Census Tract 118 is a Low-Income CommunityOpportunity Zone located in Tuscaloosa, Alabama.
This 1.5 square milecensus tract has a population of approximately 2,700and is one of 10 Opportunity Zones in Tuscaloosa County.
The adjacent map shows the location of this Opportunity Zone in Alabama.
Census Tract 118 Demographics
The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:
Median Household Income
This Opportunity Zone has a median household incomeof approximately $24,000, which is 54% lowerthan the median household income for the state of Alabama of $52,000.
The percentage of households below the poverty line in this Opportunity Zone is 40%, which is 25% higherthan the rate for the state of Alabama of 15%.
Median Home Value
This Opportunity Zone has a median home valueof approximately $72,000, which is 52% lowerthan the median home value for the state of Alabama of $150,000.
This Opportunity Zone has a percentage of population with high school diplomaof approximately 81%, which is 6% lowerthan the rate for the state of Alabama of 87%.
This Opportunity Zone has a median ageof approximately 43, which is 10% higherthan the median age for the state of Alabama of 39.
Alabama OZ Funds
There are 8QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify Alabamaas a target market. Additional OZ funds may also invest in Alabama; see a complete list of Opportunity Zone Funds here.
There are no Opportunity Zone Funds in the OpportunityDb databasewith a focus specifically on Alabama properties.