Multifamily Investor Expo - Feb 15th
Census Tract 16.02, Merced, California
Census Tract 16.02 is a Low-Income CommunityOpportunity Zone located in Merced, California.
This 3.3 square milecensus tract has a population of approximately 7,900and is one of 11 Opportunity Zones in Merced County.
The adjacent map shows the location of this Opportunity Zone in California.
Census Tract 16.02 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 $43,000, which is 46% lowerthan the median household income for the state of California of $80,000.
The percentage of households below the poverty line in this Opportunity Zone is 29%, which is 17% higherthan the rate for the state of California of 12%.
Median Home Value
This Opportunity Zone has a median home valueof approximately $170,000, which is 70% lowerthan the median home value for the state of California of $570,000.
This Opportunity Zone has a percentage of population with high school diplomaof approximately 53%, which is 31% lowerthan the rate for the state of California of 84%.
This Opportunity Zone has a median ageof approximately 26, which is 30% lowerthan the median age for the state of California of 37.
California OZ Funds
There are 27QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify Californiaas a target market. Additional OZ funds may also invest in California; see a complete list of Opportunity Zone Funds here.
There are no Opportunity Zone Funds in the OpportunityDb databasewith a focus specifically on California properties.