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Census Tract 647, Melbourne, Florida
Census Tract 647 is a Low-Income CommunityOpportunity Zone located in Melbourne, Florida.
This 6.5 square milecensus tract has a population of approximately 4,000and is one of 9 Opportunity Zones in Brevard County.
The adjacent map shows the location of this Opportunity Zone in Florida.
Census Tract 647 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 $36,000, which is 39% lowerthan the median household income for the state of Florida of $59,000.
The percentage of households below the poverty line in this Opportunity Zone is 24%, which is 11% higherthan the rate for the state of Florida of 13%.
Median Home Value
This Opportunity Zone has a median home valueof approximately $84,000, which is 66% lowerthan the median home value for the state of Florida of $250,000.
This Opportunity Zone has a percentage of population with high school diplomaof approximately 91%, which is 3% higherthan the rate for the state of Florida of 88%.
This Opportunity Zone has a median ageof approximately 57, which is 36% higherthan the median age for the state of Florida of 42.
Florida OZ Funds
There are 22QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify Floridaas a target market. Additional OZ funds may also invest in Florida; see a complete list of Opportunity Zone Funds here.
There are no Opportunity Zone Funds in the OpportunityDb databasewith a focus specifically on Florida properties.