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Census Tract 651.24, Melbourne, Florida
Census Tract 651.24 is a Low-Income CommunityOpportunity Zone located in Melbourne, Florida.
This 1.3 square milecensus tract has a population of approximately 2,300and is one of 9 Opportunity Zones in Brevard County.
The adjacent map shows the location of this Opportunity Zone in Florida.
Census Tract 651.24 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 59% 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 35%, which is 22% higherthan the rate for the state of Florida of 13%.
Median Home Value
This Opportunity Zone has a median home valueof approximately $63,000, which is 75% 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 81%, which is 7% lowerthan the rate for the state of Florida of 88%.
This Opportunity Zone has a median ageof approximately 48, which is 14% 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.