OZ Pitch Day - July 20, 2023
Census Tract 42.01, Palm Springs, Florida
Census Tract 42.01 is a Low-Income CommunityOpportunity Zone located in Palm Springs, Florida.
This 1 square milecensus tract has a population of approximately 8,500and is one of 26 Opportunity Zones in Palm Beach County.
The adjacent map shows the location of this Opportunity Zone in Florida.
Census Tract 42.01 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 $51,000, which is 14% 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 9.8%, which is 3% lowerthan the rate for the state of Florida of 13%.
Median Home Value
This Opportunity Zone has a median home valueof approximately $170,000, which is 32% 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 79%, which is 9% lowerthan the rate for the state of Florida of 88%.
This Opportunity Zone has a median ageof approximately 39, which is 7% lowerthan 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.