Multifamily Investor Expo - Feb 15th
Census Tract 1007, Covington, Georgia
Census Tract 1007 is a Low-Income CommunityOpportunity Zone located in Covington, Georgia.
This 5.9 square milecensus tract has a population of approximately 6,300and is the only Opportunity Zone in Newton County.
The adjacent map shows the location of this Opportunity Zone in Georgia.
Census Tract 1007 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 $40,000, which is 35% lowerthan the median household income for the state of Georgia of $62,000.
The percentage of households below the poverty line in this Opportunity Zone is 30%, which is 17% higherthan the rate for the state of Georgia of 13%.
Median Home Value
This Opportunity Zone has a median home valueof approximately $120,000, which is 40% lowerthan the median home value for the state of Georgia of $200,000.
This Opportunity Zone has a percentage of population with high school diplomaof approximately 82%, which is 6% lowerthan the rate for the state of Georgia of 88%.
This Opportunity Zone has a median ageof approximately 31, which is 16% lowerthan the median age for the state of Georgia of 37.
Georgia OZ Funds
There are 14QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify Georgiaas a target market. Additional OZ funds may also invest in Georgia; see a complete list of Opportunity Zone Funds here.
There are no Opportunity Zone Funds in the OpportunityDb databasewith a focus specifically on Georgia properties.