Census Tract 8, Springfield, Illinois

Census Tract 8 is a Low-Income CommunityOpportunity Zone located in Springfield, Illinois.

This 0.5 square milecensus tract has a population of approximately 2,000and is one of 5 Opportunity Zones in Sangamon County.

The adjacent map shows the location of this Opportunity Zone in Illinois.

Census Tract 8 Demographics

The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:

Median Household Income

$25K

This Opportunity Zone has a median household incomeof approximately $25,000, which is 64% lowerthan the median household income for the state of Illinois of $69,000.

Poverty Rate

49%

The percentage of households below the poverty line in this Opportunity Zone is 49%, which is 38% higherthan the rate for the state of Illinois of 11%.

Median Home Value

$50K

This Opportunity Zone has a median home valueof approximately $50,000, which is 76% lowerthan the median home value for the state of Illinois of $210,000.

Education

74%

This Opportunity Zone has a percentage of population with high school diplomaof approximately 74%, which is 16% lowerthan the rate for the state of Illinois of 90%.

Median Age

25

This Opportunity Zone has a median ageof approximately 25, which is 36% lowerthan the median age for the state of Illinois of 39.

Illinois OZ Funds

There are 11QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify Illinoisas a target market. Additional OZ funds may also invest in Illinois; see a complete list of Opportunity Zone Funds here.

Similar Opportunity Zones

Archives

Categories

Featured Webinar

Self Storage OZ Deals