OZ Pitch Day - July 20, 2023
Census Tract 8009, Springfield, Massachusetts
Census Tract 8009 is a Low-Income CommunityOpportunity Zone located in Springfield, Massachusetts.
This 0.5 square milecensus tract has a population of approximately 4,300and is one of 15 Opportunity Zones in Hampden County.
The adjacent map shows the location of this Opportunity Zone in Massachusetts.
Census Tract 8009 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 $19,000, which is 78% lowerthan the median household income for the state of Massachusetts of $86,000.
The percentage of households below the poverty line in this Opportunity Zone is 48%, which is 39% higherthan the rate for the state of Massachusetts of 9.4%.
Median Home Value
This Opportunity Zone has a median home valueof approximately $150,000, which is 64% lowerthan the median home value for the state of Massachusetts of $420,000.
This Opportunity Zone has a percentage of population with high school diplomaof approximately 58%, which is 33% lowerthan the rate for the state of Massachusetts of 91%.
This Opportunity Zone has a median ageof approximately 33, which is 17% lowerthan the median age for the state of Massachusetts of 40.
Massachusetts OZ Funds
There are 11QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify Massachusettsas a target market. Additional OZ funds may also invest in Massachusetts; see a complete list of Opportunity Zone Funds here.
There are no Opportunity Zone Funds in the OpportunityDb databasewith a focus specifically on Massachusetts properties.