OZ Pitch Day - June 13, 2024
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OZ Pitch Day - June 13, 2024
Census Tract 8017, Springfield, Massachusetts
Census Tract 8017 is a Low-Income CommunityOpportunity Zone located in Springfield, Massachusetts.
This 0.6 square milecensus tract has a population of approximately 7,700and is one of 15 Opportunity Zones in Hampden County.
The adjacent map shows the location of this Opportunity Zone in Massachusetts.
Census Tract 8017 Demographics
The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:
Median Household Income
$32K |
This Opportunity Zone has a median household incomeof approximately $32,000, which is 63% lowerthan the median household income for the state of Massachusetts of $86,000.
Poverty Rate
28% |
The percentage of households below the poverty line in this Opportunity Zone is 28%, which is 19% higherthan the rate for the state of Massachusetts of 9.4%.
Median Home Value
$155K |
This Opportunity Zone has a median home valueof approximately $160,000, which is 62% lowerthan the median home value for the state of Massachusetts of $420,000.
Education
79% |
This Opportunity Zone has a percentage of population with high school diplomaof approximately 79%, which is 12% lowerthan the rate for the state of Massachusetts of 91%.
Median Age
22 |
This Opportunity Zone has a median ageof approximately 22, which is 45% 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.