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.

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Census Tract 8017 Demographics

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

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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.

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