OZ Pitch Day - June 13, 2024
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OZ Pitch Day - June 13, 2024
Census Tract 8018, Springfield, Massachusetts
Census Tract 8018 is a Low-Income CommunityOpportunity Zone located in Springfield, Massachusetts.
This 0.5 square milecensus tract has a population of approximately 4,200and is one of 15 Opportunity Zones in Hampden County.
The adjacent map shows the location of this Opportunity Zone in Massachusetts.
Census Tract 8018 Demographics
The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:
Median Household Income
$29K |
This Opportunity Zone has a median household incomeof approximately $29,000, which is 66% lowerthan the median household income for the state of Massachusetts of $86,000.
Poverty Rate
41% |
The percentage of households below the poverty line in this Opportunity Zone is 41%, which is 32% higherthan the rate for the state of Massachusetts of 9.4%.
Median Home Value
$105K |
This Opportunity Zone has a median home valueof approximately $110,000, which is 74% lowerthan the median home value for the state of Massachusetts of $420,000.
Education
66% |
This Opportunity Zone has a percentage of population with high school diplomaof approximately 66%, which is 25% lowerthan the rate for the state of Massachusetts of 91%.
Median Age
25 |
This Opportunity Zone has a median ageof approximately 25, which is 37% 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.