Census Tract 5 is a Low-Income CommunityOpportunity Zone located in Alma, Michigan.
This 4.4 square milecensus tract has a population of approximately 5,200and is the only Opportunity Zone in Gratiot County.
The adjacent map shows the location of this Opportunity Zone in Michigan.
Census Tract 5 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 $32,000, which is 47% lowerthan the median household income for the state of Michigan of $60,000.
The percentage of households below the poverty line in this Opportunity Zone is 29%, which is 16% higherthan the rate for the state of Michigan of 13%.
Median Home Value
This Opportunity Zone has a median home valueof approximately $83,000, which is 51% lowerthan the median home value for the state of Michigan of $170,000.
This Opportunity Zone has a percentage of population with high school diplomaof approximately 96%, which is 5% higherthan the rate for the state of Michigan of 91%.
This Opportunity Zone has a median ageof approximately 34, which is 15% lowerthan the median age for the state of Michigan of 40.
Michigan OZ Funds
There are 6QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify Michiganas a target market. Additional OZ funds may also invest in Michigan; see a complete list of Opportunity Zone Funds here.
|Fund Name||Asset Classes||Property Types||Fund Size|
|Accredited Capital||Real Estate||Multi-Family Housing, Residential, Single-Family Housing||$25M|
|Beacon Rose Opportunity Zone Fund||Real Estate||Industrial, Mixed-Use, Multi-Family Housing, Residential, Student Housing||$100M|
|Community Outcome Fund||Business, Real Estate||Commercial, Infrastructure, Mixed-Use, Residential||$500M|
|Greatwater Opportunity Capital Detroit Opportunity Fund||Real Estate||Commercial, Mixed-Use, Multi-Family Housing, Residential||$100M|
|Urban Array Opportunity Fund||Business, Real Estate||Commercial, Office, Residential||$5M|
|Wefunder Detroit Opportunity Fund||Business||$100K|
There are no Opportunity Zone Funds in the OpportunityDb databasewith a focus specifically on Michigan properties.