OZ Pitch Day - Nov 14th
OZ Pitch Day - Nov 14th
Census Tract 5, Alma, Michigan
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
$32K |
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.
Poverty Rate
29% |
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
$83K |
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.
Education
96% |
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%.
Median Age
34 |
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 |
