Census Tract 3, Iron River, Michigan

Census Tract 3 is a Low-Income CommunityOpportunity Zone located in Iron River, Michigan.

This 18 square milecensus tract has a population of approximately 2,600and is the only Opportunity Zone in Iron County.

The adjacent map shows the location of this Opportunity Zone in Michigan.

Census Tract 3 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

$34K

This Opportunity Zone has a median household incomeof approximately $34,000, which is 43% lowerthan the median household income for the state of Michigan of $60,000.

Poverty Rate

18%

The percentage of households below the poverty line in this Opportunity Zone is 18%, which is 5% higherthan the rate for the state of Michigan of 13%.

Median Home Value

$60K

This Opportunity Zone has a median home valueof approximately $60,000, which is 65% lowerthan the median home value for the state of Michigan of $170,000.

Education

90%

This Opportunity Zone has a percentage of population with high school diplomaof approximately 90%, which is 1% lowerthan the rate for the state of Michigan of 91%.

Median Age

51

This Opportunity Zone has a median ageof approximately 51, which is 28% higherthan 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.

Similar Opportunity Zones

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