Census Tract 1734, Ferndale, Michigan

Census Tract 1734 is a Low-Income CommunityOpportunity Zone located in Ferndale, Michigan.

This 0.9 square milecensus tract has a population of approximately 5,400and is one of 15 Opportunity Zones in Oakland County.

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

Census Tract 1734 Demographics

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

Median Household Income

$70K

This Opportunity Zone has a median household incomeof approximately $70,000, which is 17% higherthan the median household income for the state of Michigan of $60,000.

Poverty Rate

7.4%

The percentage of households below the poverty line in this Opportunity Zone is 7.4%, which is 6% lowerthan the rate for the state of Michigan of 13%.

Median Home Value

$166K

This Opportunity Zone has a median home valueof approximately $170,000, which is 0% 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

36

This Opportunity Zone has a median ageof approximately 36, which is 10% 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.

Similar Opportunity Zones

Archives

Categories

Featured Webinar

Self Storage OZ Deals