Census Tract 5018, Detroit, Michigan

Census Tract 5018 is a Low-Income CommunityOpportunity Zone located in Detroit, Michigan.

This 0.6 square milecensus tract has a population of approximately 4,700and is one of 94 Opportunity Zones in Wayne County.

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

Census Tract 5018 Demographics

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

Median Household Income

$59K

This Opportunity Zone has a median household incomeof approximately $59,000, which is 2% lowerthan the median household income for the state of Michigan of $60,000.

Poverty Rate

16%

The percentage of households below the poverty line in this Opportunity Zone is 16%, which is 3% higherthan the rate for the state of Michigan of 13%.

Median Home Value

$81K

This Opportunity Zone has a median home valueof approximately $81,000, which is 52% lowerthan the median home value for the state of Michigan of $170,000.

Education

93%

This Opportunity Zone has a percentage of population with high school diplomaof approximately 93%, which is 2% higherthan the rate for the state of Michigan of 91%.

Median Age

42

This Opportunity Zone has a median ageof approximately 42, which is 5% 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.

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