OZ Pitch Day - July 20, 2023
OZ Pitch Day - July 20, 2023
Census Tract 5211, Detroit, Michigan
Census Tract 5211 is a Low-Income CommunityOpportunity Zone located in Detroit, Michigan.
This 0.6 square milecensus tract has a population of approximately 1,900and is one of 94 Opportunity Zones in Wayne County.
The adjacent map shows the location of this Opportunity Zone in Michigan.
Census Tract 5211 Demographics
The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:
Advertisement
Median Household Income
$24K |
This Opportunity Zone has a median household incomeof approximately $24,000, which is 60% lowerthan the median household income for the state of Michigan of $60,000.
Poverty Rate
36% |
The percentage of households below the poverty line in this Opportunity Zone is 36%, which is 23% higherthan the rate for the state of Michigan of 13%.
Median Home Value
$90K |
This Opportunity Zone has a median home valueof approximately $90,000, which is 47% lowerthan the median home value for the state of Michigan of $170,000.
Education
73% |
This Opportunity Zone has a percentage of population with high school diplomaof approximately 73%, which is 18% lowerthan 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.
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.
Similar Opportunity Zones
Recent Posts
-
Investment Property Wealth Management, With Drew Reynolds
-
Growing Wealth With The Investor Mindset, With Steven Pesavento
-
De-Risking Real Estate Projects With Tax Credits, With Cullan Maumus
-
OZ Investment Strategies For Uncertain Times, With Ray Mazzie
-
The 3 Essential Habits Of High Net Worth Investors, With Andy Hagans