Census Tract 5704, Inkster, Michigan

Census Tract 5704 is a Low-Income CommunityOpportunity Zone located in Inkster, Michigan.

This 1.5 square milecensus tract has a population of approximately 5,300and is one of 94 Opportunity Zones in Wayne County.

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

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Census Tract 5704 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

$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

32%

The percentage of households below the poverty line in this Opportunity Zone is 32%, which is 19% higherthan the rate for the state of Michigan of 13%.

Median Home Value

$40K

This Opportunity Zone has a median home valueof approximately $40,000, which is 76% lowerthan the median home value for the state of Michigan of $170,000.

Education

76%

This Opportunity Zone has a percentage of population with high school diplomaof approximately 76%, which is 15% lowerthan the rate for the state of Michigan of 91%.

Median Age

29

This Opportunity Zone has a median ageof approximately 29, which is 27% 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.

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