Census Tract 5859, Romulus, Michigan

Census Tract 5859 is a Low-Income CommunityOpportunity Zone located in Romulus, Michigan.

This 2.9 square milecensus tract has a population of approximately 2,900and 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 5859 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

$40K

This Opportunity Zone has a median household incomeof approximately $40,000, which is 33% 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

$119K

This Opportunity Zone has a median home valueof approximately $120,000, which is 29% lowerthan the median home value for the state of Michigan of $170,000.

Education

84%

This Opportunity Zone has a percentage of population with high school diplomaof approximately 84%, which is 7% lowerthan the rate for the state of Michigan of 91%.

Median Age

45

This Opportunity Zone has a median ageof approximately 45, which is 13% 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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