OZ Pitch Day - June 13, 2024
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OZ Pitch Day - June 13, 2024
Census Tract 7, Meridian, Mississippi
Census Tract 7 is a Low-Income CommunityOpportunity Zone located in Meridian, Mississippi.
This 4.2 square milecensus tract has a population of approximately 4,100and is one of 2 Opportunity Zones in Lauderdale County.
The adjacent map shows the location of this Opportunity Zone in Mississippi.
Census Tract 7 Demographics
The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:
Median Household Income
$21K |
This Opportunity Zone has a median household incomeof approximately $21,000, which is 54% lowerthan the median household income for the state of Mississippi of $46,000.
Poverty Rate
49% |
The percentage of households below the poverty line in this Opportunity Zone is 49%, which is 29% higherthan the rate for the state of Mississippi of 20%.
Median Home Value
$55K |
This Opportunity Zone has a median home valueof approximately $55,000, which is 58% lowerthan the median home value for the state of Mississippi of $130,000.
Education
69% |
This Opportunity Zone has a percentage of population with high school diplomaof approximately 69%, which is 16% lowerthan the rate for the state of Mississippi of 85%.
Median Age
28 |
This Opportunity Zone has a median ageof approximately 28, which is 26% lowerthan the median age for the state of Mississippi of 38.
Mississippi OZ Funds
There are 4QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify Mississippias a target market. Additional OZ funds may also invest in Mississippi; see a complete list of Opportunity Zone Funds here.
| Fund Name | Asset Classes | Property Types | Fund Size |
|---|---|---|---|
| Maxus Opportunity Fund I | Real Estate | Commercial, Residential | $500M |
| Peachtree Hotel Group | Real Estate | Hotel | $100M |
| Revolution Wealth Opportunity Zone Fund | Business, Real Estate | Energy Development, Infrastructure, Mixed-Use | $6B |
| Woodforest CEI-Boulos Opportunity Fund | Real Estate | Workforce Housing | $22M |