OZ Pitch Day - June 13, 2024
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OZ Pitch Day - June 13, 2024
Census Tract 9506, Magnolia, Mississippi
Census Tract 9506 is a Low-Income CommunityOpportunity Zone located in Magnolia, Mississippi.
This 90 square milecensus tract has a population of approximately 6,100and is one of 3 Opportunity Zones in Pike County.
The adjacent map shows the location of this Opportunity Zone in Mississippi.
Census Tract 9506 Demographics
The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:
Median Household Income
$34K |
This Opportunity Zone has a median household incomeof approximately $34,000, which is 26% lowerthan the median household income for the state of Mississippi of $46,000.
Poverty Rate
25% |
The percentage of households below the poverty line in this Opportunity Zone is 25%, which is 5% higherthan the rate for the state of Mississippi of 20%.
Median Home Value
$80K |
This Opportunity Zone has a median home valueof approximately $80,000, which is 38% lowerthan the median home value for the state of Mississippi of $130,000.
Education
79% |
This Opportunity Zone has a percentage of population with high school diplomaof approximately 79%, which is 6% lowerthan the rate for the state of Mississippi of 85%.
Median Age
45 |
This Opportunity Zone has a median ageof approximately 45, which is 18% higherthan 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 |