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Census Tract 508, East Spencer, North Carolina
Census Tract 508 is a Low-Income CommunityOpportunity Zone located in East Spencer, North Carolina.
This 7.4 square milecensus tract has a population of approximately 2,600and is one of 5 Opportunity Zones in Rowan County.
The adjacent map shows the location of this Opportunity Zone in North Carolina.
Census Tract 508 Demographics
The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:
Median Household Income
This Opportunity Zone has a median household incomeof approximately $42,000, which is 26% lowerthan the median household income for the state of North Carolina of $57,000.
The percentage of households below the poverty line in this Opportunity Zone is 24%, which is 10% higherthan the rate for the state of North Carolina of 14%.
Median Home Value
This Opportunity Zone has a median home valueof approximately $92,000, which is 52% lowerthan the median home value for the state of North Carolina of $190,000.
This Opportunity Zone has a percentage of population with high school diplomaof approximately 78%, which is 11% lowerthan the rate for the state of North Carolina of 89%.
This Opportunity Zone has a median ageof approximately 42, which is 8% higherthan the median age for the state of North Carolina of 39.
North Carolina OZ Funds
There are 17QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify North Carolinaas a target market. Additional OZ funds may also invest in North Carolina; see a complete list of Opportunity Zone Funds here.
There are no Opportunity Zone Funds in the OpportunityDb databasewith a focus specifically on North Carolina properties.