Multifamily Investor Expo - Feb 15th
Census Tract 506, Myrtle Beach, South Carolina
Census Tract 506 is a Low-Income CommunityOpportunity Zone located in Myrtle Beach, South Carolina.
This 2.3 square milecensus tract has a population of approximately 5,300and is one of 6 Opportunity Zones in Horry County.
The adjacent map shows the location of this Opportunity Zone in South Carolina.
Census Tract 506 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 $27,000, which is 52% lowerthan the median household income for the state of South Carolina of $56,000.
The percentage of households below the poverty line in this Opportunity Zone is 34%, which is 20% higherthan the rate for the state of South Carolina of 14%.
Median Home Value
This Opportunity Zone has a median home valueof approximately $110,000, which is 39% lowerthan the median home value for the state of South Carolina of $180,000.
This Opportunity Zone has a percentage of population with high school diplomaof approximately 86%, which is 2% lowerthan the rate for the state of South Carolina of 88%.
This Opportunity Zone has a median ageof approximately 30, which is 25% lowerthan the median age for the state of South Carolina of 40.
South Carolina OZ Funds
There are 8QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify South Carolinaas a target market. Additional OZ funds may also invest in South Carolina; see a complete list of Opportunity Zone Funds here.
There are no Opportunity Zone Funds in the OpportunityDb databasewith a focus specifically on South Carolina properties.