Census Tract 8 is a Low-Income CommunityOpportunity Zone located in Knoxville, Tennessee.
This 1 square milecensus tract has a population of approximately 3,600and is one of 8 Opportunity Zones in Knox County.
The adjacent map shows the location of this Opportunity Zone in Tennessee.
Census Tract 8 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 $26,000, which is 54% lowerthan the median household income for the state of Tennessee of $56,000.
The percentage of households below the poverty line in this Opportunity Zone is 51%, which is 37% higherthan the rate for the state of Tennessee of 14%.
Median Home Value
This Opportunity Zone has a median home valueof approximately $91,000, which is 52% lowerthan the median home value for the state of Tennessee of $190,000.
This Opportunity Zone has a percentage of population with high school diplomaof approximately 85%, which is 3% lowerthan the rate for the state of Tennessee of 88%.
This Opportunity Zone has a median ageof approximately 24, which is 38% lowerthan the median age for the state of Tennessee of 39.
Tennessee OZ Funds
There are 9QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify Tennesseeas a target market. Additional OZ funds may also invest in Tennessee; see a complete list of Opportunity Zone Funds here.
There are no Opportunity Zone Funds in the OpportunityDb databasewith a focus specifically on Tennessee properties.