OZ Pitch Day - June 13, 2024
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OZ Pitch Day - June 13, 2024
Census Tract 505.05, Ripley, Tennessee
Census Tract 505.05 is a Low-Income CommunityOpportunity Zone located in Ripley, Tennessee.
This 6.8 square milecensus tract has a population of approximately 3,500and is one of 2 Opportunity Zones in Lauderdale County.
The adjacent map shows the location of this Opportunity Zone in Tennessee.
Census Tract 505.05 Demographics
The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:
Median Household Income
$29K |
This Opportunity Zone has a median household incomeof approximately $29,000, which is 48% lowerthan the median household income for the state of Tennessee of $56,000.
Poverty Rate
34% |
The percentage of households below the poverty line in this Opportunity Zone is 34%, which is 20% higherthan the rate for the state of Tennessee of 14%.
Median Home Value
$66K |
This Opportunity Zone has a median home valueof approximately $66,000, which is 65% lowerthan the median home value for the state of Tennessee of $190,000.
Education
80% |
This Opportunity Zone has a percentage of population with high school diplomaof approximately 80%, which is 8% lowerthan the rate for the state of Tennessee of 88%.
Median Age
34 |
This Opportunity Zone has a median ageof approximately 34, which is 13% 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.