OZ Pitch Day - June 13, 2024
OZ Pitch Day - June 13, 2024
Census Tract 3, Memphis, Tennessee
Census Tract 3 is a Low-Income CommunityOpportunity Zone located in Memphis, Tennessee.
This 1.1 square milecensus tract has a population of approximately 770and is one of 32 Opportunity Zones in Shelby County.
The adjacent map shows the location of this Opportunity Zone in Tennessee.
Census Tract 3 Demographics
The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:
Median Household Income
$19K |
This Opportunity Zone has a median household incomeof approximately $19,000, which is 66% lowerthan the median household income for the state of Tennessee of $56,000.
Poverty Rate
30% |
The percentage of households below the poverty line in this Opportunity Zone is 30%, which is 16% higherthan the rate for the state of Tennessee of 14%.
Median Home Value
$49K |
This Opportunity Zone has a median home valueof approximately $49,000, which is 74% lowerthan the median home value for the state of Tennessee of $190,000.
Education
81% |
This Opportunity Zone has a percentage of population with high school diplomaof approximately 81%, which is 7% lowerthan the rate for the state of Tennessee of 88%.
Median Age
49 |
This Opportunity Zone has a median ageof approximately 49, which is 26% higherthan 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.