Census Tract 116 is a Low-Income CommunityOpportunity Zone located in Memphis, Tennessee.
This 0.6 square milecensus tract has a population of approximately 2,800and is one of 32 Opportunity Zones in Shelby County.
The adjacent map shows the location of this Opportunity Zone in Tennessee.
Census Tract 116 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 $14,000, which is 75% 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 61%, which is 47% higherthan the rate for the state of Tennessee of 14%.
Median Home Value
This Opportunity Zone has a median home valueof approximately $34,000, which is 82% 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 73%, which is 15% 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.