Multifamily Investor Expo - Feb 15th
Census Tract 407, Covington, Tennessee
Census Tract 407 is a Low-Income CommunityOpportunity Zone located in Covington, Tennessee.
This 2.6 square milecensus tract has a population of approximately 5,000and is one of 2 Opportunity Zones in Tipton County.
The adjacent map shows the location of this Opportunity Zone in Tennessee.
Census Tract 407 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 $30,000, which is 46% 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 26%, which is 12% higherthan the rate for the state of Tennessee of 14%.
Median Home Value
This Opportunity Zone has a median home valueof approximately $100,000, which is 47% 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 80%, which is 8% lowerthan the rate for the state of Tennessee of 88%.
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.
There are no Opportunity Zone Funds in the OpportunityDb databasewith a focus specifically on Tennessee properties.