Census Tract 505 is a Low-Income CommunityOpportunity Zone located in Terrell, Texas.
This 8.2 square milecensus tract has a population of approximately 5,400and is one of 6 Opportunity Zones in Kaufman County.
The adjacent map shows the location of this Opportunity Zone in Texas.
Census Tract 505 Demographics
The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:
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Median Household Income
$34K |
This Opportunity Zone has a median household incomeof approximately $34,000, which is 47% lowerthan the median household income for the state of Texas of $64,000.
Poverty Rate
19% |
The percentage of households below the poverty line in this Opportunity Zone is 19%, which is 5% higherthan the rate for the state of Texas of 14%.
Median Home Value
$85K |
This Opportunity Zone has a median home valueof approximately $85,000, which is 57% lowerthan the median home value for the state of Texas of $200,000.
Education
80% |
This Opportunity Zone has a percentage of population with high school diplomaof approximately 80%, which is 5% lowerthan the rate for the state of Texas of 85%.
Median Age
38 |
This Opportunity Zone has a median ageof approximately 38, which is 9% higherthan the median age for the state of Texas of 35.
Texas OZ Funds
There are 30QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify Texasas a target market. Additional OZ funds may also invest in Texas; see a complete list of Opportunity Zone Funds here.
