Census Tract 507.04 is a Low-Income CommunityOpportunity Zone located in Oak Ridge, Texas.
This 61 square milecensus tract has a population of approximately 5,700and is one of 6 Opportunity Zones in Kaufman County.
The adjacent map shows the location of this Opportunity Zone in Texas.
Census Tract 507.04 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 $48,000, which is 25% lowerthan the median household income for the state of Texas of $64,000.
The percentage of households below the poverty line in this Opportunity Zone is 14%, which is 0% lowerthan the rate for the state of Texas of 14%.
Median Home Value
This Opportunity Zone has a median home valueof approximately $110,000, which is 45% lowerthan the median home value for the state of Texas of $200,000.
This Opportunity Zone has a percentage of population with high school diplomaof approximately 82%, which is 3% lowerthan the rate for the state of Texas of 85%.
This Opportunity Zone has a median ageof approximately 40, which is 14% 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.
There are no Opportunity Zone Funds in the OpportunityDb databasewith a focus specifically on Texas properties.