Multifamily Investor Expo - Feb 15th
Census Tract 3.02, Lubbock, Texas
Census Tract 3.02 is a Low-Income CommunityOpportunity Zone located in Lubbock, Texas.
This 1.7 square milecensus tract has a population of approximately 7,200and is one of 8 Opportunity Zones in Lubbock County.
The adjacent map shows the location of this Opportunity Zone in Texas.
Census Tract 3.02 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 $27,000, which is 58% 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 37%, which is 23% higherthan the rate for the state of Texas of 14%.
Median Home Value
This Opportunity Zone has a median home valueof approximately $58,000, which is 71% 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 70%, which is 15% lowerthan the rate for the state of Texas of 85%.
This Opportunity Zone has a median ageof approximately 28, which is 20% lowerthan 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.