Census Tract 5 is a Low-Income CommunityOpportunity Zone located in Mineral Wells, Texas.
This 0.9 square milecensus tract has a population of approximately 2,000and is one of 3 Opportunity Zones in Palo Pinto County.
The adjacent map shows the location of this Opportunity Zone in Texas.
Census Tract 5 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 15%, which is 1% higherthan the rate for the state of Texas of 14%.
Median Home Value
This Opportunity Zone has a median home valueof approximately $150,000, which is 25% 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 80%, which is 5% 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.