OZ Pitch Day - June 13, 2024
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OZ Pitch Day - June 13, 2024
Census Tract 1, Port Clarence, Alaska
Census Tract 1 is a Low-Income CommunityOpportunity Zone located in Port Clarence, Alaska.
This 22,000 square milecensus tract has a population of approximately 5,900and is the only Opportunity Zone in Nome Census Area.
The adjacent map shows the location of this Opportunity Zone in Alaska.
Census Tract 1 Demographics
The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:
Median Household Income
$43K |
This Opportunity Zone has a median household incomeof approximately $43,000, which is 43% lowerthan the median household income for the state of Alaska of $75,000.
Poverty Rate
31% |
The percentage of households below the poverty line in this Opportunity Zone is 31%, which is 21% higherthan the rate for the state of Alaska of 10%.
Median Home Value
$88K |
This Opportunity Zone has a median home valueof approximately $88,000, which is 69% lowerthan the median home value for the state of Alaska of $280,000.
Education
79% |
This Opportunity Zone has a percentage of population with high school diplomaof approximately 79%, which is 15% lowerthan the rate for the state of Alaska of 94%.
Median Age
26 |
This Opportunity Zone has a median ageof approximately 26, which is 26% lowerthan the median age for the state of Alaska of 35.
Alaska OZ Funds
There is 1QOZ Fundin the OpportunityDb database with an investment objective that specifically identify Alaskaas a target market. Additional OZ funds may also invest in Alaska; see a complete list of Opportunity Zone Funds here.
| Fund Name | Asset Classes | Property Types | Fund Size |
|---|---|---|---|
| PEG Opportunity Zone Impact Investors LP | Real Estate | Hotel, Multi-Famliy Housing, Residential, Retail | $300M |