OZ Pitch Day - June 13, 2024
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OZ Pitch Day - June 13, 2024
Census Tract 3, Wrangell, Alaska
Census Tract 3 is a Low-Income CommunityOpportunity Zone located in Wrangell, Alaska.
This 2,600 square milecensus tract has a population of approximately 2,500and is the only Opportunity Zone in Wrangell City and Borough.
The adjacent map shows the location of this Opportunity Zone in Alaska.
Census Tract 3 Demographics
The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:
Median Household Income
$54K |
This Opportunity Zone has a median household incomeof approximately $54,000, which is 28% lowerthan the median household income for the state of Alaska of $75,000.
Poverty Rate
7.8% |
The percentage of households below the poverty line in this Opportunity Zone is 7.8%, which is 2% lowerthan the rate for the state of Alaska of 10%.
Median Home Value
$216K |
This Opportunity Zone has a median home valueof approximately $220,000, which is 21% lowerthan the median home value for the state of Alaska of $280,000.
Education
87% |
This Opportunity Zone has a percentage of population with high school diplomaof approximately 87%, which is 7% lowerthan the rate for the state of Alaska of 94%.
Median Age
49 |
This Opportunity Zone has a median ageof approximately 49, which is 40% higherthan 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 |