OZ Pitch Day - June 13, 2024
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OZ Pitch Day - June 13, 2024
Census Tract 5.02, Jonesboro, Arkansas
Census Tract 5.02 is a Low-Income CommunityOpportunity Zone located in Jonesboro, Arkansas.
This 26 square milecensus tract has a population of approximately 5,400and is one of 3 Opportunity Zones in Craighead County.
The adjacent map shows the location of this Opportunity Zone in Arkansas.
Census Tract 5.02 Demographics
The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:
Median Household Income
$41K |
This Opportunity Zone has a median household incomeof approximately $41,000, which is 16% lowerthan the median household income for the state of Arkansas of $49,000.
Poverty Rate
29% |
The percentage of households below the poverty line in this Opportunity Zone is 29%, which is 13% higherthan the rate for the state of Arkansas of 16%.
Median Home Value
$139K |
This Opportunity Zone has a median home valueof approximately $140,000, which is 0% lowerthan the median home value for the state of Arkansas of $140,000.
Education
97% |
This Opportunity Zone has a percentage of population with high school diplomaof approximately 97%, which is 10% higherthan the rate for the state of Arkansas of 87%.
Median Age
29 |
This Opportunity Zone has a median ageof approximately 29, which is 26% lowerthan the median age for the state of Arkansas of 39.
Arkansas OZ Funds
There are 4QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify Arkansasas a target market. Additional OZ funds may also invest in Arkansas; see a complete list of Opportunity Zone Funds here.
| Fund Name | Asset Classes | Property Types | Fund Size |
|---|---|---|---|
| Catalytic Opportunity Zone Fund | Business, Real Estate | Commercial, Hotel, Infrastructure, Mixed-Use, Office, Residential, Student Housing, Workforce Housing | $100M |
| Community Outcome Fund | Business, Real Estate | Commercial, Infrastructure, Mixed-Use, Residential | $500M |
| Maxus Opportunity Fund I | Real Estate | Commercial, Residential | $500M |
| Tigerback Ventures | Business |