Multifamily Investor Expo - Feb 15th
Census Tract 306, West Memphis, Arkansas
Census Tract 306 is a Low-Income CommunityOpportunity Zone located in West Memphis, Arkansas.
This 170 square milecensus tract has a population of approximately 4,500and is one of 2 Opportunity Zones in Crittenden County.
The adjacent map shows the location of this Opportunity Zone in Arkansas.
Census Tract 306 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 $32,000, which is 35% lowerthan the median household income for the state of Arkansas of $49,000.
The percentage of households below the poverty line in this Opportunity Zone is 36%, which is 20% higherthan the rate for the state of Arkansas of 16%.
Median Home Value
This Opportunity Zone has a median home valueof approximately $89,000, which is 36% lowerthan the median home value for the state of Arkansas of $140,000.
This Opportunity Zone has a percentage of population with high school diplomaof approximately 79%, which is 8% lowerthan the rate for the state of Arkansas of 87%.
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|
There are no Opportunity Zone Funds in the OpportunityDb databasewith a focus specifically on Arkansas properties.