Census Tract 3 is a Low-Income CommunityOpportunity Zone located in Fort Smith, Arkansas.
This 2.5 square milecensus tract has a population of approximately 2,300and is one of 3 Opportunity Zones in Sebastian County.
The adjacent map shows the location of this Opportunity Zone in Arkansas.
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
This Opportunity Zone has a median household incomeof approximately $35,000, which is 29% 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 27%, which is 11% higherthan the rate for the state of Arkansas of 16%.
Median Home Value
This Opportunity Zone has a median home valueof approximately $67,000, which is 52% 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 75%, which is 12% lowerthan the rate for the state of Arkansas of 87%.
This Opportunity Zone has a median ageof approximately 33, which is 15% 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.