OZ Pitch Day - June 13, 2024
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OZ Pitch Day - June 13, 2024
Census Tract 518.02, Laurel, Delaware
Census Tract 518.02 is a Low-Income CommunityOpportunity Zone located in Laurel, Delaware.
This 4.7 square milecensus tract has a population of approximately 4,400and is one of 5 Opportunity Zones in Sussex County.
The adjacent map shows the location of this Opportunity Zone in Delaware.
Census Tract 518.02 Demographics
The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:
Median Household Income
$45K |
This Opportunity Zone has a median household incomeof approximately $45,000, which is 36% lowerthan the median household income for the state of Delaware of $70,000.
Poverty Rate
20% |
The percentage of households below the poverty line in this Opportunity Zone is 20%, which is 9% higherthan the rate for the state of Delaware of 11%.
Median Home Value
$169K |
This Opportunity Zone has a median home valueof approximately $170,000, which is 35% lowerthan the median home value for the state of Delaware of $260,000.
Education
83% |
This Opportunity Zone has a percentage of population with high school diplomaof approximately 83%, which is 7% lowerthan the rate for the state of Delaware of 90%.
Median Age
32 |
This Opportunity Zone has a median ageof approximately 32, which is 22% lowerthan the median age for the state of Delaware of 41.
Delaware OZ Funds
There are 3QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify Delawareas a target market. Additional OZ funds may also invest in Delaware; see a complete list of Opportunity Zone Funds here.
| Fund Name | Asset Classes | Property Types | Fund Size |
|---|---|---|---|
| Second Chances Farm Fund | Real Estate | Farmland | $25M |
| Strategic Rivermont OZ Fund, LLC | Real Estate | Commercial, Energy Development, Hotel, Mixed-Use, Residential, Stadiums and Arenas, Student Housing | $100M |
| Sunset Cove Fund, LLP | Business | $2M |