OZ Pitch Day - June 13, 2024
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OZ Pitch Day - June 13, 2024
Census Tract 27, Cedar Rapids, Iowa
Census Tract 27 is a Low-Income CommunityOpportunity Zone located in Cedar Rapids, Iowa.
This 0.9 square milecensus tract has a population of approximately 1,700and is one of 3 Opportunity Zones in Linn County.
The adjacent map shows the location of this Opportunity Zone in Iowa.
Census Tract 27 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 34% lowerthan the median household income for the state of Iowa of $62,000.
Poverty Rate
26% |
The percentage of households below the poverty line in this Opportunity Zone is 26%, which is 15% higherthan the rate for the state of Iowa of 11%.
Median Home Value
$117K |
This Opportunity Zone has a median home valueof approximately $120,000, which is 25% lowerthan the median home value for the state of Iowa of $160,000.
Education
88% |
This Opportunity Zone has a percentage of population with high school diplomaof approximately 88%, which is 5% lowerthan the rate for the state of Iowa of 93%.
Median Age
39 |
This Opportunity Zone has a median ageof approximately 39, which is 0% lowerthan the median age for the state of Iowa of 39.
Iowa OZ Funds
There are 2QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify Iowaas a target market. Additional OZ funds may also invest in Iowa; see a complete list of Opportunity Zone Funds here.
| Fund Name | Asset Classes | Property Types | Fund Size |
|---|---|---|---|
| Connect UP! Integrated Capital Fund | Business, Real Estate | Affordable Housing, Commercial, Infrastructure, Residential, Workforce Housing | $50M |
| McGregor Interests Council Bluffs QOF, LLC | Real Estate | Storage | $3M |