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Census Tract 505, Newport, Kentucky
Census Tract 505 is a Low-Income CommunityOpportunity Zone located in Newport, Kentucky.
This 0.2 square milecensus tract has a population of approximately 1,900and is the only Opportunity Zone in Campbell County.
The adjacent map shows the location of this Opportunity Zone in Kentucky.
Census Tract 505 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 $25,000, which is 52% lowerthan the median household income for the state of Kentucky of $52,000.
The percentage of households below the poverty line in this Opportunity Zone is 50%, which is 34% higherthan the rate for the state of Kentucky of 16%.
Median Home Value
This Opportunity Zone has a median home valueof approximately $70,000, which is 53% lowerthan the median home value for the state of Kentucky of $150,000.
This Opportunity Zone has a percentage of population with high school diplomaof approximately 78%, which is 9% lowerthan the rate for the state of Kentucky of 87%.
This Opportunity Zone has a median ageof approximately 37, which is 5% lowerthan the median age for the state of Kentucky of 39.
Kentucky OZ Funds
There are 5QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify Kentuckyas a target market. Additional OZ funds may also invest in Kentucky; see a complete list of Opportunity Zone Funds here.
|Fund Name||Asset Classes||Property Types||Fund Size|
|Nest Opportunity Fund Premium Listing||Real Estate||Multi-Family Housing, Residential||$50M|
|First Harvest Opportunity Fund||Business||Farmland||$100M|
|Maxus Opportunity Fund I||Real Estate||Commercial, Residential||$500M|
|Winebrenner Opportunity Zone Fund||Real Estate||Commercial, Multi-Family Housing, Residential, Storage||$25M|
|Woodforest CEI-Boulos Opportunity Fund||Real Estate||Workforce Housing||$22M|
There are no Opportunity Zone Funds in the OpportunityDb databasewith a focus specifically on Kentucky properties.