The Opportunity Zones Podcast is now on YouTube!
Census Tract 3, Lexington-Fayette, Kentucky
Census Tract 3 is a Low-Income CommunityOpportunity Zone located in Lexington-Fayette, Kentucky.
This 0.4 square milecensus tract has a population of approximately 2,700and is one of 7 Opportunity Zones in Fayette County.
The adjacent map shows the location of this Opportunity Zone in Kentucky.
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 $32,000, which is 38% 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 28%, which is 12% higherthan the rate for the state of Kentucky of 16%.
Median Home Value
This Opportunity Zone has a median home valueof approximately $94,000, which is 37% 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 73%, which is 14% 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.