OZ Pitch Day - June 13, 2024
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OZ Pitch Day - June 13, 2024
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
$32K |
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.
Poverty Rate
28% |
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
$94K |
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.
Education
73% |
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%.
Median Age
37 |
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 |