OZ Pitch Day - June 13, 2024
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OZ Pitch Day - June 13, 2024
Census Tract 638, Covington, Kentucky
Census Tract 638 is a Low-Income CommunityOpportunity Zone located in Covington, Kentucky.
This 1.3 square milecensus tract has a population of approximately 2,600and is one of 5 Opportunity Zones in Kenton County.
The adjacent map shows the location of this Opportunity Zone in Kentucky.
Census Tract 638 Demographics
The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:
Median Household Income
$62K |
This Opportunity Zone has a median household incomeof approximately $62,000, which is 19% higherthan the median household income for the state of Kentucky of $52,000.
Poverty Rate
8.7% |
The percentage of households below the poverty line in this Opportunity Zone is 8.7%, which is 7% lowerthan the rate for the state of Kentucky of 16%.
Median Home Value
$148K |
This Opportunity Zone has a median home valueof approximately $150,000, which is 0% lowerthan the median home value for the state of Kentucky of $150,000.
Education
93% |
This Opportunity Zone has a percentage of population with high school diplomaof approximately 93%, which is 6% higherthan the rate for the state of Kentucky of 87%.
Median Age
42 |
This Opportunity Zone has a median ageof approximately 42, which is 8% higherthan 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 |