OZ Pitch Day - June 13, 2024
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OZ Pitch Day - June 13, 2024
Census Tract 304, Paducah, Kentucky
Census Tract 304 is a Low-Income CommunityOpportunity Zone located in Paducah, Kentucky.
This 2.1 square milecensus tract has a population of approximately 1,600and is one of 2 Opportunity Zones in McCracken County.
The adjacent map shows the location of this Opportunity Zone in Kentucky.
Census Tract 304 Demographics
The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:
Median Household Income
$27K |
This Opportunity Zone has a median household incomeof approximately $27,000, which is 48% lowerthan the median household income for the state of Kentucky of $52,000.
Poverty Rate
25% |
The percentage of households below the poverty line in this Opportunity Zone is 25%, which is 9% higherthan the rate for the state of Kentucky of 16%.
Median Home Value
$52K |
This Opportunity Zone has a median home valueof approximately $52,000, which is 65% lowerthan the median home value for the state of Kentucky of $150,000.
Education
86% |
This Opportunity Zone has a percentage of population with high school diplomaof approximately 86%, which is 1% lowerthan the rate for the state of Kentucky of 87%.
Median Age
39 |
This Opportunity Zone has a median ageof approximately 39, which is 0% 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 |