OZ Pitch Day - June 13, 2024
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OZ Pitch Day - June 13, 2024
Census Tract 9503, Madawaska, Maine
Census Tract 9503 is a Non-LIC ContiguousOpportunity Zone located in Madawaska, Maine.
This 56 square milecensus tract has a population of approximately 3,800and is one of 4 Opportunity Zones in Aroostook County.
The adjacent map shows the location of this Opportunity Zone in Maine.
Census Tract 9503 Demographics
The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:
Median Household Income
$36K |
This Opportunity Zone has a median household incomeof approximately $36,000, which is 39% lowerthan the median household income for the state of Maine of $59,000.
Poverty Rate
12% |
The percentage of households below the poverty line in this Opportunity Zone is 12%, which is 1% higherthan the rate for the state of Maine of 11%.
Median Home Value
$105K |
This Opportunity Zone has a median home valueof approximately $100,000, which is 50% lowerthan the median home value for the state of Maine of $200,000.
Education
87% |
This Opportunity Zone has a percentage of population with high school diplomaof approximately 87%, which is 6% lowerthan the rate for the state of Maine of 93%.
Median Age
55 |
This Opportunity Zone has a median ageof approximately 55, which is 22% higherthan the median age for the state of Maine of 45.
Maine OZ Funds
There are 2QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify Maineas a target market. Additional OZ funds may also invest in Maine; see a complete list of Opportunity Zone Funds here.
| Fund Name | Asset Classes | Property Types | Fund Size |
|---|---|---|---|
| KindCare Assisted Living | Business, Real Estate | Residential, Senior Housing | $30M |
| Strategic Rivermont OZ Fund, LLC | Real Estate | Commercial, Energy Development, Hotel, Mixed-Use, Residential, Stadiums and Arenas, Student Housing | $100M |