Census Tract 1 is a Low-Income CommunityOpportunity Zone located in Rochester, Minnesota.
This 0.3 square milecensus tract has a population of approximately 1,900and is one of 2 Opportunity Zones in Olmsted County.
The adjacent map shows the location of this Opportunity Zone in Minnesota.
Census Tract 1 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 $24,000, which is 68% lowerthan the median household income for the state of Minnesota of $75,000.
The percentage of households below the poverty line in this Opportunity Zone is 40%, which is 31% higherthan the rate for the state of Minnesota of 9%.
Median Home Value
This Opportunity Zone has a median home valueof approximately $160,000, which is 36% lowerthan the median home value for the state of Minnesota of $250,000.
This Opportunity Zone has a percentage of population with high school diplomaof approximately 83%, which is 11% lowerthan the rate for the state of Minnesota of 94%.
This Opportunity Zone has a median ageof approximately 44, which is 16% higherthan the median age for the state of Minnesota of 38.
Minnesota OZ Funds
There are 6QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify Minnesotaas a target market. Additional OZ funds may also invest in Minnesota; see a complete list of Opportunity Zone Funds here.
|Fund Name||Asset Classes||Property Types||Fund Size|
|Catalyst Opportunity Funds||Business, Real Estate||Affordable Housing, Commercial, Mixed-Use, Multi-Family Housing, Office, Residential, Workforce Housing||$150M|
|Connect UP! Integrated Capital Fund||Business, Real Estate||Affordable Housing, Commercial, Infrastructure, Residential, Workforce Housing||$50M|
|DREAM Fund||Real Estate||Commercial, Energy Development, Mixed-Use, Residential||$100M|
|Hospitality with real estate||Business||Hotel||$3M|
|Origin Investments QOZ Fund||Real Estate||Commercial, Residential||$200M|
|V3 Sports||Business, Real Estate||Mixed-Use|
There are no Opportunity Zone Funds in the OpportunityDb databasewith a focus specifically on Minnesota properties.