OZ Pitch Day - June 13, 2024
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OZ Pitch Day - June 13, 2024
Census Tract 3, Red Lodge, Montana
Census Tract 3 is a Low-Income CommunityOpportunity Zone located in Red Lodge, Montana.
This 12 square milecensus tract has a population of approximately 2,300and is the only Opportunity Zone in Carbon County.
The adjacent map shows the location of this Opportunity Zone in Montana.
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
$49K |
This Opportunity Zone has a median household incomeof approximately $49,000, which is 14% lowerthan the median household income for the state of Montana of $57,000.
Poverty Rate
12% |
The percentage of households below the poverty line in this Opportunity Zone is 12%, which is 1% lowerthan the rate for the state of Montana of 13%.
Median Home Value
$260K |
This Opportunity Zone has a median home valueof approximately $260,000, which is 4% higherthan the median home value for the state of Montana of $250,000.
Education
96% |
This Opportunity Zone has a percentage of population with high school diplomaof approximately 96%, which is 2% higherthan the rate for the state of Montana of 94%.
Median Age
51 |
This Opportunity Zone has a median ageof approximately 51, which is 24% higherthan the median age for the state of Montana of 41.
Montana OZ Funds
There are 4QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify Montanaas a target market. Additional OZ funds may also invest in Montana; 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 |
| Galena Opportunity Fund | Real Estate | Residential | $500M |
| PEG Opportunity Zone Impact Investors LP | Real Estate | Hotel, Multi-Famliy Housing, Residential, Retail | $300M |
| Verdigris Opportunity Fund I | Business | Residential | $2M |