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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
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.
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
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.
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%.
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|
There are no Opportunity Zone Funds in the OpportunityDb databasewith a focus specifically on Montana properties.