OZ Pitch Day - June 13, 2024
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OZ Pitch Day - June 13, 2024
Census Tract 2, Heron, Montana
Census Tract 2 is a Low-Income CommunityOpportunity Zone located in Heron, Montana.
This 1,100 square milecensus tract has a population of approximately 6,100and is one of 2 Opportunity Zones in Sanders County.
The adjacent map shows the location of this Opportunity Zone in Montana.
Census Tract 2 Demographics
The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:
Median Household Income
$45K |
This Opportunity Zone has a median household incomeof approximately $45,000, which is 21% lowerthan the median household income for the state of Montana of $57,000.
Poverty Rate
14% |
The percentage of households below the poverty line in this Opportunity Zone is 14%, which is 1% higherthan the rate for the state of Montana of 13%.
Median Home Value
$244K |
This Opportunity Zone has a median home valueof approximately $240,000, which is 4% lowerthan the median home value for the state of Montana of $250,000.
Education
90% |
This Opportunity Zone has a percentage of population with high school diplomaof approximately 90%, which is 4% lowerthan the rate for the state of Montana of 94%.
Median Age
54 |
This Opportunity Zone has a median ageof approximately 54, which is 32% 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 |