OZ Pitch Day - June 13, 2024
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OZ Pitch Day - June 13, 2024
Census Tract 4.02, Billings, Montana
Census Tract 4.02 is a Low-Income CommunityOpportunity Zone located in Billings, Montana.
This 1 square milecensus tract has a population of approximately 2,900and is the only Opportunity Zone in Yellowstone County.
The adjacent map shows the location of this Opportunity Zone in Montana.
Census Tract 4.02 Demographics
The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:
Median Household Income
$42K |
This Opportunity Zone has a median household incomeof approximately $42,000, which is 26% lowerthan the median household income for the state of Montana of $57,000.
Poverty Rate
15% |
The percentage of households below the poverty line in this Opportunity Zone is 15%, which is 2% higherthan the rate for the state of Montana of 13%.
Median Home Value
$214K |
This Opportunity Zone has a median home valueof approximately $210,000, which is 16% lowerthan the median home value for the state of Montana of $250,000.
Education
95% |
This Opportunity Zone has a percentage of population with high school diplomaof approximately 95%, which is 1% higherthan the rate for the state of Montana of 94%.
Median Age
38 |
This Opportunity Zone has a median ageof approximately 38, which is 7% lowerthan 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 |