OZ Pitch Day - June 13, 2024
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OZ Pitch Day - June 13, 2024
Census Tract 3, Hobbs, New Mexico
Census Tract 3 is a Low-Income CommunityOpportunity Zone located in Hobbs, New Mexico.
This 2.5 square milecensus tract has a population of approximately 4,000and is the only Opportunity Zone in Lea County.
The adjacent map shows the location of this Opportunity Zone in New Mexico.
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
$39K |
This Opportunity Zone has a median household incomeof approximately $39,000, which is 25% lowerthan the median household income for the state of New Mexico of $52,000.
Poverty Rate
28% |
The percentage of households below the poverty line in this Opportunity Zone is 28%, which is 10% higherthan the rate for the state of New Mexico of 18%.
Median Home Value
$74K |
This Opportunity Zone has a median home valueof approximately $74,000, which is 59% lowerthan the median home value for the state of New Mexico of $180,000.
Education
47% |
This Opportunity Zone has a percentage of population with high school diplomaof approximately 47%, which is 39% lowerthan the rate for the state of New Mexico of 86%.
Median Age
28 |
This Opportunity Zone has a median ageof approximately 28, which is 28% lowerthan the median age for the state of New Mexico of 39.
New Mexico OZ Funds
There are 3QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify New Mexicoas a target market. Additional OZ funds may also invest in New Mexico; see a complete list of Opportunity Zone Funds here.
| Fund Name | Asset Classes | Property Types | Fund Size |
|---|---|---|---|
| Clearinghouse CDFI Opportunity Fund | Real Estate | $25M | |
| Maxus Opportunity Fund I | Real Estate | Commercial, Residential | $500M |
| PEG Opportunity Zone Impact Investors LP | Real Estate | Hotel, Multi-Famliy Housing, Residential, Retail | $300M |