OZ Pitch Day - March 23rd
Census Tract 5.02, Fargo, North Dakota
Census Tract 5.02 is a Low-Income CommunityOpportunity Zone located in Fargo, North Dakota.
This 0.3 square milecensus tract has a population of approximately 3,200and is one of 5 Opportunity Zones in Cass County.
The adjacent map shows the location of this Opportunity Zone in North Dakota.
Census Tract 5.02 Demographics
The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:
Median Household Income
This Opportunity Zone has a median household incomeof approximately $27,000, which is 58% lowerthan the median household income for the state of North Dakota of $65,000.
The percentage of households below the poverty line in this Opportunity Zone is 50%, which is 39% higherthan the rate for the state of North Dakota of 11%.
Median Home Value
This Opportunity Zone has a median home valueof approximately $160,000, which is 24% lowerthan the median home value for the state of North Dakota of $210,000.
This Opportunity Zone has a percentage of population with high school diplomaof approximately 88%, which is 5% lowerthan the rate for the state of North Dakota of 93%.
This Opportunity Zone has a median ageof approximately 22, which is 39% lowerthan the median age for the state of North Dakota of 36.
North Dakota OZ Funds
There is 1QOZ Fundin the OpportunityDb database with an investment objective that specifically identify North Dakotaas a target market. Additional OZ funds may also invest in North Dakota; see a complete list of Opportunity Zone Funds here.
|Fund Name||Asset Classes||Property Types||Fund Size|
|Connect UP! Integrated Capital Fund||Business, Real Estate||Affordable Housing, Commercial, Infrastructure, Residential, Workforce Housing||$50M|
There are no Opportunity Zone Funds in the OpportunityDb databasewith a focus specifically on North Dakota properties.