OZ Pitch Day - June 13, 2024
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OZ Pitch Day - June 13, 2024
Census Tract 7, Fargo, North Dakota
Census Tract 7 is a Low-Income CommunityOpportunity Zone located in Fargo, North Dakota.
This 0.4 square milecensus tract has a population of approximately 1,700and is one of 5 Opportunity Zones in Cass County.
The adjacent map shows the location of this Opportunity Zone in North Dakota.
Census Tract 7 Demographics
The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:
Median Household Income
$21K |
This Opportunity Zone has a median household incomeof approximately $21,000, which is 68% lowerthan the median household income for the state of North Dakota of $65,000.
Poverty Rate
33% |
The percentage of households below the poverty line in this Opportunity Zone is 33%, which is 22% higherthan the rate for the state of North Dakota of 11%.
Median Home Value
$453K |
This Opportunity Zone has a median home valueof approximately $450,000, which is 114% higherthan the median home value for the state of North Dakota of $210,000.
Education
95% |
This Opportunity Zone has a percentage of population with high school diplomaof approximately 95%, which is 2% higherthan the rate for the state of North Dakota of 93%.
Median Age
31 |
This Opportunity Zone has a median ageof approximately 31, which is 14% 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 |