Multifamily Investor Expo - Feb 15th
Census Tract 5038, Akron, Ohio
Census Tract 5038 is a Low-Income CommunityOpportunity Zone located in Akron, Ohio.
This 3.6 square milecensus tract has a population of approximately 4,100and is one of 16 Opportunity Zones in Summit County.
The adjacent map shows the location of this Opportunity Zone in Ohio.
Census Tract 5038 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 $23,000, which is 61% lowerthan the median household income for the state of Ohio of $59,000.
The percentage of households below the poverty line in this Opportunity Zone is 45%, which is 32% higherthan the rate for the state of Ohio of 13%.
Median Home Value
This Opportunity Zone has a median home valueof approximately $110,000, which is 31% lowerthan the median home value for the state of Ohio of $160,000.
This Opportunity Zone has a percentage of population with high school diplomaof approximately 87%, which is 4% lowerthan the rate for the state of Ohio of 91%.
This Opportunity Zone has a median ageof approximately 30, which is 25% lowerthan the median age for the state of Ohio of 40.
Ohio OZ Funds
There are 9QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify Ohioas a target market. Additional OZ funds may also invest in Ohio; see a complete list of Opportunity Zone Funds here.
|Fund Name||Asset Classes||Property Types||Fund Size|
|Cleveland Opportunity Zone Fund Premium Listing||Real Estate||Industrial, Mixed-Use, Multi-Family Housing, Storage||$50M|
|Nest Opportunity Fund Premium Listing||Real Estate||Multi-Family Housing, Residential||$50M|
|Accredited Capital||Real Estate||Multi-Family Housing, Residential, Single-Family Housing||$25M|
|Alpha Opportunity Zone Fund I||Real Estate||Affordable Housing, Residential, Student Housing||$250M|
|CLE OZ Fund||Real Estate||Commercial||$20M|
|Community Outcome Fund||Business, Real Estate||Commercial, Infrastructure, Mixed-Use, Residential||$500M|
|Kunst QOZF||Real Estate||Multi-Family Housing||$10M|
|Milhaus QOZ Fund II||Real Estate||Commercial, Mixed-Use, Multi-Family Housing||$78M|
|Woodforest CEI-Boulos Opportunity Fund||Real Estate||Workforce Housing||$22M|
There are no Opportunity Zone Funds in the OpportunityDb databasewith a focus specifically on Ohio properties.