OZ Pitch Day - March 23rd
Census Tract 104, Rapid City, South Dakota
Census Tract 104 is a Low-Income CommunityOpportunity Zone located in Rapid City, South Dakota.
This 1.5 square milecensus tract has a population of approximately 3,900and is one of 4 Opportunity Zones in Pennington County.
The adjacent map shows the location of this Opportunity Zone in South Dakota.
Census Tract 104 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 $35,000, which is 42% lowerthan the median household income for the state of South Dakota of $60,000.
The percentage of households below the poverty line in this Opportunity Zone is 31%, which is 19% higherthan the rate for the state of South Dakota of 12%.
Median Home Value
This Opportunity Zone has a median home valueof approximately $110,000, which is 42% lowerthan the median home value for the state of South Dakota of $190,000.
This Opportunity Zone has a percentage of population with high school diplomaof approximately 86%, which is 6% lowerthan the rate for the state of South Dakota of 92%.
This Opportunity Zone has a median ageof approximately 35, which is 8% lowerthan the median age for the state of South Dakota of 38.
South Dakota OZ Funds
There are 2QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify South Dakotaas a target market. Additional OZ funds may also invest in South 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|
|Elite Opportunity Fund, Inc.||Business||Energy Development||$250M|
There are no Opportunity Zone Funds in the OpportunityDb databasewith a focus specifically on South Dakota properties.