OZ Pitch Day - June 13, 2024
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OZ Pitch Day - June 13, 2024
Census Tract 1103, Newcastle, Utah
Census Tract 1103 is a Low-Income CommunityOpportunity Zone located in Newcastle, Utah.
This 1,700 square milecensus tract has a population of approximately 4,100and is one of 2 Opportunity Zones in Iron County.
The adjacent map shows the location of this Opportunity Zone in Utah.
Census Tract 1103 Demographics
The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:
Median Household Income
$59K |
This Opportunity Zone has a median household incomeof approximately $59,000, which is 22% lowerthan the median household income for the state of Utah of $76,000.
Poverty Rate
17% |
The percentage of households below the poverty line in this Opportunity Zone is 17%, which is 8% higherthan the rate for the state of Utah of 8.9%.
Median Home Value
$228K |
This Opportunity Zone has a median home valueof approximately $230,000, which is 30% lowerthan the median home value for the state of Utah of $330,000.
Education
87% |
This Opportunity Zone has a percentage of population with high school diplomaof approximately 87%, which is 6% lowerthan the rate for the state of Utah of 93%.
Median Age
35 |
This Opportunity Zone has a median ageof approximately 35, which is 13% higherthan the median age for the state of Utah of 31.
Utah OZ Funds
There are 12QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify Utahas a target market. Additional OZ funds may also invest in Utah; see a complete list of Opportunity Zone Funds here.