OZ Pitch Day - July 20, 2023
Census Tract 502.42, Carolina, Puerto Rico
Census Tract 502.42 is a Low-Income CommunityOpportunity Zone located in Carolina, Puerto Rico.
This 0.4 square milecensus tract has a population of approximately 4,400and is one of 34 Opportunity Zones in Carolina Municipio.
The adjacent map shows the location of this Opportunity Zone in Puerto Rico.
Census Tract 502.42 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 15% higherthan the median household income for the state of Puerto Rico of $20,000.
The percentage of households below the poverty line in this Opportunity Zone is 35%, which is 8% lowerthan the rate for the state of Puerto Rico of 43%.
Median Home Value
This Opportunity Zone has a median home valueof approximately $120,000, which is 9% higherthan the median home value for the state of Puerto Rico of $110,000.
This Opportunity Zone has a percentage of population with high school diplomaof approximately 86%, which is 7% higherthan the rate for the state of Puerto Rico of 79%.
This Opportunity Zone has a median ageof approximately 45, which is 5% higherthan the median age for the state of Puerto Rico of 43.
Puerto Rico OZ Funds
There are 4QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify Puerto Ricoas a target market. Additional OZ funds may also invest in Puerto Rico; see a complete list of Opportunity Zone Funds here.
|Fund Name||Asset Classes||Property Types||Fund Size|
|Community Outcome Fund||Business, Real Estate||Commercial, Infrastructure, Mixed-Use, Residential||$500M|
|HDP QOF||Real Estate||Hotel||$19M|
|Puerto Rico Opportunity Fund||Business, Real Estate||Affordable Housing, Commercial, Energy Development, Hotel, Infrastructure, Mixed-Use, Residential, Student Housing||$150M|
|Wefunder Puerto Rico Opportunity Fund||Business||$100K|
There are no Opportunity Zone Funds in the OpportunityDb databasewith a focus specifically on Puerto Rico properties.