Opportunity Zones for Student Housing- Interactive Map
Martens Appraisal researchers came across this article with a very useful interactive map of Opportunity Zones and universities. As an asset class, Student Housing stands to benefit from the Opportunity Zones, as explained below.
Specific asset classes have the potential to benefit from Opportunity Zones, Student Housing is one of the first that come up.
This is because college towns tend to have high-density populations of students who are intentionally unemployed while attending school full-time. In many cases, these colleges are expensive to attend and the student population is not actually in economic distress, but because the income levels are skewed downward by the large number of full-time students, they can present an interesting situation for developers of student housing properties.
The map below helps illustrate these potential locations. The map below shows all universities in the United States, along with all Opportunity Zones in grey. The Opportunity Zones within 3mi of campus are shown in red. This is an improvement over the previous version, which only showed the Opportunity Zones within 1mi of campus. Most Student Housing is located within one mile of campus, however the university locations are currently points, not campus boundaries, so a 1mi radius may exclude areas that are actually within 1mi of the edge of campus. To illustrate this, we also added buffer rings showing 1, 3, 5 mile radii.
Clicking on the university will show you some detail, as will clicking on the census tract.
MAP FEATURES (SCROLL TO BOTTOM OF PAGE FOR LINK TO INTERACTIVE MAP):
Unfortunately, it only shows universities with over 20,000 full-time students, so Wichita State does not quite make the cut, but you can still see the zones around the campus
Here is the link if you want to check it out!