OZ Pitch Day - July 20, 2023
Census Tract 78.04, Washington, District of Columbia
Census Tract 78.04 is a Low-Income CommunityOpportunity Zone located in Washington, District of Columbia.
This 0.3 square milecensus tract has a population of approximately 4,200and is one of 25 Opportunity Zones in District of Columbia.
The adjacent map shows the location of this Opportunity Zone in District of Columbia.
Census Tract 78.04 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 $54,000, which is 41% lowerthan the median household income for the city of District of Columbia of $92,000.
The percentage of households below the poverty line in this Opportunity Zone is 27%, which is 14% higherthan the rate for the city of District of Columbia of 13%.
Median Home Value
This Opportunity Zone has a median home valueof approximately $330,000, which is 49% lowerthan the median home value for the city of District of Columbia of $650,000.
This Opportunity Zone has a percentage of population with high school diplomaof approximately 82%, which is 10% lowerthan the rate for the city of District of Columbia of 92%.
This Opportunity Zone has a median ageof approximately 30, which is 12% lowerthan the median age for the city of District of Columbia of 34.
District of Columbia OZ Funds
There are 5QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify District of Columbiaas a target market. Additional OZ funds may also invest in District of Columbia; see a complete list of Opportunity Zone Funds here.
|Fund Name||Asset Classes||Property Types||Fund Size|
|Javelin 19 Investments||Business, Real Estate||Mixed-Use, Residential, Student Housing|
|Redbrick Opportunity Fund II, LLC||Business, Real Estate||Affordable Housing, Mixed-Use, Office||$150M|
|Revolution Wealth Opportunity Zone Fund||Business, Real Estate||Energy Development, Infrastructure, Mixed-Use||$6B|
|St. Elizabeths Opportunity Fund, LLC||Real Estate||Commercial, Mixed-Use, Office||$65M|
|Strategic Rivermont OZ Fund, LLC||Real Estate||Commercial, Energy Development, Hotel, Mixed-Use, Residential, Stadiums and Arenas, Student Housing||$100M|
There are no Opportunity Zone Funds in the OpportunityDb databasewith a focus specifically on District of Columbia properties.