OZ Pitch Day - June 13, 2024
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OZ Pitch Day - June 13, 2024
Census Tract 4, New Castle, Pennsylvania
Census Tract 4 is a Low-Income CommunityOpportunity Zone located in New Castle, Pennsylvania.
This 1 square milecensus tract has a population of approximately 1,700and is one of 4 Opportunity Zones in Lawrence County.
The adjacent map shows the location of this Opportunity Zone in Pennsylvania.
Census Tract 4 Demographics
The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:
Median Household Income
$16K |
This Opportunity Zone has a median household incomeof approximately $16,000, which is 75% lowerthan the median household income for the state of Pennsylvania of $63,000.
Poverty Rate
53% |
The percentage of households below the poverty line in this Opportunity Zone is 53%, which is 41% higherthan the rate for the state of Pennsylvania of 12%.
Median Home Value
$38K |
This Opportunity Zone has a median home valueof approximately $38,000, which is 80% lowerthan the median home value for the state of Pennsylvania of $190,000.
Education
82% |
This Opportunity Zone has a percentage of population with high school diplomaof approximately 82%, which is 9% lowerthan the rate for the state of Pennsylvania of 91%.
Median Age
43 |
This Opportunity Zone has a median ageof approximately 43, which is 5% higherthan the median age for the state of Pennsylvania of 41.
Pennsylvania OZ Funds
There are 10QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify Pennsylvaniaas a target market. Additional OZ funds may also invest in Pennsylvania; see a complete list of Opportunity Zone Funds here.