OZ Pitch Day - June 13, 2024
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OZ Pitch Day - June 13, 2024
Census Tract 56, Philadelphia, Pennsylvania
Census Tract 56 is a Low-Income CommunityOpportunity Zone located in Philadelphia, Pennsylvania.
This 0.3 square milecensus tract has a population of approximately 1,200and is one of 82 Opportunity Zones in Philadelphia County.
The adjacent map shows the location of this Opportunity Zone in Pennsylvania.
Census Tract 56 Demographics
The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:
Median Household Income
$29K |
This Opportunity Zone has a median household incomeof approximately $29,000, which is 54% lowerthan the median household income for the state of Pennsylvania of $63,000.
Poverty Rate
27% |
The percentage of households below the poverty line in this Opportunity Zone is 27%, which is 15% higherthan the rate for the state of Pennsylvania of 12%.
Median Home Value
$133K |
This Opportunity Zone has a median home valueof approximately $130,000, which is 32% lowerthan the median home value for the state of Pennsylvania of $190,000.
Education
79% |
This Opportunity Zone has a percentage of population with high school diplomaof approximately 79%, which is 12% lowerthan the rate for the state of Pennsylvania of 91%.
Median Age
29 |
This Opportunity Zone has a median ageof approximately 29, which is 29% lowerthan 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.