Census Tract 5 is a Low-Income CommunityOpportunity Zone located in Fredericksburg, Virginia.
This 4.5 square milecensus tract has a population of approximately 8,300and is one of 2 Opportunity Zones in Fredericksburg city.
The adjacent map shows the location of this Opportunity Zone in Virginia.
Census Tract 5 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 $81,000, which is 7% higherthan the median household income for the state of Virginia of $76,000.
The percentage of households below the poverty line in this Opportunity Zone is 13%, which is 3% higherthan the rate for the state of Virginia of 9.9%.
Median Home Value
This Opportunity Zone has a median home valueof approximately $380,000, which is 31% higherthan the median home value for the state of Virginia of $290,000.
This Opportunity Zone has a percentage of population with high school diplomaof approximately 88%, which is 2% lowerthan the rate for the state of Virginia of 90%.
This Opportunity Zone has a median ageof approximately 29, which is 26% lowerthan the median age for the state of Virginia of 39.
Virginia OZ Funds
There are 12QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify Virginiaas a target market. Additional OZ funds may also invest in Virginia; see a complete list of Opportunity Zone Funds here.
There are no Opportunity Zone Funds in the OpportunityDb databasewith a focus specifically on Virginia properties.