OZ Pitch Day - June 13, 2024
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OZ Pitch Day - June 13, 2024
Census Tract 5, Lynchburg, Virginia
Census Tract 5 is a Low-Income CommunityOpportunity Zone located in Lynchburg, Virginia.
This 0.2 square milecensus tract has a population of approximately 600and is one of 4 Opportunity Zones in Lynchburg 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
$34K |
This Opportunity Zone has a median household incomeof approximately $34,000, which is 55% lowerthan the median household income for the state of Virginia of $76,000.
Poverty Rate
32% |
The percentage of households below the poverty line in this Opportunity Zone is 32%, which is 22% higherthan the rate for the state of Virginia of 9.9%.
Median Home Value
$223K |
This Opportunity Zone has a median home valueof approximately $220,000, which is 24% lowerthan the median home value for the state of Virginia of $290,000.
Education
99% |
This Opportunity Zone has a percentage of population with high school diplomaof approximately 99%, which is 9% higherthan the rate for the state of Virginia of 90%.
Median Age
28 |
This Opportunity Zone has a median ageof approximately 28, which is 28% 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.