Census Tract 308, Newport News, Virginia

Census Tract 308 is a Low-Income CommunityOpportunity Zone located in Newport News, Virginia.

This 0.7 square milecensus tract has a population of approximately 1,700and is one of 7 Opportunity Zones in Newport News city.

The adjacent map shows the location of this Opportunity Zone in Virginia.

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Census Tract 308 Demographics

The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:

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Median Household Income

$38K

This Opportunity Zone has a median household incomeof approximately $38,000, which is 50% lowerthan the median household income for the state of Virginia of $76,000.

Poverty Rate

40%

The percentage of households below the poverty line in this Opportunity Zone is 40%, which is 30% higherthan the rate for the state of Virginia of 9.9%.

Median Home Value

$102K

This Opportunity Zone has a median home valueof approximately $100,000, which is 66% lowerthan the median home value for the state of Virginia of $290,000.

Education

85%

This Opportunity Zone has a percentage of population with high school diplomaof approximately 85%, which is 5% lowerthan the rate for the state of Virginia of 90%.

Median Age

31

This Opportunity Zone has a median ageof approximately 31, which is 21% 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.

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