Census Tract 47 is a Low-Income CommunityOpportunity Zone located in Norfolk, Virginia.
This 0.5 square milecensus tract has a population of approximately 3,000and is one of 16 Opportunity Zones in Norfolk city.
The adjacent map shows the location of this Opportunity Zone in Virginia.
Census Tract 47 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 $51,000, which is 33% lowerthan 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 14%, which is 4% higherthan the rate for the state of Virginia of 9.9%.
Median Home Value
This Opportunity Zone has a median home valueof approximately $190,000, which is 34% lowerthan 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 76%, which is 14% lowerthan the rate for the state of Virginia of 90%.
This Opportunity Zone has a median ageof approximately 20, which is 49% 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.