Census Tract 57.01, Norfolk, Virginia

Census Tract 57.01 is a Low-Income CommunityOpportunity Zone located in Norfolk, Virginia.

This 0.8 square milecensus tract has a population of approximately 5,000and is one of 16 Opportunity Zones in Norfolk city.

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

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Census Tract 57.01 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

$36K

This Opportunity Zone has a median household incomeof approximately $36,000, which is 53% lowerthan the median household income for the state of Virginia of $76,000.

Poverty Rate

29%

The percentage of households below the poverty line in this Opportunity Zone is 29%, which is 19% higherthan the rate for the state of Virginia of 9.9%.

Median Home Value

$155K

This Opportunity Zone has a median home valueof approximately $160,000, which is 45% lowerthan the median home value for the state of Virginia of $290,000.

Education

84%

This Opportunity Zone has a percentage of population with high school diplomaof approximately 84%, which is 6% lowerthan the rate for the state of Virginia of 90%.

Median Age

33

This Opportunity Zone has a median ageof approximately 33, which is 15% 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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