OZ Pitch Day - July 20, 2023
Census Tract 718.05, Lakewood, Washington
Census Tract 718.05 is a Low-Income CommunityOpportunity Zone located in Lakewood, Washington.
This 0.5 square milecensus tract has a population of approximately 3,800and is one of 12 Opportunity Zones in Pierce County.
The adjacent map shows the location of this Opportunity Zone in Washington.
Census Tract 718.05 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 $32,000, which is 59% lowerthan the median household income for the state of Washington of $79,000.
The percentage of households below the poverty line in this Opportunity Zone is 37%, which is 27% higherthan the rate for the state of Washington of 9.8%.
Median Home Value
This Opportunity Zone has a median home valueof approximately $160,000, which is 59% lowerthan the median home value for the state of Washington of $390,000.
This Opportunity Zone has a percentage of population with high school diplomaof approximately 81%, which is 11% lowerthan the rate for the state of Washington of 92%.
This Opportunity Zone has a median ageof approximately 31, which is 18% lowerthan the median age for the state of Washington of 38.
Washington OZ Funds
There are 16QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify Washingtonas a target market. Additional OZ funds may also invest in Washington; see a complete list of Opportunity Zone Funds here.
There are no Opportunity Zone Funds in the OpportunityDb databasewith a focus specifically on Washington properties.