OZ Pitch Day - July 20, 2023
Census Tract 9633, Ravenswood, West Virginia
Census Tract 9633 is a Low-Income CommunityOpportunity Zone located in Ravenswood, West Virginia.
This 14 square milecensus tract has a population of approximately 4,300and is one of 2 Opportunity Zones in Jackson County.
The adjacent map shows the location of this Opportunity Zone in West Virginia.
Census Tract 9633 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 $36,000, which is 27% lowerthan the median household income for the state of West Virginia of $49,000.
The percentage of households below the poverty line in this Opportunity Zone is 27%, which is 11% higherthan the rate for the state of West Virginia of 16%.
Median Home Value
This Opportunity Zone has a median home valueof approximately $90,000, which is 25% lowerthan the median home value for the state of West Virginia of $120,000.
This Opportunity Zone has a percentage of population with high school diplomaof approximately 91%, which is 4% higherthan the rate for the state of West Virginia of 87%.
This Opportunity Zone has a median ageof approximately 37, which is 14% lowerthan the median age for the state of West Virginia of 43.
West Virginia OZ Funds
There are 2QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify West Virginiaas a target market. Additional OZ funds may also invest in West Virginia; see a complete list of Opportunity Zone Funds here.
|Fund Name||Asset Classes||Property Types||Fund Size|
|Accredited Capital||Real Estate||Multi-Family Housing, Residential, Single-Family Housing||$25M|
|Woodforest CEI-Boulos Opportunity Fund||Real Estate||Workforce Housing||$22M|
There are no Opportunity Zone Funds in the OpportunityDb databasewith a focus specifically on West Virginia properties.