OZ Pitch Day - June 13, 2024
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OZ Pitch Day - June 13, 2024
Census Tract 7.01, Parkersburg, West Virginia
Census Tract 7.01 is a Low-Income CommunityOpportunity Zone located in Parkersburg, West Virginia.
This 0.8 square milecensus tract has a population of approximately 2,500and is one of 2 Opportunity Zones in Wood County.
The adjacent map shows the location of this Opportunity Zone in West Virginia.
Census Tract 7.01 Demographics
The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:
Median Household Income
$23K |
This Opportunity Zone has a median household incomeof approximately $23,000, which is 53% lowerthan the median household income for the state of West Virginia of $49,000.
Poverty Rate
38% |
The percentage of households below the poverty line in this Opportunity Zone is 38%, which is 22% higherthan the rate for the state of West Virginia of 16%.
Median Home Value
$77K |
This Opportunity Zone has a median home valueof approximately $77,000, which is 36% lowerthan the median home value for the state of West Virginia of $120,000.
Education
74% |
This Opportunity Zone has a percentage of population with high school diplomaof approximately 74%, which is 13% lowerthan the rate for the state of West Virginia of 87%.
Median Age
38 |
This Opportunity Zone has a median ageof approximately 38, which is 12% 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 |