Census Tract 8703, New London, Connecticut

Census Tract 8703 is a Low-Income CommunityOpportunity Zone located in New London, Connecticut.

This 1.5 square milecensus tract has a population of approximately 6,400and is one of 7 Opportunity Zones in New London County.

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

Census Tract 8703 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

$25K

This Opportunity Zone has a median household incomeof approximately $25,000, which is 68% lowerthan the median household income for the state of Connecticut of $79,000.

Poverty Rate

41%

The percentage of households below the poverty line in this Opportunity Zone is 41%, which is 31% higherthan the rate for the state of Connecticut of 10%.

Median Home Value

$146K

This Opportunity Zone has a median home valueof approximately $150,000, which is 46% lowerthan the median home value for the state of Connecticut of $280,000.

Education

76%

This Opportunity Zone has a percentage of population with high school diplomaof approximately 76%, which is 15% lowerthan the rate for the state of Connecticut of 91%.

Median Age

22

This Opportunity Zone has a median ageof approximately 22, which is 46% lowerthan the median age for the state of Connecticut of 41.

Connecticut OZ Funds

There are 3QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify Connecticutas a target market. Additional OZ funds may also invest in Connecticut; see a complete list of Opportunity Zone Funds here.

Similar Opportunity Zones

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