Census Tract 8, Cumberland, Maryland

Census Tract 8 is a Low-Income CommunityOpportunity Zone located in Cumberland, Maryland.

This 1.3 square milecensus tract has a population of approximately 2,000and is one of 4 Opportunity Zones in Allegany County.

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

Census Tract 8 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

$31K

This Opportunity Zone has a median household incomeof approximately $31,000, which is 64% lowerthan the median household income for the state of Maryland of $87,000.

Poverty Rate

32%

The percentage of households below the poverty line in this Opportunity Zone is 32%, which is 23% higherthan the rate for the state of Maryland of 9%.

Median Home Value

$83K

This Opportunity Zone has a median home valueof approximately $83,000, which is 75% lowerthan the median home value for the state of Maryland of $330,000.

Education

85%

This Opportunity Zone has a percentage of population with high school diplomaof approximately 85%, which is 5% lowerthan the rate for the state of Maryland of 90%.

Median Age

35

This Opportunity Zone has a median ageof approximately 35, which is 10% lowerthan the median age for the state of Maryland of 39.

Maryland OZ Funds

There are 7QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify Marylandas a target market. Additional OZ funds may also invest in Maryland; see a complete list of Opportunity Zone Funds here.

Similar Opportunity Zones

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