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:
Median Household Income
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.
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
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.
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%.
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.
There are no Opportunity Zone Funds in the OpportunityDb databasewith a focus specifically on Maryland properties.