OZ Pitch Day - June 13, 2024
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OZ Pitch Day - June 13, 2024
Census Tract 11, Cumberland, Maryland
Census Tract 11 is a Low-Income CommunityOpportunity Zone located in Cumberland, Maryland.
This 0.3 square milecensus tract has a population of approximately 1,300and is one of 4 Opportunity Zones in Allegany County.
The adjacent map shows the location of this Opportunity Zone in Maryland.
Census Tract 11 Demographics
The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:
Median Household Income
$40K |
This Opportunity Zone has a median household incomeof approximately $40,000, which is 54% lowerthan the median household income for the state of Maryland of $87,000.
Poverty Rate
22% |
The percentage of households below the poverty line in this Opportunity Zone is 22%, which is 13% higherthan the rate for the state of Maryland of 9%.
Median Home Value
$159K |
This Opportunity Zone has a median home valueof approximately $160,000, which is 52% lowerthan the median home value for the state of Maryland of $330,000.
Education
91% |
This Opportunity Zone has a percentage of population with high school diplomaof approximately 91%, which is 1% higherthan the rate for the state of Maryland of 90%.
Median Age
48 |
This Opportunity Zone has a median ageof approximately 48, which is 23% higherthan 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.