Census Tract 7020 is a Low-Income CommunityOpportunity Zone located in Silver Spring, Maryland.
This 0.4 square milecensus tract has a population of approximately 5,700and is one of 14 Opportunity Zones in Montgomery County.
The adjacent map shows the location of this Opportunity Zone in Maryland.
Census Tract 7020 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 $57,000, which is 34% 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 16%, which is 7% higherthan the rate for the state of Maryland of 9%.
Median Home Value
This Opportunity Zone has a median home valueof approximately $310,000, which is 6% 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 53%, which is 37% lowerthan the rate for the state of Maryland of 90%.
This Opportunity Zone has a median ageof approximately 30, which is 23% 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.