OZ Pitch Day - June 13, 2024
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OZ Pitch Day - June 13, 2024
Census Tract 6518, New Bedford, Massachusetts
Census Tract 6518 is a Low-Income CommunityOpportunity Zone located in New Bedford, Massachusetts.
This 0.3 square milecensus tract has a population of approximately 1,900and is one of 12 Opportunity Zones in Bristol County.
The adjacent map shows the location of this Opportunity Zone in Massachusetts.
Census Tract 6518 Demographics
The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:
Median Household Income
$14K |
This Opportunity Zone has a median household incomeof approximately $14,000, which is 84% lowerthan the median household income for the state of Massachusetts of $86,000.
Poverty Rate
53% |
The percentage of households below the poverty line in this Opportunity Zone is 53%, which is 44% higherthan the rate for the state of Massachusetts of 9.4%.
Median Home Value
$213K |
This Opportunity Zone has a median home valueof approximately $210,000, which is 50% lowerthan the median home value for the state of Massachusetts of $420,000.
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 Massachusetts of 91%.
Median Age
46 |
This Opportunity Zone has a median ageof approximately 46, which is 15% higherthan the median age for the state of Massachusetts of 40.
Massachusetts OZ Funds
There are 11QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify Massachusettsas a target market. Additional OZ funds may also invest in Massachusetts; see a complete list of Opportunity Zone Funds here.