OZ Pitch Day - July 20, 2023
Census Tract 2042, Salem, Massachusetts
Census Tract 2042 is a Low-Income CommunityOpportunity Zone located in Salem, Massachusetts.
This 0.4 square milecensus tract has a population of approximately 4,900and is one of 20 Opportunity Zones in Essex County.
The adjacent map shows the location of this Opportunity Zone in Massachusetts.
Census Tract 2042 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 $55,000, which is 36% lowerthan the median household income for the state of Massachusetts of $86,000.
The percentage of households below the poverty line in this Opportunity Zone is 26%, which is 17% higherthan the rate for the state of Massachusetts of 9.4%.
Median Home Value
This Opportunity Zone has a median home valueof approximately $380,000, which is 10% lowerthan the median home value for the state of Massachusetts of $420,000.
This Opportunity Zone has a percentage of population with high school diplomaof approximately 90%, which is 1% lowerthan the rate for the state of Massachusetts of 91%.
This Opportunity Zone has a median ageof approximately 37, which is 7% lowerthan 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.
There are no Opportunity Zone Funds in the OpportunityDb databasewith a focus specifically on Massachusetts properties.