Multifamily Investor Expo - Feb 15th
Census Tract 2047.01, Salem, Massachusetts
Census Tract 2047.01 is a Low-Income CommunityOpportunity Zone located in Salem, Massachusetts.
This 2.8 square milecensus tract has a population of approximately 6,000and is one of 20 Opportunity Zones in Essex County.
The adjacent map shows the location of this Opportunity Zone in Massachusetts.
Census Tract 2047.01 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 $70,000, which is 19% 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 12%, which is 3% higherthan the rate for the state of Massachusetts of 9.4%.
Median Home Value
This Opportunity Zone has a median home valueof approximately $370,000, which is 12% 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 91%, which is 0% lowerthan the rate for the state of Massachusetts of 91%.
This Opportunity Zone has a median ageof approximately 38, which is 5% 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.