OZ Pitch Day - June 13, 2024
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OZ Pitch Day - June 13, 2024
Census Tract 3515, Somerville, Massachusetts
Census Tract 3515 is a Low-Income CommunityOpportunity Zone located in Somerville, Massachusetts.
This 0.5 square milecensus tract has a population of approximately 2,300and is one of 16 Opportunity Zones in Middlesex County.
The adjacent map shows the location of this Opportunity Zone in Massachusetts.
Census Tract 3515 Demographics
The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:
Median Household Income
$77K |
This Opportunity Zone has a median household incomeof approximately $77,000, which is 10% lowerthan the median household income for the state of Massachusetts of $86,000.
Poverty Rate
16% |
The percentage of households below the poverty line in this Opportunity Zone is 16%, which is 7% higherthan the rate for the state of Massachusetts of 9.4%.
Median Home Value
$465K |
This Opportunity Zone has a median home valueof approximately $470,000, which is 12% higherthan the median home value for the state of Massachusetts of $420,000.
Education
85% |
This Opportunity Zone has a percentage of population with high school diplomaof approximately 85%, which is 6% lowerthan the rate for the state of Massachusetts of 91%.
Median Age
37 |
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.