Census Tract 1604, Chelsea, Massachusetts

Census Tract 1604 is a Low-Income CommunityOpportunity Zone located in Chelsea, Massachusetts.

This 0.5 square milecensus tract has a population of approximately 3,300and is one of 18 Opportunity Zones in Suffolk County.

The adjacent map shows the location of this Opportunity Zone in Massachusetts.

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Census Tract 1604 Demographics

The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:

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Median Household Income

$59K

This Opportunity Zone has a median household incomeof approximately $59,000, which is 31% lowerthan the median household income for the state of Massachusetts of $86,000.

Poverty Rate

18%

The percentage of households below the poverty line in this Opportunity Zone is 18%, which is 9% higherthan the rate for the state of Massachusetts of 9.4%.

Median Home Value

$369K

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.

Education

68%

This Opportunity Zone has a percentage of population with high school diplomaof approximately 68%, which is 23% lowerthan the rate for the state of Massachusetts of 91%.

Median Age

35

This Opportunity Zone has a median ageof approximately 35, which is 12% 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.

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