Census Tract 7262, Spencer, Massachusetts

Census Tract 7262 is a Low-Income CommunityOpportunity Zone located in Spencer, Massachusetts.

This 2.1 square milecensus tract has a population of approximately 5,800and is one of 20 Opportunity Zones in Worcester County.

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

Census Tract 7262 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

12%

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

$223K

This Opportunity Zone has a median home valueof approximately $220,000, which is 48% lowerthan the median home value for the state of Massachusetts of $420,000.

Education

87%

This Opportunity Zone has a percentage of population with high school diplomaof approximately 87%, which is 4% lowerthan the rate for the state of Massachusetts of 91%.

Median Age

45

This Opportunity Zone has a median ageof approximately 45, which is 13% 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.

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