Census Tract 48.02, Newark, New Jersey

Census Tract 48.02 is a Low-Income CommunityOpportunity Zone located in Newark, New Jersey.

This 0.9 square milecensus tract has a population of approximately 2,700and is one of 23 Opportunity Zones in Essex County.

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

Census Tract 48.02 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

$15K

This Opportunity Zone has a median household incomeof approximately $15,000, which is 83% lowerthan the median household income for the state of New Jersey of $86,000.

Poverty Rate

41%

The percentage of households below the poverty line in this Opportunity Zone is 41%, which is 32% higherthan the rate for the state of New Jersey of 9.2%.

Median Home Value

$186K

This Opportunity Zone has a median home valueof approximately $190,000, which is 46% lowerthan the median home value for the state of New Jersey of $350,000.

Education

66%

This Opportunity Zone has a percentage of population with high school diplomaof approximately 66%, which is 24% lowerthan the rate for the state of New Jersey of 90%.

Median Age

49

This Opportunity Zone has a median ageof approximately 49, which is 23% higherthan the median age for the state of New Jersey of 40.

New Jersey OZ Funds

There are 6QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify New Jerseyas a target market. Additional OZ funds may also invest in New Jersey; see a complete list of Opportunity Zone Funds here.

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