Census Tract 74, Newark, New Jersey

Census Tract 74 is a Low-Income CommunityOpportunity Zone located in Newark, New Jersey.

This 1.4 square milecensus tract has a population of approximately 5,400and is one of 23 Opportunity Zones in Essex County.

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

Census Tract 74 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

$53K

This Opportunity Zone has a median household incomeof approximately $53,000, which is 38% lowerthan the median household income for the state of New Jersey of $86,000.

Poverty Rate

20%

The percentage of households below the poverty line in this Opportunity Zone is 20%, which is 11% higherthan the rate for the state of New Jersey of 9.2%.

Median Home Value

$282K

This Opportunity Zone has a median home valueof approximately $280,000, which is 20% lowerthan the median home value for the state of New Jersey of $350,000.

Education

69%

This Opportunity Zone has a percentage of population with high school diplomaof approximately 69%, which is 21% lowerthan the rate for the state of New Jersey of 90%.

Median Age

37

This Opportunity Zone has a median ageof approximately 37, which is 7% lowerthan 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.

Similar Opportunity Zones

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