Census Tract 75.02, Newark, New Jersey

Census Tract 75.02 is a Low-Income CommunityOpportunity Zone located in Newark, New Jersey.

This 0.7 square milecensus tract has a population of approximately 2,600and is one of 23 Opportunity Zones in Essex County.

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

Census Tract 75.02 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

$38K

This Opportunity Zone has a median household incomeof approximately $38,000, which is 56% lowerthan the median household income for the state of New Jersey of $86,000.

Poverty Rate

34%

The percentage of households below the poverty line in this Opportunity Zone is 34%, which is 25% higherthan the rate for the state of New Jersey of 9.2%.

Median Home Value

$280K

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

71%

This Opportunity Zone has a percentage of population with high school diplomaof approximately 71%, which is 19% lowerthan the rate for the state of New Jersey of 90%.

Median Age

34

This Opportunity Zone has a median ageof approximately 34, which is 15% 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.

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