Census Tract 47, Jersey City, New Jersey

Census Tract 47 is a Low-Income CommunityOpportunity Zone located in Jersey City, New Jersey.

This 0.3 square milecensus tract has a population of approximately 2,500and is one of 21 Opportunity Zones in Hudson County.

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

Census Tract 47 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

$62K

This Opportunity Zone has a median household incomeof approximately $62,000, which is 28% lowerthan the median household income for the state of New Jersey of $86,000.

Poverty Rate

22%

The percentage of households below the poverty line in this Opportunity Zone is 22%, which is 13% higherthan the rate for the state of New Jersey of 9.2%.

Median Home Value

$365K

This Opportunity Zone has a median home valueof approximately $360,000, which is 3% higherthan the median home value for the state of New Jersey of $350,000.

Education

89%

This Opportunity Zone has a percentage of population with high school diplomaof approximately 89%, which is 1% lowerthan the rate for the state of New Jersey of 90%.

Median Age

35

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