Census Tract 8034, Red Bank, New Jersey

Census Tract 8034 is a Low-Income CommunityOpportunity Zone located in Red Bank, New Jersey.

This 0.7 square milecensus tract has a population of approximately 5,000and is one of 8 Opportunity Zones in Monmouth County.

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

Census Tract 8034 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

$47K

This Opportunity Zone has a median household incomeof approximately $47,000, which is 45% lowerthan the median household income for the state of New Jersey of $86,000.

Poverty Rate

23%

The percentage of households below the poverty line in this Opportunity Zone is 23%, which is 14% higherthan the rate for the state of New Jersey of 9.2%.

Median Home Value

$271K

This Opportunity Zone has a median home valueof approximately $270,000, which is 23% lowerthan the median home value for the state of New Jersey of $350,000.

Education

63%

This Opportunity Zone has a percentage of population with high school diplomaof approximately 63%, which is 27% lowerthan the rate for the state of New Jersey of 90%.

Median Age

32

This Opportunity Zone has a median ageof approximately 32, which is 20% 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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