Census Tract 1823.02, Paterson, New Jersey

Census Tract 1823.02 is a Low-Income CommunityOpportunity Zone located in Paterson, New Jersey.

This 0.2 square milecensus tract has a population of approximately 6,000and is one of 15 Opportunity Zones in Passaic County.

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

Census Tract 1823.02 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

$40K

This Opportunity Zone has a median household incomeof approximately $40,000, which is 53% lowerthan the median household income for the state of New Jersey of $86,000.

Poverty Rate

30%

The percentage of households below the poverty line in this Opportunity Zone is 30%, which is 21% higherthan the rate for the state of New Jersey of 9.2%.

Median Home Value

$238K

This Opportunity Zone has a median home valueof approximately $240,000, which is 31% 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

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.

Similar Opportunity Zones

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