Census Tract 511, Bound Brook, New Jersey

Census Tract 511 is a Low-Income CommunityOpportunity Zone located in Bound Brook, New Jersey.

This 0.4 square milecensus tract has a population of approximately 3,200and is one of 3 Opportunity Zones in Somerset County.

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

Census Tract 511 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

$55K

This Opportunity Zone has a median household incomeof approximately $55,000, which is 36% lowerthan the median household income for the state of New Jersey of $86,000.

Poverty Rate

16%

The percentage of households below the poverty line in this Opportunity Zone is 16%, which is 7% higherthan the rate for the state of New Jersey of 9.2%.

Median Home Value

$261K

This Opportunity Zone has a median home valueof approximately $260,000, which is 26% lowerthan the median home value for the state of New Jersey of $350,000.

Education

84%

This Opportunity Zone has a percentage of population with high school diplomaof approximately 84%, which is 6% 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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