Census Tract 398, Elizabeth, New Jersey

Census Tract 398 is a Low-Income CommunityOpportunity Zone located in Elizabeth, New Jersey.

This 5.5 square milecensus tract has a population of approximately 4,900and is one of 11 Opportunity Zones in Union County.

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

Census Tract 398 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

32%

The percentage of households below the poverty line in this Opportunity Zone is 32%, which is 23% higherthan the rate for the state of New Jersey of 9.2%.

Median Home Value

$265K

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

58%

This Opportunity Zone has a percentage of population with high school diplomaof approximately 58%, which is 32% lowerthan the rate for the state of New Jersey of 90%.

Median Age

29

This Opportunity Zone has a median ageof approximately 29, which is 27% 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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