Multifamily Investor Expo - Feb 15th
Census Tract 389, New York, New York
Census Tract 389 is a Low-Income CommunityOpportunity Zone located in New York, New York.
This 0.1 square milecensus tract has a population of approximately 5,500and is one of 75 Opportunity Zones in Bronx County.
The adjacent map shows the location of this Opportunity Zone in New York.
Census Tract 389 Demographics
The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:
Median Household Income
This Opportunity Zone has a median household incomeof approximately $37,000, which is 49% lowerthan the median household income for the state of New York of $72,000.
The percentage of households below the poverty line in this Opportunity Zone is 42%, which is 29% higherthan the rate for the state of New York of 13%.
Median Home Value
This Opportunity Zone has a median home valueof approximately $510,000, which is 50% higherthan the median home value for the state of New York of $340,000.
This Opportunity Zone has a percentage of population with high school diplomaof approximately 63%, which is 25% lowerthan the rate for the state of New York of 88%.
This Opportunity Zone has a median ageof approximately 26, which is 33% lowerthan the median age for the state of New York of 39.
New York OZ Funds
There are 20QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify New Yorkas a target market. Additional OZ funds may also invest in New York; see a complete list of Opportunity Zone Funds here.
There are no Opportunity Zone Funds in the OpportunityDb databasewith a focus specifically on New York properties.