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Census Tract 5, Binghamton, New York
Census Tract 5 is a Low-Income CommunityOpportunity Zone located in Binghamton, New York.
This 0.5 square milecensus tract has a population of approximately 2,000and is one of 6 Opportunity Zones in Broome County.
The adjacent map shows the location of this Opportunity Zone in New York.
Census Tract 5 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 $21,000, which is 71% 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 49%, which is 36% higherthan the rate for the state of New York of 13%.
Median Home Value
This Opportunity Zone has a median home valueof approximately $65,000, which is 81% lowerthan 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 78%, which is 10% lowerthan the rate for the state of New York of 88%.
This Opportunity Zone has a median ageof approximately 29, which is 26% 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.