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Census Tract 56, Buffalo, New York
Census Tract 56 is a Low-Income CommunityOpportunity Zone located in Buffalo, New York.
This 0.8 square milecensus tract has a population of approximately 3,900and is one of 23 Opportunity Zones in Erie County.
The adjacent map shows the location of this Opportunity Zone in New York.
Census Tract 56 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 $30,000, which is 58% 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 30%, which is 17% higherthan the rate for the state of New York of 13%.
Median Home Value
This Opportunity Zone has a median home valueof approximately $90,000, which is 74% 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 73%, which is 15% lowerthan the rate for the state of New York of 88%.
This Opportunity Zone has a median ageof approximately 34, which is 13% 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.