Multifamily Investor Expo - Feb 15th
Census Tract 8, Erie, Pennsylvania
Census Tract 8 is a Low-Income CommunityOpportunity Zone located in Erie, Pennsylvania.
This 0.3 square milecensus tract has a population of approximately 2,000and is one of 8 Opportunity Zones in Erie County.
The adjacent map shows the location of this Opportunity Zone in Pennsylvania.
Census Tract 8 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 $19,000, which is 70% lowerthan the median household income for the state of Pennsylvania of $63,000.
The percentage of households below the poverty line in this Opportunity Zone is 56%, which is 44% higherthan the rate for the state of Pennsylvania of 12%.
Median Home Value
This Opportunity Zone has a median home valueof approximately $45,000, which is 76% lowerthan the median home value for the state of Pennsylvania of $190,000.
This Opportunity Zone has a percentage of population with high school diplomaof approximately 71%, which is 20% lowerthan the rate for the state of Pennsylvania of 91%.
This Opportunity Zone has a median ageof approximately 33, which is 20% lowerthan the median age for the state of Pennsylvania of 41.
Pennsylvania OZ Funds
There are 10QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify Pennsylvaniaas a target market. Additional OZ funds may also invest in Pennsylvania; see a complete list of Opportunity Zone Funds here.
There are no Opportunity Zone Funds in the OpportunityDb databasewith a focus specifically on Pennsylvania properties.