Multifamily Investor Expo - Feb 15th
Census Tract 8007, New Kensington, Pennsylvania
Census Tract 8007 is a Low-Income CommunityOpportunity Zone located in New Kensington, Pennsylvania.
This 0.6 square milecensus tract has a population of approximately 1,900and is one of 4 Opportunity Zones in Westmoreland County.
The adjacent map shows the location of this Opportunity Zone in Pennsylvania.
Census Tract 8007 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 $20,000, which is 68% 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 50%, which is 38% higherthan the rate for the state of Pennsylvania of 12%.
Median Home Value
This Opportunity Zone has a median home valueof approximately $49,000, which is 74% 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 80%, which is 11% lowerthan the rate for the state of Pennsylvania of 91%.
This Opportunity Zone has a median ageof approximately 45, which is 10% higherthan 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.