OZ Pitch Day - Mar 6, 2025
OZ Pitch Day - Mar 6, 2025
Census Tract 48.02, Newark, New Jersey
Census Tract 48.02 is a Low-Income Community Opportunity Zone located in Newark, New Jersey .
This 0.9 square mile census tract has a population of approximately 2,700 and is one of 23 Opportunity Zones in Essex County .
The adjacent map shows the location of this Opportunity Zone in New Jersey.
Opportunity Zone Map
Map created by OpportunityZones.com
Census Tract 48.02 Demographics
The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:
Median Household Income
$15K |
This Opportunity Zone has a median household income of approximately $15,000 , which is 83% lower than the median household income for the state of New Jersey of $86,000 .
Poverty Rate
41% |
The percentage of households below the poverty line in this Opportunity Zone is 41% , which is 32% higher than the rate for the state of New Jersey of 9.2% .
Median Home Value
$186K |
This Opportunity Zone has a median home value of approximately $190,000 , which is 46% lower than the median home value for the state of New Jersey of $350,000 .
Education
66% |
This Opportunity Zone has a percentage of population with high school diploma of approximately 66% , which is 24% lower than the rate for the state of New Jersey of 90% .
Median Age
49 |
This Opportunity Zone has a median age of approximately 49 , which is 23% higher than the median age for the state of New Jersey of 40 .
New Jersey OZ Funds
To view New Jersey Opportunity Zone funds, please visit our list of Qualified Opportunity Funds that are open to investors.
