Census Tract 704, New Albany, Indiana

Census Tract 704 is a Low-Income CommunityOpportunity Zone located in New Albany, Indiana.

This 0.6 square milecensus tract has a population of approximately 2,700and is one of 2 Opportunity Zones in Floyd County.

The adjacent map shows the location of this Opportunity Zone in Indiana.

Census Tract 704 Demographics

The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:

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Median Household Income

$35K

This Opportunity Zone has a median household incomeof approximately $35,000, which is 40% lowerthan the median household income for the state of Indiana of $58,000.

Poverty Rate

31%

The percentage of households below the poverty line in this Opportunity Zone is 31%, which is 19% higherthan the rate for the state of Indiana of 12%.

Median Home Value

$105K

This Opportunity Zone has a median home valueof approximately $110,000, which is 31% lowerthan the median home value for the state of Indiana of $160,000.

Education

73%

This Opportunity Zone has a percentage of population with high school diplomaof approximately 73%, which is 17% lowerthan the rate for the state of Indiana of 90%.

Median Age

37

This Opportunity Zone has a median ageof approximately 37, which is 3% lowerthan the median age for the state of Indiana of 38.

Indiana OZ Funds

There are 7QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify Indianaas a target market. Additional OZ funds may also invest in Indiana; see a complete list of Opportunity Zone Funds here.

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