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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:
Median Household Income
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.
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
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.
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%.
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.
|Fund Name||Asset Classes||Property Types||Fund Size|
|113 York OZ Fund, LLC||Business, Real Estate||Commercial, Mixed-Use, Multi-Family Housing, Office, Residential||$750K|
|Community Outcome Fund||Business, Real Estate||Commercial, Infrastructure, Mixed-Use, Residential||$500M|
|East Chicago Qualified Opportunity Fund, LLC||Real Estate||Industrial||$65M|
|Milhaus QOZ Fund I||Real Estate||Commercial, Mixed-Use, Multi-Family Housing||$30M|
|Northwest Indiana Opportunity Fund, Inc.||Real Estate||Affordable Housing, Residential||$10M|
|PICOZ Fund I||Real Estate||Mixed-Use, Multi-Family Housing, Residential, Single-Family Housing||$100M|
|Woodforest CEI-Boulos Opportunity Fund||Real Estate||Workforce Housing||$22M|
There are no Opportunity Zone Funds in the OpportunityDb databasewith a focus specifically on Indiana properties.