Census Tract 1806, Albert Lea, Minnesota

Census Tract 1806 is a Low-Income CommunityOpportunity Zone located in Albert Lea, Minnesota.

This 5.6 square milecensus tract has a population of approximately 3,800and is the only Opportunity Zone in Freeborn County.

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

Census Tract 1806 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

$43K

This Opportunity Zone has a median household incomeof approximately $43,000, which is 43% lowerthan the median household income for the state of Minnesota of $75,000.

Poverty Rate

14%

The percentage of households below the poverty line in this Opportunity Zone is 14%, which is 5% higherthan the rate for the state of Minnesota of 9%.

Median Home Value

$72K

This Opportunity Zone has a median home valueof approximately $72,000, which is 71% lowerthan the median home value for the state of Minnesota of $250,000.

Education

80%

This Opportunity Zone has a percentage of population with high school diplomaof approximately 80%, which is 14% lowerthan the rate for the state of Minnesota of 94%.

Median Age

41

This Opportunity Zone has a median ageof approximately 41, which is 8% higherthan the median age for the state of Minnesota of 38.

Minnesota OZ Funds

There are 6QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify Minnesotaas a target market. Additional OZ funds may also invest in Minnesota; see a complete list of Opportunity Zone Funds here.

Similar Opportunity Zones

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