Census Tract 706, Park Rapids, Minnesota

Census Tract 706 is a Low-Income CommunityOpportunity Zone located in Park Rapids, Minnesota.

This 5.8 square milecensus tract has a population of approximately 3,900and is the only Opportunity Zone in Hubbard County.

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

Census Tract 706 Demographics

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

Median Household Income

$34K

This Opportunity Zone has a median household incomeof approximately $34,000, which is 55% lowerthan the median household income for the state of Minnesota of $75,000.

Poverty Rate

26%

The percentage of households below the poverty line in this Opportunity Zone is 26%, which is 17% higherthan the rate for the state of Minnesota of 9%.

Median Home Value

$151K

This Opportunity Zone has a median home valueof approximately $150,000, which is 40% lowerthan the median home value for the state of Minnesota of $250,000.

Education

87%

This Opportunity Zone has a percentage of population with high school diplomaof approximately 87%, which is 7% lowerthan the rate for the state of Minnesota of 94%.

Median Age

35

This Opportunity Zone has a median ageof approximately 35, which is 8% lowerthan 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.

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