OZ Pitch Day - Nov 14th
OZ Pitch Day - Nov 14th
Census Tract 707, Faribault, Minnesota
Census Tract 707 is a Low-Income Community Opportunity Zone located in Faribault, Minnesota .
This 7.1 square mile census tract has a population of approximately 7,200 and is the only Opportunity Zone in Rice County .
The adjacent map shows the location of this Opportunity Zone in Minnesota.
Opportunity Zone Map
Map created by OpportunityZones.com
Census Tract 707 Demographics
The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:
Median Household Income
$68K |
This Opportunity Zone has a median household income of approximately $68,000 , which is 9% lower than the median household income for the state of Minnesota of $75,000 .
Poverty Rate
9.7% |
The percentage of households below the poverty line in this Opportunity Zone is 9.7% , which is 1% higher than the rate for the state of Minnesota of 9% .
Median Home Value
$165K |
This Opportunity Zone has a median home value of approximately $170,000 , which is 32% lower than the median home value for the state of Minnesota of $250,000 .
Education
86% |
This Opportunity Zone has a percentage of population with high school diploma of approximately 86% , which is 8% lower than the rate for the state of Minnesota of 94% .
Median Age
37 |
This Opportunity Zone has a median age of approximately 37 , which is 3% lower than the median age for the state of Minnesota of 38 .
Minnesota OZ Funds
To view Minnesota Opportunity Zone funds, please visit our list of Qualified Opportunity Funds that are open to investors.
