Census Tract 705, New Albany, Indiana

Census Tract 705 is a Low-Income Community Opportunity Zone located in New Albany, Indiana .

This 1.2 square mile census tract has a population of approximately 2,700 and is one of 2 Opportunity Zones in Floyd County .

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

Opportunity Zone Map

Map created by OpportunityZones.com

Census Tract 705 Demographics

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

Median Household Income

$35K

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

Poverty Rate

14%

The percentage of households below the poverty line in this Opportunity Zone is 14% , which is 2% higher than the rate for the state of Indiana of 12% .

Median Home Value

$70K

This Opportunity Zone has a median home value of approximately $70,000 , which is 56% lower than the median home value for the state of Indiana of $160,000 .

Education

77%

This Opportunity Zone has a percentage of population with high school diploma of approximately 77% , which is 13% lower than the rate for the state of Indiana of 90% .

Median Age

40

This Opportunity Zone has a median age of approximately 40 , which is 5% higher than the median age for the state of Indiana of 38 .

Indiana OZ Funds

To view Indiana Opportunity Zone funds, please visit our list of Qualified Opportunity Funds that are open to investors.

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