Census tract · Floyd County
Census Tract 705, Floyd County, Indiana
Census Tract 705, GEOID 18043070500, in Floyd County, Indiana, entirely within New Albany and New Albany Township. 2,878 residents in the ACS 2020-2024 5-year estimates (±479); the 2020 Census counted 3,061.
Residents, 2020-2024
2,878
±479 (90% margin)
2020 Census count: 3,061
Median household income
$37,540
±$10,026 (90% margin)
Floyd County: $79,704
Median home value
$114,300
±$43,018 (90% margin)
Floyd County: $251,000
Median gross rent
$1,222
±$159 (90% margin)
Floyd County: $1,036
Where is Census Tract 705?
Census Tract 705 is one of 20 census tracts in Floyd County, Indiana. It covers 1.16 square miles of land, 2,630 residents per square mile in 2020. Its GEOID, 18043070500, names it uniquely (how tract numbers and GEOIDs work).
| Place | Share of the tract |
|---|---|
| New Albany | 100% |
| New Albany Township | 100% |
7 census tracts border Census Tract 705: Tract 703.02 ($61,534), Tract 704 ($53,750), Tract 706 ($80,208), Tract 707 ($56,213), Tract 708.01 ($29,028), Tract 708.02 ($66,009) and Tract 709.02 ($23,876). The figure in brackets is each tract's median household income.
Whether a tract counts as low- or moderate-income for bank lending (the Community Reinvestment Act) is set by the FFIEC against its metro area's family income: look it up in the FFIEC census geocoder.
Source: 2024 Gazetteer and 2020 block assignment files, U.S. Census Bureau · Census reference files
How many people live in Census Tract 705?
The 2020-2024 American Community Survey puts Census Tract 705's population at 2,878 (±479) in 1,254 households; the 2020 Census counted 3,061 residents and 1,578 housing units.
| Measure | Tract 705 | New Albany |
|---|---|---|
| Total population | 2,878 ±479 | 37,581 |
| Households | 1,254 ±253 | 16,389 |
| Average household size | 2.07 ±0.28 | 2.22 |
| Housing units | 1,573 ±224 | 18,263 |
Source: American Community Survey 2020-2024 5-year estimates, U.S. Census Bureau (released January 2026); 2020 Census P.L. 94-171 · Check it at data.census.gov
Who lives in Census Tract 705?
The median resident of Census Tract 705 is 36.6 years old; 21.3% are under 18 and 16.9% are 65 or older. The largest group is non-Hispanic white residents at 77.3%, then non-Hispanic Black residents at 8.4%.
| Measure | Tract 705 | New Albany |
|---|---|---|
| Median age | 36.6 ±3.4 | 38.2 |
| Under 18 years | 21.3% ±4.8 pts | 20.2% |
| 65 years and over | 16.9% ±5.8 pts | 17.9% |
| Hispanic or Latino (any race) | 8.1% ±6.6 pts | 5.5% |
| White alone, not Hispanic | 77.3% ±8.4 pts | 79.5% |
| Black or African American alone, not Hispanic | 8.4% ±6.4 pts | 7.7% |
| Asian alone, not Hispanic | 1.6% ±1.9 pts | 1.3% |
| American Indian and Alaska Native alone, not Hispanic | 0.0% ±1.3 pts | 0.0% |
| Native Hawaiian and Other Pacific Islander alone, not Hispanic | 1.1% ±1.6 pts | 0.1% |
| Two or more races, not Hispanic | 3.1% ±2.4 pts | 5.5% |
| Some other race alone, not Hispanic | 0.5% ±0.9 pts | 0.4% |
| Born outside the United States | 3.2% ±3.2 pts | 3.3% |
| Speak a language other than English at home (age 5+) | 5.7% ±3.9 pts | 4.2% |
| Civilian veterans (age 18+) | 3.2% ±2.0 pts | 6.0% |
| With a disability | 26.3% ±7.6 pts | 20.4% |
| No health insurance coverage | 2.1% ±2.4 pts | 6.8% |
| High school graduate or higher (age 25+) | 78.9% ±9.9 pts | 89.5% |
| Bachelor's degree or higher (age 25+) | 19.7% ±7.0 pts | 23.7% |
| Graduate or professional degree (age 25+) | 9.2% ±4.8 pts | 8.7% |
| Lived in the same house a year earlier | 82.6% ±5.4 pts | 88.5% |
Source: American Community Survey 2020-2024 5-year estimates, U.S. Census Bureau (released January 2026) (Data Profiles DP02, DP05) · Check it at data.census.gov
What do households in Census Tract 705 earn?
Half of the 1,254 households in Census Tract 705 earn less than $37,540 a year (±$10,026), against $79,704 across Floyd County: 18th highest of the county's 20 tracts with a reliable estimate. 27.4% of residents live below the poverty line.
| Measure | Tract 705 | New Albany |
|---|---|---|
| Median household income | $37,540 ±$10,026 | $54,710 |
| Mean household income | $49,719 ±$12,382 | $68,078 |
| Per capita income | $23,162 ±$3,936 | $30,946 |
| People below the poverty line | 27.4% ±11.5 pts | 18.9% |
| Children under 18 below the poverty line | 46.1% ±21.7 pts | 32.7% |
| Households receiving SNAP | 16.3% ±6.0 pts | 12.7% |
| Households with a computer | 84.9% ±12.6 pts | 92.4% |
| Households with a broadband subscription | 70.6% ±13.1 pts | 85.9% |
Source: American Community Survey 2020-2024 5-year estimates, U.S. Census Bureau (released January 2026) (Data Profile DP03) · Check it at data.census.gov
What does housing cost in Census Tract 705?
Owners occupy 47.4% of Census Tract 705's occupied homes and renters 52.6%. The median owner-occupied home is valued at $114,300 by its owner (±$43,018). The median renter pays $1,222 a month including utilities, and 56.3% of renters pay 35% or more of their income on rent.
| Measure | Tract 705 | New Albany |
|---|---|---|
| Median home value (owner-occupied) | $114,300 ±$43,018 | $180,500 |
| Median gross rent | $1,222 ±$159 | $1,026 |
| Renters paying 35% or more of income on rent | 56.3% ±16.7 pts | 40.6% |
| Median monthly owner costs, with a mortgage | $1,175 ±$134 | $1,229 |
| Owner-occupied homes | 47.4% ±11.8 pts | 55.4% |
| Renter-occupied homes | 52.6% ±11.8 pts | 44.6% |
| Housing units | 1,573 ±224 | 18,263 |
| Single-family detached homes | 63.6% ±9.1 pts | 60.8% |
| Mobile homes | 3.2% ±2.6 pts | 2.0% |
| Built 2020 or later | 2.7% ±3.7 pts | 1.3% |
| Built 2010 to 2019 | 17.9% ±7.0 pts | 5.4% |
| Built 1939 or earlier | 56.5% ±10.8 pts | 24.4% |
| Households with no vehicle | 15.8% ±14.6 pts | 9.3% |
Source: American Community Survey 2020-2024 5-year estimates, U.S. Census Bureau (released January 2026) (Data Profile DP04) · Check it at data.census.gov
How do people in Census Tract 705 get to work?
76.3% of Census Tract 705's workers drive alone. The average trip to work takes 16.6 minutes.
| Measure | Tract 705 | New Albany |
|---|---|---|
| In the labor force (age 16+) | 51.9% ±9.6 pts | 61.1% |
| Unemployment rate | 4.0% ±4.6 pts | 6.0% |
| Drove alone to work | 76.3% ±10.8 pts | 75.5% |
| Carpooled | 12.9% ±8.0 pts | 10.2% |
| Public transportation | 0.0% ±3.3 pts | 0.0% |
| Walked | 3.1% ±4.0 pts | 1.4% |
| Worked from home | 7.7% ±5.8 pts | 12.0% |
| Mean travel time to work | 16.6 min ±2.6 | 19.6 min |
Source: American Community Survey 2020-2024 5-year estimates, U.S. Census Bureau (released January 2026) (Data Profile DP03) · Check it at data.census.gov
How does Census Tract 705 compare with the other tracts in Floyd County?
Among Floyd County's tracts with a reliable estimate, Census Tract 705 ranks as shown below (1 = highest).
| Measure | In Floyd County | In New Albany |
|---|---|---|
| Population | 14th of 20 | 9th of 15 |
| Residents per square mile | 9th of 20 | 9th of 15 |
| Median household income | 18th of 20 | 13th of 15 |
| Per capita income | 18th of 20 | 13th of 15 |
| Median home value | 20th of 20 | 15th of 15 |
| Median gross rent | 2nd of 19 | 2nd of 15 |
| Poverty rate | 4th of 13 | 4th of 12 |
| Bachelor's degree or higher | 17th of 20 | 12th of 15 |
| Median age | 17th of 20 | 12th of 15 |
| Owner-occupied share | 16th of 20 | 11th of 15 |
The tracts next to it on Floyd County's income ladder
| Tract | Rank | Median household income |
|---|---|---|
| Tract 702 | 15th | $56,875±$17,632 · within the margin of this tract |
| Tract 707 | 16th | $56,213±$11,129 |
| Tract 704 | 17th | $53,750±$14,856 · within the margin of this tract |
| Tract 705 | 18th | $37,540±$10,026 |
| Tract 708.01 | 19th | $29,028±$13,928 · within the margin of this tract |
| Tract 709.02 | 20th | $23,876±$2,291 |
"Within the margin": the two incomes differ by less than their combined 90% margins, so the survey cannot say which is higher and the ranks between them are not firm.
Source: PlainCities ranks computed from the American Community Survey 2020-2024 5-year estimates, U.S. Census Bureau (released January 2026) · How ranks are computed
How reliable are the figures for Census Tract 705?
4 of the 18 figures for Census Tract 705 on this page carry a coefficient of variation over 40% and are marked with a ring: they come from a small sample, so read them as rough.
A census tract's figures rest on a few hundred sampled households over five years, so its margins are wider than a city's. Two tracts differ only when the gap between them is larger than their combined 90% margin (the square root of the sum of the two squared margins). How to read a margin of error.
Source: American Community Survey 2020-2024 5-year estimates, U.S. Census Bureau (released January 2026): margins of error as published · Check it at data.census.gov
How these figures are made: methodology and release checks · reading a margin of error · every state · corrections