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CENSUS TRACT

Census Tract 706

Ohio · Lorain County · 4,611 residents · 1.158 sq mi
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701.01701.02702703705709.01711712.02714976706
TRACT SHAPE · Lorain County, OH
The short version

Census Tract 706 has lower-than-average household income, with a median household income of $68,063. Population has declined 8% since 2020. 13% of adults hold a bachelor's degree or higher, below the national rate of 36%. Median home value is $137,800.

At a glance
Lower income
below the US median
US median: $82,259
Younger
median age 36.4
US median: 38.9
Less educated
13% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
4,611
−8%since 2020
from 5,022 in 2020
2020 – 2024
Population density
3,982 / sq mi
−8%since 2020
from 4,337 / sq mi in 2020
US average: 281
Median age
36.4
−13%since 2020
from 41.7 in 2020
US average: 38.9
Population, 20202024
5K5K5K5K5K20202024Census Tract 706
20245K
20202024
Section 02

Income & economy

Median household income
$68,063
+1%inflation adjusted, since 2020
from $55,785 in 2020
US average: $82,259
2020 – 2024
Per capita income
$34,693
+27%since 2020
from $27,217 in 2020
US average: $44,673
Households earning $100K+
42.0%
+9.5 ptssince 2020
from 32.5% in 2020
US average: 53.3%
Poverty rate
7.5%
−2.8 ptssince 2020
from 10.3% in 2020
US average: 12.5%
Income inequality (Gini)
0.390
+7%since 2020
from 0.364 in 2020
US average: 0.476
Workforce by industry, 2024
Retail trade16.3%
US avg: 9.9%
Information12.6%
US avg: 10.8%
Finance & insurance11.4%
US avg: 5.9%
Professional, scientific, technical7.7%
US avg: 5.1%
Transportation & warehousing5.8%
US avg: 2.2%
Other services3.7%
US avg: 6.7%
Wholesale trade3.7%
US avg: 6.9%
Education & health services3.7%
US avg: 0.9%
Public administration3%
US avg: 4.8%
Agriculture, forestry, fishing0%
US avg: 1.6%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
Arts, entertainment, food0%
US avg: 1.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$137,800
+11%inflation adjusted, since 2020
from $102,100 in 2020
US average: $376,019
2020 – 2024
Median gross rent
$878
−23%inflation adjusted, since 2020
from $936 in 2020
US average: $1,442
Owner-occupied
67.7%
−2.9 ptssince 2020
from 70.7% in 2020
32.3% rent
Vacancy rate
6.8%
+3.9 ptssince 2020
from 2.9% in 2020
US average: 10.0%
Owner cost-burdened
10.4%
−1.0 ptssince 2020
from 11.4% in 2020
US average: 22.9%
Renter cost-burdened
56.2%
+3.3 ptssince 2020
from 52.9% in 2020
US average: 47.4%
Afford Score
2.0
+11%since 2020
from 1.8 in 2020
2020 – 2024
RELATED:See current rent listings in Census Tract 706 on RentDataNow
Section 04

Race & ethnicity

2020
White, non-Hispanic86.4%(4,341)
Black1.4%(71)
Hispanic / Latino8.8%(440)
Asian1.9%(96)
Other1.5%(74)
Diversity Score30.5%(1,534)
2024
White, non-Hispanic79.7%(3,674)
Black7.8%(360)
Hispanic / Latino9.1%(420)
Asian2.9%(133)
Other0.5%(24)
Diversity Score43.7%(2,017)
Diversity Score
44
+43%since 2020
from 31 in 2020
2020 – 2024
Section 05

Education

Bachelor's degree or higher
12.6%
+0.6 ptssince 2020
from 12.0% in 2020
US average: 35.6%
High school or higher
96.9%
+5.8 ptssince 2020
from 91.1% in 2020
US average: 89.6%
Graduate degree
5.6%
+1.8 ptssince 2020
from 3.9% in 2020
US average: 14.0%
Section 06

Commute & transportation

Average commute
23.3 min
+4%since 2020
from 22.3 min in 2020
US average: 26.5
Drive alone to work
91.7%
+0.2 ptssince 2020
from 91.4% in 2020
US average: 68.9%
Carpooled to work
4.3%
−0.9 ptssince 2020
from 5.3% in 2020
US average: 8.5%
Public transit
0.0%
−0.9 ptssince 2020
from 0.9% in 2020
US average: 3.2%
Worked from home
4.0%
+2.5 ptssince 2020
from 1.5% in 2020
US average: 15.0%
Walked to work
0.0%
−0.4 ptssince 2020
from 0.4% in 2020
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2020
from 0.0% in 2020
US average: 0.4%
No vehicle available
12.9%
+9.4 ptssince 2020
from 3.5% in 2020
US average: 8.3%
Section 07

Work & employment

Unemployment rate
1.3%
−1.1 ptssince 2020
from 2.4% in 2020
US average: 5.2%
Labor force participation
70.9%
+3.2 ptssince 2020
from 67.7% in 2020
US average: 63.5%
Self-employed
5.5%
−2.4 ptssince 2020
from 7.8% in 2020
US average: 13.1%
Management & professional
30.7%
+3.4 ptssince 2020
from 27.3% in 2020
US average: 42.5%
Section 08

People & community

Male
45.0%
−0.7 ptssince 2020
from 45.7% in 2020
Female
55.0%
+0.7 ptssince 2020
from 54.3% in 2020
Foreign born
1.9%
−4.4 ptssince 2020
from 6.4% in 2020
US average: 14.1%
Veterans
7.9%
+1.1 ptssince 2020
from 6.8% in 2020
US average: 6.2%
With a disability
14.2%
−1.3 ptssince 2020
from 15.5% in 2020
US average: 13.3%
Uninsured
5.5%
−1.8 ptssince 2020
from 7.3% in 2020
US average: 8.4%
Broadband at home
79.5%
−0.7 ptssince 2020
from 80.2% in 2020
US average: 91.0%
English only at home
93.6%
+1.1 ptssince 2020
from 92.5% in 2020
US average: 77.7%
Spanish at home
4.0%
−0.7 ptssince 2020
from 4.7% in 2020
US average: 13.6%
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Frequently asked

How many people live in this census tract?

this census tract has about 4,611 residents according to the 2024 American Community Survey.

What is the median household income in this census tract?

The typical household in this census tract earns about $68,063 a year. Half of households make more than that, and half make less.

Is this census tract expensive?

In this census tract, the median home is worth about $137,800, and the typical rent is about $878 a month.

How educated are people in this census tract?

About 12.6% of adults age 25 and over in this census tract hold a bachelor's degree or higher.

What is the poverty rate in this census tract?

About 7.5% of people in this census tract live below the federal poverty line.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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