Census tract 6904, Southeastern Connecticut Planning Region, CT: 2027 Opportunity Zone

Yes. Census tract 6904 in Southeastern Connecticut Planning Region, Connecticut (GEOID 09180690400, QOZ ID R09180690400-27) is on Treasury's final list of Opportunity Zones, designated from January 1, 2027 through December 31, 2036. Treasury classifies it as made up entirely of a rural area.

Population

2,305

Median family income

$45,859

Poverty rate

26.2%

Unemployment

3.5%

Median home value

$220,800

American Community Survey 2020 to 2024 5-year estimates (U.S. Census Bureau).

Why it qualified

Treasury's data shows it qualified on median family income at or below 70% of the area median and a poverty rate of at least 20% (poverty 26.2%, income at 42% of the area median). See how a tract qualifies.

Its poverty rate ranks 3 of 8 among the designated tracts in Southeastern Connecticut Planning Region.

Was it a 2018 zone?

None of this tract's land was in a 2018 Opportunity Zone, so it is new to the program on January 1, 2027.

What applies here

A gain invested in a Qualified Opportunity Fund after December 31, 2026 is deferred for up to five years. Held five years, basis rises by 30% if the investment is in a qualified rural opportunity fund, otherwise 10%. Held at least ten years, the investor can elect to exclude appreciation, measured no later than year 30. Because this is a rural zone, an existing building can meet the substantial improvement test with additions above 50% of its basis instead of 100%. See the OZ 2.0 rules and rural zones.

Other designated tracts in Southeastern Connecticut Planning Region

• Tract 09180690500
• Tract 09180690700
• Tract 09180696100
• Tract 09180696701
• Tract 09180696800
• Tract 09180709200
• Tract 09180800600

See all Southeastern Connecticut Planning Region Opportunity Zones, open the tract map, or check an exact address with the lookup. Tract lines follow the 2020 census (Connecticut: 2022 planning regions). Source: CDFI Fund designated tract list.