Census tract 1423, Oakland County, MI: 2027 Opportunity Zone

Yes. Census tract 1423 in Oakland County, Michigan (GEOID 26125142300, QOZ ID N26125142300-27) is on Treasury's final list of Opportunity Zones, designated from January 1, 2027 through December 31, 2036.

Population

2,652

Median family income

$23,906

Poverty rate

51.5%

Unemployment

7.6%

Median home value

$105,500

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 51.5%, income at 24% of the area median). See how a tract qualifies.

Its poverty rate is the highest of the 9 designated tracts in Oakland County.

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 10%. Held at least ten years, the investor can elect to exclude appreciation, measured no later than year 30. See the OZ 2.0 rules.

Other designated tracts in Oakland County

• Tract 26125133101
• Tract 26125133102
• Tract 26125141002
• Tract 26125141300
• Tract 26125142200
• Tract 26125171400
• Tract 26125181001
• Tract 26125194500

See all Oakland County Opportunity Zones, open the tract map, or check an exact address with the lookup. Tract lines follow the 2020 census. Source: CDFI Fund designated tract list.