Census tract 1016, Hennepin County, MN: 2027 Opportunity Zone

Yes. Census tract 1016 in Hennepin County, Minnesota (GEOID 27053101600, QOZ ID N27053101600-27) is on Treasury's final list of Opportunity Zones, designated from January 1, 2027 through December 31, 2036.

Population

2,649

Median family income

$71,212

Poverty rate

44.8%

Unemployment

13.5%

Median home value

$215,100

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 44.8%, income at 56% of the area median). See how a tract qualifies.

Its poverty rate is the highest of the 18 designated tracts in Hennepin 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 Hennepin County

• Tract 27053005901
• Tract 27053020201
• Tract 27053021502
• Tract 27053023401
• Tract 27053025302
• Tract 27053026104
• Tract 27053026827
• Tract 27053100400
• Tract 27053100500
• Tract 27053100900
• Tract 27053102800
• Tract 27053103400

See all Hennepin 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.