Tract 28089030600
Census tract 306, Madison County, MS: 2027 Opportunity Zone
Yes. Census tract 306 in Madison County, Mississippi (GEOID 28089030600, QOZ ID R28089030600-27) 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
- 2,694
- Median family income
- $70,563
- Poverty rate
- 32.4%
- Unemployment
- 5.1%
- Median home value
- $109,800
American Community Survey 2020 to 2024 5-year estimates (U.S. Census Bureau).
Why it qualified
Treasury's data shows it qualified on a poverty rate of at least 20% (poverty 32.4%, income at 88% of the area median). See how a tract qualifies.
Its poverty rate is the lowest of the 2 designated tracts in Madison County.
Was it a 2018 zone?
About 99% of this tract's land lay in a 2018 Opportunity Zone: 28089030600 (99%). Those designations end December 31, 2028. For 2027 and 2028 the two maps run side by side, and which one matters depends on when the investment is made.
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 Madison County
See all Madison 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.
Start here
Financing for the real estate inside the zone.
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