Tract 34003023501

Census tract 235.01, Bergen County, NJ: 2027 Opportunity Zone

2027 zone (designated)

Yes. Census tract 235.01 in Bergen County, New Jersey (GEOID 34003023501, QOZ ID N34003023501-27) is on Treasury's final list of Opportunity Zones, designated from January 1, 2027 through December 31, 2036.

Population
3,809
Median family income
$70,296
Poverty rate
26.0%
Unemployment
7.7%
Median home value
$300,000

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 26.0%, income at 58% of the area median). See how a tract qualifies.

Its poverty rate is the highest of the 6 designated tracts in Bergen 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 Bergen County

See all Bergen 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.

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Financing for the real estate inside the zone.

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