Tract 34031125100
Census tract 1251, Passaic County, NJ: 2027 Opportunity Zone
Yes. Census tract 1251 in Passaic County, New Jersey (GEOID 34031125100, QOZ ID N34031125100-27) is on Treasury's final list of Opportunity Zones, designated from January 1, 2027 through December 31, 2036.
- Population
- 3,717
- Median family income
- $42,254
- Poverty rate
- 42.5%
- Unemployment
- 15.8%
- Median home value
- $393,400
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 42.5%, income at 35% of the area median). See how a tract qualifies.
Its poverty rate ranks 2 of 10 among the designated tracts in Passaic County.
Was it a 2018 zone?
About 100% of this tract's land lay in a 2018 Opportunity Zone: 34031125100 (100%). 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 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 Passaic County
- Tract 34031175200
- Tract 34031175402
- Tract 34031175804
- Tract 34031175900
- Tract 34031180900
- Tract 34031181800
- Tract 34031182900
- Tract 34031183200
- Tract 34031264200
See all Passaic 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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