Census tract 304, Union County, NJ: 2027 Opportunity Zone

Yes. Census tract 304 in Union County, New Jersey (GEOID 34039030400, QOZ ID N34039030400-27) is on Treasury's final list of Opportunity Zones, designated from January 1, 2027 through December 31, 2036.

Population

6,554

Median family income

$68,958

Poverty rate

20.6%

Unemployment

2.5%

Median home value

$391,100

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 20.6%, income at 57% of the area median). See how a tract qualifies.

Its poverty rate ranks 2 of 9 among the designated tracts in Union 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 Union County

• Tract 34039030600
• Tract 34039031100
• Tract 34039031602
• Tract 34039032300
• Tract 34039039200
• Tract 34039039302
• Tract 34039039801
• Tract 34039039900

See all Union 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.