Tract 34039039801
Census tract 398.01, Union County, NJ: 2027 Opportunity Zone
Yes. Census tract 398.01 in Union County, New Jersey (GEOID 34039039801, QOZ ID N34039039801-27) is on Treasury's final list of Opportunity Zones, designated from January 1, 2027 through December 31, 2036.
- Population
- 4,786
- Median family income
- $74,234
- Poverty rate
- 6.9%
- Unemployment
- 3.8%
- Median home value
- $389,500
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 (poverty 6.9%, income at 62% of the area median). See how a tract qualifies.
Its poverty rate is the lowest of the 9 designated tracts in Union County.
Was it a 2018 zone?
About 100% of this tract's land lay in a 2018 Opportunity Zone: 34039039800 (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 Union County
- Tract 34039030400
- Tract 34039030600
- Tract 34039031100
- Tract 34039031602
- Tract 34039032300
- Tract 34039039200
- Tract 34039039302
- 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.
Start here
Financing for the real estate inside the zone.
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