Census tract 235, Niagara County, NY: 2027 Opportunity Zone

Yes. Census tract 235 in Niagara County, New York (GEOID 36063023500, QOZ ID R36063023500-27) 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

2,677

Median family income

$63,224

Poverty rate

15.0%

Unemployment

1.7%

Median home value

$95,000

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 (poverty 15.0%, income at 65% of the area median). See how a tract qualifies.

Its poverty rate ranks 12 of 13 among the designated tracts in Niagara 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 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 Niagara County

• Tract 36063020200
• Tract 36063020400
• Tract 36063020600
• Tract 36063020700
• Tract 36063020900
• Tract 36063021000
• Tract 36063021200
• Tract 36063021300
• Tract 36063022100
• Tract 36063022602
• Tract 36063023700
• Tract 36063024301

See all Niagara 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.