Tract 37025042101
Census tract 421.01, Cabarrus County, NC: 2027 Opportunity Zone
Yes. Census tract 421.01 in Cabarrus County, North Carolina (GEOID 37025042101, QOZ ID N37025042101-27) is on Treasury's final list of Opportunity Zones, designated from January 1, 2027 through December 31, 2036.
- Population
- 3,847
- Median family income
- $58,174
- Poverty rate
- 19.5%
- Unemployment
- 16.4%
- Median home value
- $190,300
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 19.5%, income at 57% of the area median). See how a tract qualifies.
Its poverty rate is the highest of the 3 designated tracts in Cabarrus 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 Cabarrus County
See all Cabarrus 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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