Census tract 1985, Cuyahoga County, OH: 2027 Opportunity Zone

Yes. Census tract 1985 in Cuyahoga County, Ohio (GEOID 39035198500, QOZ ID N39035198500-27) is on Treasury's final list of Opportunity Zones, designated from January 1, 2027 through December 31, 2036.

Population

1,784

Median family income

$39,333

Poverty rate

29.1%

Unemployment

16.2%

Median home value

$44,000

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 and a poverty rate of at least 20% (poverty 29.1%, income at 41% of the area median). See how a tract qualifies.

Its poverty rate ranks 24 of 39 among the designated tracts in Cuyahoga County.

Was it a 2018 zone?

About 100% of this tract's land lay in a 2018 Opportunity Zone: 39035113600 (62%), 39035113500 (35%), 39035113101 (2%), 39035114100 (0%). 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 Cuyahoga County

• Tract 39035101101
• Tract 39035103300
• Tract 39035107802
• Tract 39035109301
• Tract 39035111700
• Tract 39035112100
• Tract 39035112200
• Tract 39035112301
• Tract 39035114501
• Tract 39035114800
• Tract 39035116700
• Tract 39035117201

See all Cuyahoga 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.