Census tract 5035, Summit County, OH: 2027 Opportunity Zone

Yes. Census tract 5035 in Summit County, Ohio (GEOID 39153503500, QOZ ID N39153503500-27) is on Treasury's final list of Opportunity Zones, designated from January 1, 2027 through December 31, 2036.

Population

3,152

Median family income

$64,100

Poverty rate

30.1%

Unemployment

15.6%

Median home value

$58,500

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 and a poverty rate of at least 20% (poverty 30.1%, income at 67% of the area median). See how a tract qualifies.

Its poverty rate ranks 4 of 9 among the designated tracts in Summit 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 Summit County

• Tract 39153502102
• Tract 39153503800
• Tract 39153505900
• Tract 39153506800
• Tract 39153508301
• Tract 39153508900
• Tract 39153510100
• Tract 39153510301

See all Summit 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.