Census tract 1008, Lackawanna County, PA: 2027 Opportunity Zone

Yes. Census tract 1008 in Lackawanna County, Pennsylvania (GEOID 42069100800, QOZ ID N42069100800-27) is on Treasury's final list of Opportunity Zones, designated from January 1, 2027 through December 31, 2036.

Population

2,867

Median family income

$54,327

Poverty rate

14.8%

Unemployment

2.2%

Median home value

$164,400

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 14.8%, income at 64% of the area median). See how a tract qualifies.

Its poverty rate is the lowest of the 9 designated tracts in Lackawanna 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 Lackawanna County

• Tract 42069100600
• Tract 42069101200
• Tract 42069101600
• Tract 42069101800
• Tract 42069102300
• Tract 42069102500
• Tract 42069110800
• Tract 42069110900

See all Lackawanna 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.