Census tract 7240, Galveston County, TX: 2027 Opportunity Zone

Yes. Census tract 7240 in Galveston County, Texas (GEOID 48167724000, QOZ ID N48167724000-27) is on Treasury's final list of Opportunity Zones, designated from January 1, 2027 through December 31, 2036.

Population

3,505

Median family income

$75,987

Poverty rate

36.1%

Unemployment

3.1%

Median home value

$258,300

American Community Survey 2020 to 2024 5-year estimates (U.S. Census Bureau).

Why it qualified

Treasury's data shows it qualified on a poverty rate of at least 20% (poverty 36.1%, income at 77% of the area median). See how a tract qualifies.

Its poverty rate ranks 2 of 17 among the designated tracts in Galveston 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 Galveston County

• Tract 48167721402
• Tract 48167721600
• Tract 48167721703
• Tract 48167722800
• Tract 48167723000
• Tract 48167723100
• Tract 48167724200
• Tract 48167724300
• Tract 48167724500
• Tract 48167724600
• Tract 48167724700
• Tract 48167724800

See all Galveston 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.