Tract 48167724200
Census tract 7242, Galveston County, TX: 2027 Opportunity Zone
Yes. Census tract 7242 in Galveston County, Texas (GEOID 48167724200, QOZ ID N48167724200-27) is on Treasury's final list of Opportunity Zones, designated from January 1, 2027 through December 31, 2036.
- Population
- 3,156
- Median family income
- $96,116
- Poverty rate
- 31.7%
- Unemployment
- 4.0%
- Median home value
- $286,900
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 31.7%, income at 98% of the area median). See how a tract qualifies.
Its poverty rate ranks 5 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 48167724000
- 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.
Start here
Financing for the real estate inside the zone.
Tell us about the project. We respond with sizing, likely executions, and indicative terms. No cost, no obligation.