Census tract 231.06, Hidalgo County, TX: 2027 Opportunity Zone

Yes. Census tract 231.06 in Hidalgo County, Texas (GEOID 48215023106, QOZ ID R48215023106-27) is on Treasury's final list of Opportunity Zones, designated from January 1, 2027 through December 31, 2036. Treasury classifies it as made up entirely of a rural area.

Population

3,520

Median family income

$34,032

Poverty rate

37.8%

Unemployment

24.3%

Median home value

$55,000

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 37.8%, income at 57% of the area median). See how a tract qualifies.

Its poverty rate ranks 14 of 51 among the designated tracts in Hidalgo 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 30% if the investment is in a qualified rural opportunity fund, otherwise 10%. Held at least ten years, the investor can elect to exclude appreciation, measured no later than year 30. Because this is a rural zone, an existing building can meet the substantial improvement test with additions above 50% of its basis instead of 100%. See the OZ 2.0 rules and rural zones.

Other designated tracts in Hidalgo County

• Tract 48215020505
• Tract 48215020507
• Tract 48215020509
• Tract 48215021001
• Tract 48215021306
• Tract 48215021307
• Tract 48215021309
• Tract 48215021313
• Tract 48215021314
• Tract 48215021315
• Tract 48215021401
• Tract 48215021405

See all Hidalgo 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.