Census tract 106.02, Lubbock County, TX: 2027 Opportunity Zone

Yes. Census tract 106.02 in Lubbock County, Texas (GEOID 48303010602, QOZ ID R48303010602-27) 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

1,775

Median family income

$56,690

Poverty rate

9.5%

Unemployment

13.3%

Median home value

–

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 9.5%, income at 68% of the area median). See how a tract qualifies.

Its poverty rate ranks 23 of 24 among the designated tracts in Lubbock 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 Lubbock County

• Tract 48303000100
• Tract 48303000201
• Tract 48303000202
• Tract 48303000301
• Tract 48303000303
• Tract 48303000304
• Tract 48303000402
• Tract 48303000408
• Tract 48303000410
• Tract 48303000411
• Tract 48303000603
• Tract 48303000901

See all Lubbock 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.