Tract 51710000201
Census tract 2.01, Norfolk city, VA: 2027 Opportunity Zone
Yes. Census tract 2.01 in Norfolk city, Virginia (GEOID 51710000201, QOZ ID N51710000201-27) is on Treasury's final list of Opportunity Zones, designated from January 1, 2027 through December 31, 2036.
- Population
- 2,245
- Median family income
- $70,385
- Poverty rate
- 16.7%
- Unemployment
- 9.2%
- Median home value
- $279,600
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 16.7%, income at 69% of the area median). See how a tract qualifies.
Its poverty rate is the lowest of the 7 designated tracts in Norfolk city.
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 Norfolk city
- Tract 51710001400
- Tract 51710004100
- Tract 51710004200
- Tract 51710004600
- Tract 51710004800
- Tract 51710005000
See all Norfolk city 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.
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