Tract 51710004200
Census tract 42, Norfolk city, VA: 2027 Opportunity Zone
Yes. Census tract 42 in Norfolk city, Virginia (GEOID 51710004200, QOZ ID N51710004200-27) is on Treasury's final list of Opportunity Zones, designated from January 1, 2027 through December 31, 2036.
- Population
- 1,331
- Median family income
- –
- Poverty rate
- 73.6%
- Unemployment
- 24.2%
- 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 a poverty rate of at least 20%. See how a tract qualifies.
Its poverty rate is the highest of the 7 designated tracts in Norfolk city.
Was it a 2018 zone?
About 100% of this tract's land lay in a 2018 Opportunity Zone: 51710004200 (100%). Those designations end December 31, 2028. For 2027 and 2028 the two maps run side by side, and which one matters depends on when the investment is made.
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 51710000201
- Tract 51710001400
- Tract 51710004100
- 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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