Census tract 707, Richmond city, VA: 2027 Opportunity Zone

Yes. Census tract 707 in Richmond city, Virginia (GEOID 51760070700, QOZ ID N51760070700-27) is on Treasury's final list of Opportunity Zones, designated from January 1, 2027 through December 31, 2036.

Population

7,708

Median family income

$73,342

Poverty rate

16.7%

Unemployment

11.1%

Median home value

$189,300

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 66% of the area median). See how a tract qualifies.

Its poverty rate is the lowest of the 8 designated tracts in Richmond 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 Richmond city

• Tract 51760011100
• Tract 51760030100
• Tract 51760030501
• Tract 51760060400
• Tract 51760060700
• Tract 51760070602
• Tract 51760071004

See all Richmond 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.