Tract 51800075701
Census tract 757.01, Suffolk city, VA: 2027 Opportunity Zone
Yes. Census tract 757.01 in Suffolk city, Virginia (GEOID 51800075701, QOZ ID N51800075701-27) is on Treasury's final list of Opportunity Zones, designated from January 1, 2027 through December 31, 2036.
- Population
- 1,935
- Median family income
- $65,357
- Poverty rate
- 13.4%
- Unemployment
- 2.1%
- Median home value
- $274,300
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 13.4%, income at 64% of the area median). See how a tract qualifies.
Its poverty rate is the lowest of the 2 designated tracts in Suffolk 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 Suffolk city
See all Suffolk 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.
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Financing for the real estate inside the zone.
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