Tract 27053100500
Census tract 1005, Hennepin County, MN: Opportunity Zone
Census tract 1005 in Hennepin County, Minnesota (GEOID 27053100500, 2010 boundaries) was designated a Qualified Opportunity Zone in 2018. That designation runs through December 31, 2028.
- Population
- 1,952
- Median family income
- $69,938
- Poverty rate
- 13.6%
- Unemployment
- 3.8%
American Community Survey 2020 to 2024 5-year estimates. Shown because the 2020 and 2010 boundaries of this tract are the same.
Is it still an Opportunity Zone in 2027?
Not yet known. 1 of the overlapping 2020 tracts is eligible for the 2027 round, but no official Minnesota nomination list naming it was published as of Oct 30, 2026.
What it means for property bought here
Under Notice 2026-40, property bought after December 31, 2026 for use in a 2018 zone generally cannot be Opportunity Zone business property unless the area is designated again or a transition exception applies: a working capital plan adopted by December 31, 2026 with at least 10% of the planned cash received and 5% spent, or ordinary-course replacement of existing property. Property acquired before the zone expires can keep counting as zone property through December 31, 2047. See the transition rules.
What overlaps it in the 2027 round
Census redrew tract lines in 2020, and the 2027 round uses 2020 tracts. These 2020 tracts overlap this 2018 zone (share of the 2020 tract's land inside it):
| 2020 tract | Share | 2027 status |
|---|---|---|
| 27053100500 | 100% | Eligible for 2027 |
Hennepin County
Hennepin County had 25 Opportunity Zones in 2018 and has 75 census tracts eligible for the 2027 round.
- Tract 27053005902
- Tract 27053007700
- Tract 27053009500
- Tract 27053020200
- Tract 27053020804
- Tract 27053021300
- Tract 27053023400
- Tract 27053025100
- Tract 27053026810
- Tract 27053100400
- Tract 27053100900
- Tract 27053102100
Check an exact street address with the Opportunity Zone lookup, which places it in both its 2010 and 2020 tract. See all Minnesota Opportunity Zones.