Monroe County, Alabama: commercial real estate data.
Monroe County, Alabama has a population of 19,388 across 1,026 square miles, down 3.6 percent since the 2020 census base. County output reached $848.1 m in 2024, 382 establishments operate here, and the SBA record carries 5 7(a) approvals worth $2.4 m.
116 sourced county values · tier FULL · 11 sections
Monroe County
How many people live in Monroe County
- Population19,388
- Households7,363
- Average household size2.63
- Median household income$42,292
- Median age44.2
- Median gross rent$666 per month
- Median owner-occupied home value$120,600
- Home value to household income2.9 times
- Annual rent as a share of median income18.9 percent
- Adults 25 and over with a bachelor degree or higher11.7 percent
- Adults 25 and over with a graduate degree5.4 percent
- Adults 25 and over13,443
- Population under 184,101
- Share under 1821.2 percent
- Population 65 and over4,194
- Share 65 and over21.6 percent
- Working age population, 18 to 6411,093
- Civilian labor force7,120
- Unemployment rate10.4 percent
- Labor force participation, adults 18 and over46.6 percent
- Rank by population among Alabama counties46th of 67
- Rank by population among US county-equivalents1919th
Monroe County is the 46th largest of 67 Alabama counties by population. A median home costs 2.9 times median household income, which is an affordable ownership market by national standards. Residents 65 and over outnumber those under 18, at 21.6 percent against 21.2 percent, which points demand at health care, services and single storey product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Monroe County
Is Monroe County growing
- Population change since the 2020 census base-3.60 percent
- Census 2020 base population19,768
- Births, 2024219
- Deaths, 2024293
- Natural change, 2024-74
- Net domestic migration, 2024-117
- Net international migration, 20245
- Total net migration, 2024-112
- Cumulative net domestic migration, 2021 to 2024-269
- Rank by growth among US county-equivalents2838th
The county has lost 3.60 percent of its population since the 2020 census base.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Monroe County
Where people moving to Monroe County come from
- Tax returns filed by households arriving273
- People arriving, from those returns557
- Adjusted gross income arriving$11.6 m
- Net adjusted gross income movement$0
- Average income of an arriving household$42,557
- Largest single originMonroe County Non-migrants (6,348 households)
- Largest single destination (6,348 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Monroe County Non-migrants | 6,348 | 13,543 | $433.7 m |
| Other flows - Different State | 88 | 179 | $4.0 m |
| Other flows - South | 88 | 179 | $4.0 m |
| Other flows - Same State | 83 | 161 | $3.3 m |
| Baldwin County | 29 | 54 | $1.3 m |
| Conecuh County | 25 | 56 | $921,000 |
| Escambia County | 25 | 62 | $1.1 m |
| Mobile County | 23 | 45 | $1.1 m |
The largest single source of arrivals is Monroe County Non-migrants, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Monroe County
What the Monroe County economy runs on
- County GDP, 2024$848.1 m
- County GDP, 2023$822.6 m
- GDP change, 2023 to 20243.1 percent
- GDP change over five years24.3 percent
- Rank by GDP among Alabama counties45th
- Rank by GDP among US county-equivalents1986th
- GDP per resident$43,742
Output grew 3.1 percent in the latest year and 24.3 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Monroe County
Who employs people in Monroe County
- Covered employment, annual average5,953
- Establishments reporting488
- Average annual pay$53,376
- Average weekly wage$1,026
- Sector 31-33, employment1,195
- Sector 31-33, average annual pay$86,787
- Sector 44-45, employment714
- Sector 44-45, average annual pay$30,254
- Sector 48-49, employment362
- Sector 48-49, average annual pay$56,237
- Sector 42, employment340
- Sector 42, average annual pay$57,886
- Sector 56, employment244
- Sector 11, employment221
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 31-33 | 1,195 | 20 | $86,787 |
| Sector 44-45 | 714 | 78 | $30,254 |
| Sector 48-49 | 362 | 18 | $56,237 |
| Sector 42 | 340 | 20 | $57,886 |
| Sector 56 | 244 | 18 | $37,082 |
| Sector 11 | 221 | 37 | $63,426 |
| Sector 81 | 176 | 26 | $57,744 |
| Sector 23 | 174 | 22 | $63,393 |
The largest sector is the biggest private employer group at 1,195 jobs, 20.1 percent of covered employment. Average pay per job exceeds median household income, which usually means single earner households and a wage base that can carry rent.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Monroe County
What businesses operate in Monroe County
- Establishments, all industries382
- Employment at those establishments5,195
- Annual payroll$266.9 m
- Establishments per 1,000 residents19.7
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against.
US Census Bureau, County Business Patterns, 2023.
Monroe County
What is being built in Monroe County
- Housing units authorised by permit, 202447
- Declared construction value permitted$10.9 m
- Single family units authorised2
- Multifamily units authorised45
- Multifamily share of units95.7 percent
- Average declared value per unit$232,340
- Units authorised per 1,000 households6.4
Multifamily is 95.7 percent of units authorised, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Monroe County
How much SBA lending happens in Monroe County
- 7(a) approvals recorded5
- 7(a) gross approval dollars$2.4 m
- Average 7(a) approval$470,940
- Median 7(a) approval$350,000
- 10th percentile approval$50,000
- 90th percentile approval$900,000
- Largest single approval$900,000
- Jobs reported supported, 7(a)32
- Jobs per approval6.4
- Distinct 7(a) lenders active4
- Distinct industries receiving approvals5
- Median 7(a) term240 months
- Share of loans on real estate terms, 240 months or longer60.0 percent
- Loans on real estate terms3
- Loans on working capital terms, 120 months or shorter2
- Franchise loans0
- Franchise share of approvals0.0 percent
- Leading industry by approval countPet and Pet Supplies Retailers (1)
- Most active lenderUnited Bank (2)
- 504 approvals recorded2
- 504 gross approval dollars$5.7 m
- Average 504 approval$2,848,500
- Median 504 approval$5,500,000
- Distinct CDCs active2
- 504 jobs per approval0.0
- 504 jobs per million dollars approved0.0
- Most active CDCBirmingham Citywide Local Development Company (1)
- 7(a) share of SBA approvals71.4 percent
- Combined SBA approval dollars$8.1 m
The average approval of $470,940 sits close to the median of $350,000, so lending here is fairly evenly sized rather than driven by a few large deals. 60.0 percent of approvals run on real estate terms of 240 months or more, so this is a market where SBA credit is buying buildings, not just funding operations.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Monroe County
Do SBA loans in Monroe County get paid back
- Loans with a final outcome recorded0
- Paid in full0
- Charged off0
- Status: Exempt from disclosure4
- Status: Cancelled1
Too few loans have reached a final outcome to publish a charge off rate. only 0 resolved loans, too few to publish a rate. A rate computed on a handful of loans is noise, so none is shown.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Monroe County
Which parts of Monroe County get the lending
- Places in the county with recorded lending3
- MONROEVILLE, approvals3
- Beatrice, approvals1
- FRISCO CITY, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| MONROEVILLE | 3 | $1,404,700 |
| Beatrice | 1 | $50,000 |
| FRISCO CITY | 1 | $900,000 |
MONROEVILLE accounts for 3 approvals against 1 in Beatrice. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Monroe County
How big is Monroe County
- Land area1,026 sq mi
- Rank by land area among Alabama counties9th of 67
- Width, east to west51.8 mi
- Height, north to south40.5 mi
- Geographies sharing a boundary6
- Residents per square mile of land19
- Establishments per square mile0.37
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- No NFIP communities are listed for this county in the FEMA Community Status Book.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
Feasibility studies
When a Monroe County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Monroe County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population19,388
- Households7,363
- Average household size2.63
- Median household income$42,292
- Median age44.2
Common questions
Monroe County questions, answered from the record.
How many people live in Monroe County, Alabama?
19,388, in 7,363 households, ranking 46th of 67 Alabama counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Monroe County growing?
The population has fallen 3.60 percent since the 2020 census base. In 2024 there were 219 births against 293 deaths, with net migration of -112. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Monroe County?
$42,292. The median owner-occupied home is valued at $120,600, which is 2.9 times income, and median gross rent is $666 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Monroe County?
382 establishments, employing 5,195 people with an annual payroll of $266.9 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Monroe County?
Average annual pay is $53,376, or $1,026 a week, across 5,953 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Monroe County?
5 7(a) approvals totalling $2.4 m since FY2020, across 4 lenders, with a median approval of $350,000, plus 2 504 approvals worth $5.7 m. These are approvals recorded in the release, not loans disbursed.
What is being built in Monroe County?
47 housing units were authorised by permit in 2024, with a declared construction value of $10.9 m. Multifamily was 95.7 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Monroe County?
Zone 3, a predicted average indoor radon screening level less than 2 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Monroe County come from?
The largest single origin is Monroe County Non-migrants, with 6,348 households. Arriving households report an average income of $42,557 against null for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Monroe County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Monroe County?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.