Montgomery County, Alabama: commercial real estate data.
Montgomery County, Alabama has a population of 226,718 across 784 square miles, down 1.3 percent since the 2020 census base. County output reached $19.86 bn in 2024, 5,584 establishments operate here, and the SBA record carries 127 7(a) approvals worth $110.4 m.
120 sourced county values · tier FULL · 11 sections
Montgomery County
How many people live in Montgomery County
- Population226,718
- Households91,381
- Average household size2.48
- Median household income$59,386
- Median age37.1
- Median gross rent$1,092 per month
- Median owner-occupied home value$171,900
- Home value to household income2.9 times
- Annual rent as a share of median income22.1 percent
- Adults 25 and over with a bachelor degree or higher34.5 percent
- Adults 25 and over with a graduate degree14.9 percent
- Adults 25 and over150,322
- Population under 1854,656
- Share under 1824.1 percent
- Population 65 and over36,690
- Share 65 and over16.2 percent
- Working age population, 18 to 64135,372
- Civilian labor force103,143
- Unemployment rate5.9 percent
- Labor force participation, adults 18 and over59.9 percent
- Rank by population among Alabama counties7th of 67
- Rank by population among US county-equivalents316th
Montgomery County is the 7th 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 under 18 outnumber those 65 and over, at 24.1 percent against 16.2 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Montgomery County
Is Montgomery County growing
- Population change since the 2020 census base-1.34 percent
- Census 2020 base population228,957
- Births, 20242,940
- Deaths, 20242,401
- Natural change, 2024539
- Net domestic migration, 2024-2,114
- Net international migration, 20241,500
- Total net migration, 2024-614
- Cumulative net domestic migration, 2021 to 2024-7,684
- Rank by growth among US county-equivalents2305th
The county has lost 1.34 percent of its population since the 2020 census base. Births exceeded deaths in 2024 but more people left than arrived, so the population is being sustained internally rather than attracting.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Montgomery County
Where people moving to Montgomery County come from
- Tax returns filed by households arriving4,849
- People arriving, from those returns9,298
- Adjusted gross income arriving$279.9 m
- Net adjusted gross income movement$0
- Average income of an arriving household$57,715
- Largest single originMontgomery County Non-migrants (76,106 households)
- Largest single destination (76,106 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Montgomery County Non-migrants | 76,106 | 152,209 | $5.58 bn |
| Other flows - Different State | 1,845 | 3,597 | $130.7 m |
| Other flows - South | 1,143 | 2,242 | $78.0 m |
| Elmore County | 478 | 898 | $22.8 m |
| Autauga County | 290 | 571 | $12.1 m |
| Other flows - Midwest | 282 | 571 | $16.1 m |
| Other flows - West | 261 | 500 | $27.5 m |
| Other flows - Same State | 219 | 366 | $8.3 m |
The largest single source of arrivals is Montgomery 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.
Montgomery County
What the Montgomery County economy runs on
- County GDP, 2024$19.86 bn
- County GDP, 2023$18.75 bn
- GDP change, 2023 to 20245.9 percent
- GDP change over five years35.0 percent
- Rank by GDP among Alabama counties4th
- Rank by GDP among US county-equivalents260th
- GDP per resident$87,593
Output grew 5.9 percent in the latest year and 35.0 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.
Montgomery County
Who employs people in Montgomery County
- Covered employment, annual average132,903
- Establishments reporting7,267
- Average annual pay$61,610
- Average weekly wage$1,185
- Sector 31-33, employment15,108
- Sector 31-33, average annual pay$73,013
- Sector 62, employment12,310
- Sector 62, average annual pay$61,198
- Sector 44-45, employment11,705
- Sector 44-45, average annual pay$38,368
- Sector 72, employment10,522
- Sector 72, average annual pay$23,880
- Sector 56, employment9,688
- Sector 54, employment6,364
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 31-33 | 15,108 | 232 | $73,013 |
| Sector 62 | 12,310 | 931 | $61,198 |
| Sector 44-45 | 11,705 | 924 | $38,368 |
| Sector 72 | 10,522 | 614 | $23,880 |
| Sector 56 | 9,688 | 455 | $36,311 |
| Sector 54 | 6,364 | 948 | $93,394 |
| Sector 48-49 | 5,387 | 192 | $55,847 |
| Sector 23 | 5,154 | 394 | $73,214 |
The largest sector is the biggest private employer group at 15,108 jobs, 11.4 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.
Montgomery County
What businesses operate in Montgomery County
- Establishments, all industries5,584
- Employment at those establishments103,653
- Annual payroll$5.57 bn
- Establishments per 1,000 residents24.6
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.
Montgomery County
What is being built in Montgomery County
- Housing units authorised by permit, 2024460
- Declared construction value permitted$108.2 m
- Single family units authorised421
- Multifamily units authorised39
- Multifamily share of units8.5 percent
- Average declared value per unit$235,270
- Units authorised per 1,000 households5.0
Multifamily is 8.5 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Montgomery County
How much SBA lending happens in Montgomery County
- 7(a) approvals recorded127
- 7(a) gross approval dollars$110.4 m
- Average 7(a) approval$869,405
- Median 7(a) approval$330,000
- 10th percentile approval$50,000
- 90th percentile approval$2,850,000
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)1,604
- Jobs per approval12.6
- Distinct 7(a) lenders active56
- Distinct industries receiving approvals74
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer31.5 percent
- Loans on real estate terms40
- Loans on working capital terms, 120 months or shorter73
- Franchise loans27
- Franchise share of approvals21.3 percent
- Leading industry by approval countHotels (except Casino Hotels) and Motels (17)
- Most active lenderThe Huntington National Bank (11)
- 504 approvals recorded51
- 504 gross approval dollars$35.8 m
- Average 504 approval$701,412
- Median 504 approval$477,000
- Distinct CDCs active4
- 504 jobs per approval8.1
- 504 jobs per million dollars approved11.6
- Most active CDCSouthern Development Council (31)
- 7(a) share of SBA approvals71.3 percent
- Combined SBA approval dollars$146.2 m
The average approval of $869,405 sits well above the median of $330,000, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually gets. 31.5 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.
Montgomery County
Do SBA loans in Montgomery County get paid back
- Loans with a final outcome recorded14
- Paid in full13
- Charged off1
- Charge off rate on resolved loans7.1 percent
- Status: Exempt from disclosure93
- Status: Paid in full13
- Status: Charged off1
- Status: Cancelled15
- Status: Committed, not yet disbursed5
Of the 14 loans that have reached a final outcome, 7.1 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Montgomery County
Which parts of Montgomery County get the lending
- Places in the county with recorded lending3
- MONTGOMERY, approvals116
- PIKE ROAD, approvals10
- Grady, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| MONTGOMERY | 116 | $103,250,000 |
| PIKE ROAD | 10 | $6,764,400 |
| Grady | 1 | $400,000 |
MONTGOMERY accounts for 116 approvals against 10 in PIKE ROAD. 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.
Montgomery County
How big is Montgomery County
- Land area784 sq mi
- Rank by land area among Alabama counties22nd of 67
- Width, east to west33.8 mi
- Height, north to south36.6 mi
- Geographies sharing a boundary7
- Residents per square mile of land289
- Establishments per square mile7.12
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 Montgomery 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 Montgomery County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population226,718
- Households91,381
- Average household size2.48
- Median household income$59,386
- Median age37.1
Common questions
Montgomery County questions, answered from the record.
How many people live in Montgomery County, Alabama?
226,718, in 91,381 households, ranking 7th of 67 Alabama counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Montgomery County growing?
The population has fallen 1.34 percent since the 2020 census base. In 2024 there were 2,940 births against 2,401 deaths, with net migration of -614. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Montgomery County?
$59,386. The median owner-occupied home is valued at $171,900, which is 2.9 times income, and median gross rent is $1,092 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Montgomery County?
5,584 establishments, employing 103,653 people with an annual payroll of $5.57 bn. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Montgomery County?
Average annual pay is $61,610, or $1,185 a week, across 132,903 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Montgomery County?
127 7(a) approvals totalling $110.4 m since FY2020, across 56 lenders, with a median approval of $330,000, plus 51 504 approvals worth $35.8 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Montgomery County get paid back?
Of the 14 loans that have reached a final outcome, 13 were paid in full and 1 charged off, a charge off rate of 7.1 percent. Loans still running are excluded, because they have not yet succeeded or failed.
What is being built in Montgomery County?
460 housing units were authorised by permit in 2024, with a declared construction value of $108.2 m. Multifamily was 8.5 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Montgomery County?
Zone 2, a predicted average indoor radon screening level from 2 to 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Montgomery County come from?
The largest single origin is Montgomery County Non-migrants, with 76,106 households. Arriving households report an average income of $57,715 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 Montgomery 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 Montgomery 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.