Graham County, Arizona: commercial real estate data.
Graham County, Arizona has a population of 39,232 across 4,623 square miles, up 4.4 percent since the 2020 census base. County output reached $2.02 bn in 2024, 574 establishments operate here, and the SBA record carries 19 7(a) approvals worth $10.9 m.
125 sourced county values · tier FULL · 12 sections
Graham County
How many people live in Graham County
- Population39,232
- Households12,746
- Average household size3.08
- Median household income$67,325
- Median age34.9
- Median gross rent$935 per month
- Median owner-occupied home value$212,000
- Home value to household income3.1 times
- Annual rent as a share of median income16.7 percent
- Adults 25 and over with a bachelor degree or higher14.6 percent
- Adults 25 and over with a graduate degree4.7 percent
- Adults 25 and over25,235
- Population under 1810,124
- Share under 1825.8 percent
- Population 65 and over5,687
- Share 65 and over14.5 percent
- Working age population, 18 to 6423,421
- Civilian labor force16,141
- Unemployment rate7.7 percent
- Labor force participation, adults 18 and over55.5 percent
- Rank by population among Arizona counties13th of 15
- Rank by population among US county-equivalents1225th
Graham County is the 13th largest of 15 Arizona counties by population. A median home costs 3.1 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 25.8 percent against 14.5 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Graham County
Is Graham County growing
- Population change since the 2020 census base4.42 percent
- Census 2020 base population38,539
- Births, 2024474
- Deaths, 2024400
- Natural change, 202474
- Net domestic migration, 2024514
- Net international migration, 202490
- Total net migration, 2024604
- Cumulative net domestic migration, 2021 to 20241,150
- Rank by growth among US county-equivalents625th
The county has grown 4.42 percent since the 2020 census base. Migration contributed more to 2024 change than births over deaths, so demand here follows people arriving rather than families forming.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Graham County
Where people moving to Graham County come from
- Tax returns filed by households arriving740
- People arriving, from those returns1,562
- Adjusted gross income arriving$36.8 m
- Net adjusted gross income movement$0
- Average income of an arriving household$49,682
- Largest single originGraham County Non-migrants (10,274 households)
- Largest single destination (10,274 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Graham County Non-migrants | 10,274 | 24,414 | $670.0 m |
| Other flows - Different State | 266 | 541 | $13.7 m |
| Other flows - West | 164 | 351 | $9.2 m |
| Maricopa County | 142 | 301 | $7.4 m |
| Pima County | 82 | 159 | $3.8 m |
| Greenlee County | 75 | 175 | $4.4 m |
| Other flows - South | 56 | 102 | $2.5 m |
| Cochise County | 48 | 112 | $2.0 m |
The largest single source of arrivals is Graham 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.
Graham County
What the Graham County economy runs on
- County GDP, 2024$2.02 bn
- County GDP, 2023$1.74 bn
- GDP change, 2023 to 202416.1 percent
- GDP change over five years59.4 percent
- Rank by GDP among Arizona counties14th
- Rank by GDP among US county-equivalents1273rd
- GDP per resident$51,367
Output grew 16.1 percent in the latest year and 59.4 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.
Graham County
Who employs people in Graham County
- Covered employment, annual average10,751
- Establishments reporting624
- Average annual pay$57,182
- Average weekly wage$1,100
- Sector 44-45, employment1,556
- Sector 44-45, average annual pay$35,870
- Sector 62, employment1,391
- Sector 62, average annual pay$59,405
- Sector 72, employment1,035
- Sector 72, average annual pay$21,091
- Sector 23, employment430
- Sector 23, average annual pay$55,489
- Sector 81, employment294
- Sector 54, employment214
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 44-45 | 1,556 | 81 | $35,870 |
| Sector 62 | 1,391 | 79 | $59,405 |
| Sector 72 | 1,035 | 56 | $21,091 |
| Sector 23 | 430 | 71 | $55,489 |
| Sector 81 | 294 | 37 | $62,609 |
| Sector 54 | 214 | 39 | $64,811 |
| Sector 31-33 | 208 | 19 | $46,271 |
| Sector 42 | 191 | 19 | $75,730 |
The largest sector is the biggest private employer group at 1,556 jobs, 14.5 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Graham County
What businesses operate in Graham County
- Establishments, all industries574
- Employment at those establishments8,396
- Annual payroll$402.7 m
- Establishments per 1,000 residents14.6
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.
Graham County
What is being built in Graham County
- Housing units authorised by permit, 2024137
- Declared construction value permitted$43.3 m
- Single family units authorised133
- Multifamily units authorised4
- Multifamily share of units2.9 percent
- Average declared value per unit$316,317
- Units authorised per 1,000 households10.7
Multifamily is 2.9 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Graham County
How much SBA lending happens in Graham County
- 7(a) approvals recorded19
- 7(a) gross approval dollars$10.9 m
- Average 7(a) approval$575,847
- Median 7(a) approval$249,000
- 10th percentile approval$20,000
- 90th percentile approval$1,785,000
- Largest single approval$1,980,300
- Jobs reported supported, 7(a)176
- Jobs per approval9.3
- Distinct 7(a) lenders active15
- Distinct industries receiving approvals16
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer31.6 percent
- Loans on real estate terms6
- Loans on working capital terms, 120 months or shorter12
- Franchise loans2
- Franchise share of approvals10.5 percent
- Leading industry by approval countGasoline Stations with Convenience Stores (2)
- Most active lenderZions Bank, A Division of (2)
- 504 approvals recorded5
- 504 gross approval dollars$5.4 m
- Average 504 approval$1,086,200
- Median 504 approval$1,069,000
- Distinct CDCs active2
- 504 jobs per approval11.0
- 504 jobs per million dollars approved10.1
- Most active CDCArizona Capital Source (4)
- 7(a) share of SBA approvals79.2 percent
- Combined SBA approval dollars$16.4 m
The average approval of $575,847 sits well above the median of $249,000, 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. 31.6 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.
Graham County
Do SBA loans in Graham County get paid back
- Loans with a final outcome recorded5
- Paid in full5
- Charged off0
- Status: Paid in full5
- Status: Cancelled3
- Status: Exempt from disclosure9
- Status: Committed, not yet disbursed2
Too few loans have reached a final outcome to publish a charge off rate. only 5 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.
Graham County
Which parts of Graham County get the lending
- Places in the county with recorded lending5
- SAFFORD, approvals10
- THATCHER, approvals4
- PIMA, approvals3
- Fort Thomas, approvals1
- WILLCOX, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| SAFFORD | 10 | $5,443,000 |
| THATCHER | 4 | $2,951,300 |
| PIMA | 3 | $1,053,800 |
| Fort Thomas | 1 | $1,430,000 |
| WILLCOX | 1 | $63,000 |
SAFFORD accounts for 10 approvals against 4 in THATCHER. 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.
Graham County
How big is Graham County
- Land area4,623 sq mi
- Rank by land area among Arizona counties12th of 15
- Width, east to west77.9 mi
- Height, north to south84.8 mi
- Geographies sharing a boundary7
- Residents per square mile of land8
- Establishments per square mile0.12
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.
Graham County
What hazards affect Graham County
- EPA radon zone predicted average indoor radon screening level from 2 to 4 pCi/LZone 2
- Communities in the NFIP Community Status Book4
- Of those, participating in the NFIP4
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
The EPA places the county in radon zone 2, a predicted average indoor radon screening level from 2 to 4 pCi/L.
US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001. FEMA OpenFEMA, NFIP Community Status Book, Community Status Book, as retrieved.
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.
- 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 Graham 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 Graham County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population39,232
- Households12,746
- Average household size3.08
- Median household income$67,325
- Median age34.9
Common questions
Graham County questions, answered from the record.
How many people live in Graham County, Arizona?
39,232, in 12,746 households, ranking 13th of 15 Arizona counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Graham County growing?
The population has grown 4.42 percent since the 2020 census base. In 2024 there were 474 births against 400 deaths, with net migration of 604. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Graham County?
$67,325. The median owner-occupied home is valued at $212,000, which is 3.1 times income, and median gross rent is $935 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Graham County?
574 establishments, employing 8,396 people with an annual payroll of $402.7 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 Graham County?
Average annual pay is $57,182, or $1,100 a week, across 10,751 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Graham County?
19 7(a) approvals totalling $10.9 m since FY2020, across 15 lenders, with a median approval of $249,000, plus 5 504 approvals worth $5.4 m. These are approvals recorded in the release, not loans disbursed.
What is being built in Graham County?
137 housing units were authorised by permit in 2024, with a declared construction value of $43.3 m. Multifamily was 2.9 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Graham 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 Graham County come from?
The largest single origin is Graham County Non-migrants, with 10,274 households. Arriving households report an average income of $49,682 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 Graham 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 Graham 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.