Boone County, Arkansas: commercial real estate data.
Boone County, Arkansas has a population of 38,138 across 590 square miles, up 3.4 percent since the 2020 census base. County output reached $1.93 bn in 2024, 916 establishments operate here, and the SBA record carries 21 7(a) approvals worth $22.2 m.
115 sourced county values · tier FULL · 11 sections
Boone County
How many people live in Boone County
- Population38,138
- Households15,363
- Average household size2.48
- Median household income$55,143
- Median age41.4
- Median gross rent$733 per month
- Median owner-occupied home value$188,900
- Home value to household income3.4 times
- Annual rent as a share of median income16.0 percent
- Adults 25 and over with a bachelor degree or higher17.2 percent
- Adults 25 and over with a graduate degree5.7 percent
- Adults 25 and over26,726
- Population under 188,586
- Share under 1822.5 percent
- Population 65 and over8,083
- Share 65 and over21.2 percent
- Working age population, 18 to 6421,469
- Civilian labor force17,245
- Unemployment rate2.5 percent
- Labor force participation, adults 18 and over58.4 percent
- Rank by population among Arkansas counties20th of 75
- Rank by population among US county-equivalents1250th
Boone County is the 20th largest of 75 Arkansas counties by population. A median home costs 3.4 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 22.5 percent against 21.2 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Boone County
Is Boone County growing
- Population change since the 2020 census base3.38 percent
- Census 2020 base population37,374
- Births, 2024398
- Deaths, 2024506
- Natural change, 2024-108
- Net domestic migration, 2024230
- Net international migration, 20243
- Total net migration, 2024233
- Cumulative net domestic migration, 2021 to 20241,874
- Rank by growth among US county-equivalents801st
The county has grown 3.38 percent since the 2020 census base. Deaths exceeded births in 2024, so all of the growth came from people moving in. A market held up by migration alone is more sensitive to a change in relative cost than one growing from household formation.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Boone County
Where people moving to Boone County come from
- Tax returns filed by households arriving1,014
- People arriving, from those returns1,987
- Adjusted gross income arriving$51.8 m
- Net adjusted gross income movement$0
- Average income of an arriving household$51,048
- Largest single originBoone County Non-migrants (12,854 households)
- Largest single destination (12,854 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Boone County Non-migrants | 12,854 | 27,479 | $809.4 m |
| Other flows - Different State | 473 | 969 | $27.0 m |
| Other flows - South | 193 | 405 | $9.8 m |
| Other flows - Midwest | 145 | 277 | $7.5 m |
| Other flows - Same State | 141 | 273 | $6.9 m |
| Other flows - West | 135 | 287 | $9.7 m |
| Carroll County | 73 | 145 | $2.1 m |
| Newton County | 73 | 143 | $2.5 m |
The largest single source of arrivals is Boone 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.
Boone County
What the Boone County economy runs on
- County GDP, 2024$1.93 bn
- County GDP, 2023$1.85 bn
- GDP change, 2023 to 20244.8 percent
- GDP change over five years39.8 percent
- Rank by GDP among Arkansas counties20th
- Rank by GDP among US county-equivalents1311th
- GDP per resident$50,699
Output grew 4.8 percent in the latest year and 39.8 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.
Boone County
Who employs people in Boone County
- Covered employment, annual average14,330
- Establishments reporting989
- Average annual pay$48,350
- Average weekly wage$930
- Sector 44-45, employment2,200
- Sector 44-45, average annual pay$35,747
- Sector 62, employment1,627
- Sector 62, average annual pay$44,419
- Sector 31-33, employment1,575
- Sector 31-33, average annual pay$48,729
- Sector 72, employment1,266
- Sector 72, average annual pay$20,027
- Sector 48-49, employment1,214
- Sector 56, employment947
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 44-45 | 2,200 | 143 | $35,747 |
| Sector 62 | 1,627 | 138 | $44,419 |
| Sector 31-33 | 1,575 | 54 | $48,729 |
| Sector 72 | 1,266 | 68 | $20,027 |
| Sector 48-49 | 1,214 | 39 | $75,388 |
| Sector 56 | 947 | 64 | $63,558 |
| Sector 42 | 411 | 48 | $56,024 |
| Sector 52 | 328 | 54 | $79,111 |
The largest sector is the biggest private employer group at 2,200 jobs, 15.4 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.
Boone County
What businesses operate in Boone County
- Establishments, all industries916
- Employment at those establishments12,566
- Annual payroll$571.5 m
- Establishments per 1,000 residents24.0
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.
Boone County
What is being built in Boone County
- Housing units authorised by permit, 202496
- Declared construction value permitted$10.4 m
- Single family units authorised20
- Multifamily units authorised76
- Multifamily share of units79.2 percent
- Average declared value per unit$107,967
- Units authorised per 1,000 households6.2
Multifamily is 79.2 percent of units authorised, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Boone County
How much SBA lending happens in Boone County
- 7(a) approvals recorded21
- 7(a) gross approval dollars$22.2 m
- Average 7(a) approval$1,057,143
- Median 7(a) approval$430,000
- 10th percentile approval$60,000
- 90th percentile approval$2,760,000
- Largest single approval$4,675,000
- Jobs reported supported, 7(a)422
- Jobs per approval20.1
- Distinct 7(a) lenders active12
- Distinct industries receiving approvals17
- Median 7(a) term122 months
- Share of loans on real estate terms, 240 months or longer42.9 percent
- Loans on real estate terms9
- Loans on working capital terms, 120 months or shorter10
- Franchise loans3
- Franchise share of approvals14.3 percent
- Leading industry by approval countHotels (except Casino Hotels) and Motels (2)
- Most active lenderEquity Bank (3)
- 504 approvals recorded4
- 504 gross approval dollars$3.4 m
- Average 504 approval$841,500
- Median 504 approval$1,196,000
- Distinct CDCs active2
- 504 jobs per approval12.5
- 504 jobs per million dollars approved14.9
- Most active CDCRural Missouri, Inc. (3)
- 7(a) share of SBA approvals84.0 percent
- Combined SBA approval dollars$25.6 m
The average approval of $1,057,143 sits well above the median of $430,000, 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. 42.9 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.
Boone County
Do SBA loans in Boone County get paid back
- Loans with a final outcome recorded8
- Paid in full8
- Charged off0
- Status: Paid in full8
- Status: Exempt from disclosure13
Too few loans have reached a final outcome to publish a charge off rate. only 8 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.
Boone County
Which parts of Boone County get the lending
- Places in the county with recorded lending2
- Harrison, approvals20
- OMAHA, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| Harrison | 20 | $22,100,000 |
| OMAHA | 1 | $100,000 |
Harrison accounts for 20 approvals against 1 in OMAHA. 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.
Boone County
How big is Boone County
- Land area590 sq mi
- Rank by land area among Arkansas counties61st of 75
- Width, east to west24.9 mi
- Height, north to south26.5 mi
- Geographies sharing a boundary4
- Residents per square mile of land65
- Establishments per square mile1.55
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 Boone 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 Boone County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population38,138
- Households15,363
- Average household size2.48
- Median household income$55,143
- Median age41.4
Common questions
Boone County questions, answered from the record.
How many people live in Boone County, Arkansas?
38,138, in 15,363 households, ranking 20th of 75 Arkansas counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Boone County growing?
The population has grown 3.38 percent since the 2020 census base. In 2024 there were 398 births against 506 deaths, with net migration of 233. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Boone County?
$55,143. The median owner-occupied home is valued at $188,900, which is 3.4 times income, and median gross rent is $733 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Boone County?
916 establishments, employing 12,566 people with an annual payroll of $571.5 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 Boone County?
Average annual pay is $48,350, or $930 a week, across 14,330 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Boone County?
21 7(a) approvals totalling $22.2 m since FY2020, across 12 lenders, with a median approval of $430,000, plus 4 504 approvals worth $3.4 m. These are approvals recorded in the release, not loans disbursed.
What is being built in Boone County?
96 housing units were authorised by permit in 2024, with a declared construction value of $10.4 m. Multifamily was 79.2 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Boone 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 Boone County come from?
The largest single origin is Boone County Non-migrants, with 12,854 households. Arriving households report an average income of $51,048 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 Boone 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 Boone 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.