Phillips County, Arkansas: commercial real estate data.
Phillips County, Arkansas has a population of 15,450 across 696 square miles, down 11.5 percent since the 2020 census base. County output reached $677.6 m in 2024, 329 establishments operate here, and the SBA record carries 3 7(a) approvals worth $566,000.
105 sourced county values · tier FULL · 11 sections
Phillips County
How many people live in Phillips County
- Population15,450
- Households6,023
- Average household size2.57
- Median household income$40,134
- Median age40.9
- Median gross rent$737 per month
- Median owner-occupied home value$78,200
- Home value to household income1.9 times
- Annual rent as a share of median income22.0 percent
- Adults 25 and over with a bachelor degree or higher15.0 percent
- Adults 25 and over with a graduate degree5.5 percent
- Adults 25 and over10,188
- Population under 184,054
- Share under 1826.2 percent
- Population 65 and over3,200
- Share 65 and over20.7 percent
- Working age population, 18 to 648,196
- Civilian labor force5,777
- Unemployment rate14.5 percent
- Labor force participation, adults 18 and over50.7 percent
- Rank by population among Arkansas counties50th of 75
- Rank by population among US county-equivalents2128th
Phillips County is the 50th largest of 75 Arkansas counties by population. A median home costs 1.9 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 26.2 percent against 20.7 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Phillips County
Is Phillips County growing
- Population change since the 2020 census base-11.52 percent
- Census 2020 base population16,570
- Births, 2024208
- Deaths, 2024245
- Natural change, 2024-37
- Net domestic migration, 2024-358
- Net international migration, 202468
- Total net migration, 2024-290
- Cumulative net domestic migration, 2021 to 2024-1,665
- Rank by growth among US county-equivalents3132nd
The county has lost 11.52 percent of its population since the 2020 census base.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Phillips County
Where people moving to Phillips County come from
- Tax returns filed by households arriving247
- People arriving, from those returns463
- Adjusted gross income arriving$6.5 m
- Net adjusted gross income movement$0
- Average income of an arriving household$26,296
- Largest single originPhillips County Non-migrants (5,090 households)
- Largest single destination (5,090 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Phillips County Non-migrants | 5,090 | 10,545 | $219.2 m |
| Other flows - Different State | 113 | 213 | $3.5 m |
| Other flows - South | 88 | 163 | $2.6 m |
| Other flows - Same State | 81 | 138 | $1.6 m |
| Pulaski County | 30 | 65 | $735,000 |
| Other flows - Midwest | 25 | 50 | $890,000 |
| Lee County | 23 | 47 | $601,000 |
The largest single source of arrivals is Phillips 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.
Phillips County
What the Phillips County economy runs on
- County GDP, 2024$677.6 m
- County GDP, 2023$698.1 m
- GDP change, 2023 to 2024-2.9 percent
- GDP change over five years18.8 percent
- Rank by GDP among Arkansas counties48th
- Rank by GDP among US county-equivalents2178th
- GDP per resident$43,856
Output grew -2.9 percent in the latest year and 18.8 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.
Phillips County
Who employs people in Phillips County
- Covered employment, annual average4,531
- Establishments reporting579
- Average annual pay$41,596
- Average weekly wage$800
- Sector 62, employment634
- Sector 62, average annual pay$39,325
- Sector 44-45, employment584
- Sector 44-45, average annual pay$29,054
- Sector 72, employment401
- Sector 72, average annual pay$18,356
- Sector 31-33, employment354
- Sector 31-33, average annual pay$52,546
- Sector 11, employment335
- Sector 42, employment274
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 62 | 634 | 170 | $39,325 |
| Sector 44-45 | 584 | 54 | $29,054 |
| Sector 72 | 401 | 28 | $18,356 |
| Sector 31-33 | 354 | 10 | $52,546 |
| Sector 11 | 335 | 52 | $47,040 |
| Sector 42 | 274 | 31 | $58,603 |
| Sector 61 | 258 | 4 | $43,692 |
| Sector 48-49 | 151 | 24 | $64,868 |
The largest sector is the biggest private employer group at 634 jobs, 14.0 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.
Phillips County
What businesses operate in Phillips County
- Establishments, all industries329
- Employment at those establishments3,331
- Annual payroll$141.1 m
- Establishments per 1,000 residents21.3
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.
Phillips County
What is being built in Phillips County
- Housing units authorised by permit, 202416
- Declared construction value permitted$3.8 m
- Single family units authorised10
- Multifamily units authorised6
- Multifamily share of units37.5 percent
- Average declared value per unit$235,992
- Units authorised per 1,000 households2.7
Multifamily is 37.5 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Phillips County
How much SBA lending happens in Phillips County
- 7(a) approvals recorded3
- 7(a) gross approval dollars$566,000
- Average 7(a) approval$188,667
- Median 7(a) approval$215,000
- 10th percentile approval$100,000
- 90th percentile approval$251,000
- Largest single approval$251,000
- Jobs reported supported, 7(a)17
- Jobs per approval5.7
- Distinct 7(a) lenders active2
- Distinct industries receiving approvals3
- Median 7(a) term180 months
- Share of loans on real estate terms, 240 months or longer33.3 percent
- Loans on real estate terms1
- Loans on working capital terms, 120 months or shorter1
- Franchise loans0
- Franchise share of approvals0.0 percent
- Leading industry by approval countFull-Service Restaurants (1)
- Most active lenderSouthern Bancorp Bank (2)
The average approval of $188,667 sits close to the median of $215,000, so lending here is fairly evenly sized rather than driven by a few large deals. 33.3 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.
Phillips County
Do SBA loans in Phillips County get paid back
- Loans with a final outcome recorded0
- Paid in full0
- Charged off0
- Status: Exempt from disclosure2
- 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.
Phillips County
Which parts of Phillips County get the lending
- Places in the county with recorded lending2
- West Helena, approvals2
- Helena, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| West Helena | 2 | $351,000 |
| Helena | 1 | $215,000 |
West Helena accounts for 2 approvals against 1 in Helena. 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.
Phillips County
How big is Phillips County
- Land area696 sq mi
- Rank by land area among Arkansas counties30th of 75
- Width, east to west31.5 mi
- Height, north to south36.4 mi
- Geographies sharing a boundary4
- Residents per square mile of land22
- Establishments per square mile0.47
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 504 approvals recorded in this county in the FOIA release covering FY2010 onward.
- 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 Phillips 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 Phillips County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population15,450
- Households6,023
- Average household size2.57
- Median household income$40,134
- Median age40.9
Common questions
Phillips County questions, answered from the record.
How many people live in Phillips County, Arkansas?
15,450, in 6,023 households, ranking 50th of 75 Arkansas counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Phillips County growing?
The population has fallen 11.52 percent since the 2020 census base. In 2024 there were 208 births against 245 deaths, with net migration of -290. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Phillips County?
$40,134. The median owner-occupied home is valued at $78,200, which is 1.9 times income, and median gross rent is $737 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Phillips County?
329 establishments, employing 3,331 people with an annual payroll of $141.1 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 Phillips County?
Average annual pay is $41,596, or $800 a week, across 4,531 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Phillips County?
3 7(a) approvals totalling $566,000 since FY2020, across 2 lenders, with a median approval of $215,000. These are approvals recorded in the release, not loans disbursed.
What is being built in Phillips County?
16 housing units were authorised by permit in 2024, with a declared construction value of $3.8 m. Multifamily was 37.5 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Phillips 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 Phillips County come from?
The largest single origin is Phillips County Non-migrants, with 5,090 households. Arriving households report an average income of $26,296 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 Phillips 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 Phillips 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.