Elbert County, Colorado: commercial real estate data.
Elbert County, Colorado has a population of 27,874 across 1,851 square miles, up 12.8 percent since the 2020 census base. County output reached $1.04 bn in 2024, 722 establishments operate here, and the SBA record carries 62 7(a) approvals worth $32.7 m.
121 sourced county values · tier FULL · 11 sections
Elbert County
How many people live in Elbert County
- Population27,874
- Households10,004
- Average household size2.79
- Median household income$132,685
- Median age45.0
- Median gross rent$1,311 per month
- Median owner-occupied home value$709,800
- Home value to household income5.3 times
- Annual rent as a share of median income11.9 percent
- Adults 25 and over with a bachelor degree or higher36.1 percent
- Adults 25 and over with a graduate degree10.8 percent
- Adults 25 and over20,179
- Population under 185,919
- Share under 1821.2 percent
- Population 65 and over5,246
- Share 65 and over18.8 percent
- Working age population, 18 to 6416,709
- Civilian labor force14,867
- Unemployment rate3.4 percent
- Labor force participation, adults 18 and over67.7 percent
- Rank by population among Colorado counties21st of 64
- Rank by population among US county-equivalents1548th
Elbert County is the 21st largest of 64 Colorado counties by population. A median home costs 5.3 times median household income, which is a stretched ownership market and usually shows up as rental demand. Residents under 18 outnumber those 65 and over, at 21.2 percent against 18.8 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Elbert County
Is Elbert County growing
- Population change since the 2020 census base12.81 percent
- Census 2020 base population26,046
- Births, 2024297
- Deaths, 2024218
- Natural change, 202479
- Net domestic migration, 2024489
- Net international migration, 20246
- Total net migration, 2024495
- Cumulative net domestic migration, 2021 to 20242,954
- Rank by growth among US county-equivalents93rd
The county has grown 12.81 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.
Elbert County
Where people moving to Elbert County come from
- Tax returns filed by households arriving1,416
- People arriving, from those returns2,950
- Adjusted gross income arriving$151.0 m
- Net adjusted gross income movement$0
- Average income of an arriving household$106,634
- Largest single originElbert County Non-migrants (10,056 households)
- Largest single destination (10,056 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Elbert County Non-migrants | 10,056 | 21,683 | $1.28 bn |
| Douglas County | 427 | 963 | $52.9 m |
| Other flows - Different State | 296 | 592 | $32.8 m |
| Arapahoe County | 256 | 572 | $27.0 m |
| Other flows - West | 119 | 223 | $13.3 m |
| Other flows - South | 108 | 232 | $9.6 m |
| Jefferson County | 96 | 185 | $9.1 m |
| Other flows - Same State | 95 | 168 | $6.7 m |
The largest single source of arrivals is Elbert 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.
Elbert County
What the Elbert County economy runs on
- County GDP, 2024$1.04 bn
- County GDP, 2023$950.7 m
- GDP change, 2023 to 20249.6 percent
- GDP change over five years37.4 percent
- Rank by GDP among Colorado counties31st
- Rank by GDP among US county-equivalents1813th
- GDP per resident$37,377
Output grew 9.6 percent in the latest year and 37.4 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.
Elbert County
Who employs people in Elbert County
- Covered employment, annual average4,889
- Establishments reporting900
- Average annual pay$60,082
- Average weekly wage$1,155
- Sector 23, employment1,018
- Sector 23, average annual pay$66,690
- Sector 44-45, employment570
- Sector 44-45, average annual pay$33,767
- Sector 72, employment392
- Sector 72, average annual pay$21,723
- Sector 54, employment343
- Sector 54, average annual pay$108,514
- Sector 56, employment256
- Sector 42, employment213
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 23 | 1,018 | 195 | $66,690 |
| Sector 44-45 | 570 | 44 | $33,767 |
| Sector 72 | 392 | 32 | $21,723 |
| Sector 54 | 343 | 162 | $108,514 |
| Sector 56 | 256 | 63 | $67,684 |
| Sector 42 | 213 | 54 | $128,951 |
| Sector 81 | 144 | 60 | $57,377 |
| Sector 31-33 | 131 | 26 | $53,712 |
The largest sector is the biggest private employer group at 1,018 jobs, 20.8 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.
Elbert County
What businesses operate in Elbert County
- Establishments, all industries722
- Employment at those establishments3,474
- Annual payroll$170.3 m
- Establishments per 1,000 residents25.9
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.
Elbert County
What is being built in Elbert County
- Housing units authorised by permit, 2024458
- Declared construction value permitted$208.7 m
- Single family units authorised458
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$455,715
- Units authorised per 1,000 households45.8
Multifamily is 0.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Elbert County
How much SBA lending happens in Elbert County
- 7(a) approvals recorded62
- 7(a) gross approval dollars$32.7 m
- Average 7(a) approval$526,655
- Median 7(a) approval$175,000
- 10th percentile approval$23,000
- 90th percentile approval$1,557,000
- Largest single approval$4,000,000
- Jobs reported supported, 7(a)596
- Jobs per approval9.6
- Distinct 7(a) lenders active30
- Distinct industries receiving approvals41
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer17.7 percent
- Loans on real estate terms11
- Loans on working capital terms, 120 months or shorter51
- Franchise loans4
- Franchise share of approvals6.5 percent
- Leading industry by approval countPlumbing, Heating, and Air-Conditioning Contractors (5)
- Most active lenderThe Huntington National Bank (13)
- 504 approvals recorded8
- 504 gross approval dollars$3.8 m
- Average 504 approval$477,375
- Median 504 approval$502,000
- Distinct CDCs active4
- 504 jobs per approval4.9
- 504 jobs per million dollars approved10.2
- Most active CDCB:Side Capital (4)
- 7(a) share of SBA approvals88.6 percent
- Combined SBA approval dollars$36.5 m
The average approval of $526,655 sits well above the median of $175,000, 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. Only 17.7 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
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.
Elbert County
Do SBA loans in Elbert County get paid back
- Loans with a final outcome recorded3
- Paid in full3
- Charged off0
- Status: Cancelled5
- Status: Paid in full3
- Status: Exempt from disclosure45
- Status: Committed, not yet disbursed9
Too few loans have reached a final outcome to publish a charge off rate. only 3 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.
Elbert County
Which parts of Elbert County get the lending
- Places in the county with recorded lending8
- ELIZABETH, approvals38
- KIOWA, approvals13
- PARKER, approvals6
- PEYTON, approvals1
- SIMLA, approvals1
- PUEBLO WEST, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| ELIZABETH | 38 | $18,940,100 |
| KIOWA | 13 | $10,272,000 |
| PARKER | 6 | $2,012,100 |
| PEYTON | 1 | $500,000 |
| SIMLA | 1 | $140,000 |
| PUEBLO WEST | 1 | $720,000 |
| ELBERT | 1 | $45,400 |
| CALHAN | 1 | $23,000 |
ELIZABETH accounts for 38 approvals against 13 in KIOWA. 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.
Elbert County
How big is Elbert County
- Land area1,851 sq mi
- Rank by land area among Colorado counties21st of 64
- Width, east to west50.9 mi
- Height, north to south48.3 mi
- Geographies sharing a boundary4
- Residents per square mile of land15
- Establishments per square mile0.39
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 Elbert 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 Elbert County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population27,874
- Households10,004
- Average household size2.79
- Median household income$132,685
- Median age45.0
Common questions
Elbert County questions, answered from the record.
How many people live in Elbert County, Colorado?
27,874, in 10,004 households, ranking 21st of 64 Colorado counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Elbert County growing?
The population has grown 12.81 percent since the 2020 census base. In 2024 there were 297 births against 218 deaths, with net migration of 495. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Elbert County?
$132,685. The median owner-occupied home is valued at $709,800, which is 5.3 times income, and median gross rent is $1,311 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Elbert County?
722 establishments, employing 3,474 people with an annual payroll of $170.3 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 Elbert County?
Average annual pay is $60,082, or $1,155 a week, across 4,889 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Elbert County?
62 7(a) approvals totalling $32.7 m since FY2020, across 30 lenders, with a median approval of $175,000, plus 8 504 approvals worth $3.8 m. These are approvals recorded in the release, not loans disbursed.
What is being built in Elbert County?
458 housing units were authorised by permit in 2024, with a declared construction value of $208.7 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Elbert County?
Zone 1, a predicted average indoor radon screening level greater than 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 Elbert County come from?
The largest single origin is Elbert County Non-migrants, with 10,056 households. Arriving households report an average income of $106,634 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 Elbert 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 Elbert 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.