Suwannee County, Florida: commercial real estate data.
Suwannee County, Florida has a population of 45,342 across 689 square miles, up 9.3 percent since the 2020 census base. County output reached $2.10 bn in 2024, 755 establishments operate here, and the SBA record carries 22 7(a) approvals worth $22.0 m.
127 sourced county values · tier FULL · 12 sections
Suwannee County
How many people live in Suwannee County
- Population45,342
- Households16,112
- Average household size2.81
- Median household income$56,658
- Median age42.3
- Median gross rent$884 per month
- Median owner-occupied home value$171,600
- Home value to household income3.0 times
- Annual rent as a share of median income18.7 percent
- Adults 25 and over with a bachelor degree or higher16.6 percent
- Adults 25 and over with a graduate degree6.5 percent
- Adults 25 and over32,088
- Population under 189,471
- Share under 1820.9 percent
- Population 65 and over9,627
- Share 65 and over21.2 percent
- Working age population, 18 to 6426,244
- Civilian labor force18,857
- Unemployment rate6.3 percent
- Labor force participation, adults 18 and over52.6 percent
- Rank by population among Florida counties44th of 67
- Rank by population among US county-equivalents1093rd
Suwannee County is the 44th largest of 67 Florida counties by population. A median home costs 3.0 times median household income, which is an affordable ownership market by national standards. Residents 65 and over outnumber those under 18, at 21.2 percent against 20.9 percent, which points demand at health care, services and single storey product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Suwannee County
Is Suwannee County growing
- Population change since the 2020 census base9.35 percent
- Census 2020 base population43,473
- Births, 2024420
- Deaths, 2024690
- Natural change, 2024-270
- Net domestic migration, 20241,548
- Net international migration, 2024123
- Total net migration, 20241,671
- Cumulative net domestic migration, 2021 to 20244,850
- Rank by growth among US county-equivalents170th
The county has grown 9.35 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.
Suwannee County
Where people moving to Suwannee County come from
- Tax returns filed by households arriving1,598
- People arriving, from those returns3,077
- Adjusted gross income arriving$80.3 m
- Net adjusted gross income movement$0
- Average income of an arriving household$50,232
- Largest single originSuwannee County Non-migrants (14,152 households)
- Largest single destination (14,152 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Suwannee County Non-migrants | 14,152 | 29,011 | $804.0 m |
| Other flows - Different State | 486 | 948 | $25.2 m |
| Other flows - Same State | 341 | 623 | $19.1 m |
| Other flows - South | 255 | 515 | $13.1 m |
| Columbia County | 196 | 402 | $7.3 m |
| Other flows - West | 81 | 157 | $4.3 m |
| Other flows - Midwest | 79 | 138 | $3.9 m |
| Other flows - Northeast | 71 | 138 | $4.0 m |
The largest single source of arrivals is Suwannee 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.
Suwannee County
What the Suwannee County economy runs on
- County GDP, 2024$2.10 bn
- County GDP, 2023$1.91 bn
- GDP change, 2023 to 202410.3 percent
- GDP change over five years69.3 percent
- Rank by GDP among Florida counties43rd
- Rank by GDP among US county-equivalents1233rd
- GDP per resident$46,384
Output grew 10.3 percent in the latest year and 69.3 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.
Suwannee County
Who employs people in Suwannee County
- Covered employment, annual average12,030
- Establishments reporting934
- Average annual pay$47,639
- Average weekly wage$916
- Sector 44-45, employment1,962
- Sector 44-45, average annual pay$35,461
- Sector 31-33, employment1,852
- Sector 31-33, average annual pay$54,205
- Sector 62, employment1,349
- Sector 62, average annual pay$49,293
- Sector 72, employment1,119
- Sector 72, average annual pay$25,523
- Sector 23, employment795
- Sector 56, employment491
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 44-45 | 1,962 | 150 | $35,461 |
| Sector 31-33 | 1,852 | 26 | $54,205 |
| Sector 62 | 1,349 | 106 | $49,293 |
| Sector 72 | 1,119 | 63 | $25,523 |
| Sector 23 | 795 | 130 | $59,610 |
| Sector 56 | 491 | 59 | $46,243 |
| Sector 42 | 355 | 38 | $62,037 |
| Sector 81 | 235 | 59 | $42,033 |
The largest sector is the biggest private employer group at 1,962 jobs, 16.3 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.
Suwannee County
What businesses operate in Suwannee County
- Establishments, all industries755
- Employment at those establishments9,268
- Annual payroll$377.9 m
- Establishments per 1,000 residents16.7
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.
Suwannee County
What is being built in Suwannee County
- Housing units authorised by permit, 2024136
- Declared construction value permitted$29.4 m
- Single family units authorised130
- Multifamily units authorised6
- Multifamily share of units4.4 percent
- Average declared value per unit$215,908
- Units authorised per 1,000 households8.4
Multifamily is 4.4 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Suwannee County
How much SBA lending happens in Suwannee County
- 7(a) approvals recorded22
- 7(a) gross approval dollars$22.0 m
- Average 7(a) approval$998,077
- Median 7(a) approval$225,000
- 10th percentile approval$25,000
- 90th percentile approval$2,582,500
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)109
- Jobs per approval5.0
- Distinct 7(a) lenders active8
- Distinct industries receiving approvals17
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer36.4 percent
- Loans on real estate terms8
- Loans on working capital terms, 120 months or shorter14
- Franchise loans0
- Franchise share of approvals0.0 percent
- Leading industry by approval countBroilers and Other Meat Type Chicken Production (4)
- Most active lenderFirst Federal Bank (6)
- 504 approvals recorded4
- 504 gross approval dollars$4.2 m
- Average 504 approval$1,059,750
- Median 504 approval$576,000
- Distinct CDCs active2
- 504 jobs per approval14.0
- 504 jobs per million dollars approved13.2
- Most active CDCFlorida First Capital Finance Corporation, Inc. (3)
- 7(a) share of SBA approvals84.6 percent
- Combined SBA approval dollars$26.2 m
The average approval of $998,077 sits well above the median of $225,000, 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. 36.4 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.
Suwannee County
Do SBA loans in Suwannee County get paid back
- Loans with a final outcome recorded4
- Paid in full0
- Charged off4
- Status: Cancelled4
- Status: Exempt from disclosure9
- Status: Charged off4
- Status: Committed, not yet disbursed5
Too few loans have reached a final outcome to publish a charge off rate. only 4 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.
Suwannee County
Which parts of Suwannee County get the lending
- Places in the county with recorded lending6
- LIVE OAK, approvals17
- O BRIEN, approvals1
- LAKE CITY, approvals1
- WELLBORN, approvals1
- Branford, approvals1
- MC ALPIN, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| LIVE OAK | 17 | $14,164,200 |
| O BRIEN | 1 | $70,000 |
| LAKE CITY | 1 | $2,582,500 |
| WELLBORN | 1 | $116,000 |
| Branford | 1 | $25,000 |
| MC ALPIN | 1 | $5,000,000 |
LIVE OAK accounts for 17 approvals against 1 in O BRIEN. 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.
Suwannee County
How big is Suwannee County
- Land area689 sq mi
- Rank by land area among Florida counties35th of 67
- Width, east to west27.1 mi
- Height, north to south38.1 mi
- Geographies sharing a boundary5
- Residents per square mile of land66
- Establishments per square mile1.10
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.
Suwannee County
What hazards affect Suwannee County
- EPA radon zone predicted average indoor radon screening level less than 2 pCi/LZone 3
- Communities in the NFIP Community Status Book3
- Of those, participating in the NFIP3
- NFIP participation rate100.0 percent
- Best Community Rating System class in the county A lower CRS class is a larger flood insurance premium discount.Class 10
- Communities carrying a CRS class1
The EPA places the county in radon zone 3, a predicted average indoor radon screening level less than 2 pCi/L. The best Community Rating System class in the county is 10, which carries a flood insurance premium discount for properties in the participating community.
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 Suwannee 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 Suwannee County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population45,342
- Households16,112
- Average household size2.81
- Median household income$56,658
- Median age42.3
Common questions
Suwannee County questions, answered from the record.
How many people live in Suwannee County, Florida?
45,342, in 16,112 households, ranking 44th of 67 Florida counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Suwannee County growing?
The population has grown 9.35 percent since the 2020 census base. In 2024 there were 420 births against 690 deaths, with net migration of 1,671. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Suwannee County?
$56,658. The median owner-occupied home is valued at $171,600, which is 3.0 times income, and median gross rent is $884 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Suwannee County?
755 establishments, employing 9,268 people with an annual payroll of $377.9 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 Suwannee County?
Average annual pay is $47,639, or $916 a week, across 12,030 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Suwannee County?
22 7(a) approvals totalling $22.0 m since FY2020, across 8 lenders, with a median approval of $225,000, plus 4 504 approvals worth $4.2 m. These are approvals recorded in the release, not loans disbursed.
What is being built in Suwannee County?
136 housing units were authorised by permit in 2024, with a declared construction value of $29.4 m. Multifamily was 4.4 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Suwannee 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 Suwannee County come from?
The largest single origin is Suwannee County Non-migrants, with 14,152 households. Arriving households report an average income of $50,232 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 Suwannee 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 Suwannee 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.