Banks County, Georgia: commercial real estate data.
Banks County, Georgia has a population of 19,264 across 232 square miles, up 12.3 percent since the 2020 census base. County output reached $690.0 m in 2024, 334 establishments operate here, and the SBA record carries 17 7(a) approvals worth $21.4 m.
124 sourced county values · tier FULL · 12 sections
Banks County
How many people live in Banks County
- Population19,264
- Households6,856
- Average household size2.81
- Median household income$77,063
- Median age42.1
- Median gross rent$827 per month
- Median owner-occupied home value$278,100
- Home value to household income3.6 times
- Annual rent as a share of median income12.9 percent
- Adults 25 and over with a bachelor degree or higher18.6 percent
- Adults 25 and over with a graduate degree6.1 percent
- Adults 25 and over13,644
- Population under 184,117
- Share under 1821.4 percent
- Population 65 and over3,351
- Share 65 and over17.4 percent
- Working age population, 18 to 6411,796
- Civilian labor force9,497
- Unemployment rate2.9 percent
- Labor force participation, adults 18 and over62.7 percent
- Rank by population among Georgia counties96th of 159
- Rank by population among US county-equivalents1927th
Banks County is the 96th largest of 159 Georgia counties by population. A median home costs 3.6 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 21.4 percent against 17.4 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Banks County
Is Banks County growing
- Population change since the 2020 census base12.30 percent
- Census 2020 base population18,092
- Births, 2024244
- Deaths, 2024219
- Natural change, 202425
- Net domestic migration, 2024430
- Net international migration, 20240
- Total net migration, 2024430
- Cumulative net domestic migration, 2021 to 20242,155
- Rank by growth among US county-equivalents103rd
The county has grown 12.30 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.
Banks County
Where people moving to Banks County come from
- Tax returns filed by households arriving786
- People arriving, from those returns1,606
- Adjusted gross income arriving$42.7 m
- Net adjusted gross income movement$0
- Average income of an arriving household$54,333
- Largest single originBanks County Non-migrants (6,079 households)
- Largest single destination (6,079 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Banks County Non-migrants | 6,079 | 13,203 | $400.0 m |
| Jackson County | 169 | 339 | $8.3 m |
| Other flows - Same State | 153 | 284 | $9.6 m |
| Hall County | 146 | 337 | $7.7 m |
| Habersham County | 89 | 190 | $3.9 m |
| Other flows - Different State | 71 | 134 | $4.5 m |
| Other flows - South | 71 | 134 | $4.5 m |
| Gwinnett County | 62 | 123 | $4.7 m |
The largest single source of arrivals is Banks 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.
Banks County
What the Banks County economy runs on
- County GDP, 2024$690.0 m
- County GDP, 2023$626.8 m
- GDP change, 2023 to 202410.1 percent
- GDP change over five years69.8 percent
- Rank by GDP among Georgia counties97th
- Rank by GDP among US county-equivalents2155th
- GDP per resident$35,816
Output grew 10.1 percent in the latest year and 69.8 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.
Banks County
Who employs people in Banks County
- Covered employment, annual average4,876
- Establishments reporting383
- Average annual pay$44,856
- Average weekly wage$863
- Sector 44-45, employment862
- Sector 44-45, average annual pay$31,711
- Sector 31-33, employment498
- Sector 31-33, average annual pay$50,583
- Sector 56, employment270
- Sector 56, average annual pay$50,561
- Sector 23, employment262
- Sector 23, average annual pay$58,215
- Sector 42, employment175
- Sector 48-49, employment84
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 44-45 | 862 | 64 | $31,711 |
| Sector 31-33 | 498 | 14 | $50,583 |
| Sector 56 | 270 | 26 | $50,561 |
| Sector 23 | 262 | 50 | $58,215 |
| Sector 42 | 175 | 18 | $78,743 |
| Sector 48-49 | 84 | 17 | $58,650 |
| Sector 81 | 78 | 23 | $47,197 |
| Sector 52 | 24 | 8 | $71,043 |
The largest sector is the biggest private employer group at 862 jobs, 17.7 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.
Banks County
What businesses operate in Banks County
- Establishments, all industries334
- Employment at those establishments3,980
- Annual payroll$144.3 m
- Establishments per 1,000 residents17.3
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.
Banks County
What is being built in Banks County
- Housing units authorised by permit, 2024102
- Declared construction value permitted$35.7 m
- Single family units authorised102
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$349,921
- Units authorised per 1,000 households14.9
Multifamily is 0.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Banks County
How much SBA lending happens in Banks County
- 7(a) approvals recorded17
- 7(a) gross approval dollars$21.4 m
- Average 7(a) approval$1,260,082
- Median 7(a) approval$1,380,000
- 10th percentile approval$35,000
- 90th percentile approval$2,150,000
- Largest single approval$3,130,000
- Jobs reported supported, 7(a)164
- Jobs per approval9.6
- Distinct 7(a) lenders active12
- Distinct industries receiving approvals12
- Median 7(a) term240 months
- Share of loans on real estate terms, 240 months or longer58.8 percent
- Loans on real estate terms10
- Loans on working capital terms, 120 months or shorter5
- Franchise loans2
- Franchise share of approvals11.8 percent
- Leading industry by approval countChicken Egg Production (4)
- Most active lenderMetro City Bank (4)
- 504 approvals recorded4
- 504 gross approval dollars$4.9 m
- Average 504 approval$1,212,750
- Median 504 approval$1,320,000
- Distinct CDCs active2
- 504 jobs per approval6.0
- 504 jobs per million dollars approved4.9
- Most active CDCSmall Business Access Partners, Inc. (3)
- 7(a) share of SBA approvals81.0 percent
- Combined SBA approval dollars$26.3 m
The average approval of $1,260,082 sits close to the median of $1,380,000, so lending here is fairly evenly sized rather than driven by a few large deals. 58.8 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.
Banks County
Do SBA loans in Banks County get paid back
- Loans with a final outcome recorded5
- Paid in full5
- Charged off0
- Status: Paid in full5
- Status: Exempt from disclosure9
- Status: Cancelled3
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.
Banks County
Which parts of Banks County get the lending
- Places in the county with recorded lending5
- Commerce, approvals6
- Baldwin, approvals5
- HOMER, approvals3
- MAYSVILLE, approvals2
- ALTO, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| Commerce | 6 | $8,717,800 |
| Baldwin | 5 | $5,590,600 |
| HOMER | 3 | $3,005,000 |
| MAYSVILLE | 2 | $4,003,000 |
| ALTO | 1 | $105,000 |
Commerce accounts for 6 approvals against 5 in Baldwin. 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.
Banks County
How big is Banks County
- Land area232 sq mi
- Rank by land area among Georgia counties127th of 159
- Width, east to west17.9 mi
- Height, north to south20.3 mi
- Geographies sharing a boundary6
- Residents per square mile of land83
- Establishments per square mile1.44
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.
Banks County
What hazards affect Banks County
- EPA radon zone predicted average indoor radon screening level from 2 to 4 pCi/LZone 2
- Communities in the NFIP Community Status Book5
- Of those, participating in the NFIP5
- 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 Banks 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 Banks County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population19,264
- Households6,856
- Average household size2.81
- Median household income$77,063
- Median age42.1
Common questions
Banks County questions, answered from the record.
How many people live in Banks County, Georgia?
19,264, in 6,856 households, ranking 96th of 159 Georgia counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Banks County growing?
The population has grown 12.30 percent since the 2020 census base. In 2024 there were 244 births against 219 deaths, with net migration of 430. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Banks County?
$77,063. The median owner-occupied home is valued at $278,100, which is 3.6 times income, and median gross rent is $827 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Banks County?
334 establishments, employing 3,980 people with an annual payroll of $144.3 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 Banks County?
Average annual pay is $44,856, or $863 a week, across 4,876 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Banks County?
17 7(a) approvals totalling $21.4 m since FY2020, across 12 lenders, with a median approval of $1,380,000, plus 4 504 approvals worth $4.9 m. These are approvals recorded in the release, not loans disbursed.
What is being built in Banks County?
102 housing units were authorised by permit in 2024, with a declared construction value of $35.7 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Banks 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 Banks County come from?
The largest single origin is Banks County Non-migrants, with 6,079 households. Arriving households report an average income of $54,333 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 Banks 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 Banks 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.