Murray County, Georgia: commercial real estate data.
Murray County, Georgia has a population of 40,562 across 344 square miles, up 3.4 percent since the 2020 census base. County output reached $1.89 bn in 2024, 430 establishments operate here, and the SBA record carries 19 7(a) approvals worth $22.3 m.
122 sourced county values · tier FULL · 12 sections
Murray County
How many people live in Murray County
- Population40,562
- Households15,246
- Average household size2.66
- Median household income$69,253
- Median age39.4
- Median gross rent$857 per month
- Median owner-occupied home value$180,700
- Home value to household income2.6 times
- Annual rent as a share of median income14.8 percent
- Adults 25 and over with a bachelor degree or higher15.0 percent
- Adults 25 and over with a graduate degree5.3 percent
- Adults 25 and over27,461
- Population under 189,552
- Share under 1823.5 percent
- Population 65 and over6,104
- Share 65 and over15.0 percent
- Working age population, 18 to 6424,906
- Civilian labor force20,179
- Unemployment rate4.5 percent
- Labor force participation, adults 18 and over65.1 percent
- Rank by population among Georgia counties52nd of 159
- Rank by population among US county-equivalents1195th
Murray County is the 52nd largest of 159 Georgia counties by population. A median home costs 2.6 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 23.5 percent against 15.0 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Murray County
Is Murray County growing
- Population change since the 2020 census base3.35 percent
- Census 2020 base population39,975
- Births, 2024429
- Deaths, 2024450
- Natural change, 2024-21
- Net domestic migration, 2024253
- Net international migration, 20249
- Total net migration, 2024262
- Cumulative net domestic migration, 2021 to 20241,480
- Rank by growth among US county-equivalents804th
The county has grown 3.35 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.
Murray County
Where people moving to Murray County come from
- Tax returns filed by households arriving1,059
- People arriving, from those returns2,207
- Adjusted gross income arriving$45.4 m
- Net adjusted gross income movement$0
- Average income of an arriving household$42,852
- Largest single originMurray County Non-migrants (12,721 households)
- Largest single destination (12,721 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Murray County Non-migrants | 12,721 | 28,066 | $670.7 m |
| Whitfield County | 406 | 877 | $16.5 m |
| Other flows - Different State | 219 | 428 | $10.2 m |
| Other flows - Same State | 178 | 360 | $8.5 m |
| Other flows - South | 162 | 309 | $7.7 m |
| Gordon County | 97 | 196 | $3.5 m |
| Gilmer County | 52 | 134 | $2.1 m |
| Hamilton County | 33 | 56 | $1.4 m |
The largest single source of arrivals is Murray 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.
Murray County
What the Murray County economy runs on
- County GDP, 2024$1.89 bn
- County GDP, 2023$1.86 bn
- GDP change, 2023 to 20241.5 percent
- GDP change over five years48.8 percent
- Rank by GDP among Georgia counties55th
- Rank by GDP among US county-equivalents1334th
- GDP per resident$46,537
Output grew 1.5 percent in the latest year and 48.8 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.
Murray County
Who employs people in Murray County
- Covered employment, annual average8,252
- Establishments reporting539
- Average annual pay$45,202
- Average weekly wage$869
- Sector 31-33, employment2,832
- Sector 31-33, average annual pay$48,581
- Sector 44-45, employment1,406
- Sector 44-45, average annual pay$38,143
- Sector 72, employment667
- Sector 72, average annual pay$18,891
- Sector 42, employment354
- Sector 42, average annual pay$52,551
- Sector 48-49, employment221
- Sector 23, employment183
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 31-33 | 2,832 | 68 | $48,581 |
| Sector 44-45 | 1,406 | 98 | $38,143 |
| Sector 72 | 667 | 54 | $18,891 |
| Sector 42 | 354 | 25 | $52,551 |
| Sector 48-49 | 221 | 14 | $63,182 |
| Sector 23 | 183 | 40 | $44,049 |
| Sector 52 | 180 | 19 | $61,960 |
| Sector 56 | 165 | 24 | $42,966 |
The largest sector is the biggest private employer group at 2,832 jobs, 34.3 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.
Murray County
What businesses operate in Murray County
- Establishments, all industries430
- Employment at those establishments6,488
- Annual payroll$295.4 m
- Establishments per 1,000 residents10.6
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.
Murray County
What is being built in Murray County
- Housing units authorised by permit, 2024141
- Declared construction value permitted$32.8 m
- Single family units authorised107
- Multifamily units authorised34
- Multifamily share of units24.1 percent
- Average declared value per unit$232,376
- Units authorised per 1,000 households9.2
Multifamily is 24.1 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Murray County
How much SBA lending happens in Murray County
- 7(a) approvals recorded19
- 7(a) gross approval dollars$22.3 m
- Average 7(a) approval$1,174,058
- Median 7(a) approval$908,000
- 10th percentile approval$30,000
- 90th percentile approval$2,350,000
- Largest single approval$3,571,300
- Jobs reported supported, 7(a)253
- Jobs per approval13.3
- Distinct 7(a) lenders active14
- Distinct industries receiving approvals13
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer47.4 percent
- Loans on real estate terms9
- Loans on working capital terms, 120 months or shorter10
- Franchise loans0
- Franchise share of approvals0.0 percent
- Leading industry by approval countForest Nurseries and Gathering of Forest Products (3)
- Most active lenderBuiltwell Bank (3)
- 504 approvals recorded6
- 504 gross approval dollars$7.4 m
- Average 504 approval$1,240,500
- Median 504 approval$867,000
- Distinct CDCs active4
- 504 jobs per approval39.7
- 504 jobs per million dollars approved32.0
- Most active CDCCapital Partners Certified Development Company (3)
- 7(a) share of SBA approvals76.0 percent
- Combined SBA approval dollars$29.8 m
The average approval of $1,174,058 sits close to the median of $908,000, so lending here is fairly evenly sized rather than driven by a few large deals. 47.4 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.
Murray County
Do SBA loans in Murray County get paid back
- Loans with a final outcome recorded6
- Paid in full6
- Charged off0
- Status: Exempt from disclosure11
- Status: Paid in full6
- Status: Cancelled2
Too few loans have reached a final outcome to publish a charge off rate. only 6 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.
Murray County
Which parts of Murray County get the lending
- Places in the county with recorded lending3
- CHATSWORTH, approvals16
- CRANDALL, approvals2
- BLUE RIDGE, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| CHATSWORTH | 16 | $18,728,600 |
| CRANDALL | 2 | $3,428,500 |
| BLUE RIDGE | 1 | $150,000 |
CHATSWORTH accounts for 16 approvals against 2 in CRANDALL. 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.
Murray County
How big is Murray County
- Land area344 sq mi
- Rank by land area among Georgia counties79th of 159
- Width, east to west20 mi
- Height, north to south28 mi
- Geographies sharing a boundary4
- Residents per square mile of land118
- Establishments per square mile1.25
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.
Murray County
What hazards affect Murray 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
- Communities carrying a CRS class0
The EPA places the county in radon zone 3, a predicted average indoor radon screening level less than 2 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 Murray 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 Murray County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population40,562
- Households15,246
- Average household size2.66
- Median household income$69,253
- Median age39.4
Common questions
Murray County questions, answered from the record.
How many people live in Murray County, Georgia?
40,562, in 15,246 households, ranking 52nd of 159 Georgia counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Murray County growing?
The population has grown 3.35 percent since the 2020 census base. In 2024 there were 429 births against 450 deaths, with net migration of 262. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Murray County?
$69,253. The median owner-occupied home is valued at $180,700, which is 2.6 times income, and median gross rent is $857 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Murray County?
430 establishments, employing 6,488 people with an annual payroll of $295.4 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 Murray County?
Average annual pay is $45,202, or $869 a week, across 8,252 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Murray County?
19 7(a) approvals totalling $22.3 m since FY2020, across 14 lenders, with a median approval of $908,000, plus 6 504 approvals worth $7.4 m. These are approvals recorded in the release, not loans disbursed.
What is being built in Murray County?
141 housing units were authorised by permit in 2024, with a declared construction value of $32.8 m. Multifamily was 24.1 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Murray 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 Murray County come from?
The largest single origin is Murray County Non-migrants, with 12,721 households. Arriving households report an average income of $42,852 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 Murray 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 Murray 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.