Carroll County, Indiana: commercial real estate data.
Carroll County, Indiana has a population of 20,535 across 372 square miles, up 2.2 percent since the 2020 census base. County output reached $951.5 m in 2024, 405 establishments operate here, and the SBA record carries 16 7(a) approvals worth $2.7 m.
121 sourced county values · tier FULL · 11 sections
Carroll County
How many people live in Carroll County
- Population20,535
- Households8,085
- Average household size2.54
- Median household income$65,645
- Median age43.2
- Median gross rent$890 per month
- Median owner-occupied home value$180,900
- Home value to household income2.8 times
- Annual rent as a share of median income16.3 percent
- Adults 25 and over with a bachelor degree or higher17.2 percent
- Adults 25 and over with a graduate degree5.7 percent
- Adults 25 and over14,538
- Population under 184,470
- Share under 1821.8 percent
- Population 65 and over4,255
- Share 65 and over20.7 percent
- Working age population, 18 to 6411,810
- Civilian labor force10,551
- Unemployment rate3.1 percent
- Labor force participation, adults 18 and over65.7 percent
- Rank by population among Indiana counties70th of 92
- Rank by population among US county-equivalents1850th
Carroll County is the 70th largest of 92 Indiana counties by population. A median home costs 2.8 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 21.8 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.
Carroll County
Is Carroll County growing
- Population change since the 2020 census base2.21 percent
- Census 2020 base population20,299
- Births, 2024224
- Deaths, 2024210
- Natural change, 202414
- Net domestic migration, 2024137
- Net international migration, 202427
- Total net migration, 2024164
- Cumulative net domestic migration, 2021 to 2024326
- Rank by growth among US county-equivalents1103rd
The county has grown 2.21 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.
Carroll County
Where people moving to Carroll County come from
- Tax returns filed by households arriving632
- People arriving, from those returns1,152
- Adjusted gross income arriving$32.3 m
- Net adjusted gross income movement$0
- Average income of an arriving household$51,123
- Largest single originCarroll County Non-migrants (7,939 households)
- Largest single destination (7,939 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Carroll County Non-migrants | 7,939 | 16,623 | $555.1 m |
| Tippecanoe County | 193 | 357 | $9.4 m |
| Other flows - Same State | 135 | 252 | $8.0 m |
| Other flows - Different State | 91 | 158 | $4.5 m |
| White County | 90 | 181 | $4.7 m |
| Other flows - South | 56 | 97 | $2.8 m |
| Howard County | 46 | 80 | $2.4 m |
| Clinton County | 44 | 76 | $1.8 m |
The largest single source of arrivals is Carroll 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.
Carroll County
What the Carroll County economy runs on
- County GDP, 2024$951.5 m
- County GDP, 2023$942.1 m
- GDP change, 2023 to 20241.0 percent
- GDP change over five years31.4 percent
- Rank by GDP among Indiana counties71st
- Rank by GDP among US county-equivalents1881st
- GDP per resident$46,336
Output grew 1.0 percent in the latest year and 31.4 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.
Carroll County
Who employs people in Carroll County
- Covered employment, annual average5,562
- Establishments reporting436
- Average annual pay$49,734
- Average weekly wage$956
- Sector 44-45, employment388
- Sector 44-45, average annual pay$36,116
- Sector 23, employment329
- Sector 23, average annual pay$65,930
- Sector 11, employment197
- Sector 11, average annual pay$45,279
- Sector 56, employment186
- Sector 56, average annual pay$42,075
- Sector 54, employment153
- Sector 81, employment128
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 44-45 | 388 | 49 | $36,116 |
| Sector 23 | 329 | 55 | $65,930 |
| Sector 11 | 197 | 37 | $45,279 |
| Sector 56 | 186 | 23 | $42,075 |
| Sector 54 | 153 | 32 | $45,807 |
| Sector 81 | 128 | 24 | $42,768 |
| Sector 52 | 96 | 26 | $60,393 |
The largest sector is the biggest private employer group at 388 jobs, 7.0 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.
Carroll County
What businesses operate in Carroll County
- Establishments, all industries405
- Employment at those establishments5,264
- Annual payroll$247.8 m
- Establishments per 1,000 residents19.7
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.
Carroll County
What is being built in Carroll County
- Housing units authorised by permit, 202432
- Declared construction value permitted$11.1 m
- Single family units authorised32
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$346,745
- Units authorised per 1,000 households4.0
Multifamily is 0.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Carroll County
How much SBA lending happens in Carroll County
- 7(a) approvals recorded16
- 7(a) gross approval dollars$2.7 m
- Average 7(a) approval$167,025
- Median 7(a) approval$100,000
- 10th percentile approval$46,800
- 90th percentile approval$412,000
- Largest single approval$500,000
- Jobs reported supported, 7(a)79
- Jobs per approval4.9
- Distinct 7(a) lenders active11
- Distinct industries receiving approvals12
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer6.3 percent
- Loans on real estate terms1
- Loans on working capital terms, 120 months or shorter14
- Franchise loans1
- Franchise share of approvals6.3 percent
- Leading industry by approval countLandscaping Services (2)
- Most active lenderThe Farmers Bank, Frankfort, Indiana (3)
- 504 approvals recorded2
- 504 gross approval dollars$471,000
- Average 504 approval$235,500
- Median 504 approval$356,000
- Distinct CDCs active2
- 504 jobs per approval11.5
- 504 jobs per million dollars approved48.8
- Most active CDCBusiness Development Corporation (BDC) (1)
- 7(a) share of SBA approvals88.9 percent
- Combined SBA approval dollars$3.1 m
The average approval of $167,025 sits well above the median of $100,000, 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 6.3 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.
Carroll County
Do SBA loans in Carroll County get paid back
- Loans with a final outcome recorded6
- Paid in full6
- Charged off0
- Status: Exempt from disclosure8
- Status: Paid in full6
- Status: Committed, not yet disbursed1
- Status: Cancelled1
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.
Carroll County
Which parts of Carroll County get the lending
- Places in the county with recorded lending7
- Flora, approvals5
- DELPHI, approvals3
- Bringhurst, approvals3
- ROSSVILLE, approvals2
- CUTLER, approvals1
- CAMDEN, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| Flora | 5 | $784,900 |
| DELPHI | 3 | $196,800 |
| Bringhurst | 3 | $1,062,000 |
| ROSSVILLE | 2 | $150,000 |
| CUTLER | 1 | $63,000 |
| CAMDEN | 1 | $190,700 |
| MONTICELLO | 1 | $225,000 |
Flora accounts for 5 approvals against 3 in DELPHI. 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.
Carroll County
How big is Carroll County
- Land area372 sq mi
- Rank by land area among Indiana counties64th of 92
- Width, east to west20.9 mi
- Height, north to south21.1 mi
- Geographies sharing a boundary5
- Residents per square mile of land55
- Establishments per square mile1.09
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 Carroll 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 Carroll County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population20,535
- Households8,085
- Average household size2.54
- Median household income$65,645
- Median age43.2
Common questions
Carroll County questions, answered from the record.
How many people live in Carroll County, Indiana?
20,535, in 8,085 households, ranking 70th of 92 Indiana counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Carroll County growing?
The population has grown 2.21 percent since the 2020 census base. In 2024 there were 224 births against 210 deaths, with net migration of 164. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Carroll County?
$65,645. The median owner-occupied home is valued at $180,900, which is 2.8 times income, and median gross rent is $890 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Carroll County?
405 establishments, employing 5,264 people with an annual payroll of $247.8 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 Carroll County?
Average annual pay is $49,734, or $956 a week, across 5,562 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Carroll County?
16 7(a) approvals totalling $2.7 m since FY2020, across 11 lenders, with a median approval of $100,000, plus 2 504 approvals worth $471,000. These are approvals recorded in the release, not loans disbursed.
What is being built in Carroll County?
32 housing units were authorised by permit in 2024, with a declared construction value of $11.1 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Carroll 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 Carroll County come from?
The largest single origin is Carroll County Non-migrants, with 7,939 households. Arriving households report an average income of $51,123 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 Carroll 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 Carroll 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.