Hamilton County, Indiana: commercial real estate data.
Hamilton County, Indiana has a population of 365,056 across 394 square miles, up 9.3 percent since the 2020 census base. County output reached $31.64 bn in 2024, 10,446 establishments operate here, and the SBA record carries 940 7(a) approvals worth $453.8 m.
123 sourced county values · tier FULL · 11 sections
Hamilton County
How many people live in Hamilton County
- Population365,056
- Households137,252
- Average household size2.66
- Median household income$121,530
- Median age38.4
- Median gross rent$1,574 per month
- Median owner-occupied home value$405,500
- Home value to household income3.3 times
- Annual rent as a share of median income15.5 percent
- Adults 25 and over with a bachelor degree or higher61.9 percent
- Adults 25 and over with a graduate degree23.5 percent
- Adults 25 and over243,378
- Population under 1892,736
- Share under 1825.4 percent
- Population 65 and over50,673
- Share 65 and over13.9 percent
- Working age population, 18 to 64221,647
- Civilian labor force200,896
- Unemployment rate2.8 percent
- Labor force participation, adults 18 and over73.8 percent
- Rank by population among Indiana counties4th of 92
- Rank by population among US county-equivalents206th
Hamilton County is the 4th largest of 92 Indiana counties by population. A median home costs 3.3 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 25.4 percent against 13.9 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Hamilton County
Is Hamilton County growing
- Population change since the 2020 census base9.27 percent
- Census 2020 base population347,491
- Births, 20243,904
- Deaths, 20242,301
- Natural change, 20241,603
- Net domestic migration, 20242,841
- Net international migration, 20242,646
- Total net migration, 20245,487
- Cumulative net domestic migration, 2021 to 202417,066
- Rank by growth among US county-equivalents172nd
The county has grown 9.27 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.
Hamilton County
Where people moving to Hamilton County come from
- Tax returns filed by households arriving12,733
- People arriving, from those returns22,953
- Adjusted gross income arriving$1.48 bn
- Net adjusted gross income movement$0
- Average income of an arriving household$116,177
- Largest single originHamilton County Non-migrants (130,861 households)
- Largest single destination (130,861 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Hamilton County Non-migrants | 130,861 | 302,195 | $22.11 bn |
| Marion County | 4,193 | 7,017 | $403.7 m |
| Other flows - Different State | 2,694 | 5,493 | $333.5 m |
| Other flows - South | 1,089 | 2,235 | $139.3 m |
| Other flows - Midwest | 756 | 1,412 | $90.5 m |
| Other flows - West | 433 | 913 | $52.4 m |
| Other flows - Northeast | 416 | 933 | $51.3 m |
| Other flows - Same State | 396 | 601 | $29.0 m |
The largest single source of arrivals is Hamilton 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.
Hamilton County
What the Hamilton County economy runs on
- County GDP, 2024$31.64 bn
- County GDP, 2023$29.07 bn
- GDP change, 2023 to 20248.8 percent
- GDP change over five years48.0 percent
- Rank by GDP among Indiana counties2nd
- Rank by GDP among US county-equivalents188th
- GDP per resident$86,674
Output grew 8.8 percent in the latest year and 48.0 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.
Hamilton County
Who employs people in Hamilton County
- Covered employment, annual average163,937
- Establishments reporting12,788
- Average annual pay$74,787
- Average weekly wage$1,438
- Sector 62, employment22,096
- Sector 62, average annual pay$58,695
- Sector 44-45, employment18,499
- Sector 44-45, average annual pay$44,114
- Sector 72, employment17,573
- Sector 72, average annual pay$25,610
- Sector 52, employment15,780
- Sector 52, average annual pay$113,846
- Sector 54, employment15,249
- Sector 56, employment11,299
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 62 | 22,096 | 1,280 | $58,695 |
| Sector 44-45 | 18,499 | 955 | $44,114 |
| Sector 72 | 17,573 | 794 | $25,610 |
| Sector 52 | 15,780 | 981 | $113,846 |
| Sector 54 | 15,249 | 2,762 | $161,242 |
| Sector 56 | 11,299 | 779 | $57,434 |
| Sector 23 | 9,904 | 814 | $86,666 |
| Sector 31-33 | 7,704 | 300 | $81,208 |
The largest sector is the biggest private employer group at 22,096 jobs, 13.5 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.
Hamilton County
What businesses operate in Hamilton County
- Establishments, all industries10,446
- Employment at those establishments165,539
- Annual payroll$11.04 bn
- Establishments per 1,000 residents28.6
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.
Hamilton County
What is being built in Hamilton County
- Housing units authorised by permit, 20244,561
- Declared construction value permitted$1.53 bn
- Single family units authorised2,887
- Multifamily units authorised1,674
- Multifamily share of units36.7 percent
- Average declared value per unit$335,414
- Units authorised per 1,000 households33.2
Multifamily is 36.7 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Hamilton County
How much SBA lending happens in Hamilton County
- 7(a) approvals recorded940
- 7(a) gross approval dollars$453.8 m
- Average 7(a) approval$482,768
- Median 7(a) approval$175,000
- 10th percentile approval$30,000
- 90th percentile approval$1,284,000
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)10,992
- Jobs per approval11.7
- Distinct 7(a) lenders active92
- Distinct industries receiving approvals222
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer7.3 percent
- Loans on real estate terms69
- Loans on working capital terms, 120 months or shorter810
- Franchise loans197
- Franchise share of approvals21.0 percent
- Leading industry by approval countFitness and Recreational Sports Centers (42)
- Most active lenderThe Huntington National Bank (310)
- 504 approvals recorded180
- 504 gross approval dollars$167.3 m
- Average 504 approval$929,572
- Median 504 approval$636,000
- Distinct CDCs active6
- 504 jobs per approval14.6
- 504 jobs per million dollars approved15.7
- Most active CDCIndiana Statewide Certified Development Corporation (90)
- 7(a) share of SBA approvals83.9 percent
- Combined SBA approval dollars$621.1 m
The average approval of $482,768 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 7.3 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.
Hamilton County
Do SBA loans in Hamilton County get paid back
- Loans with a final outcome recorded202
- Paid in full189
- Charged off13
- Charge off rate on resolved loans6.4 percent
- Status: Exempt from disclosure558
- Status: Charged off13
- Status: Paid in full189
- Status: Cancelled123
- Status: Committed, not yet disbursed57
| NAICS | Industry | Resolved loans | Charged off | Charge off rate |
|---|---|---|---|---|
| 484121 | General Freight Trucking, Long-Distance, Truckload | 12 | 0 | 0.0% |
Of the 202 loans that have reached a final outcome, 6.4 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong. Among industries with at least ten resolved loans, General Freight Trucking, Long-Distance, Truckload carries the highest charge off rate at 0.0 percent.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Hamilton County
Which parts of Hamilton County get the lending
- Places in the county with recorded lending15
- Carmel, approvals274
- Fishers, approvals273
- NOBLESVILLE, approvals177
- Westfield, approvals98
- Indianapolis, approvals52
- CICERO, approvals18
| Place | Approvals | Gross approval dollars |
|---|---|---|
| Carmel | 274 | $134,334,000 |
| Fishers | 273 | $134,150,000 |
| NOBLESVILLE | 177 | $77,047,400 |
| Westfield | 98 | $53,822,600 |
| Indianapolis | 52 | $28,641,500 |
| CICERO | 18 | $4,152,100 |
| SHERIDAN | 16 | $6,933,200 |
| ZIONSVILLE | 8 | $2,327,900 |
Carmel accounts for 274 approvals against 273 in Fishers. 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.
Hamilton County
How big is Hamilton County
- Land area394 sq mi
- Rank by land area among Indiana counties50th of 92
- Width, east to west20.2 mi
- Height, north to south20.2 mi
- Geographies sharing a boundary6
- Residents per square mile of land927
- Establishments per square mile26.51
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 Hamilton 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 Hamilton County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population365,056
- Households137,252
- Average household size2.66
- Median household income$121,530
- Median age38.4
Common questions
Hamilton County questions, answered from the record.
How many people live in Hamilton County, Indiana?
365,056, in 137,252 households, ranking 4th of 92 Indiana counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Hamilton County growing?
The population has grown 9.27 percent since the 2020 census base. In 2024 there were 3,904 births against 2,301 deaths, with net migration of 5,487. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Hamilton County?
$121,530. The median owner-occupied home is valued at $405,500, which is 3.3 times income, and median gross rent is $1,574 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Hamilton County?
10,446 establishments, employing 165,539 people with an annual payroll of $11.04 bn. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Hamilton County?
Average annual pay is $74,787, or $1,438 a week, across 163,937 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Hamilton County?
940 7(a) approvals totalling $453.8 m since FY2020, across 92 lenders, with a median approval of $175,000, plus 180 504 approvals worth $167.3 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Hamilton County get paid back?
Of the 202 loans that have reached a final outcome, 189 were paid in full and 13 charged off, a charge off rate of 6.4 percent. Loans still running are excluded, because they have not yet succeeded or failed.
What is being built in Hamilton County?
4,561 housing units were authorised by permit in 2024, with a declared construction value of $1.53 bn. Multifamily was 36.7 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Hamilton 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 Hamilton County come from?
The largest single origin is Hamilton County Non-migrants, with 130,861 households. Arriving households report an average income of $116,177 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 Hamilton 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 Hamilton 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.