Hancock County, Indiana: commercial real estate data.
Hancock County, Indiana has a population of 84,037 across 306 square miles, up 11.2 percent since the 2020 census base. County output reached $4.92 bn in 2024, 1,634 establishments operate here, and the SBA record carries 107 7(a) approvals worth $51.4 m.
122 sourced county values · tier FULL · 11 sections
Hancock County
How many people live in Hancock County
- Population84,037
- Households33,474
- Average household size2.51
- Median household income$93,186
- Median age40.0
- Median gross rent$1,203 per month
- Median owner-occupied home value$274,800
- Home value to household income2.9 times
- Annual rent as a share of median income15.5 percent
- Adults 25 and over with a bachelor degree or higher34.9 percent
- Adults 25 and over with a graduate degree11.5 percent
- Adults 25 and over58,456
- Population under 1819,505
- Share under 1823.2 percent
- Population 65 and over14,541
- Share 65 and over17.3 percent
- Working age population, 18 to 6449,991
- Civilian labor force45,671
- Unemployment rate2.7 percent
- Labor force participation, adults 18 and over70.8 percent
- Rank by population among Indiana counties18th of 92
- Rank by population among US county-equivalents696th
Hancock County is the 18th largest of 92 Indiana counties by population. A median home costs 2.9 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 23.2 percent against 17.3 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Hancock County
Is Hancock County growing
- Population change since the 2020 census base11.24 percent
- Census 2020 base population79,836
- Births, 2024889
- Deaths, 2024789
- Natural change, 2024100
- Net domestic migration, 20242,458
- Net international migration, 202487
- Total net migration, 20242,545
- Cumulative net domestic migration, 2021 to 20248,302
- Rank by growth among US county-equivalents124th
The county has grown 11.24 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.
Hancock County
Where people moving to Hancock County come from
- Tax returns filed by households arriving3,568
- People arriving, from those returns6,919
- Adjusted gross income arriving$264.7 m
- Net adjusted gross income movement$0
- Average income of an arriving household$74,198
- Largest single originHancock County Non-migrants (31,299 households)
- Largest single destination (31,299 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Hancock County Non-migrants | 31,299 | 66,438 | $2.84 bn |
| Marion County | 1,373 | 2,679 | $95.0 m |
| Other flows - Different State | 706 | 1,472 | $61.2 m |
| Hamilton County | 461 | 926 | $43.3 m |
| Other flows - South | 313 | 660 | $31.8 m |
| Other flows - Same State | 277 | 464 | $16.9 m |
| Other flows - Midwest | 199 | 404 | $15.5 m |
| Madison County | 173 | 339 | $12.8 m |
The largest single source of arrivals is Hancock 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.
Hancock County
What the Hancock County economy runs on
- County GDP, 2024$4.92 bn
- County GDP, 2023$4.70 bn
- GDP change, 2023 to 20244.6 percent
- GDP change over five years42.5 percent
- Rank by GDP among Indiana counties23rd
- Rank by GDP among US county-equivalents722nd
- GDP per resident$58,569
Output grew 4.6 percent in the latest year and 42.5 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.
Hancock County
Who employs people in Hancock County
- Covered employment, annual average29,049
- Establishments reporting2,045
- Average annual pay$56,651
- Average weekly wage$1,089
- Sector 31-33, employment5,104
- Sector 31-33, average annual pay$77,439
- Sector 48-49, employment2,890
- Sector 48-49, average annual pay$62,346
- Sector 72, employment2,617
- Sector 72, average annual pay$21,761
- Sector 44-45, employment2,537
- Sector 44-45, average annual pay$32,786
- Sector 62, employment2,500
- Sector 56, employment1,804
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 31-33 | 5,104 | 93 | $77,439 |
| Sector 48-49 | 2,890 | 86 | $62,346 |
| Sector 72 | 2,617 | 142 | $21,761 |
| Sector 44-45 | 2,537 | 164 | $32,786 |
| Sector 62 | 2,500 | 189 | $56,060 |
| Sector 56 | 1,804 | 158 | $41,244 |
| Sector 23 | 1,794 | 262 | $67,960 |
| Sector 54 | 1,714 | 288 | $74,289 |
The largest sector is the biggest private employer group at 5,104 jobs, 17.6 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.
Hancock County
What businesses operate in Hancock County
- Establishments, all industries1,634
- Employment at those establishments25,531
- Annual payroll$1.44 bn
- Establishments per 1,000 residents19.4
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.
Hancock County
What is being built in Hancock County
- Housing units authorised by permit, 20241,091
- Declared construction value permitted$258.2 m
- Single family units authorised1,085
- Multifamily units authorised6
- Multifamily share of units0.5 percent
- Average declared value per unit$236,674
- Units authorised per 1,000 households32.6
Multifamily is 0.5 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Hancock County
How much SBA lending happens in Hancock County
- 7(a) approvals recorded107
- 7(a) gross approval dollars$51.4 m
- Average 7(a) approval$480,721
- Median 7(a) approval$150,000
- 10th percentile approval$30,000
- 90th percentile approval$1,327,000
- Largest single approval$4,360,000
- Jobs reported supported, 7(a)1,493
- Jobs per approval14.0
- Distinct 7(a) lenders active31
- Distinct industries receiving approvals54
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer13.1 percent
- Loans on real estate terms14
- Loans on working capital terms, 120 months or shorter89
- Franchise loans19
- Franchise share of approvals17.8 percent
- Leading industry by approval countAll Other Specialty Trade Contractors (8)
- Most active lenderThe Huntington National Bank (45)
- 504 approvals recorded33
- 504 gross approval dollars$21.3 m
- Average 504 approval$644,939
- Median 504 approval$310,000
- Distinct CDCs active3
- 504 jobs per approval11.4
- 504 jobs per million dollars approved17.7
- Most active CDCIndiana Statewide Certified Development Corporation (20)
- 7(a) share of SBA approvals76.4 percent
- Combined SBA approval dollars$72.7 m
The average approval of $480,721 sits well above the median of $150,000, 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 13.1 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.
Hancock County
Do SBA loans in Hancock County get paid back
- Loans with a final outcome recorded17
- Paid in full17
- Charged off0
- Charge off rate on resolved loans0.0 percent
- Status: Cancelled8
- Status: Paid in full17
- Status: Exempt from disclosure76
- Status: Committed, not yet disbursed6
Of the 17 loans that have reached a final outcome, 0.0 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.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Hancock County
Which parts of Hancock County get the lending
- Places in the county with recorded lending16
- GREENFIELD, approvals48
- McCordsville, approvals14
- Fortville, approvals11
- New Palestine, approvals11
- INDIANAPOLIS, approvals6
- Fishers, approvals6
| Place | Approvals | Gross approval dollars |
|---|---|---|
| GREENFIELD | 48 | $29,699,400 |
| McCordsville | 14 | $5,594,100 |
| Fortville | 11 | $4,801,700 |
| New Palestine | 11 | $1,148,800 |
| INDIANAPOLIS | 6 | $2,261,200 |
| Fishers | 6 | $1,034,000 |
| MAXWELL | 2 | $3,710,000 |
| Lapel | 1 | $317,000 |
GREENFIELD accounts for 48 approvals against 14 in McCordsville. 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.
Hancock County
How big is Hancock County
- Land area306 sq mi
- Rank by land area among Indiana counties79th of 92
- Width, east to west19.9 mi
- Height, north to south17.2 mi
- Geographies sharing a boundary6
- Residents per square mile of land275
- Establishments per square mile5.34
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 Hancock 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 Hancock County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population84,037
- Households33,474
- Average household size2.51
- Median household income$93,186
- Median age40.0
Common questions
Hancock County questions, answered from the record.
How many people live in Hancock County, Indiana?
84,037, in 33,474 households, ranking 18th of 92 Indiana counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Hancock County growing?
The population has grown 11.24 percent since the 2020 census base. In 2024 there were 889 births against 789 deaths, with net migration of 2,545. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Hancock County?
$93,186. The median owner-occupied home is valued at $274,800, which is 2.9 times income, and median gross rent is $1,203 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Hancock County?
1,634 establishments, employing 25,531 people with an annual payroll of $1.44 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 Hancock County?
Average annual pay is $56,651, or $1,089 a week, across 29,049 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Hancock County?
107 7(a) approvals totalling $51.4 m since FY2020, across 31 lenders, with a median approval of $150,000, plus 33 504 approvals worth $21.3 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Hancock County get paid back?
Of the 17 loans that have reached a final outcome, 17 were paid in full and 0 charged off, a charge off rate of 0.0 percent. Loans still running are excluded, because they have not yet succeeded or failed.
What is being built in Hancock County?
1,091 housing units were authorised by permit in 2024, with a declared construction value of $258.2 m. Multifamily was 0.5 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Hancock 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 Hancock County come from?
The largest single origin is Hancock County Non-migrants, with 31,299 households. Arriving households report an average income of $74,198 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 Hancock 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 Hancock 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.