Hendricks County, Indiana: commercial real estate data.
Hendricks County, Indiana has a population of 183,344 across 407 square miles, up 9.1 percent since the 2020 census base. County output reached $10.41 bn in 2024, 3,860 establishments operate here, and the SBA record carries 336 7(a) approvals worth $105.6 m.
123 sourced county values · tier FULL · 11 sections
Hendricks County
How many people live in Hendricks County
- Population183,344
- Households67,110
- Average household size2.73
- Median household income$101,144
- Median age38.5
- Median gross rent$1,436 per month
- Median owner-occupied home value$307,600
- Home value to household income3.0 times
- Annual rent as a share of median income17.0 percent
- Adults 25 and over with a bachelor degree or higher39.5 percent
- Adults 25 and over with a graduate degree13.9 percent
- Adults 25 and over123,795
- Population under 1844,976
- Share under 1824.5 percent
- Population 65 and over27,586
- Share 65 and over15.0 percent
- Working age population, 18 to 64110,782
- Civilian labor force97,738
- Unemployment rate2.6 percent
- Labor force participation, adults 18 and over70.6 percent
- Rank by population among Indiana counties8th of 92
- Rank by population among US county-equivalents374th
Hendricks County is the 8th largest of 92 Indiana counties by population. A median home costs 3.0 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 24.5 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.
Hendricks County
Is Hendricks County growing
- Population change since the 2020 census base9.06 percent
- Census 2020 base population174,791
- Births, 20241,946
- Deaths, 20241,367
- Natural change, 2024579
- Net domestic migration, 20242,045
- Net international migration, 2024886
- Total net migration, 20242,931
- Cumulative net domestic migration, 2021 to 202410,838
- Rank by growth among US county-equivalents183rd
The county has grown 9.06 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.
Hendricks County
Where people moving to Hendricks County come from
- Tax returns filed by households arriving6,867
- People arriving, from those returns12,831
- Adjusted gross income arriving$427.7 m
- Net adjusted gross income movement$0
- Average income of an arriving household$62,282
- Largest single originHendricks County Non-migrants (67,106 households)
- Largest single destination (67,106 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Hendricks County Non-migrants | 67,106 | 146,928 | $6.52 bn |
| Marion County | 3,060 | 5,815 | $169.4 m |
| Other flows - Different State | 1,594 | 3,197 | $113.6 m |
| Other flows - South | 653 | 1,286 | $45.3 m |
| Other flows - Midwest | 441 | 894 | $34.6 m |
| Other flows - Same State | 334 | 527 | $17.6 m |
| Other flows - West | 308 | 630 | $21.4 m |
| Morgan County | 299 | 569 | $18.6 m |
The largest single source of arrivals is Hendricks 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.
Hendricks County
What the Hendricks County economy runs on
- County GDP, 2024$10.41 bn
- County GDP, 2023$9.83 bn
- GDP change, 2023 to 20245.9 percent
- GDP change over five years37.8 percent
- Rank by GDP among Indiana counties9th
- Rank by GDP among US county-equivalents427th
- GDP per resident$56,790
Output grew 5.9 percent in the latest year and 37.8 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.
Hendricks County
Who employs people in Hendricks County
- Covered employment, annual average81,164
- Establishments reporting4,317
- Average annual pay$53,449
- Average weekly wage$1,028
- Sector 48-49, employment16,810
- Sector 48-49, average annual pay$54,255
- Sector 44-45, employment11,700
- Sector 44-45, average annual pay$38,079
- Sector 72, employment7,861
- Sector 72, average annual pay$22,819
- Sector 62, employment7,361
- Sector 62, average annual pay$52,303
- Sector 42, employment4,610
- Sector 56, employment4,210
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 48-49 | 16,810 | 276 | $54,255 |
| Sector 44-45 | 11,700 | 463 | $38,079 |
| Sector 72 | 7,861 | 376 | $22,819 |
| Sector 62 | 7,361 | 362 | $52,303 |
| Sector 42 | 4,610 | 260 | $72,459 |
| Sector 56 | 4,210 | 292 | $41,267 |
| Sector 31-33 | 4,179 | 133 | $77,950 |
| Sector 23 | 3,834 | 426 | $77,644 |
The largest sector is the biggest private employer group at 16,810 jobs, 20.7 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.
Hendricks County
What businesses operate in Hendricks County
- Establishments, all industries3,860
- Employment at those establishments74,107
- Annual payroll$4.19 bn
- Establishments per 1,000 residents21.1
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.
Hendricks County
What is being built in Hendricks County
- Housing units authorised by permit, 20241,295
- Declared construction value permitted$503.0 m
- Single family units authorised1,217
- Multifamily units authorised78
- Multifamily share of units6.0 percent
- Average declared value per unit$388,383
- Units authorised per 1,000 households19.3
Multifamily is 6.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Hendricks County
How much SBA lending happens in Hendricks County
- 7(a) approvals recorded336
- 7(a) gross approval dollars$105.6 m
- Average 7(a) approval$314,383
- Median 7(a) approval$100,000
- 10th percentile approval$25,000
- 90th percentile approval$735,000
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)2,795
- Jobs per approval8.3
- Distinct 7(a) lenders active52
- Distinct industries receiving approvals113
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer7.4 percent
- Loans on real estate terms25
- Loans on working capital terms, 120 months or shorter302
- Franchise loans59
- Franchise share of approvals17.6 percent
- Leading industry by approval countGeneral Freight Trucking, Long-Distance, Truckload (64)
- Most active lenderThe Huntington National Bank (176)
- 504 approvals recorded52
- 504 gross approval dollars$34.0 m
- Average 504 approval$653,327
- Median 504 approval$454,000
- Distinct CDCs active4
- 504 jobs per approval12.2
- 504 jobs per million dollars approved18.7
- Most active CDCPremier Capital Corporation (29)
- 7(a) share of SBA approvals86.6 percent
- Combined SBA approval dollars$139.6 m
The average approval of $314,383 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 7.4 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.
Hendricks County
Do SBA loans in Hendricks County get paid back
- Loans with a final outcome recorded91
- Paid in full87
- Charged off4
- Charge off rate on resolved loans4.4 percent
- Status: Cancelled43
- Status: Paid in full87
- Status: Exempt from disclosure192
- Status: Charged off4
- Status: Committed, not yet disbursed10
| NAICS | Industry | Resolved loans | Charged off | Charge off rate |
|---|---|---|---|---|
| 484121 | General Freight Trucking, Long-Distance, Truckload | 23 | 1 | 4.3% |
Of the 91 loans that have reached a final outcome, 4.4 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 4.3 percent.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Hendricks County
Which parts of Hendricks County get the lending
- Places in the county with recorded lending17
- AVON, approvals118
- BROWNSBURG, approvals76
- Plainfield, approvals70
- DANVILLE, approvals28
- PITTSBORO, approvals17
- Indianapolis, approvals9
| Place | Approvals | Gross approval dollars |
|---|---|---|
| AVON | 118 | $23,243,300 |
| BROWNSBURG | 76 | $29,443,900 |
| Plainfield | 70 | $36,091,500 |
| DANVILLE | 28 | $3,740,500 |
| PITTSBORO | 17 | $4,043,900 |
| Indianapolis | 9 | $3,369,100 |
| Clayton | 6 | $1,451,000 |
| Lizton | 2 | $390,000 |
AVON accounts for 118 approvals against 76 in BROWNSBURG. 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.
Hendricks County
How big is Hendricks County
- Land area407 sq mi
- Rank by land area among Indiana counties37th of 92
- Width, east to west19.6 mi
- Height, north to south22.3 mi
- Geographies sharing a boundary5
- Residents per square mile of land450
- Establishments per square mile9.48
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 Hendricks 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 Hendricks County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population183,344
- Households67,110
- Average household size2.73
- Median household income$101,144
- Median age38.5
Common questions
Hendricks County questions, answered from the record.
How many people live in Hendricks County, Indiana?
183,344, in 67,110 households, ranking 8th of 92 Indiana counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Hendricks County growing?
The population has grown 9.06 percent since the 2020 census base. In 2024 there were 1,946 births against 1,367 deaths, with net migration of 2,931. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Hendricks County?
$101,144. The median owner-occupied home is valued at $307,600, which is 3.0 times income, and median gross rent is $1,436 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Hendricks County?
3,860 establishments, employing 74,107 people with an annual payroll of $4.19 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 Hendricks County?
Average annual pay is $53,449, or $1,028 a week, across 81,164 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Hendricks County?
336 7(a) approvals totalling $105.6 m since FY2020, across 52 lenders, with a median approval of $100,000, plus 52 504 approvals worth $34.0 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Hendricks County get paid back?
Of the 91 loans that have reached a final outcome, 87 were paid in full and 4 charged off, a charge off rate of 4.4 percent. Loans still running are excluded, because they have not yet succeeded or failed.
What is being built in Hendricks County?
1,295 housing units were authorised by permit in 2024, with a declared construction value of $503.0 m. Multifamily was 6.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Hendricks 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 Hendricks County come from?
The largest single origin is Hendricks County Non-migrants, with 67,106 households. Arriving households report an average income of $62,282 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 Hendricks 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 Hendricks 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.