Montgomery County, Indiana: commercial real estate data.
Montgomery County, Indiana has a population of 38,312 across 505 square miles, up 1.8 percent since the 2020 census base. County output reached $2.23 bn in 2024, 882 establishments operate here, and the SBA record carries 21 7(a) approvals worth $8.0 m.
118 sourced county values · tier FULL · 11 sections
Montgomery County
How many people live in Montgomery County
- Population38,312
- Households15,602
- Average household size2.46
- Median household income$71,479
- Median age40.4
- Median gross rent$858 per month
- Median owner-occupied home value$171,800
- Home value to household income2.4 times
- Annual rent as a share of median income14.4 percent
- Adults 25 and over with a bachelor degree or higher20.4 percent
- Adults 25 and over with a graduate degree7.3 percent
- Adults 25 and over26,104
- Population under 188,809
- Share under 1823.0 percent
- Population 65 and over7,222
- Share 65 and over18.9 percent
- Working age population, 18 to 6422,281
- Civilian labor force19,633
- Unemployment rate3.3 percent
- Labor force participation, adults 18 and over66.5 percent
- Rank by population among Indiana counties39th of 92
- Rank by population among US county-equivalents1240th
Montgomery County is the 39th largest of 92 Indiana counties by population. A median home costs 2.4 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 23.0 percent against 18.9 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Montgomery County
Is Montgomery County growing
- Population change since the 2020 census base1.84 percent
- Census 2020 base population37,936
- Births, 2024441
- Deaths, 2024439
- Natural change, 20242
- Net domestic migration, 202437
- Net international migration, 202423
- Total net migration, 202460
- Cumulative net domestic migration, 2021 to 2024769
- Rank by growth among US county-equivalents1221st
The county has grown 1.84 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.
Montgomery County
Where people moving to Montgomery County come from
- Tax returns filed by households arriving877
- People arriving, from those returns1,566
- Adjusted gross income arriving$44.3 m
- Net adjusted gross income movement$0
- Average income of an arriving household$50,538
- Largest single originMontgomery County Non-migrants (14,847 households)
- Largest single destination (14,847 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Montgomery County Non-migrants | 14,847 | 30,521 | $969.4 m |
| Other flows - Different State | 215 | 415 | $11.3 m |
| Other flows - Same State | 190 | 318 | $9.2 m |
| Tippecanoe County | 126 | 204 | $5.5 m |
| Other flows - South | 89 | 160 | $4.5 m |
| Hendricks County | 83 | 159 | $4.5 m |
| Marion County | 81 | 142 | $4.5 m |
| Other flows - Midwest | 79 | 149 | $4.9 m |
The largest single source of arrivals is Montgomery 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.
Montgomery County
What the Montgomery County economy runs on
- County GDP, 2024$2.23 bn
- County GDP, 2023$2.26 bn
- GDP change, 2023 to 2024-1.2 percent
- GDP change over five years35.1 percent
- Rank by GDP among Indiana counties41st
- Rank by GDP among US county-equivalents1188th
- GDP per resident$58,165
Output grew -1.2 percent in the latest year and 35.1 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.
Montgomery County
Who employs people in Montgomery County
- Covered employment, annual average15,655
- Establishments reporting915
- Average annual pay$57,386
- Average weekly wage$1,104
- Sector 31-33, employment4,621
- Sector 31-33, average annual pay$79,889
- Sector 44-45, employment1,500
- Sector 44-45, average annual pay$30,694
- Sector 72, employment1,249
- Sector 72, average annual pay$22,298
- Sector 48-49, employment1,117
- Sector 48-49, average annual pay$47,426
- Sector 56, employment632
- Sector 23, employment624
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 31-33 | 4,621 | 57 | $79,889 |
| Sector 44-45 | 1,500 | 126 | $30,694 |
| Sector 72 | 1,249 | 71 | $22,298 |
| Sector 48-49 | 1,117 | 39 | $47,426 |
| Sector 56 | 632 | 48 | $34,240 |
| Sector 23 | 624 | 86 | $70,522 |
| Sector 81 | 297 | 70 | $34,055 |
| Sector 52 | 250 | 55 | $67,853 |
The largest sector is the biggest private employer group at 4,621 jobs, 29.5 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.
Montgomery County
What businesses operate in Montgomery County
- Establishments, all industries882
- Employment at those establishments14,331
- Annual payroll$831.5 m
- Establishments per 1,000 residents23.0
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.
Montgomery County
What is being built in Montgomery County
- Housing units authorised by permit, 202452
- Declared construction value permitted$12.1 m
- Single family units authorised52
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$232,949
- Units authorised per 1,000 households3.3
Multifamily is 0.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Montgomery County
How much SBA lending happens in Montgomery County
- 7(a) approvals recorded21
- 7(a) gross approval dollars$8.0 m
- Average 7(a) approval$380,705
- Median 7(a) approval$150,000
- 10th percentile approval$41,300
- 90th percentile approval$937,200
- Largest single approval$2,625,000
- Jobs reported supported, 7(a)315
- Jobs per approval15.0
- Distinct 7(a) lenders active13
- Distinct industries receiving approvals14
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer9.5 percent
- Loans on real estate terms2
- Loans on working capital terms, 120 months or shorter15
- Franchise loans3
- Franchise share of approvals14.3 percent
- Leading industry by approval countHardware Stores (3)
- Most active lenderThe Huntington National Bank (4)
- 504 approvals recorded4
- 504 gross approval dollars$2.7 m
- Average 504 approval$678,500
- Median 504 approval$689,000
- Distinct CDCs active3
- 504 jobs per approval10.8
- 504 jobs per million dollars approved15.8
- Most active CDCIndiana Statewide Certified Development Corporation (2)
- 7(a) share of SBA approvals84.0 percent
- Combined SBA approval dollars$10.7 m
The average approval of $380,705 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 9.5 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.
Montgomery County
Do SBA loans in Montgomery County get paid back
- Loans with a final outcome recorded3
- Paid in full3
- Charged off0
- Status: Exempt from disclosure17
- Status: Paid in full3
- Status: Cancelled1
Too few loans have reached a final outcome to publish a charge off rate. only 3 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.
Montgomery County
Which parts of Montgomery County get the lending
- Places in the county with recorded lending4
- CRAWFORDSVILLE, approvals16
- NEW RICHMOND, approvals2
- Linden, approvals2
- Waynetown, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| CRAWFORDSVILLE | 16 | $6,212,200 |
| NEW RICHMOND | 2 | $440,000 |
| Linden | 2 | $580,000 |
| Waynetown | 1 | $762,600 |
CRAWFORDSVILLE accounts for 16 approvals against 2 in NEW RICHMOND. 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.
Montgomery County
How big is Montgomery County
- Land area505 sq mi
- Rank by land area among Indiana counties10th of 92
- Width, east to west21.1 mi
- Height, north to south24.2 mi
- Geographies sharing a boundary7
- Residents per square mile of land76
- Establishments per square mile1.75
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 Montgomery 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 Montgomery County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population38,312
- Households15,602
- Average household size2.46
- Median household income$71,479
- Median age40.4
Common questions
Montgomery County questions, answered from the record.
How many people live in Montgomery County, Indiana?
38,312, in 15,602 households, ranking 39th of 92 Indiana counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Montgomery County growing?
The population has grown 1.84 percent since the 2020 census base. In 2024 there were 441 births against 439 deaths, with net migration of 60. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Montgomery County?
$71,479. The median owner-occupied home is valued at $171,800, which is 2.4 times income, and median gross rent is $858 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Montgomery County?
882 establishments, employing 14,331 people with an annual payroll of $831.5 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 Montgomery County?
Average annual pay is $57,386, or $1,104 a week, across 15,655 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Montgomery County?
21 7(a) approvals totalling $8.0 m since FY2020, across 13 lenders, with a median approval of $150,000, plus 4 504 approvals worth $2.7 m. These are approvals recorded in the release, not loans disbursed.
What is being built in Montgomery County?
52 housing units were authorised by permit in 2024, with a declared construction value of $12.1 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Montgomery 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 Montgomery County come from?
The largest single origin is Montgomery County Non-migrants, with 14,847 households. Arriving households report an average income of $50,538 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 Montgomery 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 Montgomery 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.