Noble County, Indiana: commercial real estate data.
Noble County, Indiana has a population of 47,495 across 411 square miles, up 0.7 percent since the 2020 census base. County output reached $2.55 bn in 2024, 921 establishments operate here, and the SBA record carries 24 7(a) approvals worth $3.6 m.
121 sourced county values · tier FULL · 11 sections
Noble County
How many people live in Noble County
- Population47,495
- Households18,179
- Average household size2.61
- Median household income$71,723
- Median age39.4
- Median gross rent$832 per month
- Median owner-occupied home value$196,800
- Home value to household income2.7 times
- Annual rent as a share of median income13.9 percent
- Adults 25 and over with a bachelor degree or higher18.8 percent
- Adults 25 and over with a graduate degree6.7 percent
- Adults 25 and over32,067
- Population under 1811,557
- Share under 1824.3 percent
- Population 65 and over8,120
- Share 65 and over17.1 percent
- Working age population, 18 to 6427,818
- Civilian labor force23,489
- Unemployment rate3.2 percent
- Labor force participation, adults 18 and over65.4 percent
- Rank by population among Indiana counties30th of 92
- Rank by population among US county-equivalents1052nd
Noble County is the 30th largest of 92 Indiana counties by population. A median home costs 2.7 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 24.3 percent against 17.1 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Noble County
Is Noble County growing
- Population change since the 2020 census base0.72 percent
- Census 2020 base population47,467
- Births, 2024630
- Deaths, 2024511
- Natural change, 2024119
- Net domestic migration, 2024108
- Net international migration, 202479
- Total net migration, 2024187
- Cumulative net domestic migration, 2021 to 2024-296
- Rank by growth among US county-equivalents1583rd
The county has grown 0.72 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.
Noble County
Where people moving to Noble County come from
- Tax returns filed by households arriving1,153
- People arriving, from those returns2,088
- Adjusted gross income arriving$62.3 m
- Net adjusted gross income movement$0
- Average income of an arriving household$54,043
- Largest single originNoble County Non-migrants (17,999 households)
- Largest single destination (17,999 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Noble County Non-migrants | 17,999 | 38,254 | $1.24 bn |
| Allen County | 243 | 438 | $15.0 m |
| Other flows - Different State | 219 | 378 | $10.9 m |
| LaGrange County | 174 | 349 | $9.4 m |
| DeKalb County | 121 | 233 | $5.5 m |
| Other flows - Same State | 117 | 190 | $6.4 m |
| Other flows - Midwest | 94 | 169 | $4.3 m |
| Whitley County | 89 | 148 | $4.5 m |
The largest single source of arrivals is Noble 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.
Noble County
What the Noble County economy runs on
- County GDP, 2024$2.55 bn
- County GDP, 2023$2.50 bn
- GDP change, 2023 to 20241.9 percent
- GDP change over five years31.0 percent
- Rank by GDP among Indiana counties35th
- Rank by GDP among US county-equivalents1093rd
- GDP per resident$53,743
Output grew 1.9 percent in the latest year and 31.0 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.
Noble County
Who employs people in Noble County
- Covered employment, annual average16,814
- Establishments reporting983
- Average annual pay$50,507
- Average weekly wage$971
- Sector 31-33, employment7,025
- Sector 31-33, average annual pay$60,112
- Sector 44-45, employment1,598
- Sector 44-45, average annual pay$33,944
- Sector 62, employment1,235
- Sector 62, average annual pay$50,614
- Sector 72, employment991
- Sector 72, average annual pay$17,347
- Sector 56, employment809
- Sector 23, employment687
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 31-33 | 7,025 | 129 | $60,112 |
| Sector 44-45 | 1,598 | 121 | $33,944 |
| Sector 62 | 1,235 | 65 | $50,614 |
| Sector 72 | 991 | 72 | $17,347 |
| Sector 56 | 809 | 48 | $37,658 |
| Sector 23 | 687 | 106 | $63,375 |
| Sector 81 | 521 | 80 | $35,260 |
| Sector 42 | 460 | 54 | $71,111 |
The largest sector is the biggest private employer group at 7,025 jobs, 41.8 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.
Noble County
What businesses operate in Noble County
- Establishments, all industries921
- Employment at those establishments15,650
- Annual payroll$801.2 m
- 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.
Noble County
What is being built in Noble County
- Housing units authorised by permit, 2024128
- Declared construction value permitted$38.6 m
- Single family units authorised128
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$301,464
- Units authorised per 1,000 households7.0
Multifamily is 0.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Noble County
How much SBA lending happens in Noble County
- 7(a) approvals recorded24
- 7(a) gross approval dollars$3.6 m
- Average 7(a) approval$151,496
- Median 7(a) approval$87,600
- 10th percentile approval$20,000
- 90th percentile approval$405,000
- Largest single approval$637,500
- Jobs reported supported, 7(a)100
- Jobs per approval4.2
- Distinct 7(a) lenders active11
- Distinct industries receiving approvals15
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer20.8 percent
- Loans on real estate terms5
- Loans on working capital terms, 120 months or shorter17
- Franchise loans1
- Franchise share of approvals4.2 percent
- Leading industry by approval countLandscaping Services (4)
- Most active lender1st Source Bank (9)
- 504 approvals recorded18
- 504 gross approval dollars$8.0 m
- Average 504 approval$442,389
- Median 504 approval$247,000
- Distinct CDCs active4
- 504 jobs per approval8.6
- 504 jobs per million dollars approved19.3
- Most active CDCCommunity Development Corporation of Fort Wayne (10)
- 7(a) share of SBA approvals57.1 percent
- Combined SBA approval dollars$11.6 m
The average approval of $151,496 sits well above the median of $87,600, 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 20.8 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.
Noble County
Do SBA loans in Noble County get paid back
- Loans with a final outcome recorded8
- Paid in full8
- Charged off0
- Status: Paid in full8
- Status: Cancelled3
- Status: Exempt from disclosure11
- Status: Committed, not yet disbursed2
Too few loans have reached a final outcome to publish a charge off rate. only 8 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.
Noble County
Which parts of Noble County get the lending
- Places in the county with recorded lending7
- KENDALLVILLE, approvals7
- ALBION, approvals5
- AVILLA, approvals4
- LIGONIER, approvals3
- CHURUBUSCO, approvals2
- FORT WAYNE, approvals2
| Place | Approvals | Gross approval dollars |
|---|---|---|
| KENDALLVILLE | 7 | $2,054,200 |
| ALBION | 5 | $292,000 |
| AVILLA | 4 | $546,000 |
| LIGONIER | 3 | $116,200 |
| CHURUBUSCO | 2 | $281,300 |
| FORT WAYNE | 2 | $238,200 |
| Rome City | 1 | $108,000 |
KENDALLVILLE accounts for 7 approvals against 5 in ALBION. 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.
Noble County
How big is Noble County
- Land area411 sq mi
- Rank by land area among Indiana counties33rd of 92
- Width, east to west24 mi
- Height, north to south18.1 mi
- Geographies sharing a boundary6
- Residents per square mile of land116
- Establishments per square mile2.24
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 Noble 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 Noble County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population47,495
- Households18,179
- Average household size2.61
- Median household income$71,723
- Median age39.4
Common questions
Noble County questions, answered from the record.
How many people live in Noble County, Indiana?
47,495, in 18,179 households, ranking 30th of 92 Indiana counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Noble County growing?
The population has grown 0.72 percent since the 2020 census base. In 2024 there were 630 births against 511 deaths, with net migration of 187. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Noble County?
$71,723. The median owner-occupied home is valued at $196,800, which is 2.7 times income, and median gross rent is $832 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Noble County?
921 establishments, employing 15,650 people with an annual payroll of $801.2 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 Noble County?
Average annual pay is $50,507, or $971 a week, across 16,814 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Noble County?
24 7(a) approvals totalling $3.6 m since FY2020, across 11 lenders, with a median approval of $87,600, plus 18 504 approvals worth $8.0 m. These are approvals recorded in the release, not loans disbursed.
What is being built in Noble County?
128 housing units were authorised by permit in 2024, with a declared construction value of $38.6 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Noble 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 Noble County come from?
The largest single origin is Noble County Non-migrants, with 17,999 households. Arriving households report an average income of $54,043 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 Noble 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 Noble 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.