Owen County, Indiana: commercial real estate data.
Owen County, Indiana has a population of 21,604 across 385 square miles, up 2.4 percent since the 2020 census base. County output reached $760.3 m in 2024, 344 establishments operate here, and the SBA record carries 11 7(a) approvals worth $5.3 m.
118 sourced county values · tier FULL · 11 sections
Owen County
How many people live in Owen County
- Population21,604
- Households8,618
- Average household size2.51
- Median household income$62,464
- Median age45.0
- Median gross rent$911 per month
- Median owner-occupied home value$172,400
- Home value to household income2.8 times
- Annual rent as a share of median income17.5 percent
- Adults 25 and over with a bachelor degree or higher16.8 percent
- Adults 25 and over with a graduate degree5.6 percent
- Adults 25 and over15,704
- Population under 184,396
- Share under 1820.3 percent
- Population 65 and over4,602
- Share 65 and over21.3 percent
- Working age population, 18 to 6412,606
- Civilian labor force10,545
- Unemployment rate3.0 percent
- Labor force participation, adults 18 and over61.3 percent
- Rank by population among Indiana counties68th of 92
- Rank by population among US county-equivalents1788th
Owen County is the 68th largest of 92 Indiana counties by population. A median home costs 2.8 times median household income, which is an affordable ownership market by national standards. Residents 65 and over outnumber those under 18, at 21.3 percent against 20.3 percent, which points demand at health care, services and single storey product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Owen County
Is Owen County growing
- Population change since the 2020 census base2.43 percent
- Census 2020 base population21,332
- Births, 2024223
- Deaths, 2024328
- Natural change, 2024-105
- Net domestic migration, 2024169
- Net international migration, 202413
- Total net migration, 2024182
- Cumulative net domestic migration, 2021 to 2024880
- Rank by growth among US county-equivalents1027th
The county has grown 2.43 percent since the 2020 census base. Deaths exceeded births in 2024, so all of the growth came from people moving in. A market held up by migration alone is more sensitive to a change in relative cost than one growing from household formation.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Owen County
Where people moving to Owen County come from
- Tax returns filed by households arriving711
- People arriving, from those returns1,332
- Adjusted gross income arriving$36.6 m
- Net adjusted gross income movement$0
- Average income of an arriving household$51,509
- Largest single originOwen County Non-migrants (7,909 households)
- Largest single destination (7,909 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Owen County Non-migrants | 7,909 | 16,141 | $477.9 m |
| Monroe County | 180 | 340 | $8.9 m |
| Other flows - Same State | 132 | 242 | $6.6 m |
| Other flows - Different State | 112 | 195 | $5.2 m |
| Marion County | 82 | 145 | $4.8 m |
| Putnam County | 54 | 118 | $2.4 m |
| Other flows - South | 48 | 74 | $2.0 m |
| Greene County | 45 | 89 | $2.0 m |
The largest single source of arrivals is Owen 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.
Owen County
What the Owen County economy runs on
- County GDP, 2024$760.3 m
- County GDP, 2023$738.8 m
- GDP change, 2023 to 20242.9 percent
- GDP change over five years34.3 percent
- Rank by GDP among Indiana counties77th
- Rank by GDP among US county-equivalents2067th
- GDP per resident$35,190
Output grew 2.9 percent in the latest year and 34.3 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.
Owen County
Who employs people in Owen County
- Covered employment, annual average5,316
- Establishments reporting330
- Average annual pay$57,602
- Average weekly wage$1,108
- Sector 31-33, employment2,473
- Sector 31-33, average annual pay$71,200
- Sector 44-45, employment524
- Sector 44-45, average annual pay$29,833
- Sector 62, employment378
- Sector 62, average annual pay$48,184
- Sector 72, employment322
- Sector 72, average annual pay$19,345
- Sector 23, employment142
- Sector 22, employment107
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 31-33 | 2,473 | 35 | $71,200 |
| Sector 44-45 | 524 | 43 | $29,833 |
| Sector 62 | 378 | 22 | $48,184 |
| Sector 72 | 322 | 29 | $19,345 |
| Sector 23 | 142 | 48 | $50,543 |
| Sector 22 | 107 | 4 | $107,150 |
| Sector 52 | 80 | 13 | $52,951 |
| Sector 54 | 74 | 22 | $46,620 |
The largest sector is the biggest private employer group at 2,473 jobs, 46.5 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.
Owen County
What businesses operate in Owen County
- Establishments, all industries344
- Employment at those establishments4,050
- Annual payroll$184.9 m
- Establishments per 1,000 residents15.9
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.
Owen County
What is being built in Owen County
- Housing units authorised by permit, 2024116
- Declared construction value permitted$40.1 m
- Single family units authorised116
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$345,361
- Units authorised per 1,000 households13.5
Multifamily is 0.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Owen County
How much SBA lending happens in Owen County
- 7(a) approvals recorded11
- 7(a) gross approval dollars$5.3 m
- Average 7(a) approval$485,782
- Median 7(a) approval$203,700
- 10th percentile approval$100,000
- 90th percentile approval$686,000
- Largest single approval$2,665,000
- Jobs reported supported, 7(a)81
- Jobs per approval7.4
- Distinct 7(a) lenders active6
- Distinct industries receiving approvals8
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer9.1 percent
- Loans on real estate terms1
- Loans on working capital terms, 120 months or shorter8
- Franchise loans0
- Franchise share of approvals0.0 percent
- Leading industry by approval countAll Other Miscellaneous Nonmetallic Mineral Product Manufacturing (2)
- Most active lenderThe Huntington National Bank (4)
- 504 approvals recorded5
- 504 gross approval dollars$1.2 m
- Average 504 approval$242,800
- Median 504 approval$172,000
- Distinct CDCs active2
- 504 jobs per approval8.2
- 504 jobs per million dollars approved33.8
- Most active CDCPremier Capital Corporation (4)
- 7(a) share of SBA approvals68.8 percent
- Combined SBA approval dollars$6.6 m
The average approval of $485,782 sits well above the median of $203,700, 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 9.1 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.
Owen County
Do SBA loans in Owen County get paid back
- Loans with a final outcome recorded5
- Paid in full4
- Charged off1
- Status: Charged off1
- Status: Paid in full4
- Status: Exempt from disclosure5
- Status: Cancelled1
Too few loans have reached a final outcome to publish a charge off rate. only 5 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.
Owen County
Which parts of Owen County get the lending
- Places in the county with recorded lending3
- SPENCER, approvals6
- FREEDOM, approvals3
- Quincy, approvals2
| Place | Approvals | Gross approval dollars |
|---|---|---|
| SPENCER | 6 | $4,616,000 |
| FREEDOM | 3 | $532,000 |
| Quincy | 2 | $195,600 |
SPENCER accounts for 6 approvals against 3 in FREEDOM. 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.
Owen County
How big is Owen County
- Land area385 sq mi
- Rank by land area among Indiana counties54th of 92
- Width, east to west22.7 mi
- Height, north to south21.2 mi
- Geographies sharing a boundary5
- Residents per square mile of land56
- Establishments per square mile0.89
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 Owen 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 Owen County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population21,604
- Households8,618
- Average household size2.51
- Median household income$62,464
- Median age45.0
Common questions
Owen County questions, answered from the record.
How many people live in Owen County, Indiana?
21,604, in 8,618 households, ranking 68th of 92 Indiana counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Owen County growing?
The population has grown 2.43 percent since the 2020 census base. In 2024 there were 223 births against 328 deaths, with net migration of 182. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Owen County?
$62,464. The median owner-occupied home is valued at $172,400, which is 2.8 times income, and median gross rent is $911 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Owen County?
344 establishments, employing 4,050 people with an annual payroll of $184.9 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 Owen County?
Average annual pay is $57,602, or $1,108 a week, across 5,316 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Owen County?
11 7(a) approvals totalling $5.3 m since FY2020, across 6 lenders, with a median approval of $203,700, plus 5 504 approvals worth $1.2 m. These are approvals recorded in the release, not loans disbursed.
What is being built in Owen County?
116 housing units were authorised by permit in 2024, with a declared construction value of $40.1 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Owen County?
Zone 2, a predicted average indoor radon screening level from 2 to 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 Owen County come from?
The largest single origin is Owen County Non-migrants, with 7,909 households. Arriving households report an average income of $51,509 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 Owen 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 Owen 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.