Mitchell County, Iowa: commercial real estate data.
Mitchell County, Iowa has a population of 10,575 across 469 square miles, up 0.7 percent since the 2020 census base. County output reached $994.8 m in 2024, 302 establishments operate here, and the SBA record carries 9 7(a) approvals worth $3.9 m.
117 sourced county values · tier FULL · 11 sections
Mitchell County
How many people live in Mitchell County
- Population10,575
- Households4,597
- Average household size2.30
- Median household income$71,365
- Median age41.9
- Median gross rent$738 per month
- Median owner-occupied home value$175,100
- Home value to household income2.5 times
- Annual rent as a share of median income12.4 percent
- Adults 25 and over with a bachelor degree or higher24.9 percent
- Adults 25 and over with a graduate degree7.5 percent
- Adults 25 and over7,301
- Population under 182,522
- Share under 1823.8 percent
- Population 65 and over2,290
- Share 65 and over21.7 percent
- Working age population, 18 to 645,763
- Civilian labor force5,563
- Unemployment rate1.2 percent
- Labor force participation, adults 18 and over69.1 percent
- Rank by population among Iowa counties71st of 99
- Rank by population among US county-equivalents2448th
Mitchell County is the 71st largest of 99 Iowa counties by population. A median home costs 2.5 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 23.8 percent against 21.7 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Mitchell County
Is Mitchell County growing
- Population change since the 2020 census base0.68 percent
- Census 2020 base population10,560
- Births, 2024118
- Deaths, 2024137
- Natural change, 2024-19
- Net domestic migration, 202450
- Net international migration, 202459
- Total net migration, 2024109
- Cumulative net domestic migration, 2021 to 2024-15
- Rank by growth among US county-equivalents1595th
The county has grown 0.68 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.
Mitchell County
Where people moving to Mitchell County come from
- Tax returns filed by households arriving165
- People arriving, from those returns283
- Adjusted gross income arriving$10.3 m
- Net adjusted gross income movement$0
- Average income of an arriving household$62,267
- Largest single originMitchell County Non-migrants (4,029 households)
- Largest single destination (4,029 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Mitchell County Non-migrants | 4,029 | 8,669 | $335.3 m |
| Other flows - Same State | 107 | 180 | $6.7 m |
| Other flows - Different State | 58 | 103 | $3.6 m |
| Other flows - Midwest | 58 | 103 | $3.6 m |
The largest single source of arrivals is Mitchell 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.
Mitchell County
What the Mitchell County economy runs on
- County GDP, 2024$994.8 m
- County GDP, 2023$1.02 bn
- GDP change, 2023 to 2024-2.5 percent
- GDP change over five years63.4 percent
- Rank by GDP among Iowa counties53rd
- Rank by GDP among US county-equivalents1851st
- GDP per resident$94,068
Output grew -2.5 percent in the latest year and 63.4 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.
Mitchell County
Who employs people in Mitchell County
- Covered employment, annual average3,874
- Establishments reporting372
- Average annual pay$53,933
- Average weekly wage$1,037
- Sector 31-33, employment1,071
- Sector 31-33, average annual pay$65,967
- Sector 44-45, employment282
- Sector 44-45, average annual pay$25,131
- Sector 23, employment228
- Sector 23, average annual pay$62,954
- Sector 42, employment197
- Sector 42, average annual pay$70,883
- Sector 72, employment131
- Sector 81, employment131
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 31-33 | 1,071 | 26 | $65,967 |
| Sector 44-45 | 282 | 38 | $25,131 |
| Sector 23 | 228 | 45 | $62,954 |
| Sector 42 | 197 | 25 | $70,883 |
| Sector 72 | 131 | 18 | $14,633 |
| Sector 81 | 131 | 31 | $56,502 |
| Sector 71 | 68 | 8 | $17,002 |
| Sector 54 | 56 | 16 | $67,999 |
The largest sector is the biggest private employer group at 1,071 jobs, 27.6 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.
Mitchell County
What businesses operate in Mitchell County
- Establishments, all industries302
- Employment at those establishments3,334
- Annual payroll$163.2 m
- Establishments per 1,000 residents28.6
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.
Mitchell County
What is being built in Mitchell County
- Housing units authorised by permit, 202444
- Declared construction value permitted$12.0 m
- Single family units authorised40
- Multifamily units authorised4
- Multifamily share of units9.1 percent
- Average declared value per unit$272,829
- Units authorised per 1,000 households9.6
Multifamily is 9.1 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Mitchell County
How much SBA lending happens in Mitchell County
- 7(a) approvals recorded9
- 7(a) gross approval dollars$3.9 m
- Average 7(a) approval$431,833
- Median 7(a) approval$225,000
- 10th percentile approval$50,000
- 90th percentile approval$2,100,000
- Largest single approval$2,100,000
- Jobs reported supported, 7(a)78
- Jobs per approval8.7
- Distinct 7(a) lenders active6
- Distinct industries receiving approvals9
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer11.1 percent
- Loans on real estate terms1
- Loans on working capital terms, 120 months or shorter7
- Franchise loans0
- Franchise share of approvals0.0 percent
- Leading industry by approval countPlumbing, Heating, and Air-Conditioning Contractors (1)
- Most active lenderFirst National Bank (3)
- 504 approvals recorded3
- 504 gross approval dollars$1.3 m
- Average 504 approval$420,333
- Median 504 approval$351,000
- Distinct CDCs active1
- 504 jobs per approval4.7
- 504 jobs per million dollars approved11.1
- Most active CDCBlack Hawk Economic Development, Inc. (3)
- 7(a) share of SBA approvals75.0 percent
- Combined SBA approval dollars$5.1 m
The average approval of $431,833 sits well above the median of $225,000, 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 11.1 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.
Mitchell County
Do SBA loans in Mitchell County get paid back
- Loans with a final outcome recorded2
- Paid in full2
- Charged off0
- Status: Paid in full2
- Status: Exempt from disclosure6
- Status: Committed, not yet disbursed1
Too few loans have reached a final outcome to publish a charge off rate. only 2 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.
Mitchell County
Which parts of Mitchell County get the lending
- Places in the county with recorded lending3
- OSAGE, approvals4
- RICEVILLE, approvals4
- Mitchell, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| OSAGE | 4 | $2,744,500 |
| RICEVILLE | 4 | $1,032,000 |
| Mitchell | 1 | $110,000 |
OSAGE accounts for 4 approvals against 4 in RICEVILLE. 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.
Mitchell County
How big is Mitchell County
- Land area469 sq mi
- Rank by land area among Iowa counties76th of 99
- Width, east to west23.7 mi
- Height, north to south19.9 mi
- Geographies sharing a boundary4
- Residents per square mile of land23
- Establishments per square mile0.64
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 Mitchell 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 Mitchell County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population10,575
- Households4,597
- Average household size2.30
- Median household income$71,365
- Median age41.9
Common questions
Mitchell County questions, answered from the record.
How many people live in Mitchell County, Iowa?
10,575, in 4,597 households, ranking 71st of 99 Iowa counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Mitchell County growing?
The population has grown 0.68 percent since the 2020 census base. In 2024 there were 118 births against 137 deaths, with net migration of 109. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Mitchell County?
$71,365. The median owner-occupied home is valued at $175,100, which is 2.5 times income, and median gross rent is $738 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Mitchell County?
302 establishments, employing 3,334 people with an annual payroll of $163.2 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 Mitchell County?
Average annual pay is $53,933, or $1,037 a week, across 3,874 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Mitchell County?
9 7(a) approvals totalling $3.9 m since FY2020, across 6 lenders, with a median approval of $225,000, plus 3 504 approvals worth $1.3 m. These are approvals recorded in the release, not loans disbursed.
What is being built in Mitchell County?
44 housing units were authorised by permit in 2024, with a declared construction value of $12.0 m. Multifamily was 9.1 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Mitchell 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 Mitchell County come from?
The largest single origin is Mitchell County Non-migrants, with 4,029 households. Arriving households report an average income of $62,267 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 Mitchell 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 Mitchell 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.