Calloway County, Kentucky: commercial real estate data.
Calloway County, Kentucky has a population of 38,224 across 385 square miles, up 3.8 percent since the 2020 census base. County output reached $1.91 bn in 2024, 906 establishments operate here, and the SBA record carries 22 7(a) approvals worth $11.6 m.
120 sourced county values · tier FULL · 11 sections
Calloway County
How many people live in Calloway County
- Population38,224
- Households15,239
- Average household size2.51
- Median household income$52,706
- Median age35.9
- Median gross rent$870 per month
- Median owner-occupied home value$183,200
- Home value to household income3.5 times
- Annual rent as a share of median income19.8 percent
- Adults 25 and over with a bachelor degree or higher31.2 percent
- Adults 25 and over with a graduate degree13.5 percent
- Adults 25 and over23,637
- Population under 186,972
- Share under 1818.2 percent
- Population 65 and over6,477
- Share 65 and over16.9 percent
- Working age population, 18 to 6424,775
- Civilian labor force18,566
- Unemployment rate4.4 percent
- Labor force participation, adults 18 and over59.4 percent
- Rank by population among Kentucky counties26th of 120
- Rank by population among US county-equivalents1243rd
Calloway County is the 26th largest of 120 Kentucky counties by population. A median home costs 3.5 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 18.2 percent against 16.9 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Calloway County
Is Calloway County growing
- Population change since the 2020 census base3.80 percent
- Census 2020 base population37,548
- Births, 2024354
- Deaths, 2024433
- Natural change, 2024-79
- Net domestic migration, 2024322
- Net international migration, 2024208
- Total net migration, 2024530
- Cumulative net domestic migration, 2021 to 20241,446
- Rank by growth among US county-equivalents723rd
The county has grown 3.80 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.
Calloway County
Where people moving to Calloway County come from
- Tax returns filed by households arriving1,109
- People arriving, from those returns2,000
- Adjusted gross income arriving$56.4 m
- Net adjusted gross income movement$0
- Average income of an arriving household$50,896
- Largest single originCalloway County Non-migrants (12,212 households)
- Largest single destination (12,212 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Calloway County Non-migrants | 12,212 | 24,638 | $835.7 m |
| Other flows - Different State | 515 | 942 | $33.5 m |
| Other flows - South | 248 | 452 | $12.9 m |
| Other flows - Same State | 151 | 241 | $5.5 m |
| Other flows - Midwest | 148 | 273 | $13.8 m |
| Marshall County | 121 | 244 | $4.9 m |
| Graves County | 120 | 240 | $5.2 m |
| Other flows - West | 90 | 164 | $4.5 m |
The largest single source of arrivals is Calloway 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.
Calloway County
What the Calloway County economy runs on
- County GDP, 2024$1.91 bn
- County GDP, 2023$1.85 bn
- GDP change, 2023 to 20243.5 percent
- GDP change over five years25.5 percent
- Rank by GDP among Kentucky counties27th
- Rank by GDP among US county-equivalents1320th
- GDP per resident$50,068
Output grew 3.5 percent in the latest year and 25.5 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.
Calloway County
Who employs people in Calloway County
- Covered employment, annual average15,570
- Establishments reporting1,333
- Average annual pay$46,250
- Average weekly wage$889
- Sector 31-33, employment1,974
- Sector 31-33, average annual pay$62,591
- Sector 72, employment1,937
- Sector 72, average annual pay$17,678
- Sector 44-45, employment1,918
- Sector 44-45, average annual pay$32,228
- Sector 48-49, employment1,488
- Sector 48-49, average annual pay$43,696
- Sector 62, employment897
- Sector 23, employment698
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 31-33 | 1,974 | 64 | $62,591 |
| Sector 72 | 1,937 | 87 | $17,678 |
| Sector 44-45 | 1,918 | 178 | $32,228 |
| Sector 48-49 | 1,488 | 42 | $43,696 |
| Sector 62 | 897 | 173 | $42,589 |
| Sector 23 | 698 | 126 | $50,513 |
| Sector 54 | 550 | 153 | $64,616 |
| Sector 52 | 385 | 74 | $71,803 |
The largest sector is the biggest private employer group at 1,974 jobs, 12.7 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.
Calloway County
What businesses operate in Calloway County
- Establishments, all industries906
- Employment at those establishments13,709
- Annual payroll$548.1 m
- Establishments per 1,000 residents23.7
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.
Calloway County
What is being built in Calloway County
- Housing units authorised by permit, 202481
- Declared construction value permitted$14.0 m
- Single family units authorised15
- Multifamily units authorised66
- Multifamily share of units81.5 percent
- Average declared value per unit$173,301
- Units authorised per 1,000 households5.3
Multifamily is 81.5 percent of units authorised, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Calloway County
How much SBA lending happens in Calloway County
- 7(a) approvals recorded22
- 7(a) gross approval dollars$11.6 m
- Average 7(a) approval$525,164
- Median 7(a) approval$150,000
- 10th percentile approval$17,000
- 90th percentile approval$1,400,000
- Largest single approval$3,873,000
- Jobs reported supported, 7(a)195
- Jobs per approval8.9
- Distinct 7(a) lenders active7
- Distinct industries receiving approvals17
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer4.5 percent
- Loans on real estate terms1
- Loans on working capital terms, 120 months or shorter18
- Franchise loans1
- Franchise share of approvals4.5 percent
- Leading industry by approval countChicken Egg Production (2)
- Most active lenderFNB Bank, Inc. (9)
- 504 approvals recorded1
- 504 gross approval dollars$820,000
- Average 504 approval$820,000
- Median 504 approval$820,000
- Distinct CDCs active1
- 504 jobs per approval6.0
- 504 jobs per million dollars approved7.3
- Most active CDCPurchase Area Development District (1)
- 7(a) share of SBA approvals95.7 percent
- Combined SBA approval dollars$12.4 m
The average approval of $525,164 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 4.5 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.
Calloway County
Do SBA loans in Calloway County get paid back
- Loans with a final outcome recorded10
- Paid in full9
- Charged off1
- Charge off rate on resolved loans10.0 percent
- Status: Cancelled3
- Status: Paid in full9
- Status: Charged off1
- Status: Exempt from disclosure9
Of the 10 loans that have reached a final outcome, 10.0 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.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Calloway County
Which parts of Calloway County get the lending
- Places in the county with recorded lending4
- MURRAY, approvals17
- NEW CONCORD, approvals3
- HAZEL, approvals1
- KIRKSEY, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| MURRAY | 17 | $6,870,600 |
| NEW CONCORD | 3 | $4,583,000 |
| HAZEL | 1 | $25,000 |
| KIRKSEY | 1 | $75,000 |
MURRAY accounts for 17 approvals against 3 in NEW CONCORD. 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.
Calloway County
How big is Calloway County
- Land area385 sq mi
- Rank by land area among Kentucky counties36th of 120
- Width, east to west25.4 mi
- Height, north to south17.5 mi
- Geographies sharing a boundary3
- Residents per square mile of land99
- Establishments per square mile2.35
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 Calloway 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 Calloway County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population38,224
- Households15,239
- Average household size2.51
- Median household income$52,706
- Median age35.9
Common questions
Calloway County questions, answered from the record.
How many people live in Calloway County, Kentucky?
38,224, in 15,239 households, ranking 26th of 120 Kentucky counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Calloway County growing?
The population has grown 3.80 percent since the 2020 census base. In 2024 there were 354 births against 433 deaths, with net migration of 530. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Calloway County?
$52,706. The median owner-occupied home is valued at $183,200, which is 3.5 times income, and median gross rent is $870 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Calloway County?
906 establishments, employing 13,709 people with an annual payroll of $548.1 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 Calloway County?
Average annual pay is $46,250, or $889 a week, across 15,570 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Calloway County?
22 7(a) approvals totalling $11.6 m since FY2020, across 7 lenders, with a median approval of $150,000, plus 1 504 approvals worth $820,000. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Calloway County get paid back?
Of the 10 loans that have reached a final outcome, 9 were paid in full and 1 charged off, a charge off rate of 10.0 percent. Loans still running are excluded, because they have not yet succeeded or failed.
What is being built in Calloway County?
81 housing units were authorised by permit in 2024, with a declared construction value of $14.0 m. Multifamily was 81.5 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Calloway County?
Zone 3, a predicted average indoor radon screening level less than 2 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Calloway County come from?
The largest single origin is Calloway County Non-migrants, with 12,212 households. Arriving households report an average income of $50,896 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 Calloway 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 Calloway 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.