Carroll County, Kentucky: commercial real estate data.
Carroll County, Kentucky has a population of 10,954 across 129 square miles, up 2.8 percent since the 2020 census base. County output reached $2.46 bn in 2024, 233 establishments operate here, and the SBA record carries 7 7(a) approvals worth $5.3 m.
115 sourced county values · tier FULL · 11 sections
Carroll County
How many people live in Carroll County
- Population10,954
- Households4,178
- Average household size2.62
- Median household income$56,466
- Median age38.5
- Median gross rent$910 per month
- Median owner-occupied home value$140,900
- Home value to household income2.5 times
- Annual rent as a share of median income19.3 percent
- Adults 25 and over with a bachelor degree or higher11.4 percent
- Adults 25 and over with a graduate degree4.1 percent
- Adults 25 and over7,192
- Population under 182,918
- Share under 1826.6 percent
- Population 65 and over1,803
- Share 65 and over16.5 percent
- Working age population, 18 to 646,233
- Civilian labor force4,693
- Unemployment rate6.1 percent
- Labor force participation, adults 18 and over58.4 percent
- Rank by population among Kentucky counties97th of 120
- Rank by population among US county-equivalents2420th
Carroll County is the 97th largest of 120 Kentucky 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 26.6 percent against 16.5 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Carroll County
Is Carroll County growing
- Population change since the 2020 census base2.81 percent
- Census 2020 base population10,807
- Births, 2024169
- Deaths, 2024163
- Natural change, 20246
- Net domestic migration, 202484
- Net international migration, 202434
- Total net migration, 2024118
- Cumulative net domestic migration, 2021 to 2024192
- Rank by growth among US county-equivalents920th
The county has grown 2.81 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.
Carroll County
Where people moving to Carroll County come from
- Tax returns filed by households arriving300
- People arriving, from those returns571
- Adjusted gross income arriving$14.6 m
- Net adjusted gross income movement$0
- Average income of an arriving household$48,627
- Largest single originCarroll County Non-migrants (3,715 households)
- Largest single destination (3,715 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Carroll County Non-migrants | 3,715 | 7,958 | $226.3 m |
| Other flows - Same State | 103 | 185 | $4.2 m |
| Other flows - Different State | 80 | 134 | $5.1 m |
| Other flows - Midwest | 51 | 88 | $4.1 m |
| Trimble County | 35 | 82 | $967,000 |
| Owen County | 34 | 71 | $1.3 m |
| Other flows - South | 29 | 46 | $1.0 m |
| Gallatin County | 24 | 45 | $1.4 m |
The largest single source of arrivals is Carroll 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.
Carroll County
What the Carroll County economy runs on
- County GDP, 2024$2.46 bn
- County GDP, 2023$2.43 bn
- GDP change, 2023 to 20241.1 percent
- GDP change over five years29.8 percent
- Rank by GDP among Kentucky counties23rd
- Rank by GDP among US county-equivalents1112th
- GDP per resident$224,200
Output grew 1.1 percent in the latest year and 29.8 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.
Carroll County
Who employs people in Carroll County
- Covered employment, annual average7,615
- Establishments reporting372
- Average annual pay$73,076
- Average weekly wage$1,405
- Sector 31-33, employment3,248
- Sector 31-33, average annual pay$96,500
- Sector 44-45, employment639
- Sector 44-45, average annual pay$36,800
- Sector 56, employment603
- Sector 56, average annual pay$44,686
- Sector 72, employment482
- Sector 72, average annual pay$20,766
- Sector 48-49, employment247
- Sector 81, employment161
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 31-33 | 3,248 | 29 | $96,500 |
| Sector 44-45 | 639 | 50 | $36,800 |
| Sector 56 | 603 | 30 | $44,686 |
| Sector 72 | 482 | 33 | $20,766 |
| Sector 48-49 | 247 | 21 | $70,583 |
| Sector 81 | 161 | 22 | $55,072 |
| Sector 42 | 132 | 12 | $91,438 |
| Sector 52 | 64 | 12 | $55,520 |
The largest sector is the biggest private employer group at 3,248 jobs, 42.7 percent of covered employment. Average pay per job exceeds median household income, which usually means single earner households and a wage base that can carry rent.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Carroll County
What businesses operate in Carroll County
- Establishments, all industries233
- Employment at those establishments6,600
- Annual payroll$497.4 m
- Establishments per 1,000 residents21.3
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.
Carroll County
What is being built in Carroll County
- Housing units authorised by permit, 20243
- Declared construction value permitted$625,000
- Single family units authorised3
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$208,333
- Units authorised per 1,000 households0.7
Multifamily is 0.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Carroll County
How much SBA lending happens in Carroll County
- 7(a) approvals recorded7
- 7(a) gross approval dollars$5.3 m
- Average 7(a) approval$756,200
- Median 7(a) approval$250,000
- 10th percentile approval$50,000
- 90th percentile approval$2,100,000
- Largest single approval$2,100,000
- Jobs reported supported, 7(a)223
- Jobs per approval31.9
- Distinct 7(a) lenders active6
- Distinct industries receiving approvals6
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer42.9 percent
- Loans on real estate terms3
- Loans on working capital terms, 120 months or shorter4
- Franchise loans2
- Franchise share of approvals28.6 percent
- Leading industry by approval countLandscaping Services (2)
- Most active lenderFirst Commonwealth Bank (2)
- 504 approvals recorded4
- 504 gross approval dollars$849,000
- Average 504 approval$212,250
- Median 504 approval$146,000
- Distinct CDCs active2
- 504 jobs per approval4.0
- 504 jobs per million dollars approved18.8
- Most active CDCCapital Access Corporation - Kentucky (3)
- 7(a) share of SBA approvals63.6 percent
- Combined SBA approval dollars$6.1 m
The average approval of $756,200 sits well above the median of $250,000, 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. 42.9 percent of approvals run on real estate terms of 240 months or more, so this is a market where SBA credit is buying buildings, not just funding operations.
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.
Carroll County
Do SBA loans in Carroll County get paid back
- Loans with a final outcome recorded0
- Paid in full0
- Charged off0
- Status: Cancelled3
- Status: Exempt from disclosure4
Too few loans have reached a final outcome to publish a charge off rate. only 0 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.
Carroll County
Which parts of Carroll County get the lending
- Places in the county with recorded lending2
- CARROLLTON, approvals6
- Ghent, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| CARROLLTON | 6 | $5,243,400 |
| Ghent | 1 | $50,000 |
CARROLLTON accounts for 6 approvals against 1 in Ghent. 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.
Carroll County
How big is Carroll County
- Land area129 sq mi
- Rank by land area among Kentucky counties118th of 120
- Width, east to west21.5 mi
- Height, north to south12.3 mi
- Geographies sharing a boundary4
- Residents per square mile of land85
- Establishments per square mile1.81
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 Carroll 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 Carroll County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population10,954
- Households4,178
- Average household size2.62
- Median household income$56,466
- Median age38.5
Common questions
Carroll County questions, answered from the record.
How many people live in Carroll County, Kentucky?
10,954, in 4,178 households, ranking 97th of 120 Kentucky counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Carroll County growing?
The population has grown 2.81 percent since the 2020 census base. In 2024 there were 169 births against 163 deaths, with net migration of 118. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Carroll County?
$56,466. The median owner-occupied home is valued at $140,900, which is 2.5 times income, and median gross rent is $910 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Carroll County?
233 establishments, employing 6,600 people with an annual payroll of $497.4 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 Carroll County?
Average annual pay is $73,076, or $1,405 a week, across 7,615 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Carroll County?
7 7(a) approvals totalling $5.3 m since FY2020, across 6 lenders, with a median approval of $250,000, plus 4 504 approvals worth $849,000. These are approvals recorded in the release, not loans disbursed.
What is being built in Carroll County?
3 housing units were authorised by permit in 2024, with a declared construction value of $625,000. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Carroll 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 Carroll County come from?
The largest single origin is Carroll County Non-migrants, with 3,715 households. Arriving households report an average income of $48,627 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 Carroll 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 Carroll 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.