Gallatin County, Kentucky: commercial real estate data.
Gallatin County, Kentucky has a population of 8,769 across 101 square miles, up 1.3 percent since the 2020 census base. County output reached $461.4 m in 2024, 84 establishments operate here, and the SBA record carries 3 7(a) approvals worth $2.8 m.
102 sourced county values · tier FULL · 11 sections
Gallatin County
How many people live in Gallatin County
- Population8,769
- Households3,265
- Average household size2.69
- Median household income$63,346
- Median age39.6
- Median gross rent$832 per month
- Median owner-occupied home value$178,200
- Home value to household income2.8 times
- Annual rent as a share of median income15.8 percent
- Adults 25 and over with a bachelor degree or higher15.0 percent
- Adults 25 and over with a graduate degree5.3 percent
- Adults 25 and over5,996
- Population under 182,013
- Share under 1823.0 percent
- Population 65 and over1,390
- Share 65 and over15.9 percent
- Working age population, 18 to 645,366
- Civilian labor force4,270
- Unemployment rate4.6 percent
- Labor force participation, adults 18 and over63.2 percent
- Rank by population among Kentucky counties106th of 120
- Rank by population among US county-equivalents2581st
Gallatin County is the 106th largest of 120 Kentucky counties by population. A median home costs 2.8 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 23.0 percent against 15.9 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Gallatin County
Is Gallatin County growing
- Population change since the 2020 census base1.27 percent
- Census 2020 base population8,695
- Births, 2024117
- Deaths, 2024107
- Natural change, 202410
- Net domestic migration, 2024-34
- Net international migration, 20247
- Total net migration, 2024-27
- Cumulative net domestic migration, 2021 to 2024115
- Rank by growth among US county-equivalents1394th
The county has grown 1.27 percent since the 2020 census base. Births exceeded deaths in 2024 but more people left than arrived, so the population is being sustained internally rather than attracting.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Gallatin County
Where people moving to Gallatin County come from
- Tax returns filed by households arriving265
- People arriving, from those returns509
- Adjusted gross income arriving$13.7 m
- Net adjusted gross income movement$0
- Average income of an arriving household$51,558
- Largest single originGallatin County Non-migrants (2,929 households)
- Largest single destination (2,929 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Gallatin County Non-migrants | 2,929 | 6,323 | $183.7 m |
| Boone County | 67 | 134 | $3.8 m |
| Other flows - Same State | 50 | 90 | $2.1 m |
| Other flows - Different State | 47 | 87 | $2.7 m |
| Other flows - Midwest | 47 | 87 | $2.7 m |
| Kenton County | 41 | 73 | $2.5 m |
| Carroll County | 32 | 66 | $1.6 m |
| Grant County | 28 | 59 | $934,000 |
The largest single source of arrivals is Gallatin 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.
Gallatin County
What the Gallatin County economy runs on
- County GDP, 2024$461.4 m
- County GDP, 2023$453.4 m
- GDP change, 2023 to 20241.8 percent
- GDP change over five years36.5 percent
- Rank by GDP among Kentucky counties79th
- Rank by GDP among US county-equivalents2456th
- GDP per resident$52,618
Output grew 1.8 percent in the latest year and 36.5 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.
Gallatin County
Who employs people in Gallatin County
- Covered employment, annual average2,488
- Establishments reporting162
- Average annual pay$70,485
- Average weekly wage$1,355
- Sector 44-45, employment150
- Sector 44-45, average annual pay$25,776
- Sector 56, employment62
- Sector 56, average annual pay$44,495
- Sector 54, employment22
- Sector 54, average annual pay$103,785
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 44-45 | 150 | 26 | $25,776 |
| Sector 56 | 62 | 9 | $44,495 |
| Sector 54 | 22 | 17 | $103,785 |
The largest sector is the biggest private employer group at 150 jobs, 6.0 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.
Gallatin County
What businesses operate in Gallatin County
- Establishments, all industries84
- Employment at those establishments1,373
- Annual payroll$60.2 m
- Establishments per 1,000 residents9.6
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.
Gallatin County
What is being built in Gallatin County
- Housing units authorised by permit, 202456
- Declared construction value permitted$2.5 m
- Single family units authorised56
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$44,098
- Units authorised per 1,000 households17.2
Multifamily is 0.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Gallatin County
How much SBA lending happens in Gallatin County
- 7(a) approvals recorded3
- 7(a) gross approval dollars$2.8 m
- Average 7(a) approval$940,600
- Median 7(a) approval$50,000
- 10th percentile approval$11,800
- 90th percentile approval$2,760,000
- Largest single approval$2,760,000
- Jobs reported supported, 7(a)17
- Jobs per approval5.7
- Distinct 7(a) lenders active3
- Distinct industries receiving approvals3
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer33.3 percent
- Loans on real estate terms1
- Loans on working capital terms, 120 months or shorter2
- Franchise loans1
- Franchise share of approvals33.3 percent
- Leading industry by approval countHotels (except Casino Hotels) and Motels (1)
- Most active lenderShoreham Bank (1)
The average approval of $940,600 sits well above the median of $50,000, 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. 33.3 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.
Gallatin County
Do SBA loans in Gallatin County get paid back
- Loans with a final outcome recorded0
- Paid in full0
- Charged off0
- Status: Cancelled2
- Status: Exempt from disclosure1
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.
Gallatin County
Which parts of Gallatin County get the lending
- Places in the county with recorded lending3
- SPARTA, approvals1
- WARSAW, approvals1
- GLENCOE, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| SPARTA | 1 | $2,760,000 |
| WARSAW | 1 | $50,000 |
| GLENCOE | 1 | $11,800 |
SPARTA accounts for 1 approvals against 1 in WARSAW. 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.
Gallatin County
How big is Gallatin County
- Land area101 sq mi
- Rank by land area among Kentucky counties119th of 120
- Width, east to west19.6 mi
- Height, north to south13.4 mi
- Geographies sharing a boundary4
- Residents per square mile of land87
- Establishments per square mile0.83
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 504 approvals recorded in this county in the FOIA release covering FY2010 onward.
- 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 Gallatin 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 Gallatin County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population8,769
- Households3,265
- Average household size2.69
- Median household income$63,346
- Median age39.6
Common questions
Gallatin County questions, answered from the record.
How many people live in Gallatin County, Kentucky?
8,769, in 3,265 households, ranking 106th of 120 Kentucky counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Gallatin County growing?
The population has grown 1.27 percent since the 2020 census base. In 2024 there were 117 births against 107 deaths, with net migration of -27. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Gallatin County?
$63,346. The median owner-occupied home is valued at $178,200, which is 2.8 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 Gallatin County?
84 establishments, employing 1,373 people with an annual payroll of $60.2 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 Gallatin County?
Average annual pay is $70,485, or $1,355 a week, across 2,488 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Gallatin County?
3 7(a) approvals totalling $2.8 m since FY2020, across 3 lenders, with a median approval of $50,000. These are approvals recorded in the release, not loans disbursed.
What is being built in Gallatin County?
56 housing units were authorised by permit in 2024, with a declared construction value of $2.5 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Gallatin 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 Gallatin County come from?
The largest single origin is Gallatin County Non-migrants, with 2,929 households. Arriving households report an average income of $51,558 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 Gallatin 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 Gallatin 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.