Hopkins County, Kentucky: commercial real estate data.
Hopkins County, Kentucky has a population of 45,119 across 542 square miles, down 0.4 percent since the 2020 census base. County output reached $2.66 bn in 2024, 882 establishments operate here, and the SBA record carries 13 7(a) approvals worth $7.2 m.
108 sourced county values · tier FULL · 11 sections
Hopkins County
How many people live in Hopkins County
- Population45,119
- Households18,397
- Average household size2.45
- Median household income$56,815
- Median age41.3
- Median gross rent$837 per month
- Median owner-occupied home value$142,800
- Home value to household income2.5 times
- Annual rent as a share of median income17.7 percent
- Adults 25 and over with a bachelor degree or higher16.9 percent
- Adults 25 and over with a graduate degree7.5 percent
- Adults 25 and over31,383
- Population under 1810,378
- Share under 1823.0 percent
- Population 65 and over8,597
- Share 65 and over19.1 percent
- Working age population, 18 to 6426,144
- Civilian labor force19,378
- Unemployment rate6.2 percent
- Labor force participation, adults 18 and over55.8 percent
- Rank by population among Kentucky counties23rd of 120
- Rank by population among US county-equivalents1101st
Hopkins County is the 23rd 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 23.0 percent against 19.1 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Hopkins County
Is Hopkins County growing
- Population change since the 2020 census base-0.43 percent
- Census 2020 base population45,415
- Births, 2024518
- Deaths, 2024626
- Natural change, 2024-108
- Net domestic migration, 2024146
- Net international migration, 2024193
- Total net migration, 2024339
- Cumulative net domestic migration, 2021 to 202496
- Rank by growth among US county-equivalents1993rd
The county has lost 0.43 percent of its population 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.
Hopkins County
Where people moving to Hopkins County come from
- Tax returns filed by households arriving797
- People arriving, from those returns1,525
- Adjusted gross income arriving$37.7 m
- Net adjusted gross income movement$0
- Average income of an arriving household$47,272
- Largest single originHopkins County Non-migrants (15,630 households)
- Largest single destination (15,630 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Hopkins County Non-migrants | 15,630 | 32,921 | $1.05 bn |
| Other flows - Different State | 335 | 650 | $18.3 m |
| Other flows - Same State | 151 | 263 | $6.8 m |
| Other flows - South | 150 | 280 | $8.6 m |
| Other flows - Midwest | 116 | 208 | $5.3 m |
| Webster County | 91 | 189 | $3.9 m |
| Muhlenberg County | 61 | 127 | $2.5 m |
| Christian County | 59 | 106 | $2.3 m |
The largest single source of arrivals is Hopkins 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.
Hopkins County
What the Hopkins County economy runs on
- County GDP, 2024$2.66 bn
- County GDP, 2023$2.57 bn
- GDP change, 2023 to 20243.7 percent
- GDP change over five years44.8 percent
- Rank by GDP among Kentucky counties22nd
- Rank by GDP among US county-equivalents1064th
- GDP per resident$58,977
Output grew 3.7 percent in the latest year and 44.8 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.
Hopkins County
Who employs people in Hopkins County
- Covered employment, annual average17,505
- Establishments reporting1,209
- Average annual pay$54,831
- Average weekly wage$1,054
- Sector 44-45, employment2,060
- Sector 44-45, average annual pay$32,296
- Sector 31-33, employment2,059
- Sector 31-33, average annual pay$70,738
- Sector 48-49, employment1,790
- Sector 48-49, average annual pay$55,545
- Sector 72, employment1,359
- Sector 72, average annual pay$18,736
- Sector 23, employment973
- Sector 81, employment566
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 44-45 | 2,060 | 176 | $32,296 |
| Sector 31-33 | 2,059 | 62 | $70,738 |
| Sector 48-49 | 1,790 | 33 | $55,545 |
| Sector 72 | 1,359 | 88 | $18,736 |
| Sector 23 | 973 | 81 | $68,214 |
| Sector 81 | 566 | 102 | $41,186 |
| Sector 52 | 357 | 71 | $75,225 |
| Sector 42 | 314 | 55 | $68,217 |
The largest sector is the biggest private employer group at 2,060 jobs, 11.8 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.
Hopkins County
What businesses operate in Hopkins County
- Establishments, all industries882
- Employment at those establishments14,582
- Annual payroll$742.3 m
- Establishments per 1,000 residents19.5
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.
Hopkins County
What is being built in Hopkins County
- Housing units authorised by permit, 2024118
- Declared construction value permitted$22.0 m
- Single family units authorised112
- Multifamily units authorised6
- Multifamily share of units5.1 percent
- Average declared value per unit$186,219
- Units authorised per 1,000 households6.4
Multifamily is 5.1 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Hopkins County
How much SBA lending happens in Hopkins County
- 7(a) approvals recorded13
- 7(a) gross approval dollars$7.2 m
- Average 7(a) approval$550,962
- Median 7(a) approval$345,100
- 10th percentile approval$45,000
- 90th percentile approval$1,350,000
- Largest single approval$1,961,000
- Jobs reported supported, 7(a)165
- Jobs per approval12.7
- Distinct 7(a) lenders active8
- Distinct industries receiving approvals10
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer30.8 percent
- Loans on real estate terms4
- Loans on working capital terms, 120 months or shorter7
- Franchise loans1
- Franchise share of approvals7.7 percent
- Leading industry by approval countCut Stone and Stone Product Manufacturing (3)
- Most active lenderNewtek Bank, National Association (3)
The average approval of $550,962 sits well above the median of $345,100, 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. 30.8 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.
Hopkins County
Do SBA loans in Hopkins County get paid back
- Loans with a final outcome recorded1
- Paid in full1
- Charged off0
- Status: Paid in full1
- Status: Exempt from disclosure8
- Status: Cancelled1
- Status: Committed, not yet disbursed3
Too few loans have reached a final outcome to publish a charge off rate. only 1 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.
Hopkins County
Which parts of Hopkins County get the lending
- Places in the county with recorded lending3
- MADISONVILLE, approvals11
- Dawson Springs, approvals1
- NORTONVILLE, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| MADISONVILLE | 11 | $6,762,500 |
| Dawson Springs | 1 | $350,000 |
| NORTONVILLE | 1 | $50,000 |
MADISONVILLE accounts for 11 approvals against 1 in Dawson Springs. 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.
Hopkins County
How big is Hopkins County
- Land area542 sq mi
- Rank by land area among Kentucky counties9th of 120
- Width, east to west30.5 mi
- Height, north to south32.1 mi
- Geographies sharing a boundary5
- Residents per square mile of land83
- Establishments per square mile1.63
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 Hopkins 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 Hopkins County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population45,119
- Households18,397
- Average household size2.45
- Median household income$56,815
- Median age41.3
Common questions
Hopkins County questions, answered from the record.
How many people live in Hopkins County, Kentucky?
45,119, in 18,397 households, ranking 23rd of 120 Kentucky counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Hopkins County growing?
The population has fallen 0.43 percent since the 2020 census base. In 2024 there were 518 births against 626 deaths, with net migration of 339. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Hopkins County?
$56,815. The median owner-occupied home is valued at $142,800, which is 2.5 times income, and median gross rent is $837 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Hopkins County?
882 establishments, employing 14,582 people with an annual payroll of $742.3 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 Hopkins County?
Average annual pay is $54,831, or $1,054 a week, across 17,505 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Hopkins County?
13 7(a) approvals totalling $7.2 m since FY2020, across 8 lenders, with a median approval of $345,100. These are approvals recorded in the release, not loans disbursed.
What is being built in Hopkins County?
118 housing units were authorised by permit in 2024, with a declared construction value of $22.0 m. Multifamily was 5.1 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Hopkins 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 Hopkins County come from?
The largest single origin is Hopkins County Non-migrants, with 15,630 households. Arriving households report an average income of $47,272 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 Hopkins 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 Hopkins 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.