Magoffin County, Kentucky: commercial real estate data.
Magoffin County, Kentucky has a population of 11,348 across 308 square miles, down 4.5 percent since the 2020 census base. County output reached $212.5 m in 2024, 156 establishments operate here, and the SBA record carries 3 7(a) approvals worth $510,000.
96 sourced county values · tier FULL · 9 sections
Magoffin County
How many people live in Magoffin County
- Population11,348
- Households4,734
- Average household size2.40
- Median household income$33,080
- Median age42.6
- Median gross rent$730 per month
- Median owner-occupied home value$89,000
- Home value to household income2.7 times
- Annual rent as a share of median income26.5 percent
- Adults 25 and over with a bachelor degree or higher12.8 percent
- Adults 25 and over with a graduate degree7.9 percent
- Adults 25 and over8,014
- Population under 182,545
- Share under 1822.4 percent
- Population 65 and over2,157
- Share 65 and over19.0 percent
- Working age population, 18 to 646,646
- Civilian labor force3,359
- Unemployment rate9.0 percent
- Labor force participation, adults 18 and over38.2 percent
- Rank by population among Kentucky counties93rd of 120
- Rank by population among US county-equivalents2396th
Magoffin County is the 93rd largest of 120 Kentucky counties by population. A median home costs 2.7 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 22.4 percent against 19.0 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Magoffin County
Is Magoffin County growing
- Population change since the 2020 census base-4.48 percent
- Census 2020 base population11,639
- Births, 2024131
- Deaths, 2024201
- Natural change, 2024-70
- Net domestic migration, 2024-11
- Net international migration, 2024-4
- Total net migration, 2024-15
- Cumulative net domestic migration, 2021 to 2024-185
- Rank by growth among US county-equivalents2943rd
The county has lost 4.48 percent of its population since the 2020 census base.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Magoffin County
Where people moving to Magoffin County come from
- Tax returns filed by households arriving87
- People arriving, from those returns190
- Adjusted gross income arriving$3.2 m
- Net adjusted gross income movement$0
- Average income of an arriving household$36,805
- Largest single originMagoffin County Non-migrants (3,329 households)
- Largest single destination (3,329 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Magoffin County Non-migrants | 3,329 | 7,656 | $149.4 m |
| Other flows - Same State | 66 | 139 | $2.6 m |
| Johnson County | 21 | 51 | $574,000 |
The largest single source of arrivals is Magoffin 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.
Magoffin County
What the Magoffin County economy runs on
- County GDP, 2024$212.5 m
- County GDP, 2023$199.7 m
- GDP change, 2023 to 20246.4 percent
- GDP change over five years34.2 percent
- Rank by GDP among Kentucky counties111th
- Rank by GDP among US county-equivalents2886th
- GDP per resident$18,725
Output grew 6.4 percent in the latest year and 34.2 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.
Magoffin County
Who employs people in Magoffin County
- Covered employment, annual average1,936
- Establishments reporting281
- Average annual pay$39,288
- Average weekly wage$756
- Sector 62, employment408
- Sector 62, average annual pay$46,011
- Sector 44-45, employment236
- Sector 44-45, average annual pay$29,403
- Sector 72, employment220
- Sector 72, average annual pay$17,206
- Sector 54, employment94
- Sector 54, average annual pay$50,383
- Sector 48-49, employment74
- Sector 42, employment15
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 62 | 408 | 86 | $46,011 |
| Sector 44-45 | 236 | 37 | $29,403 |
| Sector 72 | 220 | 14 | $17,206 |
| Sector 54 | 94 | 24 | $50,383 |
| Sector 48-49 | 74 | 25 | $27,983 |
| Sector 42 | 15 | 7 | $47,017 |
The largest sector is the biggest private employer group at 408 jobs, 21.1 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.
Magoffin County
What businesses operate in Magoffin County
- Establishments, all industries156
- Employment at those establishments1,257
- Annual payroll$46.1 m
- Establishments per 1,000 residents13.7
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.
Magoffin County
How much SBA lending happens in Magoffin County
- 7(a) approvals recorded3
- 7(a) gross approval dollars$510,000
- Average 7(a) approval$170,000
- Median 7(a) approval$30,000
- 10th percentile approval$30,000
- 90th percentile approval$450,000
- Largest single approval$450,000
- Jobs reported supported, 7(a)9
- Jobs per approval3.0
- Distinct 7(a) lenders active2
- Distinct industries receiving approvals3
- Median 7(a) term60 months
- Share of loans on real estate terms, 240 months or longer0.0 percent
- Loans on real estate terms0
- Loans on working capital terms, 120 months or shorter3
- Franchise loans0
- Franchise share of approvals0.0 percent
- Leading industry by approval countPharmacies and Drug Retailers (1)
- Most active lenderU.S. Bank, National Association (2)
The average approval of $170,000 sits well above the median of $30,000, 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 0.0 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.
Magoffin County
Do SBA loans in Magoffin County get paid back
- Loans with a final outcome recorded1
- Paid in full1
- Charged off0
- Status: Cancelled1
- Status: Paid in full1
- Status: Exempt from disclosure1
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.
Magoffin County
How big is Magoffin County
- Land area308 sq mi
- Rank by land area among Kentucky counties59th of 120
- Width, east to west21.4 mi
- Height, north to south26.1 mi
- Geographies sharing a boundary6
- Residents per square mile of land37
- Establishments per square mile0.51
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.
- The Building Permits Survey does not carry a 2024 record for this county.
- 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 Magoffin 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 Magoffin County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population11,348
- Households4,734
- Average household size2.40
- Median household income$33,080
- Median age42.6
Common questions
Magoffin County questions, answered from the record.
How many people live in Magoffin County, Kentucky?
11,348, in 4,734 households, ranking 93rd of 120 Kentucky counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Magoffin County growing?
The population has fallen 4.48 percent since the 2020 census base. In 2024 there were 131 births against 201 deaths, with net migration of -15. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Magoffin County?
$33,080. The median owner-occupied home is valued at $89,000, which is 2.7 times income, and median gross rent is $730 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Magoffin County?
156 establishments, employing 1,257 people with an annual payroll of $46.1 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 Magoffin County?
Average annual pay is $39,288, or $756 a week, across 1,936 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Magoffin County?
3 7(a) approvals totalling $510,000 since FY2020, across 2 lenders, with a median approval of $30,000. These are approvals recorded in the release, not loans disbursed.
What is the radon zone for Magoffin 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 Magoffin County come from?
The largest single origin is Magoffin County Non-migrants, with 3,329 households. Arriving households report an average income of $36,805 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 Magoffin 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 Magoffin 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.