Morgan County, Kentucky: commercial real estate data.
Morgan County, Kentucky has a population of 14,053 across 381 square miles, up 4.2 percent since the 2020 census base. County output reached $377.7 m in 2024, 160 establishments operate here, and the SBA record carries 3 7(a) approvals worth $165,000.
98 sourced county values · tier FULL · 10 sections
Morgan County
How many people live in Morgan County
- Population14,053
- Households4,882
- Average household size2.88
- Median household income$47,913
- Median age41.9
- Median gross rent$663 per month
- Median owner-occupied home value$118,200
- Home value to household income2.5 times
- Annual rent as a share of median income16.6 percent
- Adults 25 and over with a bachelor degree or higher18.7 percent
- Adults 25 and over with a graduate degree9.0 percent
- Adults 25 and over10,321
- Population under 182,824
- Share under 1820.1 percent
- Population 65 and over2,484
- Share 65 and over17.7 percent
- Working age population, 18 to 648,745
- Civilian labor force4,757
- Unemployment rate3.1 percent
- Labor force participation, adults 18 and over42.4 percent
- Rank by population among Kentucky counties77th of 120
- Rank by population among US county-equivalents2219th
Morgan County is the 77th 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 20.1 percent against 17.7 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Morgan County
Is Morgan County growing
- Population change since the 2020 census base4.19 percent
- Census 2020 base population13,725
- Births, 2024138
- Deaths, 2024171
- Natural change, 2024-33
- Net domestic migration, 2024-175
- Net international migration, 2024122
- Total net migration, 2024-53
- Cumulative net domestic migration, 2021 to 2024431
- Rank by growth among US county-equivalents656th
The county has grown 4.19 percent since the 2020 census base.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Morgan County
Where people moving to Morgan County come from
- Tax returns filed by households arriving238
- People arriving, from those returns457
- Adjusted gross income arriving$7.6 m
- Net adjusted gross income movement$0
- Average income of an arriving household$32,067
- Largest single originMorgan County Non-migrants (3,607 households)
- Largest single destination (3,607 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Morgan County Non-migrants | 3,607 | 8,131 | $185.0 m |
| Other flows - Same State | 154 | 281 | $4.0 m |
| Other flows - Different State | 55 | 110 | $2.5 m |
| Rowan County | 29 | 66 | $1.1 m |
| Other flows - Midwest | 28 | 49 | $1.5 m |
| Other flows - South | 27 | 61 | $999,000 |
The largest single source of arrivals is Morgan 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.
Morgan County
What the Morgan County economy runs on
- County GDP, 2024$377.7 m
- County GDP, 2023$349.7 m
- GDP change, 2023 to 20248.0 percent
- GDP change over five years40.1 percent
- Rank by GDP among Kentucky counties88th
- Rank by GDP among US county-equivalents2582nd
- GDP per resident$26,875
Output grew 8.0 percent in the latest year and 40.1 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.
Morgan County
Who employs people in Morgan County
- Covered employment, annual average3,293
- Establishments reporting286
- Average annual pay$47,329
- Average weekly wage$910
- Sector 42, employment258
- Sector 42, average annual pay$43,652
- Sector 44-45, employment208
- Sector 44-45, average annual pay$32,702
- Sector 54, employment96
- Sector 54, average annual pay$37,019
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 42 | 258 | 6 | $43,652 |
| Sector 44-45 | 208 | 38 | $32,702 |
| Sector 54 | 96 | 18 | $37,019 |
The largest sector is the biggest private employer group at 258 jobs, 7.8 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.
Morgan County
What businesses operate in Morgan County
- Establishments, all industries160
- Employment at those establishments2,010
- Annual payroll$83.2 m
- Establishments per 1,000 residents11.4
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.
Morgan County
What is being built in Morgan County
- Housing units authorised by permit, 20241
- Declared construction value permitted$100,000
- Single family units authorised1
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$100,000
- Units authorised per 1,000 households0.2
Multifamily is 0.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Morgan County
How much SBA lending happens in Morgan County
- 7(a) approvals recorded3
- 7(a) gross approval dollars$165,000
- Average 7(a) approval$55,000
- Median 7(a) approval$45,000
- 10th percentile approval$30,000
- 90th percentile approval$90,000
- Largest single approval$90,000
- Jobs reported supported, 7(a)6
- Jobs per approval2.0
- Distinct 7(a) lenders active2
- Distinct industries receiving approvals2
- Median 7(a) term84 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 countPlumbing, Heating, and Air-Conditioning Contractors (2)
- Most active lenderU.S. Bank, National Association (2)
The average approval of $55,000 sits close to the median of $45,000, so lending here is fairly evenly sized rather than driven by a few large deals. 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.
Morgan County
Do SBA loans in Morgan County get paid back
- Loans with a final outcome recorded2
- Paid in full2
- Charged off0
- Status: Paid in full2
- Status: Exempt from disclosure1
Too few loans have reached a final outcome to publish a charge off rate. only 2 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.
Morgan County
How big is Morgan County
- Land area381 sq mi
- Rank by land area among Kentucky counties37th of 120
- Width, east to west27.6 mi
- Height, north to south27.8 mi
- Geographies sharing a boundary7
- Residents per square mile of land37
- Establishments per square mile0.42
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 Morgan 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 Morgan County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population14,053
- Households4,882
- Average household size2.88
- Median household income$47,913
- Median age41.9
Common questions
Morgan County questions, answered from the record.
How many people live in Morgan County, Kentucky?
14,053, in 4,882 households, ranking 77th of 120 Kentucky counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Morgan County growing?
The population has grown 4.19 percent since the 2020 census base. In 2024 there were 138 births against 171 deaths, with net migration of -53. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Morgan County?
$47,913. The median owner-occupied home is valued at $118,200, which is 2.5 times income, and median gross rent is $663 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Morgan County?
160 establishments, employing 2,010 people with an annual payroll of $83.2 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 Morgan County?
Average annual pay is $47,329, or $910 a week, across 3,293 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Morgan County?
3 7(a) approvals totalling $165,000 since FY2020, across 2 lenders, with a median approval of $45,000. These are approvals recorded in the release, not loans disbursed.
What is being built in Morgan County?
1 housing units were authorised by permit in 2024, with a declared construction value of $100,000. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Morgan 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 Morgan County come from?
The largest single origin is Morgan County Non-migrants, with 3,607 households. Arriving households report an average income of $32,067 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 Morgan 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 Morgan 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.