Warren County, Kentucky: commercial real estate data.
Warren County, Kentucky has a population of 140,918 across 542 square miles, up 9.9 percent since the 2020 census base. County output reached $11.13 bn in 2024, 3,076 establishments operate here, and the SBA record carries 103 7(a) approvals worth $40.0 m.
121 sourced county values · tier FULL · 11 sections
Warren County
How many people live in Warren County
- Population140,918
- Households55,643
- Average household size2.53
- Median household income$65,794
- Median age33.3
- Median gross rent$1,002 per month
- Median owner-occupied home value$258,000
- Home value to household income3.9 times
- Annual rent as a share of median income18.3 percent
- Adults 25 and over with a bachelor degree or higher32.3 percent
- Adults 25 and over with a graduate degree12.6 percent
- Adults 25 and over86,583
- Population under 1833,379
- Share under 1823.7 percent
- Population 65 and over18,620
- Share 65 and over13.2 percent
- Working age population, 18 to 6488,919
- Civilian labor force73,294
- Unemployment rate4.4 percent
- Labor force participation, adults 18 and over68.2 percent
- Rank by population among Kentucky counties4th of 120
- Rank by population among US county-equivalents476th
Warren County is the 4th largest of 120 Kentucky counties by population. A median home costs 3.9 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 23.7 percent against 13.2 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Warren County
Is Warren County growing
- Population change since the 2020 census base9.94 percent
- Census 2020 base population134,561
- Births, 20241,944
- Deaths, 20241,224
- Natural change, 2024720
- Net domestic migration, 20241,093
- Net international migration, 20242,190
- Total net migration, 20243,283
- Cumulative net domestic migration, 2021 to 20245,432
- Rank by growth among US county-equivalents149th
The county has grown 9.94 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.
Warren County
Where people moving to Warren County come from
- Tax returns filed by households arriving3,709
- People arriving, from those returns6,627
- Adjusted gross income arriving$184.8 m
- Net adjusted gross income movement$0
- Average income of an arriving household$49,825
- Largest single originWarren County Non-migrants (46,192 households)
- Largest single destination (46,192 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Warren County Non-migrants | 46,192 | 97,276 | $3.65 bn |
| Other flows - Different State | 1,499 | 2,824 | $87.6 m |
| Other flows - South | 695 | 1,320 | $39.4 m |
| Other flows - Midwest | 441 | 797 | $23.1 m |
| Other flows - Same State | 363 | 571 | $14.8 m |
| Other flows - West | 264 | 534 | $18.5 m |
| Barren County | 204 | 345 | $7.7 m |
| Simpson County | 170 | 318 | $6.5 m |
The largest single source of arrivals is Warren 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.
Warren County
What the Warren County economy runs on
- County GDP, 2024$11.13 bn
- County GDP, 2023$10.30 bn
- GDP change, 2023 to 20248.0 percent
- GDP change over five years50.6 percent
- Rank by GDP among Kentucky counties5th
- Rank by GDP among US county-equivalents406th
- GDP per resident$78,989
Output grew 8.0 percent in the latest year and 50.6 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.
Warren County
Who employs people in Warren County
- Covered employment, annual average70,761
- Establishments reporting5,308
- Average annual pay$55,488
- Average weekly wage$1,067
- Sector 31-33, employment12,281
- Sector 31-33, average annual pay$74,797
- Sector 62, employment10,398
- Sector 62, average annual pay$55,296
- Sector 44-45, employment8,494
- Sector 44-45, average annual pay$36,534
- Sector 72, employment7,582
- Sector 72, average annual pay$23,326
- Sector 23, employment3,643
- Sector 56, employment3,604
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 31-33 | 12,281 | 221 | $74,797 |
| Sector 62 | 10,398 | 1,066 | $55,296 |
| Sector 44-45 | 8,494 | 603 | $36,534 |
| Sector 72 | 7,582 | 351 | $23,326 |
| Sector 23 | 3,643 | 390 | $70,053 |
| Sector 56 | 3,604 | 316 | $40,452 |
| Sector 54 | 2,409 | 652 | $68,320 |
| Sector 55 | 2,051 | 39 | $103,188 |
The largest sector is the biggest private employer group at 12,281 jobs, 17.4 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.
Warren County
What businesses operate in Warren County
- Establishments, all industries3,076
- Employment at those establishments59,803
- Annual payroll$3.06 bn
- Establishments per 1,000 residents21.8
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.
Warren County
What is being built in Warren County
- Housing units authorised by permit, 20242,286
- Declared construction value permitted$405.7 m
- Single family units authorised791
- Multifamily units authorised1,495
- Multifamily share of units65.4 percent
- Average declared value per unit$177,484
- Units authorised per 1,000 households41.1
Multifamily is 65.4 percent of units authorised, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Warren County
How much SBA lending happens in Warren County
- 7(a) approvals recorded103
- 7(a) gross approval dollars$40.0 m
- Average 7(a) approval$388,253
- Median 7(a) approval$150,000
- 10th percentile approval$20,000
- 90th percentile approval$1,000,000
- Largest single approval$4,250,000
- Jobs reported supported, 7(a)961
- Jobs per approval9.3
- Distinct 7(a) lenders active28
- Distinct industries receiving approvals64
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer12.6 percent
- Loans on real estate terms13
- Loans on working capital terms, 120 months or shorter87
- Franchise loans14
- Franchise share of approvals13.6 percent
- Leading industry by approval countFitness and Recreational Sports Centers (8)
- Most active lenderFirst Financial Bank, National Association (14)
- 504 approvals recorded11
- 504 gross approval dollars$10.2 m
- Average 504 approval$931,091
- Median 504 approval$769,000
- Distinct CDCs active2
- 504 jobs per approval16.4
- 504 jobs per million dollars approved17.6
- Most active CDCCapital Access Corporation - Kentucky (7)
- 7(a) share of SBA approvals90.4 percent
- Combined SBA approval dollars$50.2 m
The average approval of $388,253 sits well above the median of $150,000, 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 12.6 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. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Warren County
Do SBA loans in Warren County get paid back
- Loans with a final outcome recorded21
- Paid in full20
- Charged off1
- Charge off rate on resolved loans4.8 percent
- Status: Paid in full20
- Status: Cancelled18
- Status: Exempt from disclosure59
- Status: Charged off1
- Status: Committed, not yet disbursed5
Of the 21 loans that have reached a final outcome, 4.8 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Warren County
Which parts of Warren County get the lending
- Places in the county with recorded lending4
- BOWLING GREEN, approvals96
- Smiths Grove, approvals4
- ROCKFIELD, approvals2
- ALVATON, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| BOWLING GREEN | 96 | $38,723,400 |
| Smiths Grove | 4 | $1,164,700 |
| ROCKFIELD | 2 | $85,000 |
| ALVATON | 1 | $17,000 |
BOWLING GREEN accounts for 96 approvals against 4 in Smiths Grove. 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.
Warren County
How big is Warren County
- Land area542 sq mi
- Rank by land area among Kentucky counties10th of 120
- Width, east to west31 mi
- Height, north to south28.2 mi
- Geographies sharing a boundary6
- Residents per square mile of land260
- Establishments per square mile5.68
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 Warren 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 Warren County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population140,918
- Households55,643
- Average household size2.53
- Median household income$65,794
- Median age33.3
Common questions
Warren County questions, answered from the record.
How many people live in Warren County, Kentucky?
140,918, in 55,643 households, ranking 4th of 120 Kentucky counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Warren County growing?
The population has grown 9.94 percent since the 2020 census base. In 2024 there were 1,944 births against 1,224 deaths, with net migration of 3,283. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Warren County?
$65,794. The median owner-occupied home is valued at $258,000, which is 3.9 times income, and median gross rent is $1,002 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Warren County?
3,076 establishments, employing 59,803 people with an annual payroll of $3.06 bn. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Warren County?
Average annual pay is $55,488, or $1,067 a week, across 70,761 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Warren County?
103 7(a) approvals totalling $40.0 m since FY2020, across 28 lenders, with a median approval of $150,000, plus 11 504 approvals worth $10.2 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Warren County get paid back?
Of the 21 loans that have reached a final outcome, 20 were paid in full and 1 charged off, a charge off rate of 4.8 percent. Loans still running are excluded, because they have not yet succeeded or failed.
What is being built in Warren County?
2,286 housing units were authorised by permit in 2024, with a declared construction value of $405.7 m. Multifamily was 65.4 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Warren County?
Zone 1, a predicted average indoor radon screening level greater than 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 Warren County come from?
The largest single origin is Warren County Non-migrants, with 46,192 households. Arriving households report an average income of $49,825 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 Warren 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 Warren 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.