Woodford County, Kentucky: commercial real estate data.
Woodford County, Kentucky has a population of 27,279 across 189 square miles, up 3.2 percent since the 2020 census base. County output reached $1.64 bn in 2024, 618 establishments operate here, and the SBA record carries 45 7(a) approvals worth $8.8 m.
119 sourced county values · tier FULL · 11 sections
Woodford County
How many people live in Woodford County
- Population27,279
- Households10,814
- Average household size2.52
- Median household income$83,788
- Median age42.2
- Median gross rent$1,138 per month
- Median owner-occupied home value$299,700
- Home value to household income3.6 times
- Annual rent as a share of median income16.3 percent
- Adults 25 and over with a bachelor degree or higher40.7 percent
- Adults 25 and over with a graduate degree17.0 percent
- Adults 25 and over19,054
- Population under 185,929
- Share under 1821.7 percent
- Population 65 and over5,657
- Share 65 and over20.7 percent
- Working age population, 18 to 6415,693
- Civilian labor force14,107
- Unemployment rate2.5 percent
- Labor force participation, adults 18 and over66.1 percent
- Rank by population among Kentucky counties40th of 120
- Rank by population among US county-equivalents1568th
Woodford County is the 40th largest of 120 Kentucky counties by population. A median home costs 3.6 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 21.7 percent against 20.7 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Woodford County
Is Woodford County growing
- Population change since the 2020 census base3.17 percent
- Census 2020 base population26,875
- Births, 2024276
- Deaths, 2024276
- Natural change, 20240
- Net domestic migration, 2024-38
- Net international migration, 2024245
- Total net migration, 2024207
- Cumulative net domestic migration, 2021 to 2024437
- Rank by growth among US county-equivalents833rd
The county has grown 3.17 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.
Woodford County
Where people moving to Woodford County come from
- Tax returns filed by households arriving831
- People arriving, from those returns1,536
- Adjusted gross income arriving$61.7 m
- Net adjusted gross income movement$0
- Average income of an arriving household$74,249
- Largest single originWoodford County Non-migrants (10,093 households)
- Largest single destination (10,093 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Woodford County Non-migrants | 10,093 | 21,079 | $856.0 m |
| Fayette County | 275 | 503 | $18.5 m |
| Other flows - Different State | 220 | 394 | $23.9 m |
| Other flows - Same State | 135 | 258 | $7.8 m |
| Other flows - South | 92 | 161 | $9.6 m |
| Franklin County | 59 | 97 | $2.1 m |
| Other flows - Midwest | 57 | 102 | $2.4 m |
| Jessamine County | 49 | 118 | $3.6 m |
The largest single source of arrivals is Woodford 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.
Woodford County
What the Woodford County economy runs on
- County GDP, 2024$1.64 bn
- County GDP, 2023$1.53 bn
- GDP change, 2023 to 20247.3 percent
- GDP change over five years43.4 percent
- Rank by GDP among Kentucky counties32nd
- Rank by GDP among US county-equivalents1443rd
- GDP per resident$59,965
Output grew 7.3 percent in the latest year and 43.4 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.
Woodford County
Who employs people in Woodford County
- Covered employment, annual average9,977
- Establishments reporting1,083
- Average annual pay$52,784
- Average weekly wage$1,015
- Sector 31-33, employment1,461
- Sector 31-33, average annual pay$69,027
- Sector 72, employment1,033
- Sector 72, average annual pay$23,468
- Sector 42, employment755
- Sector 42, average annual pay$65,026
- Sector 44-45, employment730
- Sector 44-45, average annual pay$35,265
- Sector 54, employment461
- Sector 23, employment383
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 31-33 | 1,461 | 53 | $69,027 |
| Sector 72 | 1,033 | 51 | $23,468 |
| Sector 42 | 755 | 50 | $65,026 |
| Sector 44-45 | 730 | 84 | $35,265 |
| Sector 54 | 461 | 184 | $78,923 |
| Sector 23 | 383 | 84 | $64,947 |
| Sector 81 | 268 | 70 | $50,112 |
| Sector 52 | 166 | 49 | $70,545 |
The largest sector is the biggest private employer group at 1,461 jobs, 14.6 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.
Woodford County
What businesses operate in Woodford County
- Establishments, all industries618
- Employment at those establishments7,913
- Annual payroll$340.1 m
- Establishments per 1,000 residents22.7
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.
Woodford County
What is being built in Woodford County
- Housing units authorised by permit, 2024102
- Declared construction value permitted$39.6 m
- Single family units authorised92
- Multifamily units authorised10
- Multifamily share of units9.8 percent
- Average declared value per unit$388,602
- Units authorised per 1,000 households9.4
Multifamily is 9.8 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Woodford County
How much SBA lending happens in Woodford County
- 7(a) approvals recorded45
- 7(a) gross approval dollars$8.8 m
- Average 7(a) approval$195,613
- Median 7(a) approval$60,000
- 10th percentile approval$20,000
- 90th percentile approval$200,000
- Largest single approval$4,113,200
- Jobs reported supported, 7(a)232
- Jobs per approval5.2
- Distinct 7(a) lenders active11
- Distinct industries receiving approvals26
- Median 7(a) term120 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 shorter44
- Franchise loans0
- Franchise share of approvals0.0 percent
- Leading industry by approval countOffices of All Other Miscellaneous Health Practitioners (5)
- Most active lenderCommunity Trust Bank, Inc. (32)
- 504 approvals recorded5
- 504 gross approval dollars$2.3 m
- Average 504 approval$467,600
- Median 504 approval$292,000
- Distinct CDCs active3
- 504 jobs per approval1.4
- 504 jobs per million dollars approved3.0
- Most active CDCCapital Access Corporation - Kentucky (2)
- 7(a) share of SBA approvals90.0 percent
- Combined SBA approval dollars$11.1 m
The average approval of $195,613 sits well above the median of $60,000, 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. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Woodford County
Do SBA loans in Woodford County get paid back
- Loans with a final outcome recorded16
- Paid in full15
- Charged off1
- Charge off rate on resolved loans6.3 percent
- Status: Paid in full15
- Status: Cancelled6
- Status: Exempt from disclosure23
- Status: Charged off1
Of the 16 loans that have reached a final outcome, 6.3 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.
Woodford County
Which parts of Woodford County get the lending
- Places in the county with recorded lending3
- VERSAILLES, approvals41
- MIDWAY, approvals3
- FRANKFORT, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| VERSAILLES | 41 | $7,764,700 |
| MIDWAY | 3 | $1,027,900 |
| FRANKFORT | 1 | $10,000 |
VERSAILLES accounts for 41 approvals against 3 in MIDWAY. 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.
Woodford County
How big is Woodford County
- Land area189 sq mi
- Rank by land area among Kentucky counties106th of 120
- Width, east to west13.1 mi
- Height, north to south23 mi
- Geographies sharing a boundary6
- Residents per square mile of land144
- Establishments per square mile3.27
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 Woodford 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 Woodford County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population27,279
- Households10,814
- Average household size2.52
- Median household income$83,788
- Median age42.2
Common questions
Woodford County questions, answered from the record.
How many people live in Woodford County, Kentucky?
27,279, in 10,814 households, ranking 40th of 120 Kentucky counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Woodford County growing?
The population has grown 3.17 percent since the 2020 census base. In 2024 there were 276 births against 276 deaths, with net migration of 207. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Woodford County?
$83,788. The median owner-occupied home is valued at $299,700, which is 3.6 times income, and median gross rent is $1,138 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Woodford County?
618 establishments, employing 7,913 people with an annual payroll of $340.1 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 Woodford County?
Average annual pay is $52,784, or $1,015 a week, across 9,977 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Woodford County?
45 7(a) approvals totalling $8.8 m since FY2020, across 11 lenders, with a median approval of $60,000, plus 5 504 approvals worth $2.3 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Woodford County get paid back?
Of the 16 loans that have reached a final outcome, 15 were paid in full and 1 charged off, a charge off rate of 6.3 percent. Loans still running are excluded, because they have not yet succeeded or failed.
What is being built in Woodford County?
102 housing units were authorised by permit in 2024, with a declared construction value of $39.6 m. Multifamily was 9.8 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Woodford 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 Woodford County come from?
The largest single origin is Woodford County Non-migrants, with 10,093 households. Arriving households report an average income of $74,249 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 Woodford 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 Woodford 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.