Kennebec County, Maine: commercial real estate data.
Kennebec County, Maine has a population of 126,808 across 868 square miles, up 3.2 percent since the 2020 census base. County output reached $8.57 bn in 2024, 3,318 establishments operate here, and the SBA record carries 70 7(a) approvals worth $20.3 m.
122 sourced county values · tier FULL · 11 sections
Kennebec County
How many people live in Kennebec County
- Population126,808
- Households54,312
- Average household size2.33
- Median household income$69,077
- Median age43.7
- Median gross rent$992 per month
- Median owner-occupied home value$238,200
- Home value to household income3.4 times
- Annual rent as a share of median income17.2 percent
- Adults 25 and over with a bachelor degree or higher31.9 percent
- Adults 25 and over with a graduate degree12.2 percent
- Adults 25 and over91,526
- Population under 1823,739
- Share under 1818.7 percent
- Population 65 and over26,806
- Share 65 and over21.1 percent
- Working age population, 18 to 6476,263
- Civilian labor force63,304
- Unemployment rate3.9 percent
- Labor force participation, adults 18 and over61.4 percent
- Rank by population among Maine counties4th of 16
- Rank by population among US county-equivalents515th
Kennebec County is the 4th largest of 16 Maine counties by population. A median home costs 3.4 times median household income, which is an affordable ownership market by national standards. Residents 65 and over outnumber those under 18, at 21.1 percent against 18.7 percent, which points demand at health care, services and single storey product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Kennebec County
Is Kennebec County growing
- Population change since the 2020 census base3.17 percent
- Census 2020 base population124,513
- Births, 20241,077
- Deaths, 20241,551
- Natural change, 2024-474
- Net domestic migration, 2024631
- Net international migration, 2024368
- Total net migration, 2024999
- Cumulative net domestic migration, 2021 to 20244,706
- Rank by growth among US county-equivalents834th
The county has grown 3.17 percent 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.
Kennebec County
Where people moving to Kennebec County come from
- Tax returns filed by households arriving3,578
- People arriving, from those returns5,811
- Adjusted gross income arriving$208.8 m
- Net adjusted gross income movement$0
- Average income of an arriving household$58,367
- Largest single originKennebec County Non-migrants (51,285 households)
- Largest single destination (51,285 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Kennebec County Non-migrants | 51,285 | 95,955 | $3.89 bn |
| Other flows - Different State | 1,158 | 1,933 | $78.7 m |
| Other flows - South | 465 | 775 | $32.7 m |
| Cumberland County | 387 | 556 | $24.3 m |
| Somerset County | 379 | 635 | $17.6 m |
| Androscoggin County | 373 | 623 | $19.1 m |
| Other flows - Northeast | 371 | 597 | $26.5 m |
| Other flows - West | 206 | 364 | $12.1 m |
The largest single source of arrivals is Kennebec 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.
Kennebec County
What the Kennebec County economy runs on
- County GDP, 2024$8.57 bn
- County GDP, 2023$7.95 bn
- GDP change, 2023 to 20247.8 percent
- GDP change over five years36.1 percent
- Rank by GDP among Maine counties4th
- Rank by GDP among US county-equivalents500th
- GDP per resident$67,576
Output grew 7.8 percent in the latest year and 36.1 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.
Kennebec County
Who employs people in Kennebec County
- Covered employment, annual average62,487
- Establishments reporting4,431
- Average annual pay$60,846
- Average weekly wage$1,170
- Sector 62, employment10,536
- Sector 62, average annual pay$63,189
- Sector 44-45, employment8,548
- Sector 44-45, average annual pay$40,897
- Sector 72, employment4,740
- Sector 72, average annual pay$27,997
- Sector 31-33, employment2,935
- Sector 31-33, average annual pay$64,433
- Sector 23, employment2,851
- Sector 61, employment2,251
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 62 | 10,536 | 484 | $63,189 |
| Sector 44-45 | 8,548 | 527 | $40,897 |
| Sector 72 | 4,740 | 300 | $27,997 |
| Sector 31-33 | 2,935 | 103 | $64,433 |
| Sector 23 | 2,851 | 500 | $74,231 |
| Sector 61 | 2,251 | 58 | $61,720 |
| Sector 81 | 2,115 | 364 | $49,353 |
| Sector 42 | 1,970 | 160 | $74,985 |
The largest sector is the biggest private employer group at 10,536 jobs, 16.9 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.
Kennebec County
What businesses operate in Kennebec County
- Establishments, all industries3,318
- Employment at those establishments49,617
- Annual payroll$2.68 bn
- Establishments per 1,000 residents26.2
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.
Kennebec County
What is being built in Kennebec County
- Housing units authorised by permit, 2024480
- Declared construction value permitted$129.7 m
- Single family units authorised447
- Multifamily units authorised33
- Multifamily share of units6.9 percent
- Average declared value per unit$270,288
- Units authorised per 1,000 households8.8
Multifamily is 6.9 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Kennebec County
How much SBA lending happens in Kennebec County
- 7(a) approvals recorded70
- 7(a) gross approval dollars$20.3 m
- Average 7(a) approval$290,294
- Median 7(a) approval$100,000
- 10th percentile approval$25,000
- 90th percentile approval$665,000
- Largest single approval$2,500,000
- Jobs reported supported, 7(a)468
- Jobs per approval6.7
- Distinct 7(a) lenders active23
- Distinct industries receiving approvals47
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer15.7 percent
- Loans on real estate terms11
- Loans on working capital terms, 120 months or shorter58
- Franchise loans2
- Franchise share of approvals2.9 percent
- Leading industry by approval countLimited-Service Restaurants (4)
- Most active lenderTD Bank, National Association (18)
- 504 approvals recorded31
- 504 gross approval dollars$12.2 m
- Average 504 approval$392,871
- Median 504 approval$299,000
- Distinct CDCs active3
- 504 jobs per approval12.5
- 504 jobs per million dollars approved31.9
- Most active CDCGranite State Economic Development Corporation (26)
- 7(a) share of SBA approvals69.3 percent
- Combined SBA approval dollars$32.5 m
The average approval of $290,294 sits well above the median of $100,000, 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 15.7 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.
Kennebec County
Do SBA loans in Kennebec County get paid back
- Loans with a final outcome recorded9
- Paid in full8
- Charged off1
- Status: Exempt from disclosure50
- Status: Charged off1
- Status: Paid in full8
- Status: Cancelled9
- Status: Committed, not yet disbursed2
Too few loans have reached a final outcome to publish a charge off rate. only 9 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.
Kennebec County
Which parts of Kennebec County get the lending
- Places in the county with recorded lending22
- AUGUSTA, approvals15
- Waterville, approvals14
- Oakland, approvals9
- MANCHESTER, approvals4
- CHELSEA, approvals4
- SOUTH CHINA, approvals3
| Place | Approvals | Gross approval dollars |
|---|---|---|
| AUGUSTA | 15 | $6,547,800 |
| Waterville | 14 | $4,580,000 |
| Oakland | 9 | $2,663,000 |
| MANCHESTER | 4 | $840,000 |
| CHELSEA | 4 | $820,000 |
| SOUTH CHINA | 3 | $225,000 |
| VIENNA | 2 | $220,800 |
| WAYNE | 2 | $65,000 |
AUGUSTA accounts for 15 approvals against 14 in Waterville. 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.
Kennebec County
How big is Kennebec County
- Land area868 sq mi
- Rank by land area among Maine counties10th of 16
- Width, east to west36.4 mi
- Height, north to south40.8 mi
- Geographies sharing a boundary7
- Residents per square mile of land146
- Establishments per square mile3.82
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 Kennebec 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 Kennebec County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population126,808
- Households54,312
- Average household size2.33
- Median household income$69,077
- Median age43.7
Common questions
Kennebec County questions, answered from the record.
How many people live in Kennebec County, Maine?
126,808, in 54,312 households, ranking 4th of 16 Maine counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Kennebec County growing?
The population has grown 3.17 percent since the 2020 census base. In 2024 there were 1,077 births against 1,551 deaths, with net migration of 999. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Kennebec County?
$69,077. The median owner-occupied home is valued at $238,200, which is 3.4 times income, and median gross rent is $992 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Kennebec County?
3,318 establishments, employing 49,617 people with an annual payroll of $2.68 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 Kennebec County?
Average annual pay is $60,846, or $1,170 a week, across 62,487 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Kennebec County?
70 7(a) approvals totalling $20.3 m since FY2020, across 23 lenders, with a median approval of $100,000, plus 31 504 approvals worth $12.2 m. These are approvals recorded in the release, not loans disbursed.
What is being built in Kennebec County?
480 housing units were authorised by permit in 2024, with a declared construction value of $129.7 m. Multifamily was 6.9 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Kennebec 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 Kennebec County come from?
The largest single origin is Kennebec County Non-migrants, with 51,285 households. Arriving households report an average income of $58,367 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 Kennebec 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 Kennebec 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.