Baltimore County, Maryland: commercial real estate data.
Baltimore County, Maryland has a population of 850,796 across 598 square miles, down 0.3 percent since the 2020 census base. County output reached $73.11 bn in 2024, 20,340 establishments operate here, and the SBA record carries 973 7(a) approvals worth $360.8 m.
123 sourced county values · tier FULL · 11 sections
Baltimore County
How many people live in Baltimore County
- Population850,796
- Households332,801
- Average household size2.56
- Median household income$91,768
- Median age39.7
- Median gross rent$1,627 per month
- Median owner-occupied home value$349,300
- Home value to household income3.8 times
- Annual rent as a share of median income21.3 percent
- Adults 25 and over with a bachelor degree or higher42.3 percent
- Adults 25 and over with a graduate degree19.1 percent
- Adults 25 and over589,409
- Population under 18185,984
- Share under 1821.9 percent
- Population 65 and over154,369
- Share 65 and over18.1 percent
- Working age population, 18 to 64510,443
- Civilian labor force450,938
- Unemployment rate4.9 percent
- Labor force participation, adults 18 and over67.8 percent
- Rank by population among Maryland counties3rd of 24
- Rank by population among US county-equivalents72nd
Baltimore County is the 3rd largest of 24 Maryland counties by population. A median home costs 3.8 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 21.9 percent against 18.1 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Baltimore County
Is Baltimore County growing
- Population change since the 2020 census base-0.25 percent
- Census 2020 base population854,524
- Births, 20249,082
- Deaths, 20248,731
- Natural change, 2024351
- Net domestic migration, 2024-2,881
- Net international migration, 20246,257
- Total net migration, 20243,376
- Cumulative net domestic migration, 2021 to 2024-19,943
- Rank by growth among US county-equivalents1941st
The county has lost 0.25 percent of its population 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.
Baltimore County
Where people moving to Baltimore County come from
- Tax returns filed by households arriving21,828
- People arriving, from those returns36,881
- Adjusted gross income arriving$1.56 bn
- Net adjusted gross income movement$0
- Average income of an arriving household$71,583
- Largest single originBaltimore County Non-migrants (323,546 households)
- Largest single destination (323,546 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Baltimore County Non-migrants | 323,546 | 624,195 | $35.13 bn |
| Baltimore city | 7,895 | 14,449 | $571.4 m |
| Other flows - Different State | 2,877 | 4,571 | $199.0 m |
| Anne Arundel County | 1,621 | 2,701 | $104.7 m |
| Harford County | 1,463 | 2,353 | $91.6 m |
| Howard County | 1,396 | 2,310 | $115.0 m |
| Other flows - South | 1,355 | 2,221 | $83.3 m |
| Prince George's County | 841 | 1,381 | $44.4 m |
The largest single source of arrivals is Baltimore 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.
Baltimore County
What the Baltimore County economy runs on
- County GDP, 2024$73.11 bn
- County GDP, 2023$68.90 bn
- GDP change, 2023 to 20246.1 percent
- GDP change over five years31.6 percent
- Rank by GDP among Maryland counties2nd
- Rank by GDP among US county-equivalents76th
- GDP per resident$85,935
Output grew 6.1 percent in the latest year and 31.6 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.
Baltimore County
Who employs people in Baltimore County
- Covered employment, annual average374,470
- Establishments reporting23,271
- Average annual pay$71,051
- Average weekly wage$1,366
- Sector 62, employment68,918
- Sector 62, average annual pay$61,226
- Sector 44-45, employment42,228
- Sector 44-45, average annual pay$41,919
- Sector 72, employment27,824
- Sector 72, average annual pay$28,387
- Sector 54, employment26,518
- Sector 54, average annual pay$110,423
- Sector 56, employment25,237
- Sector 23, employment24,489
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 62 | 68,918 | 3,400 | $61,226 |
| Sector 44-45 | 42,228 | 2,461 | $41,919 |
| Sector 72 | 27,824 | 1,724 | $28,387 |
| Sector 54 | 26,518 | 3,520 | $110,423 |
| Sector 56 | 25,237 | 1,482 | $54,460 |
| Sector 23 | 24,489 | 2,006 | $83,022 |
| Sector 52 | 17,596 | 1,407 | $131,700 |
| Sector 48-49 | 17,403 | 629 | $53,304 |
The largest sector is the biggest private employer group at 68,918 jobs, 18.4 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.
Baltimore County
What businesses operate in Baltimore County
- Establishments, all industries20,340
- Employment at those establishments340,854
- Annual payroll$22.25 bn
- Establishments per 1,000 residents23.9
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.
Baltimore County
What is being built in Baltimore County
- Housing units authorised by permit, 20241,511
- Declared construction value permitted$416.5 m
- Single family units authorised866
- Multifamily units authorised645
- Multifamily share of units42.7 percent
- Average declared value per unit$275,661
- Units authorised per 1,000 households4.5
Multifamily is 42.7 percent of units authorised, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Baltimore County
How much SBA lending happens in Baltimore County
- 7(a) approvals recorded973
- 7(a) gross approval dollars$360.8 m
- Average 7(a) approval$370,761
- Median 7(a) approval$100,000
- 10th percentile approval$20,000
- 90th percentile approval$1,046,700
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)10,538
- Jobs per approval10.8
- Distinct 7(a) lenders active93
- Distinct industries receiving approvals239
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer7.1 percent
- Loans on real estate terms69
- Loans on working capital terms, 120 months or shorter856
- Franchise loans119
- Franchise share of approvals12.2 percent
- Leading industry by approval countLimited-Service Restaurants (37)
- Most active lenderManufacturers and Traders Trust Company (464)
- 504 approvals recorded75
- 504 gross approval dollars$94.4 m
- Average 504 approval$1,258,853
- Median 504 approval$886,000
- Distinct CDCs active4
- 504 jobs per approval18.6
- 504 jobs per million dollars approved14.8
- Most active CDCBusiness Finance Group, Inc. (55)
- 7(a) share of SBA approvals92.8 percent
- Combined SBA approval dollars$455.2 m
The average approval of $370,761 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 7.1 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.
Baltimore County
Do SBA loans in Baltimore County get paid back
- Loans with a final outcome recorded176
- Paid in full151
- Charged off25
- Charge off rate on resolved loans14.2 percent
- Status: Paid in full151
- Status: Exempt from disclosure596
- Status: Cancelled116
- Status: Charged off25
- Status: Committed, not yet disbursed85
Of the 176 loans that have reached a final outcome, 14.2 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.
Baltimore County
Which parts of Baltimore County get the lending
- Places in the county with recorded lending49
- Baltimore, approvals104
- Owings Mills, approvals87
- TOWSON, approvals69
- Nottingham, approvals56
- Pikesville, approvals52
- CATONSVILLE, approvals50
| Place | Approvals | Gross approval dollars |
|---|---|---|
| Baltimore | 104 | $47,650,400 |
| Owings Mills | 87 | $35,342,000 |
| TOWSON | 69 | $25,333,800 |
| Nottingham | 56 | $19,576,600 |
| Pikesville | 52 | $16,420,000 |
| CATONSVILLE | 50 | $18,529,500 |
| PARKVILLE | 49 | $11,076,700 |
| Lutherville Timonium | 40 | $12,431,100 |
Baltimore accounts for 104 approvals against 87 in Owings Mills. 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.
Baltimore County
How big is Baltimore County
- Land area598 sq mi
- Rank by land area among Maryland counties3rd of 24
- Width, east to west29.9 mi
- Height, north to south36.3 mi
- Geographies sharing a boundary5
- Residents per square mile of land1,423
- Establishments per square mile34.01
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 Baltimore 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 Baltimore County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population850,796
- Households332,801
- Average household size2.56
- Median household income$91,768
- Median age39.7
Common questions
Baltimore County questions, answered from the record.
How many people live in Baltimore County, Maryland?
850,796, in 332,801 households, ranking 3rd of 24 Maryland counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Baltimore County growing?
The population has fallen 0.25 percent since the 2020 census base. In 2024 there were 9,082 births against 8,731 deaths, with net migration of 3,376. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Baltimore County?
$91,768. The median owner-occupied home is valued at $349,300, which is 3.8 times income, and median gross rent is $1,627 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Baltimore County?
20,340 establishments, employing 340,854 people with an annual payroll of $22.25 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 Baltimore County?
Average annual pay is $71,051, or $1,366 a week, across 374,470 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Baltimore County?
973 7(a) approvals totalling $360.8 m since FY2020, across 93 lenders, with a median approval of $100,000, plus 75 504 approvals worth $94.4 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Baltimore County get paid back?
Of the 176 loans that have reached a final outcome, 151 were paid in full and 25 charged off, a charge off rate of 14.2 percent. Loans still running are excluded, because they have not yet succeeded or failed.
What is being built in Baltimore County?
1,511 housing units were authorised by permit in 2024, with a declared construction value of $416.5 m. Multifamily was 42.7 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Baltimore 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 Baltimore County come from?
The largest single origin is Baltimore County Non-migrants, with 323,546 households. Arriving households report an average income of $71,583 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 Baltimore 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 Baltimore 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.