Calvert County, Maryland: commercial real estate data.
Calvert County, Maryland has a population of 94,313 across 213 square miles, up 2.3 percent since the 2020 census base. County output reached $6.25 bn in 2024, 1,725 establishments operate here, and the SBA record carries 86 7(a) approvals worth $36.5 m.
123 sourced county values · tier FULL · 11 sections
Calvert County
How many people live in Calvert County
- Population94,313
- Households33,465
- Average household size2.82
- Median household income$133,922
- Median age40.8
- Median gross rent$1,759 per month
- Median owner-occupied home value$460,200
- Home value to household income3.4 times
- Annual rent as a share of median income15.8 percent
- Adults 25 and over with a bachelor degree or higher37.0 percent
- Adults 25 and over with a graduate degree16.6 percent
- Adults 25 and over65,208
- Population under 1821,796
- Share under 1823.1 percent
- Population 65 and over15,402
- Share 65 and over16.3 percent
- Working age population, 18 to 6457,115
- Civilian labor force48,995
- Unemployment rate2.7 percent
- Labor force participation, adults 18 and over67.6 percent
- Rank by population among Maryland counties15th of 24
- Rank by population among US county-equivalents651st
Calvert County is the 15th largest of 24 Maryland counties by population. A median home costs 3.4 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 23.1 percent against 16.3 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Calvert County
Is Calvert County growing
- Population change since the 2020 census base2.29 percent
- Census 2020 base population92,786
- Births, 2024935
- Deaths, 2024817
- Natural change, 2024118
- Net domestic migration, 2024-156
- Net international migration, 2024122
- Total net migration, 2024-34
- Cumulative net domestic migration, 2021 to 20241,206
- Rank by growth among US county-equivalents1076th
The county has grown 2.29 percent since the 2020 census base. Births exceeded deaths in 2024 but more people left than arrived, so the population is being sustained internally rather than attracting.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Calvert County
Where people moving to Calvert County come from
- Tax returns filed by households arriving2,652
- People arriving, from those returns5,197
- Adjusted gross income arriving$229.5 m
- Net adjusted gross income movement$0
- Average income of an arriving household$86,523
- Largest single originCalvert County Non-migrants (36,250 households)
- Largest single destination (36,250 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Calvert County Non-migrants | 36,250 | 75,740 | $4.03 bn |
| Other flows - Different State | 869 | 1,809 | $70.8 m |
| Other flows - South | 455 | 947 | $34.9 m |
| Anne Arundel County | 394 | 732 | $33.9 m |
| Prince George's County | 360 | 741 | $29.2 m |
| St. Mary's County | 333 | 586 | $23.6 m |
| Charles County | 218 | 461 | $21.1 m |
| Other flows - West | 179 | 399 | $14.8 m |
The largest single source of arrivals is Calvert 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.
Calvert County
What the Calvert County economy runs on
- County GDP, 2024$6.25 bn
- County GDP, 2023$6.07 bn
- GDP change, 2023 to 20242.9 percent
- GDP change over five years29.4 percent
- Rank by GDP among Maryland counties15th
- Rank by GDP among US county-equivalents630th
- GDP per resident$66,253
Output grew 2.9 percent in the latest year and 29.4 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.
Calvert County
Who employs people in Calvert County
- Covered employment, annual average22,676
- Establishments reporting2,022
- Average annual pay$61,154
- Average weekly wage$1,176
- Sector 44-45, employment3,340
- Sector 44-45, average annual pay$36,795
- Sector 62, employment3,312
- Sector 62, average annual pay$61,795
- Sector 72, employment2,955
- Sector 72, average annual pay$25,225
- Sector 23, employment1,888
- Sector 23, average annual pay$78,482
- Sector 22, employment1,147
- Sector 81, employment1,013
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 44-45 | 3,340 | 205 | $36,795 |
| Sector 62 | 3,312 | 221 | $61,795 |
| Sector 72 | 2,955 | 160 | $25,225 |
| Sector 23 | 1,888 | 302 | $78,482 |
| Sector 22 | 1,147 | 14 | $164,336 |
| Sector 81 | 1,013 | 209 | $42,110 |
| Sector 54 | 943 | 279 | $80,010 |
| Sector 52 | 337 | 85 | $101,618 |
The largest sector is the biggest private employer group at 3,340 jobs, 14.7 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.
Calvert County
What businesses operate in Calvert County
- Establishments, all industries1,725
- Employment at those establishments19,204
- Annual payroll$1.00 bn
- Establishments per 1,000 residents18.3
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.
Calvert County
What is being built in Calvert County
- Housing units authorised by permit, 2024101
- Declared construction value permitted$28.8 m
- Single family units authorised98
- Multifamily units authorised3
- Multifamily share of units3.0 percent
- Average declared value per unit$285,094
- Units authorised per 1,000 households3.0
Multifamily is 3.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Calvert County
How much SBA lending happens in Calvert County
- 7(a) approvals recorded86
- 7(a) gross approval dollars$36.5 m
- Average 7(a) approval$423,880
- Median 7(a) approval$100,000
- 10th percentile approval$25,000
- 90th percentile approval$1,040,000
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)1,018
- Jobs per approval11.8
- Distinct 7(a) lenders active27
- Distinct industries receiving approvals49
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer8.1 percent
- Loans on real estate terms7
- Loans on working capital terms, 120 months or shorter74
- Franchise loans7
- Franchise share of approvals8.1 percent
- Leading industry by approval countElectrical Contractors and Other Wiring Installation Contractors (7)
- Most active lenderManufacturers and Traders Trust Company (35)
- 504 approvals recorded13
- 504 gross approval dollars$12.8 m
- Average 504 approval$984,385
- Median 504 approval$847,000
- Distinct CDCs active4
- 504 jobs per approval7.9
- 504 jobs per million dollars approved8.0
- Most active CDCBusiness Finance Group, Inc. (9)
- 7(a) share of SBA approvals86.9 percent
- Combined SBA approval dollars$49.3 m
The average approval of $423,880 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 8.1 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.
Calvert County
Do SBA loans in Calvert County get paid back
- Loans with a final outcome recorded16
- Paid in full14
- Charged off2
- Charge off rate on resolved loans12.5 percent
- Status: Paid in full14
- Status: Cancelled13
- Status: Exempt from disclosure52
- Status: Charged off2
- Status: Committed, not yet disbursed5
Of the 16 loans that have reached a final outcome, 12.5 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.
Calvert County
Which parts of Calvert County get the lending
- Places in the county with recorded lending10
- Prince Frederick, approvals22
- Dunkirk, approvals17
- Huntingtown, approvals15
- Owings, approvals10
- LUSBY, approvals8
- North Beach, approvals5
| Place | Approvals | Gross approval dollars |
|---|---|---|
| Prince Frederick | 22 | $6,657,500 |
| Dunkirk | 17 | $7,197,000 |
| Huntingtown | 15 | $4,070,400 |
| Owings | 10 | $3,964,600 |
| LUSBY | 8 | $6,070,000 |
| North Beach | 5 | $761,500 |
| SOLOMONS | 3 | $5,365,000 |
| SAINT LEONARD | 2 | $1,835,000 |
Prince Frederick accounts for 22 approvals against 17 in Dunkirk. 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.
Calvert County
How big is Calvert County
- Land area213 sq mi
- Rank by land area among Maryland counties23rd of 24
- Width, east to west17.1 mi
- Height, north to south31.9 mi
- Geographies sharing a boundary4
- Residents per square mile of land443
- Establishments per square mile8.10
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 Calvert 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 Calvert County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population94,313
- Households33,465
- Average household size2.82
- Median household income$133,922
- Median age40.8
Common questions
Calvert County questions, answered from the record.
How many people live in Calvert County, Maryland?
94,313, in 33,465 households, ranking 15th of 24 Maryland counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Calvert County growing?
The population has grown 2.29 percent since the 2020 census base. In 2024 there were 935 births against 817 deaths, with net migration of -34. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Calvert County?
$133,922. The median owner-occupied home is valued at $460,200, which is 3.4 times income, and median gross rent is $1,759 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Calvert County?
1,725 establishments, employing 19,204 people with an annual payroll of $1.00 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 Calvert County?
Average annual pay is $61,154, or $1,176 a week, across 22,676 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Calvert County?
86 7(a) approvals totalling $36.5 m since FY2020, across 27 lenders, with a median approval of $100,000, plus 13 504 approvals worth $12.8 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Calvert County get paid back?
Of the 16 loans that have reached a final outcome, 14 were paid in full and 2 charged off, a charge off rate of 12.5 percent. Loans still running are excluded, because they have not yet succeeded or failed.
What is being built in Calvert County?
101 housing units were authorised by permit in 2024, with a declared construction value of $28.8 m. Multifamily was 3.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Calvert 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 Calvert County come from?
The largest single origin is Calvert County Non-migrants, with 36,250 households. Arriving households report an average income of $86,523 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 Calvert 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 Calvert 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.