Talbot County, Maryland: commercial real estate data.
Talbot County, Maryland has a population of 37,917 across 269 square miles, up 1.9 percent since the 2020 census base. County output reached $2.79 bn in 2024, 1,468 establishments operate here, and the SBA record carries 44 7(a) approvals worth $22.9 m.
122 sourced county values · tier FULL · 11 sections
Talbot County
How many people live in Talbot County
- Population37,917
- Households16,433
- Average household size2.31
- Median household income$84,811
- Median age51.2
- Median gross rent$1,256 per month
- Median owner-occupied home value$409,700
- Home value to household income4.8 times
- Annual rent as a share of median income17.8 percent
- Adults 25 and over with a bachelor degree or higher42.0 percent
- Adults 25 and over with a graduate degree17.7 percent
- Adults 25 and over28,694
- Population under 187,045
- Share under 1818.6 percent
- Population 65 and over11,210
- Share 65 and over29.6 percent
- Working age population, 18 to 6419,662
- Civilian labor force17,935
- Unemployment rate4.3 percent
- Labor force participation, adults 18 and over58.1 percent
- Rank by population among Maryland counties19th of 24
- Rank by population among US county-equivalents1256th
Talbot County is the 19th largest of 24 Maryland counties by population. A median home costs 4.8 times median household income, which is an affordable ownership market by national standards. Residents 65 and over outnumber those under 18, at 29.6 percent against 18.6 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.
Talbot County
Is Talbot County growing
- Population change since the 2020 census base1.92 percent
- Census 2020 base population37,522
- Births, 2024342
- Deaths, 2024584
- Natural change, 2024-242
- Net domestic migration, 2024240
- Net international migration, 2024178
- Total net migration, 2024418
- Cumulative net domestic migration, 2021 to 20241,143
- Rank by growth among US county-equivalents1188th
The county has grown 1.92 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.
Talbot County
Where people moving to Talbot County come from
- Tax returns filed by households arriving1,140
- People arriving, from those returns1,952
- Adjusted gross income arriving$176.9 m
- Net adjusted gross income movement$0
- Average income of an arriving household$155,168
- Largest single originTalbot County Non-migrants (15,326 households)
- Largest single destination (15,326 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Talbot County Non-migrants | 15,326 | 29,092 | $2.11 bn |
| Other flows - Different State | 426 | 710 | $78.8 m |
| Other flows - South | 195 | 334 | $24.4 m |
| Other flows - Northeast | 136 | 216 | $35.7 m |
| Dorchester County | 110 | 229 | $4.2 m |
| Anne Arundel County | 88 | 143 | $11.0 m |
| Caroline County | 83 | 132 | $4.1 m |
| Other flows - Same State | 80 | 134 | $-602,000 |
The largest single source of arrivals is Talbot 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.
Talbot County
What the Talbot County economy runs on
- County GDP, 2024$2.79 bn
- County GDP, 2023$2.66 bn
- GDP change, 2023 to 20244.7 percent
- GDP change over five years37.2 percent
- Rank by GDP among Maryland counties19th
- Rank by GDP among US county-equivalents1027th
- GDP per resident$73,494
Output grew 4.7 percent in the latest year and 37.2 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.
Talbot County
Who employs people in Talbot County
- Covered employment, annual average18,220
- Establishments reporting1,596
- Average annual pay$56,684
- Average weekly wage$1,090
- Sector 62, employment3,545
- Sector 62, average annual pay$68,176
- Sector 44-45, employment2,632
- Sector 44-45, average annual pay$37,622
- Sector 72, employment2,320
- Sector 72, average annual pay$30,662
- Sector 54, employment1,181
- Sector 54, average annual pay$72,759
- Sector 23, employment1,167
- Sector 56, employment1,120
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 62 | 3,545 | 161 | $68,176 |
| Sector 44-45 | 2,632 | 202 | $37,622 |
| Sector 72 | 2,320 | 136 | $30,662 |
| Sector 54 | 1,181 | 183 | $72,759 |
| Sector 23 | 1,167 | 184 | $62,101 |
| Sector 56 | 1,120 | 101 | $50,056 |
| Sector 81 | 834 | 196 | $49,856 |
| Sector 71 | 600 | 39 | $40,480 |
The largest sector is the biggest private employer group at 3,545 jobs, 19.5 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.
Talbot County
What businesses operate in Talbot County
- Establishments, all industries1,468
- Employment at those establishments17,567
- Annual payroll$965.5 m
- Establishments per 1,000 residents38.7
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.
Talbot County
What is being built in Talbot County
- Housing units authorised by permit, 2024104
- Declared construction value permitted$54.1 m
- Single family units authorised104
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$520,060
- Units authorised per 1,000 households6.3
Multifamily is 0.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Talbot County
How much SBA lending happens in Talbot County
- 7(a) approvals recorded44
- 7(a) gross approval dollars$22.9 m
- Average 7(a) approval$521,307
- Median 7(a) approval$85,000
- 10th percentile approval$15,000
- 90th percentile approval$2,000,000
- Largest single approval$4,726,000
- Jobs reported supported, 7(a)362
- Jobs per approval8.2
- Distinct 7(a) lenders active11
- Distinct industries receiving approvals25
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer13.6 percent
- Loans on real estate terms6
- Loans on working capital terms, 120 months or shorter36
- Franchise loans6
- Franchise share of approvals13.6 percent
- Leading industry by approval countSupermarkets and Other Grocery Retailers (except Convenience Retailers) (3)
- Most active lenderManufacturers and Traders Trust Company (29)
- 504 approvals recorded7
- 504 gross approval dollars$5.9 m
- Average 504 approval$838,571
- Median 504 approval$606,000
- Distinct CDCs active3
- 504 jobs per approval6.4
- 504 jobs per million dollars approved7.7
- Most active CDCChesapeake Business Finance Corporation (3)
- 7(a) share of SBA approvals86.3 percent
- Combined SBA approval dollars$28.8 m
The average approval of $521,307 sits well above the median of $85,000, 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 13.6 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.
Talbot County
Do SBA loans in Talbot County get paid back
- Loans with a final outcome recorded4
- Paid in full2
- Charged off2
- Status: Exempt from disclosure31
- Status: Paid in full2
- Status: Cancelled4
- Status: Charged off2
- Status: Committed, not yet disbursed5
Too few loans have reached a final outcome to publish a charge off rate. only 4 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.
Talbot County
Which parts of Talbot County get the lending
- Places in the county with recorded lending6
- Easton, approvals28
- SAINT MICHAELS, approvals10
- MCDANIEL, approvals2
- ROYAL OAK, approvals2
- OXFORD, approvals1
- TRAPPE, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| Easton | 28 | $14,786,000 |
| SAINT MICHAELS | 10 | $5,352,500 |
| MCDANIEL | 2 | $70,000 |
| ROYAL OAK | 2 | $90,000 |
| OXFORD | 1 | $2,624,000 |
| TRAPPE | 1 | $15,000 |
Easton accounts for 28 approvals against 10 in SAINT MICHAELS. 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.
Talbot County
How big is Talbot County
- Land area269 sq mi
- Rank by land area among Maryland counties21st of 24
- Width, east to west24.3 mi
- Height, north to south25.6 mi
- Geographies sharing a boundary3
- Residents per square mile of land141
- Establishments per square mile5.46
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 Talbot 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 Talbot County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population37,917
- Households16,433
- Average household size2.31
- Median household income$84,811
- Median age51.2
Common questions
Talbot County questions, answered from the record.
How many people live in Talbot County, Maryland?
37,917, in 16,433 households, ranking 19th of 24 Maryland counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Talbot County growing?
The population has grown 1.92 percent since the 2020 census base. In 2024 there were 342 births against 584 deaths, with net migration of 418. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Talbot County?
$84,811. The median owner-occupied home is valued at $409,700, which is 4.8 times income, and median gross rent is $1,256 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Talbot County?
1,468 establishments, employing 17,567 people with an annual payroll of $965.5 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 Talbot County?
Average annual pay is $56,684, or $1,090 a week, across 18,220 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Talbot County?
44 7(a) approvals totalling $22.9 m since FY2020, across 11 lenders, with a median approval of $85,000, plus 7 504 approvals worth $5.9 m. These are approvals recorded in the release, not loans disbursed.
What is being built in Talbot County?
104 housing units were authorised by permit in 2024, with a declared construction value of $54.1 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Talbot County?
Zone 3, a predicted average indoor radon screening level less than 2 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Talbot County come from?
The largest single origin is Talbot County Non-migrants, with 15,326 households. Arriving households report an average income of $155,168 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 Talbot 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 Talbot 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.