HomeMassachusettsHampshire County
Hampshire County, Massachusetts: commercial real estate data.
Hampshire County, Massachusetts has a population of 162,028 across 527 square miles, up 1.9 percent since the 2020 census base. County output reached $10.39 bn in 2024, 3,491 establishments operate here, and the SBA record carries 151 7(a) approvals worth $38.3 m.
122 sourced county values · tier FULL · 11 sections
Hampshire County
How many people live in Hampshire County
- Population162,028
- Households62,114
- Average household size2.61
- Median household income$87,001
- Median age37.4
- Median gross rent$1,388 per month
- Median owner-occupied home value$390,300
- Home value to household income4.5 times
- Annual rent as a share of median income19.1 percent
- Adults 25 and over with a bachelor degree or higher51.6 percent
- Adults 25 and over with a graduate degree27.6 percent
- Adults 25 and over100,832
- Population under 1823,042
- Share under 1814.2 percent
- Population 65 and over31,438
- Share 65 and over19.4 percent
- Working age population, 18 to 64107,548
- Civilian labor force87,452
- Unemployment rate5.0 percent
- Labor force participation, adults 18 and over62.9 percent
- Rank by population among Massachusetts counties10th of 14
- Rank by population among US county-equivalents427th
Hampshire County is the 10th largest of 14 Massachusetts counties by population. A median home costs 4.5 times median household income, which is an affordable ownership market by national standards. Residents 65 and over outnumber those under 18, at 19.4 percent against 14.2 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.
Hampshire County
Is Hampshire County growing
- Population change since the 2020 census base1.90 percent
- Census 2020 base population162,308
- Births, 2024909
- Deaths, 20241,438
- Natural change, 2024-529
- Net domestic migration, 2024-966
- Net international migration, 20241,198
- Total net migration, 2024232
- Cumulative net domestic migration, 2021 to 202416,754
- Rank by growth among US county-equivalents1198th
The county has grown 1.90 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.
Hampshire County
Where people moving to Hampshire County come from
- Tax returns filed by households arriving4,214
- People arriving, from those returns6,282
- Adjusted gross income arriving$320.6 m
- Net adjusted gross income movement$0
- Average income of an arriving household$76,078
- Largest single originHampshire County Non-migrants (59,109 households)
- Largest single destination (59,109 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Hampshire County Non-migrants | 59,109 | 107,352 | $5.81 bn |
| Other flows - Different State | 1,329 | 1,940 | $103.9 m |
| Hampden County | 1,079 | 1,721 | $81.2 m |
| Other flows - Northeast | 496 | 696 | $42.0 m |
| Other flows - South | 447 | 664 | $33.5 m |
| Franklin County | 389 | 571 | $21.7 m |
| Worcester County | 268 | 425 | $14.4 m |
| Other flows - West | 254 | 397 | $19.5 m |
The largest single source of arrivals is Hampshire 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.
Hampshire County
What the Hampshire County economy runs on
- County GDP, 2024$10.39 bn
- County GDP, 2023$9.89 bn
- GDP change, 2023 to 20245.0 percent
- GDP change over five years27.7 percent
- Rank by GDP among Massachusetts counties10th
- Rank by GDP among US county-equivalents428th
- GDP per resident$64,117
Output grew 5.0 percent in the latest year and 27.7 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.
Hampshire County
Who employs people in Hampshire County
- Covered employment, annual average65,786
- Establishments reporting4,928
- Average annual pay$62,006
- Average weekly wage$1,192
- Sector 62, employment10,341
- Sector 62, average annual pay$54,464
- Sector 44-45, employment7,387
- Sector 44-45, average annual pay$37,931
- Sector 61, employment7,246
- Sector 61, average annual pay$60,380
- Sector 72, employment5,511
- Sector 72, average annual pay$27,881
- Sector 31-33, employment2,743
- Sector 23, employment2,312
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 62 | 10,341 | 1,276 | $54,464 |
| Sector 44-45 | 7,387 | 487 | $37,931 |
| Sector 61 | 7,246 | 143 | $60,380 |
| Sector 72 | 5,511 | 358 | $27,881 |
| Sector 31-33 | 2,743 | 132 | $77,150 |
| Sector 23 | 2,312 | 384 | $75,773 |
| Sector 42 | 2,152 | 136 | $123,735 |
| Sector 81 | 2,090 | 410 | $49,786 |
The largest sector is the biggest private employer group at 10,341 jobs, 15.7 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.
Hampshire County
What businesses operate in Hampshire County
- Establishments, all industries3,491
- Employment at those establishments49,009
- Annual payroll$2.52 bn
- Establishments per 1,000 residents21.5
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.
Hampshire County
What is being built in Hampshire County
- Housing units authorised by permit, 2024318
- Declared construction value permitted$91.2 m
- Single family units authorised150
- Multifamily units authorised168
- Multifamily share of units52.8 percent
- Average declared value per unit$286,683
- Units authorised per 1,000 households5.1
Multifamily is 52.8 percent of units authorised, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Hampshire County
How much SBA lending happens in Hampshire County
- 7(a) approvals recorded151
- 7(a) gross approval dollars$38.3 m
- Average 7(a) approval$253,615
- Median 7(a) approval$83,000
- 10th percentile approval$20,000
- 90th percentile approval$637,500
- Largest single approval$3,451,500
- Jobs reported supported, 7(a)1,160
- Jobs per approval7.7
- Distinct 7(a) lenders active36
- Distinct industries receiving approvals88
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer5.3 percent
- Loans on real estate terms8
- Loans on working capital terms, 120 months or shorter140
- Franchise loans10
- Franchise share of approvals6.6 percent
- Leading industry by approval countPlumbing, Heating, and Air-Conditioning Contractors (9)
- Most active lenderTD Bank, National Association (23)
- 504 approvals recorded69
- 504 gross approval dollars$51.1 m
- Average 504 approval$740,681
- Median 504 approval$332,000
- Distinct CDCs active4
- 504 jobs per approval6.8
- 504 jobs per million dollars approved9.2
- Most active CDCGranite State Economic Development Corporation (38)
- 7(a) share of SBA approvals68.6 percent
- Combined SBA approval dollars$89.4 m
The average approval of $253,615 sits well above the median of $83,000, 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 5.3 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.
Hampshire County
Do SBA loans in Hampshire County get paid back
- Loans with a final outcome recorded25
- Paid in full25
- Charged off0
- Charge off rate on resolved loans0.0 percent
- Status: Exempt from disclosure87
- Status: Paid in full25
- Status: Cancelled22
- Status: Committed, not yet disbursed17
Of the 25 loans that have reached a final outcome, 0.0 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.
Hampshire County
Which parts of Hampshire County get the lending
- Places in the county with recorded lending21
- Amherst, approvals21
- SOUTH HADLEY, approvals20
- Northampton, approvals19
- Hadley, approvals17
- GRANBY, approvals11
- FLORENCE, approvals9
| Place | Approvals | Gross approval dollars |
|---|---|---|
| Amherst | 21 | $6,176,300 |
| SOUTH HADLEY | 20 | $3,455,800 |
| Northampton | 19 | $5,774,500 |
| Hadley | 17 | $14,141,300 |
| GRANBY | 11 | $949,000 |
| FLORENCE | 9 | $730,000 |
| EASTHAMPTON | 9 | $1,121,000 |
| WARE | 8 | $1,688,300 |
Amherst accounts for 21 approvals against 20 in SOUTH HADLEY. 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.
Hampshire County
How big is Hampshire County
- Land area527 sq mi
- Rank by land area among Massachusetts counties8th of 14
- Width, east to west40.8 mi
- Height, north to south25.7 mi
- Geographies sharing a boundary4
- Residents per square mile of land307
- Establishments per square mile6.62
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 Hampshire 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 Hampshire County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population162,028
- Households62,114
- Average household size2.61
- Median household income$87,001
- Median age37.4
Common questions
Hampshire County questions, answered from the record.
How many people live in Hampshire County, Massachusetts?
162,028, in 62,114 households, ranking 10th of 14 Massachusetts counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Hampshire County growing?
The population has grown 1.90 percent since the 2020 census base. In 2024 there were 909 births against 1,438 deaths, with net migration of 232. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Hampshire County?
$87,001. The median owner-occupied home is valued at $390,300, which is 4.5 times income, and median gross rent is $1,388 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Hampshire County?
3,491 establishments, employing 49,009 people with an annual payroll of $2.52 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 Hampshire County?
Average annual pay is $62,006, or $1,192 a week, across 65,786 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Hampshire County?
151 7(a) approvals totalling $38.3 m since FY2020, across 36 lenders, with a median approval of $83,000, plus 69 504 approvals worth $51.1 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Hampshire County get paid back?
Of the 25 loans that have reached a final outcome, 25 were paid in full and 0 charged off, a charge off rate of 0.0 percent. Loans still running are excluded, because they have not yet succeeded or failed.
What is being built in Hampshire County?
318 housing units were authorised by permit in 2024, with a declared construction value of $91.2 m. Multifamily was 52.8 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Hampshire County?
Zone 2, a predicted average indoor radon screening level from 2 to 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 Hampshire County come from?
The largest single origin is Hampshire County Non-migrants, with 59,109 households. Arriving households report an average income of $76,078 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 Hampshire 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 Hampshire 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.