Gratiot County, Michigan: commercial real estate data.
Gratiot County, Michigan has a population of 41,385 across 568 square miles, down 0.9 percent since the 2020 census base. County output reached $1.98 bn in 2024, 725 establishments operate here, and the SBA record carries 30 7(a) approvals worth $5.2 m.
126 sourced county values · tier FULL · 12 sections
Gratiot County
How many people live in Gratiot County
- Population41,385
- Households14,775
- Average household size2.80
- Median household income$63,556
- Median age39.6
- Median gross rent$834 per month
- Median owner-occupied home value$147,500
- Home value to household income2.3 times
- Annual rent as a share of median income15.7 percent
- Adults 25 and over with a bachelor degree or higher18.7 percent
- Adults 25 and over with a graduate degree5.8 percent
- Adults 25 and over28,638
- Population under 188,079
- Share under 1819.5 percent
- Population 65 and over7,377
- Share 65 and over17.8 percent
- Working age population, 18 to 6425,929
- Civilian labor force18,116
- Unemployment rate4.2 percent
- Labor force participation, adults 18 and over54.4 percent
- Rank by population among Michigan counties39th of 83
- Rank by population among US county-equivalents1180th
Gratiot County is the 39th largest of 83 Michigan counties by population. A median home costs 2.3 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 19.5 percent against 17.8 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Gratiot County
Is Gratiot County growing
- Population change since the 2020 census base-0.94 percent
- Census 2020 base population41,764
- Births, 2024373
- Deaths, 2024480
- Natural change, 2024-107
- Net domestic migration, 20245
- Net international migration, 202443
- Total net migration, 202448
- Cumulative net domestic migration, 2021 to 2024193
- Rank by growth among US county-equivalents2169th
The county has lost 0.94 percent of its population 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.
Gratiot County
Where people moving to Gratiot County come from
- Tax returns filed by households arriving1,003
- People arriving, from those returns1,752
- Adjusted gross income arriving$44.3 m
- Net adjusted gross income movement$0
- Average income of an arriving household$44,174
- Largest single originGratiot County Non-migrants (13,919 households)
- Largest single destination (13,919 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Gratiot County Non-migrants | 13,919 | 28,021 | $901.9 m |
| Other flows - Same State | 234 | 403 | $10.2 m |
| Other flows - Different State | 169 | 297 | $10.9 m |
| Isabella County | 155 | 275 | $6.1 m |
| Montcalm County | 131 | 226 | $4.1 m |
| Clinton County | 85 | 156 | $4.9 m |
| Other flows - South | 81 | 135 | $5.1 m |
| Saginaw County | 55 | 105 | $2.2 m |
The largest single source of arrivals is Gratiot 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.
Gratiot County
What the Gratiot County economy runs on
- County GDP, 2024$1.98 bn
- County GDP, 2023$1.93 bn
- GDP change, 2023 to 20242.5 percent
- GDP change over five years30.4 percent
- Rank by GDP among Michigan counties38th
- Rank by GDP among US county-equivalents1292nd
- GDP per resident$47,898
Output grew 2.5 percent in the latest year and 30.4 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.
Gratiot County
Who employs people in Gratiot County
- Covered employment, annual average12,359
- Establishments reporting794
- Average annual pay$54,845
- Average weekly wage$1,055
- Sector 31-33, employment1,751
- Sector 31-33, average annual pay$66,151
- Sector 44-45, employment1,295
- Sector 44-45, average annual pay$43,293
- Sector 72, employment637
- Sector 72, average annual pay$20,269
- Sector 42, employment606
- Sector 42, average annual pay$60,994
- Sector 56, employment452
- Sector 52, employment328
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 31-33 | 1,751 | 49 | $66,151 |
| Sector 44-45 | 1,295 | 104 | $43,293 |
| Sector 72 | 637 | 56 | $20,269 |
| Sector 42 | 606 | 30 | $60,994 |
| Sector 56 | 452 | 31 | $47,893 |
| Sector 52 | 328 | 34 | $65,320 |
| Sector 23 | 288 | 74 | $55,209 |
| Sector 81 | 282 | 61 | $42,678 |
The largest sector is the biggest private employer group at 1,751 jobs, 14.2 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.
Gratiot County
What businesses operate in Gratiot County
- Establishments, all industries725
- Employment at those establishments10,633
- Annual payroll$511.1 m
- Establishments per 1,000 residents17.5
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.
Gratiot County
What is being built in Gratiot County
- Housing units authorised by permit, 202437
- Declared construction value permitted$7.9 m
- Single family units authorised37
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$213,041
- Units authorised per 1,000 households2.5
Multifamily is 0.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Gratiot County
How much SBA lending happens in Gratiot County
- 7(a) approvals recorded30
- 7(a) gross approval dollars$5.2 m
- Average 7(a) approval$172,913
- Median 7(a) approval$75,000
- 10th percentile approval$19,000
- 90th percentile approval$500,000
- Largest single approval$1,325,000
- Jobs reported supported, 7(a)333
- Jobs per approval11.1
- Distinct 7(a) lenders active7
- Distinct industries receiving approvals19
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer3.3 percent
- Loans on real estate terms1
- Loans on working capital terms, 120 months or shorter26
- Franchise loans0
- Franchise share of approvals0.0 percent
- Leading industry by approval countGeneral Freight Trucking, Long-Distance, Truckload (4)
- Most active lenderThe Huntington National Bank (20)
- 504 approvals recorded11
- 504 gross approval dollars$5.4 m
- Average 504 approval$493,364
- Median 504 approval$350,000
- Distinct CDCs active1
- 504 jobs per approval8.2
- 504 jobs per million dollars approved16.6
- Most active CDCMichigan Certified Development Corporation (11)
- 7(a) share of SBA approvals73.2 percent
- Combined SBA approval dollars$10.6 m
The average approval of $172,913 sits well above the median of $75,000, 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 3.3 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.
Gratiot County
Do SBA loans in Gratiot County get paid back
- Loans with a final outcome recorded7
- Paid in full7
- Charged off0
- Status: Paid in full7
- Status: Exempt from disclosure21
- Status: Cancelled1
- Status: Committed, not yet disbursed1
Too few loans have reached a final outcome to publish a charge off rate. only 7 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.
Gratiot County
Which parts of Gratiot County get the lending
- Places in the county with recorded lending12
- ALMA, approvals6
- Ashley, approvals5
- BRECKENRIDGE, approvals4
- ITHACA, approvals3
- SUMNER, approvals2
- Wheeler, approvals2
| Place | Approvals | Gross approval dollars |
|---|---|---|
| ALMA | 6 | $251,000 |
| Ashley | 5 | $1,398,400 |
| BRECKENRIDGE | 4 | $661,000 |
| ITHACA | 3 | $1,425,000 |
| SUMNER | 2 | $745,000 |
| Wheeler | 2 | $250,000 |
| Middleton | 2 | $160,000 |
| SAINT LOUIS | 2 | $83,800 |
ALMA accounts for 6 approvals against 5 in Ashley. 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.
Gratiot County
How big is Gratiot County
- Land area568 sq mi
- Rank by land area among Michigan counties41st of 83
- Width, east to west24.1 mi
- Height, north to south24 mi
- Geographies sharing a boundary6
- Residents per square mile of land73
- Establishments per square mile1.28
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.
Gratiot County
What hazards affect Gratiot County
- EPA radon zone predicted average indoor radon screening level less than 2 pCi/LZone 3
- Communities in the NFIP Community Status Book11
- Of those, participating in the NFIP8
- NFIP participation rate72.7 percent
- Communities carrying a CRS class0
The EPA places the county in radon zone 3, a predicted average indoor radon screening level less than 2 pCi/L.
US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001. FEMA OpenFEMA, NFIP Community Status Book, Community Status Book, as retrieved.
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.
- 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 Gratiot 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 Gratiot County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population41,385
- Households14,775
- Average household size2.80
- Median household income$63,556
- Median age39.6
Common questions
Gratiot County questions, answered from the record.
How many people live in Gratiot County, Michigan?
41,385, in 14,775 households, ranking 39th of 83 Michigan counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Gratiot County growing?
The population has fallen 0.94 percent since the 2020 census base. In 2024 there were 373 births against 480 deaths, with net migration of 48. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Gratiot County?
$63,556. The median owner-occupied home is valued at $147,500, which is 2.3 times income, and median gross rent is $834 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Gratiot County?
725 establishments, employing 10,633 people with an annual payroll of $511.1 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 Gratiot County?
Average annual pay is $54,845, or $1,055 a week, across 12,359 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Gratiot County?
30 7(a) approvals totalling $5.2 m since FY2020, across 7 lenders, with a median approval of $75,000, plus 11 504 approvals worth $5.4 m. These are approvals recorded in the release, not loans disbursed.
What is being built in Gratiot County?
37 housing units were authorised by permit in 2024, with a declared construction value of $7.9 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Gratiot 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 Gratiot County come from?
The largest single origin is Gratiot County Non-migrants, with 13,919 households. Arriving households report an average income of $44,174 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 Gratiot 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 Gratiot 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.