Luce County, Michigan: commercial real estate data.
Luce County, Michigan has a population of 6,271 across 899 square miles, down 1.3 percent since the 2020 census base. County output reached $209.8 m in 2024, 158 establishments operate here, and the SBA record carries 6 7(a) approvals worth $3.7 m.
105 sourced county values · tier FULL · 11 sections
Luce County
How many people live in Luce County
- Population6,271
- Households2,455
- Average household size2.55
- Median household income$54,893
- Median age44.6
- Median gross rent$675 per month
- Median owner-occupied home value$112,000
- Home value to household income2.0 times
- Annual rent as a share of median income14.8 percent
- Adults 25 and over with a bachelor degree or higher17.4 percent
- Adults 25 and over with a graduate degree8.1 percent
- Adults 25 and over4,716
- Population under 181,021
- Share under 1816.3 percent
- Population 65 and over1,418
- Share 65 and over22.6 percent
- Working age population, 18 to 643,832
- Civilian labor force2,228
- Unemployment rate9.9 percent
- Labor force participation, adults 18 and over42.4 percent
- Rank by population among Michigan counties81st of 83
- Rank by population among US county-equivalents2791st
Luce County is the 81st largest of 83 Michigan counties by population. A median home costs 2.0 times median household income, which is an affordable ownership market by national standards. Residents 65 and over outnumber those under 18, at 22.6 percent against 16.3 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.
Luce County
Is Luce County growing
- Population change since the 2020 census base-1.31 percent
- Census 2020 base population6,412
- Births, 202438
- Deaths, 202497
- Natural change, 2024-59
- Net domestic migration, 2024-6
- Net international migration, 20245
- Total net migration, 2024-1
- Cumulative net domestic migration, 2021 to 2024104
- Rank by growth among US county-equivalents2293rd
The county has lost 1.31 percent of its population since the 2020 census base.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Luce County
Where people moving to Luce County come from
- Tax returns filed by households arriving95
- People arriving, from those returns159
- Adjusted gross income arriving$3.9 m
- Net adjusted gross income movement$0
- Average income of an arriving household$41,232
- Largest single originLuce County Non-migrants (2,046 households)
- Largest single destination (2,046 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Luce County Non-migrants | 2,046 | 3,966 | $118.3 m |
| Other flows - Same State | 95 | 159 | $3.9 m |
The largest single source of arrivals is Luce 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.
Luce County
What the Luce County economy runs on
- County GDP, 2024$209.8 m
- County GDP, 2023$203.2 m
- GDP change, 2023 to 20243.2 percent
- GDP change over five years33.0 percent
- Rank by GDP among Michigan counties81st
- Rank by GDP among US county-equivalents2888th
- GDP per resident$33,461
Output grew 3.2 percent in the latest year and 33.0 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.
Luce County
Who employs people in Luce County
- Covered employment, annual average1,786
- Establishments reporting180
- Average annual pay$47,825
- Average weekly wage$920
- Sector 44-45, employment263
- Sector 44-45, average annual pay$32,549
- Sector 31-33, employment60
- Sector 31-33, average annual pay$43,021
- Sector 11, employment56
- Sector 11, average annual pay$45,967
- Sector 81, employment42
- Sector 81, average annual pay$28,018
- Sector 23, employment32
- Sector 42, employment25
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 44-45 | 263 | 27 | $32,549 |
| Sector 31-33 | 60 | 7 | $43,021 |
| Sector 11 | 56 | 10 | $45,967 |
| Sector 81 | 42 | 14 | $28,018 |
| Sector 23 | 32 | 11 | $56,114 |
| Sector 42 | 25 | 4 | $41,081 |
The largest sector is the biggest private employer group at 263 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.
Luce County
What businesses operate in Luce County
- Establishments, all industries158
- Employment at those establishments1,502
- Annual payroll$67.4 m
- Establishments per 1,000 residents25.2
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.
Luce County
What is being built in Luce County
- Housing units authorised by permit, 20249
- Declared construction value permitted$1.8 m
- Single family units authorised9
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$202,488
- Units authorised per 1,000 households3.7
Multifamily is 0.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Luce County
How much SBA lending happens in Luce County
- 7(a) approvals recorded6
- 7(a) gross approval dollars$3.7 m
- Average 7(a) approval$617,633
- Median 7(a) approval$472,500
- 10th percentile approval$87,200
- 90th percentile approval$2,000,000
- Largest single approval$2,000,000
- Jobs reported supported, 7(a)102
- Jobs per approval17.0
- Distinct 7(a) lenders active3
- Distinct industries receiving approvals4
- Median 7(a) term300 months
- Share of loans on real estate terms, 240 months or longer83.3 percent
- Loans on real estate terms5
- Loans on working capital terms, 120 months or shorter1
- Franchise loans0
- Franchise share of approvals0.0 percent
- Leading industry by approval countNew Car Dealers (2)
- Most active lenderNicolet National Bank (4)
The average approval of $617,633 sits close to the median of $472,500, so lending here is fairly evenly sized rather than driven by a few large deals. 83.3 percent of approvals run on real estate terms of 240 months or more, so this is a market where SBA credit is buying buildings, not just funding operations.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Luce County
Do SBA loans in Luce County get paid back
- Loans with a final outcome recorded2
- Paid in full2
- Charged off0
- Status: Paid in full2
- Status: Exempt from disclosure4
Too few loans have reached a final outcome to publish a charge off rate. only 2 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.
Luce County
Which parts of Luce County get the lending
- Places in the county with recorded lending2
- NEWBERRY, approvals5
- Mc Millan, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| NEWBERRY | 5 | $3,233,300 |
| Mc Millan | 1 | $472,500 |
NEWBERRY accounts for 5 approvals against 1 in Mc Millan. 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.
Luce County
How big is Luce County
- Land area899 sq mi
- Rank by land area among Michigan counties13th of 83
- Width, east to west29.8 mi
- Height, north to south35.3 mi
- Geographies sharing a boundary4
- Residents per square mile of land7
- Establishments per square mile0.18
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 504 approvals recorded in this county in the FOIA release covering FY2010 onward.
- 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 Luce 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 Luce County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population6,271
- Households2,455
- Average household size2.55
- Median household income$54,893
- Median age44.6
Common questions
Luce County questions, answered from the record.
How many people live in Luce County, Michigan?
6,271, in 2,455 households, ranking 81st of 83 Michigan counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Luce County growing?
The population has fallen 1.31 percent since the 2020 census base. In 2024 there were 38 births against 97 deaths, with net migration of -1. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Luce County?
$54,893. The median owner-occupied home is valued at $112,000, which is 2.0 times income, and median gross rent is $675 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Luce County?
158 establishments, employing 1,502 people with an annual payroll of $67.4 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 Luce County?
Average annual pay is $47,825, or $920 a week, across 1,786 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Luce County?
6 7(a) approvals totalling $3.7 m since FY2020, across 3 lenders, with a median approval of $472,500. These are approvals recorded in the release, not loans disbursed.
What is being built in Luce County?
9 housing units were authorised by permit in 2024, with a declared construction value of $1.8 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Luce 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 Luce County come from?
The largest single origin is Luce County Non-migrants, with 2,046 households. Arriving households report an average income of $41,232 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 Luce 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 Luce 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.