HomeNew HampshireCarroll County
Carroll County, New Hampshire: commercial real estate data.
Carroll County, New Hampshire has a population of 51,804 across 931 square miles, up 5.0 percent since the 2020 census base. County output reached $3.41 bn in 2024, 1,896 establishments operate here, and the SBA record carries 164 7(a) approvals worth $29.6 m.
123 sourced county values · tier FULL · 11 sections
Carroll County
How many people live in Carroll County
- Population51,804
- Households21,847
- Average household size2.37
- Median household income$86,463
- Median age54.6
- Median gross rent$1,195 per month
- Median owner-occupied home value$388,900
- Home value to household income4.5 times
- Annual rent as a share of median income16.6 percent
- Adults 25 and over with a bachelor degree or higher38.6 percent
- Adults 25 and over with a graduate degree16.6 percent
- Adults 25 and over41,127
- Population under 187,631
- Share under 1814.7 percent
- Population 65 and over16,002
- Share 65 and over30.9 percent
- Working age population, 18 to 6428,171
- Civilian labor force26,387
- Unemployment rate5.1 percent
- Labor force participation, adults 18 and over59.7 percent
- Rank by population among New Hampshire counties8th of 10
- Rank by population among US county-equivalents989th
Carroll County is the 8th largest of 10 New Hampshire 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 30.9 percent against 14.7 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.
Carroll County
Is Carroll County growing
- Population change since the 2020 census base4.95 percent
- Census 2020 base population50,099
- Births, 2024288
- Deaths, 2024675
- Natural change, 2024-387
- Net domestic migration, 2024557
- Net international migration, 202440
- Total net migration, 2024597
- Cumulative net domestic migration, 2021 to 20243,751
- Rank by growth among US county-equivalents540th
The county has grown 4.95 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.
Carroll County
Where people moving to Carroll County come from
- Tax returns filed by households arriving1,997
- People arriving, from those returns3,319
- Adjusted gross income arriving$231.5 m
- Net adjusted gross income movement$0
- Average income of an arriving household$115,920
- Largest single originCarroll County Non-migrants (22,012 households)
- Largest single destination (22,012 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Carroll County Non-migrants | 22,012 | 40,088 | $2.54 bn |
| Other flows - Different State | 758 | 1,227 | $128.7 m |
| Other flows - Northeast | 304 | 492 | $35.6 m |
| Other flows - South | 261 | 422 | $71.0 m |
| Strafford County | 167 | 302 | $13.8 m |
| Middlesex County | 140 | 232 | $34.5 m |
| Essex County | 137 | 222 | $25.9 m |
| Other flows - West | 127 | 211 | $15.5 m |
The largest single source of arrivals is Carroll 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.
Carroll County
What the Carroll County economy runs on
- County GDP, 2024$3.41 bn
- County GDP, 2023$3.24 bn
- GDP change, 2023 to 20245.2 percent
- GDP change over five years37.6 percent
- Rank by GDP among New Hampshire counties8th
- Rank by GDP among US county-equivalents904th
- GDP per resident$65,734
Output grew 5.2 percent in the latest year and 37.6 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.
Carroll County
Who employs people in Carroll County
- Covered employment, annual average19,693
- Establishments reporting2,127
- Average annual pay$51,660
- Average weekly wage$993
- Sector 72, employment4,099
- Sector 72, average annual pay$34,650
- Sector 44-45, employment3,380
- Sector 44-45, average annual pay$39,074
- Sector 62, employment2,362
- Sector 62, average annual pay$67,825
- Sector 23, employment1,253
- Sector 23, average annual pay$66,639
- Sector 71, employment1,089
- Sector 31-33, employment840
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 72 | 4,099 | 306 | $34,650 |
| Sector 44-45 | 3,380 | 313 | $39,074 |
| Sector 62 | 2,362 | 138 | $67,825 |
| Sector 23 | 1,253 | 288 | $66,639 |
| Sector 71 | 1,089 | 72 | $36,030 |
| Sector 31-33 | 840 | 73 | $53,325 |
| Sector 56 | 787 | 149 | $67,843 |
| Sector 81 | 565 | 164 | $50,784 |
The largest sector is the biggest private employer group at 4,099 jobs, 20.8 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.
Carroll County
What businesses operate in Carroll County
- Establishments, all industries1,896
- Employment at those establishments17,163
- Annual payroll$816.9 m
- Establishments per 1,000 residents36.6
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.
Carroll County
What is being built in Carroll County
- Housing units authorised by permit, 2024355
- Declared construction value permitted$165.3 m
- Single family units authorised351
- Multifamily units authorised4
- Multifamily share of units1.1 percent
- Average declared value per unit$465,552
- Units authorised per 1,000 households16.2
Multifamily is 1.1 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Carroll County
How much SBA lending happens in Carroll County
- 7(a) approvals recorded164
- 7(a) gross approval dollars$29.6 m
- Average 7(a) approval$180,410
- Median 7(a) approval$60,000
- 10th percentile approval$25,000
- 90th percentile approval$350,000
- Largest single approval$4,445,000
- Jobs reported supported, 7(a)1,178
- Jobs per approval7.2
- Distinct 7(a) lenders active26
- Distinct industries receiving approvals81
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer5.5 percent
- Loans on real estate terms9
- Loans on working capital terms, 120 months or shorter152
- Franchise loans3
- Franchise share of approvals1.8 percent
- Leading industry by approval countLandscaping Services (12)
- Most active lenderMeredith Village Savings Bank (47)
- 504 approvals recorded102
- 504 gross approval dollars$48.2 m
- Average 504 approval$472,618
- Median 504 approval$272,000
- Distinct CDCs active4
- 504 jobs per approval6.1
- 504 jobs per million dollars approved12.9
- Most active CDCGranite State Economic Development Corporation (89)
- 7(a) share of SBA approvals61.7 percent
- Combined SBA approval dollars$77.8 m
The average approval of $180,410 sits well above the median of $60,000, 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 5.5 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.
Carroll County
Do SBA loans in Carroll County get paid back
- Loans with a final outcome recorded32
- Paid in full31
- Charged off1
- Charge off rate on resolved loans3.1 percent
- Status: Paid in full31
- Status: Cancelled17
- Status: Exempt from disclosure105
- Status: Charged off1
- Status: Committed, not yet disbursed10
Of the 32 loans that have reached a final outcome, 3.1 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.
Carroll County
Which parts of Carroll County get the lending
- Places in the county with recorded lending28
- WOLFEBORO, approvals24
- North Conway, approvals23
- Moultonborough, approvals17
- Conway, approvals16
- Center Conway, approvals12
- Center Tuftonboro, approvals7
| Place | Approvals | Gross approval dollars |
|---|---|---|
| WOLFEBORO | 24 | $3,468,500 |
| North Conway | 23 | $12,613,700 |
| Moultonborough | 17 | $1,091,000 |
| Conway | 16 | $1,659,000 |
| Center Conway | 12 | $774,000 |
| Center Tuftonboro | 7 | $436,500 |
| Tamworth | 7 | $1,516,000 |
| Ossipee | 7 | $2,110,000 |
WOLFEBORO accounts for 24 approvals against 23 in North Conway. 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.
Carroll County
How big is Carroll County
- Land area931 sq mi
- Rank by land area among New Hampshire counties4th of 10
- Width, east to west30.5 mi
- Height, north to south52.1 mi
- Geographies sharing a boundary4
- Residents per square mile of land56
- Establishments per square mile2.04
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 Carroll 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 Carroll County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population51,804
- Households21,847
- Average household size2.37
- Median household income$86,463
- Median age54.6
Common questions
Carroll County questions, answered from the record.
How many people live in Carroll County, New Hampshire?
51,804, in 21,847 households, ranking 8th of 10 New Hampshire counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Carroll County growing?
The population has grown 4.95 percent since the 2020 census base. In 2024 there were 288 births against 675 deaths, with net migration of 597. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Carroll County?
$86,463. The median owner-occupied home is valued at $388,900, which is 4.5 times income, and median gross rent is $1,195 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Carroll County?
1,896 establishments, employing 17,163 people with an annual payroll of $816.9 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 Carroll County?
Average annual pay is $51,660, or $993 a week, across 19,693 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Carroll County?
164 7(a) approvals totalling $29.6 m since FY2020, across 26 lenders, with a median approval of $60,000, plus 102 504 approvals worth $48.2 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Carroll County get paid back?
Of the 32 loans that have reached a final outcome, 31 were paid in full and 1 charged off, a charge off rate of 3.1 percent. Loans still running are excluded, because they have not yet succeeded or failed.
What is being built in Carroll County?
355 housing units were authorised by permit in 2024, with a declared construction value of $165.3 m. Multifamily was 1.1 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Carroll 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 Carroll County come from?
The largest single origin is Carroll County Non-migrants, with 22,012 households. Arriving households report an average income of $115,920 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 Carroll 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 Carroll 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.