HomeNorth CarolinaAlleghany County
Alleghany County, North Carolina: commercial real estate data.
Alleghany County, North Carolina has a population of 11,174 across 235 square miles, up 4.6 percent since the 2020 census base. County output reached $420.0 m in 2024, 257 establishments operate here, and the SBA record carries 7 7(a) approvals worth $4.1 m.
108 sourced county values · tier FULL · 11 sections
Alleghany County
How many people live in Alleghany County
- Population11,174
- Households5,177
- Average household size2.16
- Median household income$47,172
- Median age52.6
- Median gross rent$675 per month
- Median owner-occupied home value$214,800
- Home value to household income4.6 times
- Annual rent as a share of median income17.2 percent
- Adults 25 and over with a bachelor degree or higher23.6 percent
- Adults 25 and over with a graduate degree7.8 percent
- Adults 25 and over8,699
- Population under 181,832
- Share under 1816.4 percent
- Population 65 and over3,435
- Share 65 and over30.7 percent
- Working age population, 18 to 645,907
- Civilian labor force4,551
- Unemployment rate3.7 percent
- Labor force participation, adults 18 and over48.7 percent
- Rank by population among North Carolina counties93rd of 100
- Rank by population among US county-equivalents2406th
Alleghany County is the 93rd largest of 100 North Carolina counties by population. A median home costs 4.6 times median household income, which is an affordable ownership market by national standards. Residents 65 and over outnumber those under 18, at 30.7 percent against 16.4 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.
Alleghany County
Is Alleghany County growing
- Population change since the 2020 census base4.62 percent
- Census 2020 base population10,877
- Births, 202498
- Deaths, 2024162
- Natural change, 2024-64
- Net domestic migration, 202494
- Net international migration, 20248
- Total net migration, 2024102
- Cumulative net domestic migration, 2021 to 2024725
- Rank by growth among US county-equivalents592nd
The county has grown 4.62 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.
Alleghany County
Where people moving to Alleghany County come from
- Tax returns filed by households arriving275
- People arriving, from those returns555
- Adjusted gross income arriving$26.8 m
- Net adjusted gross income movement$0
- Average income of an arriving household$97,625
- Largest single originAlleghany County Non-migrants (3,909 households)
- Largest single destination (3,909 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Alleghany County Non-migrants | 3,909 | 7,815 | $248.7 m |
| Other flows - Same State | 154 | 306 | $14.3 m |
| Other flows - Different State | 85 | 176 | $11.1 m |
| Other flows - South | 85 | 176 | $11.1 m |
| Ashe County | 36 | 73 | $1.4 m |
The largest single source of arrivals is Alleghany 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.
Alleghany County
What the Alleghany County economy runs on
- County GDP, 2024$420.0 m
- County GDP, 2023$396.5 m
- GDP change, 2023 to 20245.9 percent
- GDP change over five years31.4 percent
- Rank by GDP among North Carolina counties89th
- Rank by GDP among US county-equivalents2516th
- GDP per resident$37,587
Output grew 5.9 percent in the latest year and 31.4 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.
Alleghany County
Who employs people in Alleghany County
- Covered employment, annual average3,434
- Establishments reporting339
- Average annual pay$42,104
- Average weekly wage$810
- Sector 31-33, employment744
- Sector 31-33, average annual pay$47,442
- Sector 62, employment394
- Sector 62, average annual pay$45,567
- Sector 44-45, employment319
- Sector 44-45, average annual pay$31,039
- Sector 71, employment257
- Sector 71, average annual pay$32,725
- Sector 72, employment225
- Sector 23, employment173
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 31-33 | 744 | 14 | $47,442 |
| Sector 62 | 394 | 30 | $45,567 |
| Sector 44-45 | 319 | 41 | $31,039 |
| Sector 71 | 257 | 7 | $32,725 |
| Sector 72 | 225 | 26 | $16,346 |
| Sector 23 | 173 | 51 | $45,534 |
| Sector 54 | 74 | 22 | $53,438 |
| Sector 81 | 65 | 32 | $25,464 |
The largest sector is the biggest private employer group at 744 jobs, 21.7 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.
Alleghany County
What businesses operate in Alleghany County
- Establishments, all industries257
- Employment at those establishments2,163
- Annual payroll$84.5 m
- Establishments per 1,000 residents23.0
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.
Alleghany County
What is being built in Alleghany County
- Housing units authorised by permit, 202491
- Declared construction value permitted$44.2 m
- Single family units authorised91
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$485,187
- Units authorised per 1,000 households17.6
Multifamily is 0.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Alleghany County
How much SBA lending happens in Alleghany County
- 7(a) approvals recorded7
- 7(a) gross approval dollars$4.1 m
- Average 7(a) approval$581,629
- Median 7(a) approval$215,000
- 10th percentile approval$50,000
- 90th percentile approval$2,784,600
- Largest single approval$2,784,600
- Jobs reported supported, 7(a)34
- Jobs per approval4.9
- Distinct 7(a) lenders active4
- Distinct industries receiving approvals7
- Median 7(a) term240 months
- Share of loans on real estate terms, 240 months or longer57.1 percent
- Loans on real estate terms4
- Loans on working capital terms, 120 months or shorter3
- Franchise loans0
- Franchise share of approvals0.0 percent
- Leading industry by approval countHotels (except Casino Hotels) and Motels (1)
- Most active lenderSkyline National Bank (4)
The average approval of $581,629 sits well above the median of $215,000, 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. 57.1 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.
Alleghany County
Do SBA loans in Alleghany County get paid back
- Loans with a final outcome recorded1
- Paid in full1
- Charged off0
- Status: Paid in full1
- Status: Exempt from disclosure4
- Status: Committed, not yet disbursed2
Too few loans have reached a final outcome to publish a charge off rate. only 1 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.
Alleghany County
How big is Alleghany County
- Land area235 sq mi
- Rank by land area among North Carolina counties95th of 100
- Width, east to west25.1 mi
- Height, north to south14.5 mi
- Geographies sharing a boundary3
- Residents per square mile of land48
- Establishments per square mile1.09
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.
Alleghany County
What hazards affect Alleghany County
- EPA radon zone predicted average indoor radon screening level greater than 4 pCi/LZone 1
- Communities in the NFIP Community Status Book2
- Of those, participating in the NFIP2
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
The EPA places the county in radon zone 1, a predicted average indoor radon screening level greater than 4 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.
- No 504 approvals recorded in this county in the FOIA release covering FY2010 onward.
- 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 Alleghany 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 Alleghany County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population11,174
- Households5,177
- Average household size2.16
- Median household income$47,172
- Median age52.6
Common questions
Alleghany County questions, answered from the record.
How many people live in Alleghany County, North Carolina?
11,174, in 5,177 households, ranking 93rd of 100 North Carolina counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Alleghany County growing?
The population has grown 4.62 percent since the 2020 census base. In 2024 there were 98 births against 162 deaths, with net migration of 102. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Alleghany County?
$47,172. The median owner-occupied home is valued at $214,800, which is 4.6 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 Alleghany County?
257 establishments, employing 2,163 people with an annual payroll of $84.5 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 Alleghany County?
Average annual pay is $42,104, or $810 a week, across 3,434 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Alleghany County?
7 7(a) approvals totalling $4.1 m since FY2020, across 4 lenders, with a median approval of $215,000. These are approvals recorded in the release, not loans disbursed.
What is being built in Alleghany County?
91 housing units were authorised by permit in 2024, with a declared construction value of $44.2 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Alleghany 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 Alleghany County come from?
The largest single origin is Alleghany County Non-migrants, with 3,909 households. Arriving households report an average income of $97,625 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 Alleghany 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 Alleghany 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.