HomeNorth CarolinaDavidson County
Davidson County, North Carolina: commercial real estate data.
Davidson County, North Carolina has a population of 172,954 across 553 square miles, up 5.3 percent since the 2020 census base. County output reached $7.13 bn in 2024, 2,994 establishments operate here, and the SBA record carries 78 7(a) approvals worth $70.3 m.
128 sourced county values · tier FULL · 12 sections
Davidson County
How many people live in Davidson County
- Population172,954
- Households69,846
- Average household size2.48
- Median household income$64,172
- Median age42.2
- Median gross rent$901 per month
- Median owner-occupied home value$219,100
- Home value to household income3.4 times
- Annual rent as a share of median income16.8 percent
- Adults 25 and over with a bachelor degree or higher21.7 percent
- Adults 25 and over with a graduate degree6.7 percent
- Adults 25 and over122,305
- Population under 1837,476
- Share under 1821.7 percent
- Population 65 and over32,898
- Share 65 and over19.0 percent
- Working age population, 18 to 64102,580
- Civilian labor force83,759
- Unemployment rate4.1 percent
- Labor force participation, adults 18 and over61.8 percent
- Rank by population among North Carolina counties17th of 100
- Rank by population among US county-equivalents396th
Davidson County is the 17th largest of 100 North Carolina counties by population. A median home costs 3.4 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 21.7 percent against 19.0 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Davidson County
Is Davidson County growing
- Population change since the 2020 census base5.26 percent
- Census 2020 base population168,925
- Births, 20241,740
- Deaths, 20242,207
- Natural change, 2024-467
- Net domestic migration, 20242,999
- Net international migration, 2024407
- Total net migration, 20243,406
- Cumulative net domestic migration, 2021 to 20249,716
- Rank by growth among US county-equivalents497th
The county has grown 5.26 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.
Davidson County
Where people moving to Davidson County come from
- Tax returns filed by households arriving5,049
- People arriving, from those returns9,425
- Adjusted gross income arriving$314.7 m
- Net adjusted gross income movement$0
- Average income of an arriving household$62,330
- Largest single originDavidson County Non-migrants (62,324 households)
- Largest single destination (62,324 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Davidson County Non-migrants | 62,324 | 128,248 | $4.28 bn |
| Other flows - Different State | 1,309 | 2,498 | $109.0 m |
| Forsyth County | 977 | 1,783 | $59.0 m |
| Guilford County | 957 | 1,833 | $51.7 m |
| Other flows - South | 668 | 1,223 | $68.5 m |
| Randolph County | 381 | 687 | $16.2 m |
| Other flows - Same State | 309 | 559 | $18.2 m |
| Rowan County | 294 | 570 | $12.8 m |
The largest single source of arrivals is Davidson 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.
Davidson County
What the Davidson County economy runs on
- County GDP, 2024$7.13 bn
- County GDP, 2023$6.75 bn
- GDP change, 2023 to 20245.5 percent
- GDP change over five years38.7 percent
- Rank by GDP among North Carolina counties22nd
- Rank by GDP among US county-equivalents577th
- GDP per resident$41,196
Output grew 5.5 percent in the latest year and 38.7 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.
Davidson County
Who employs people in Davidson County
- Covered employment, annual average46,653
- Establishments reporting3,388
- Average annual pay$54,593
- Average weekly wage$1,050
- Sector 31-33, employment10,449
- Sector 31-33, average annual pay$67,183
- Sector 44-45, employment5,357
- Sector 44-45, average annual pay$34,659
- Sector 62, employment4,918
- Sector 62, average annual pay$55,957
- Sector 72, employment4,379
- Sector 72, average annual pay$23,203
- Sector 56, employment3,233
- Sector 42, employment2,453
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 31-33 | 10,449 | 232 | $67,183 |
| Sector 44-45 | 5,357 | 479 | $34,659 |
| Sector 62 | 4,918 | 250 | $55,957 |
| Sector 72 | 4,379 | 262 | $23,203 |
| Sector 56 | 3,233 | 273 | $44,592 |
| Sector 42 | 2,453 | 200 | $58,387 |
| Sector 23 | 2,438 | 450 | $56,679 |
| Sector 48-49 | 1,514 | 132 | $55,458 |
The largest sector is the biggest private employer group at 10,449 jobs, 22.4 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.
Davidson County
What businesses operate in Davidson County
- Establishments, all industries2,994
- Employment at those establishments41,445
- Annual payroll$2.03 bn
- Establishments per 1,000 residents17.3
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.
Davidson County
What is being built in Davidson County
- Housing units authorised by permit, 2024990
- Declared construction value permitted$326.2 m
- Single family units authorised920
- Multifamily units authorised70
- Multifamily share of units7.1 percent
- Average declared value per unit$329,504
- Units authorised per 1,000 households14.2
Multifamily is 7.1 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Davidson County
How much SBA lending happens in Davidson County
- 7(a) approvals recorded78
- 7(a) gross approval dollars$70.3 m
- Average 7(a) approval$900,710
- Median 7(a) approval$250,000
- 10th percentile approval$25,000
- 90th percentile approval$2,760,000
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)892
- Jobs per approval11.4
- Distinct 7(a) lenders active37
- Distinct industries receiving approvals52
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer30.8 percent
- Loans on real estate terms24
- Loans on working capital terms, 120 months or shorter48
- Franchise loans14
- Franchise share of approvals17.9 percent
- Leading industry by approval countHotels (except Casino Hotels) and Motels (6)
- Most active lenderPinnacle Bank (9)
- 504 approvals recorded13
- 504 gross approval dollars$10.8 m
- Average 504 approval$827,615
- Median 504 approval$586,000
- Distinct CDCs active3
- 504 jobs per approval7.9
- 504 jobs per million dollars approved9.6
- Most active CDCBusiness Expansion Funding Corporation (7)
- 7(a) share of SBA approvals85.7 percent
- Combined SBA approval dollars$81.0 m
The average approval of $900,710 sits well above the median of $250,000, 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. 30.8 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. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Davidson County
Do SBA loans in Davidson County get paid back
- Loans with a final outcome recorded14
- Paid in full14
- Charged off0
- Charge off rate on resolved loans0.0 percent
- Status: Paid in full14
- Status: Exempt from disclosure54
- Status: Cancelled5
- Status: Committed, not yet disbursed5
Of the 14 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.
Davidson County
Which parts of Davidson County get the lending
- Places in the county with recorded lending9
- Lexington, approvals43
- THOMASVILLE, approvals22
- HIGH POINT, approvals3
- WINSTON SALEM, approvals3
- DENTON, approvals2
- LINWOOD, approvals2
| Place | Approvals | Gross approval dollars |
|---|---|---|
| Lexington | 43 | $45,281,900 |
| THOMASVILLE | 22 | $17,295,800 |
| HIGH POINT | 3 | $3,041,000 |
| WINSTON SALEM | 3 | $722,000 |
| DENTON | 2 | $357,000 |
| LINWOOD | 2 | $1,902,500 |
| Winston-Salem | 1 | $750,000 |
| Greensboro | 1 | $131,200 |
Lexington accounts for 43 approvals against 22 in THOMASVILLE. 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.
Davidson County
How big is Davidson County
- Land area553 sq mi
- Rank by land area among North Carolina counties30th of 100
- Width, east to west23.6 mi
- Height, north to south36.1 mi
- Geographies sharing a boundary6
- Residents per square mile of land313
- Establishments per square mile5.41
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.
Davidson County
What hazards affect Davidson County
- EPA radon zone predicted average indoor radon screening level less than 2 pCi/LZone 3
- Communities in the NFIP Community Status Book7
- Of those, participating in the NFIP7
- NFIP participation rate100.0 percent
- Best Community Rating System class in the county A lower CRS class is a larger flood insurance premium discount.Class 7
- Communities carrying a CRS class1
The EPA places the county in radon zone 3, a predicted average indoor radon screening level less than 2 pCi/L. The best Community Rating System class in the county is 7, which carries a flood insurance premium discount for properties in the participating community.
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 Davidson 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 Davidson County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population172,954
- Households69,846
- Average household size2.48
- Median household income$64,172
- Median age42.2
Common questions
Davidson County questions, answered from the record.
How many people live in Davidson County, North Carolina?
172,954, in 69,846 households, ranking 17th of 100 North Carolina counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Davidson County growing?
The population has grown 5.26 percent since the 2020 census base. In 2024 there were 1,740 births against 2,207 deaths, with net migration of 3,406. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Davidson County?
$64,172. The median owner-occupied home is valued at $219,100, which is 3.4 times income, and median gross rent is $901 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Davidson County?
2,994 establishments, employing 41,445 people with an annual payroll of $2.03 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 Davidson County?
Average annual pay is $54,593, or $1,050 a week, across 46,653 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Davidson County?
78 7(a) approvals totalling $70.3 m since FY2020, across 37 lenders, with a median approval of $250,000, plus 13 504 approvals worth $10.8 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Davidson County get paid back?
Of the 14 loans that have reached a final outcome, 14 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 Davidson County?
990 housing units were authorised by permit in 2024, with a declared construction value of $326.2 m. Multifamily was 7.1 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Davidson 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 Davidson County come from?
The largest single origin is Davidson County Non-migrants, with 62,324 households. Arriving households report an average income of $62,330 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 Davidson 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 Davidson 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.