HomeNorth CarolinaGates County
Gates County, North Carolina: commercial real estate data.
Gates County, North Carolina has a population of 10,376 across 340 square miles, down 1.7 percent since the 2020 census base. County output reached $240.0 m in 2024, 115 establishments operate here, and the SBA record carries 4 7(a) approvals worth $1.3 m.
109 sourced county values · tier FULL · 12 sections
Gates County
How many people live in Gates County
- Population10,376
- Households4,192
- Average household size2.48
- Median household income$66,333
- Median age47.6
- Median gross rent$1,143 per month
- Median owner-occupied home value$170,800
- Home value to household income2.6 times
- Annual rent as a share of median income20.7 percent
- Adults 25 and over with a bachelor degree or higher10.9 percent
- Adults 25 and over with a graduate degree4.3 percent
- Adults 25 and over7,595
- Population under 181,994
- Share under 1819.2 percent
- Population 65 and over2,357
- Share 65 and over22.7 percent
- Working age population, 18 to 646,025
- Civilian labor force4,751
- Unemployment rate5.9 percent
- Labor force participation, adults 18 and over56.7 percent
- Rank by population among North Carolina counties96th of 100
- Rank by population among US county-equivalents2460th
Gates County is the 96th largest of 100 North Carolina counties by population. A median home costs 2.6 times median household income, which is an affordable ownership market by national standards. Residents 65 and over outnumber those under 18, at 22.7 percent against 19.2 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.
Gates County
Is Gates County growing
- Population change since the 2020 census base-1.69 percent
- Census 2020 base population10,476
- Births, 202473
- Deaths, 2024137
- Natural change, 2024-64
- Net domestic migration, 202413
- Net international migration, 2024-4
- Total net migration, 20249
- Cumulative net domestic migration, 2021 to 2024103
- Rank by growth among US county-equivalents2418th
The county has lost 1.69 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.
Gates County
Where people moving to Gates County come from
- Tax returns filed by households arriving221
- People arriving, from those returns445
- Adjusted gross income arriving$10.4 m
- Net adjusted gross income movement$0
- Average income of an arriving household$47,244
- Largest single originGates County Non-migrants (3,706 households)
- Largest single destination (3,706 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Gates County Non-migrants | 3,706 | 7,433 | $222.3 m |
| Other flows - Different State | 83 | 169 | $4.7 m |
| Other flows - South | 83 | 169 | $4.7 m |
| Other flows - Same State | 55 | 110 | $2.3 m |
| Suffolk city | 40 | 77 | $1.5 m |
| Virginia Beach city | 23 | 47 | $1.3 m |
| Pasquotank County | 20 | 42 | $594,000 |
The largest single source of arrivals is Gates 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.
Gates County
What the Gates County economy runs on
- County GDP, 2024$240.0 m
- County GDP, 2023$231.9 m
- GDP change, 2023 to 20243.5 percent
- GDP change over five years11.3 percent
- Rank by GDP among North Carolina counties97th
- Rank by GDP among US county-equivalents2820th
- GDP per resident$23,128
Output grew 3.5 percent in the latest year and 11.3 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.
Gates County
Who employs people in Gates County
- Covered employment, annual average1,408
- Establishments reporting204
- Average annual pay$44,429
- Average weekly wage$854
- Sector 44-45, employment179
- Sector 44-45, average annual pay$36,546
- Sector 11, employment160
- Sector 11, average annual pay$47,208
- Sector 81, employment57
- Sector 81, average annual pay$37,725
- Sector 54, employment37
- Sector 54, average annual pay$40,128
- Sector 56, employment22
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 44-45 | 179 | 22 | $36,546 |
| Sector 11 | 160 | 20 | $47,208 |
| Sector 81 | 57 | 21 | $37,725 |
| Sector 54 | 37 | 17 | $40,128 |
| Sector 56 | 22 | 10 | $118,874 |
The largest sector is the biggest private employer group at 179 jobs, 12.7 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.
Gates County
What businesses operate in Gates County
- Establishments, all industries115
- Employment at those establishments882
- Annual payroll$40.5 m
- Establishments per 1,000 residents11.1
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.
Gates County
What is being built in Gates County
- Housing units authorised by permit, 202414
- Declared construction value permitted$2.6 m
- Single family units authorised14
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$185,809
- Units authorised per 1,000 households3.3
Multifamily is 0.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Gates County
How much SBA lending happens in Gates County
- 7(a) approvals recorded4
- 7(a) gross approval dollars$1.3 m
- Average 7(a) approval$317,750
- Median 7(a) approval$500,000
- 10th percentile approval$10,000
- 90th percentile approval$711,000
- Largest single approval$711,000
- Jobs reported supported, 7(a)43
- Jobs per approval10.8
- Distinct 7(a) lenders active3
- Distinct industries receiving approvals4
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer25.0 percent
- Loans on real estate terms1
- Loans on working capital terms, 120 months or shorter3
- Franchise loans0
- Franchise share of approvals0.0 percent
- Leading industry by approval countAutomotive Body, Paint, and Interior Repair and Maintenance (1)
- Most active lenderWells Fargo Bank National Association (2)
The average approval of $317,750 sits close to the median of $500,000, so lending here is fairly evenly sized rather than driven by a few large deals. Only 25.0 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.
Gates County
Do SBA loans in Gates County get paid back
- Loans with a final outcome recorded0
- Paid in full0
- Charged off0
- Status: Exempt from disclosure4
Too few loans have reached a final outcome to publish a charge off rate. only 0 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.
Gates County
Which parts of Gates County get the lending
- Places in the county with recorded lending3
- CORAPEAKE, approvals2
- EURE, approvals1
- SUNBURY, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| CORAPEAKE | 2 | $761,000 |
| EURE | 1 | $10,000 |
| SUNBURY | 1 | $500,000 |
CORAPEAKE accounts for 2 approvals against 1 in EURE. 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.
Gates County
How big is Gates County
- Land area340 sq mi
- Rank by land area among North Carolina counties76th of 100
- Width, east to west26.6 mi
- Height, north to south17.6 mi
- Geographies sharing a boundary5
- Residents per square mile of land31
- Establishments per square mile0.34
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.
Gates County
What hazards affect Gates County
- EPA radon zone predicted average indoor radon screening level less than 2 pCi/LZone 3
- 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 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.
- 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 Gates 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 Gates County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population10,376
- Households4,192
- Average household size2.48
- Median household income$66,333
- Median age47.6
Common questions
Gates County questions, answered from the record.
How many people live in Gates County, North Carolina?
10,376, in 4,192 households, ranking 96th of 100 North Carolina counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Gates County growing?
The population has fallen 1.69 percent since the 2020 census base. In 2024 there were 73 births against 137 deaths, with net migration of 9. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Gates County?
$66,333. The median owner-occupied home is valued at $170,800, which is 2.6 times income, and median gross rent is $1,143 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Gates County?
115 establishments, employing 882 people with an annual payroll of $40.5 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 Gates County?
Average annual pay is $44,429, or $854 a week, across 1,408 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Gates County?
4 7(a) approvals totalling $1.3 m since FY2020, across 3 lenders, with a median approval of $500,000. These are approvals recorded in the release, not loans disbursed.
What is being built in Gates County?
14 housing units were authorised by permit in 2024, with a declared construction value of $2.6 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Gates 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 Gates County come from?
The largest single origin is Gates County Non-migrants, with 3,706 households. Arriving households report an average income of $47,244 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 Gates 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 Gates 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.