HomeNorth CarolinaHalifax County
Halifax County, North Carolina: commercial real estate data.
Halifax County, North Carolina has a population of 47,675 across 724 square miles, down 3.4 percent since the 2020 census base. County output reached $1.94 bn in 2024, 934 establishments operate here, and the SBA record carries 22 7(a) approvals worth $25.0 m.
124 sourced county values · tier FULL · 12 sections
Halifax County
How many people live in Halifax County
- Population47,675
- Households20,383
- Average household size2.34
- Median household income$45,590
- Median age43.6
- Median gross rent$813 per month
- Median owner-occupied home value$106,200
- Home value to household income2.3 times
- Annual rent as a share of median income21.4 percent
- Adults 25 and over with a bachelor degree or higher16.1 percent
- Adults 25 and over with a graduate degree5.2 percent
- Adults 25 and over34,064
- Population under 1810,113
- Share under 1821.2 percent
- Population 65 and over10,515
- Share 65 and over22.1 percent
- Working age population, 18 to 6427,047
- Civilian labor force20,219
- Unemployment rate9.3 percent
- Labor force participation, adults 18 and over53.8 percent
- Rank by population among North Carolina counties54th of 100
- Rank by population among US county-equivalents1048th
Halifax County is the 54th largest of 100 North Carolina counties by population. A median home costs 2.3 times median household income, which is an affordable ownership market by national standards. Residents 65 and over outnumber those under 18, at 22.1 percent against 21.2 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.
Halifax County
Is Halifax County growing
- Population change since the 2020 census base-3.35 percent
- Census 2020 base population48,622
- Births, 2024512
- Deaths, 2024713
- Natural change, 2024-201
- Net domestic migration, 202446
- Net international migration, 202480
- Total net migration, 2024126
- Cumulative net domestic migration, 2021 to 2024-565
- Rank by growth among US county-equivalents2798th
The county has lost 3.35 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.
Halifax County
Where people moving to Halifax County come from
- Tax returns filed by households arriving864
- People arriving, from those returns1,635
- Adjusted gross income arriving$40.1 m
- Net adjusted gross income movement$0
- Average income of an arriving household$46,453
- Largest single originHalifax County Non-migrants (16,592 households)
- Largest single destination (16,592 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Halifax County Non-migrants | 16,592 | 32,456 | $875.9 m |
| Other flows - Different State | 309 | 578 | $16.5 m |
| Other flows - South | 223 | 401 | $10.4 m |
| Other flows - Same State | 180 | 303 | $7.9 m |
| Northampton County | 122 | 272 | $4.2 m |
| Nash County | 78 | 146 | $3.3 m |
| Wake County | 77 | 136 | $5.0 m |
| Other flows - Northeast | 50 | 109 | $2.7 m |
The largest single source of arrivals is Halifax 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.
Halifax County
What the Halifax County economy runs on
- County GDP, 2024$1.94 bn
- County GDP, 2023$1.84 bn
- GDP change, 2023 to 20245.0 percent
- GDP change over five years28.3 percent
- Rank by GDP among North Carolina counties62nd
- Rank by GDP among US county-equivalents1309th
- GDP per resident$40,615
Output grew 5.0 percent in the latest year and 28.3 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.
Halifax County
Who employs people in Halifax County
- Covered employment, annual average15,156
- Establishments reporting1,094
- Average annual pay$47,039
- Average weekly wage$905
- Sector 31-33, employment2,189
- Sector 31-33, average annual pay$58,920
- Sector 44-45, employment2,101
- Sector 44-45, average annual pay$37,799
- Sector 62, employment2,037
- Sector 62, average annual pay$42,871
- Sector 72, employment1,980
- Sector 72, average annual pay$19,630
- Sector 23, employment639
- Sector 56, employment506
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 31-33 | 2,189 | 35 | $58,920 |
| Sector 44-45 | 2,101 | 203 | $37,799 |
| Sector 62 | 2,037 | 132 | $42,871 |
| Sector 72 | 1,980 | 108 | $19,630 |
| Sector 23 | 639 | 74 | $63,805 |
| Sector 56 | 506 | 56 | $42,899 |
| Sector 81 | 422 | 81 | $40,743 |
| Sector 42 | 395 | 33 | $66,394 |
The largest sector is the biggest private employer group at 2,189 jobs, 14.4 percent of covered employment. Average pay per job exceeds median household income, which usually means single earner households and a wage base that can carry rent.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Halifax County
What businesses operate in Halifax County
- Establishments, all industries934
- Employment at those establishments12,340
- Annual payroll$516.4 m
- Establishments per 1,000 residents19.6
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.
Halifax County
What is being built in Halifax County
- Housing units authorised by permit, 202455
- Declared construction value permitted$21.1 m
- Single family units authorised55
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$382,894
- Units authorised per 1,000 households2.7
Multifamily is 0.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Halifax County
How much SBA lending happens in Halifax County
- 7(a) approvals recorded22
- 7(a) gross approval dollars$25.0 m
- Average 7(a) approval$1,135,718
- Median 7(a) approval$775,000
- 10th percentile approval$100,000
- 90th percentile approval$3,784,500
- Largest single approval$4,157,500
- Jobs reported supported, 7(a)274
- Jobs per approval12.5
- Distinct 7(a) lenders active13
- Distinct industries receiving approvals15
- Median 7(a) term240 months
- Share of loans on real estate terms, 240 months or longer50.0 percent
- Loans on real estate terms11
- Loans on working capital terms, 120 months or shorter8
- Franchise loans8
- Franchise share of approvals36.4 percent
- Leading industry by approval countHotels (except Casino Hotels) and Motels (4)
- Most active lenderLive Oak Banking Company (3)
- 504 approvals recorded1
- 504 gross approval dollars$1.5 m
- Average 504 approval$1,515,000
- Median 504 approval$1,515,000
- Distinct CDCs active1
- 504 jobs per approval4.0
- 504 jobs per million dollars approved2.6
- Most active CDCBusiness Expansion Funding Corporation (1)
- 7(a) share of SBA approvals95.7 percent
- Combined SBA approval dollars$26.5 m
The average approval of $1,135,718 sits well above the median of $775,000, 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. 50.0 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.
Halifax County
Do SBA loans in Halifax County get paid back
- Loans with a final outcome recorded3
- Paid in full3
- Charged off0
- Status: Paid in full3
- Status: Exempt from disclosure16
- Status: Cancelled3
Too few loans have reached a final outcome to publish a charge off rate. only 3 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.
Halifax County
Which parts of Halifax County get the lending
- Places in the county with recorded lending5
- ROANOKE RAPIDS, approvals15
- Scotland Neck, approvals3
- Littleton, approvals2
- WELDON, approvals1
- Enfield, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| ROANOKE RAPIDS | 15 | $21,654,300 |
| Scotland Neck | 3 | $541,500 |
| Littleton | 2 | $440,000 |
| WELDON | 1 | $1,500,000 |
| Enfield | 1 | $850,000 |
ROANOKE RAPIDS accounts for 15 approvals against 3 in Scotland Neck. 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.
Halifax County
How big is Halifax County
- Land area724 sq mi
- Rank by land area among North Carolina counties14th of 100
- Width, east to west43.3 mi
- Height, north to south34.7 mi
- Geographies sharing a boundary6
- Residents per square mile of land66
- Establishments per square mile1.29
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.
Halifax County
What hazards affect Halifax County
- EPA radon zone predicted average indoor radon screening level less than 2 pCi/LZone 3
- Communities in the NFIP Community Status Book8
- Of those, participating in the NFIP7
- NFIP participation rate87.5 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.
- 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 Halifax 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 Halifax County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population47,675
- Households20,383
- Average household size2.34
- Median household income$45,590
- Median age43.6
Common questions
Halifax County questions, answered from the record.
How many people live in Halifax County, North Carolina?
47,675, in 20,383 households, ranking 54th of 100 North Carolina counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Halifax County growing?
The population has fallen 3.35 percent since the 2020 census base. In 2024 there were 512 births against 713 deaths, with net migration of 126. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Halifax County?
$45,590. The median owner-occupied home is valued at $106,200, which is 2.3 times income, and median gross rent is $813 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Halifax County?
934 establishments, employing 12,340 people with an annual payroll of $516.4 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 Halifax County?
Average annual pay is $47,039, or $905 a week, across 15,156 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Halifax County?
22 7(a) approvals totalling $25.0 m since FY2020, across 13 lenders, with a median approval of $775,000, plus 1 504 approvals worth $1.5 m. These are approvals recorded in the release, not loans disbursed.
What is being built in Halifax County?
55 housing units were authorised by permit in 2024, with a declared construction value of $21.1 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Halifax 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 Halifax County come from?
The largest single origin is Halifax County Non-migrants, with 16,592 households. Arriving households report an average income of $46,453 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 Halifax 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 Halifax 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.