HomeNorth CarolinaMontgomery County
Montgomery County, North Carolina: commercial real estate data.
Montgomery County, North Carolina has a population of 26,007 across 492 square miles, up 2.4 percent since the 2020 census base. County output reached $1.47 bn in 2024, 503 establishments operate here, and the SBA record carries 9 7(a) approvals worth $12.9 m.
123 sourced county values · tier FULL · 12 sections
Montgomery County
How many people live in Montgomery County
- Population26,007
- Households10,643
- Average household size2.44
- Median household income$57,766
- Median age44.0
- Median gross rent$766 per month
- Median owner-occupied home value$161,700
- Home value to household income2.8 times
- Annual rent as a share of median income15.9 percent
- Adults 25 and over with a bachelor degree or higher19.2 percent
- Adults 25 and over with a graduate degree6.9 percent
- Adults 25 and over18,939
- Population under 185,308
- Share under 1820.4 percent
- Population 65 and over5,787
- Share 65 and over22.3 percent
- Working age population, 18 to 6414,912
- Civilian labor force11,387
- Unemployment rate2.8 percent
- Labor force participation, adults 18 and over55.0 percent
- Rank by population among North Carolina counties74th of 100
- Rank by population among US county-equivalents1613th
Montgomery County is the 74th largest of 100 North Carolina counties by population. A median home costs 2.8 times median household income, which is an affordable ownership market by national standards. Residents 65 and over outnumber those under 18, at 22.3 percent against 20.4 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.
Montgomery County
Is Montgomery County growing
- Population change since the 2020 census base2.40 percent
- Census 2020 base population25,747
- Births, 2024265
- Deaths, 2024387
- Natural change, 2024-122
- Net domestic migration, 2024146
- Net international migration, 202498
- Total net migration, 2024244
- Cumulative net domestic migration, 2021 to 2024842
- Rank by growth among US county-equivalents1037th
The county has grown 2.40 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.
Montgomery County
Where people moving to Montgomery County come from
- Tax returns filed by households arriving645
- People arriving, from those returns1,197
- Adjusted gross income arriving$44.0 m
- Net adjusted gross income movement$0
- Average income of an arriving household$68,281
- Largest single originMontgomery County Non-migrants (9,119 households)
- Largest single destination (9,119 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Montgomery County Non-migrants | 9,119 | 18,741 | $608.8 m |
| Other flows - Same State | 123 | 220 | $7.2 m |
| Other flows - Different State | 116 | 217 | $8.5 m |
| Stanly County | 99 | 186 | $5.5 m |
| Randolph County | 75 | 147 | $4.8 m |
| Other flows - South | 70 | 133 | $5.0 m |
| Moore County | 54 | 97 | $2.1 m |
| Mecklenburg County | 37 | 69 | $4.1 m |
The largest single source of arrivals is Montgomery 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.
Montgomery County
What the Montgomery County economy runs on
- County GDP, 2024$1.47 bn
- County GDP, 2023$1.42 bn
- GDP change, 2023 to 20243.7 percent
- GDP change over five years35.7 percent
- Rank by GDP among North Carolina counties69th
- Rank by GDP among US county-equivalents1535th
- GDP per resident$56,508
Output grew 3.7 percent in the latest year and 35.7 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.
Montgomery County
Who employs people in Montgomery County
- Covered employment, annual average8,933
- Establishments reporting620
- Average annual pay$48,929
- Average weekly wage$941
- Sector 31-33, employment2,679
- Sector 31-33, average annual pay$56,703
- Sector 62, employment1,040
- Sector 62, average annual pay$48,303
- Sector 44-45, employment796
- Sector 44-45, average annual pay$28,719
- Sector 56, employment592
- Sector 56, average annual pay$40,254
- Sector 72, employment508
- Sector 23, employment499
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 31-33 | 2,679 | 56 | $56,703 |
| Sector 62 | 1,040 | 51 | $48,303 |
| Sector 44-45 | 796 | 98 | $28,719 |
| Sector 56 | 592 | 30 | $40,254 |
| Sector 72 | 508 | 42 | $17,669 |
| Sector 23 | 499 | 64 | $63,803 |
| Sector 81 | 220 | 46 | $36,787 |
| Sector 71 | 193 | 10 | $25,482 |
The largest sector is the biggest private employer group at 2,679 jobs, 30.0 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.
Montgomery County
What businesses operate in Montgomery County
- Establishments, all industries503
- Employment at those establishments7,600
- Annual payroll$387.8 m
- Establishments per 1,000 residents19.3
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.
Montgomery County
What is being built in Montgomery County
- Housing units authorised by permit, 2024138
- Declared construction value permitted$48.1 m
- Single family units authorised138
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$348,637
- Units authorised per 1,000 households13.0
Multifamily is 0.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Montgomery County
How much SBA lending happens in Montgomery County
- 7(a) approvals recorded9
- 7(a) gross approval dollars$12.9 m
- Average 7(a) approval$1,429,044
- Median 7(a) approval$1,300,000
- 10th percentile approval$233,000
- 90th percentile approval$2,720,000
- Largest single approval$2,720,000
- Jobs reported supported, 7(a)57
- Jobs per approval6.3
- Distinct 7(a) lenders active6
- Distinct industries receiving approvals7
- Median 7(a) term252 months
- Share of loans on real estate terms, 240 months or longer55.6 percent
- Loans on real estate terms5
- Loans on working capital terms, 120 months or shorter1
- Franchise loans1
- Franchise share of approvals11.1 percent
- Leading industry by approval countBroilers and Other Meat Type Chicken Production (3)
- Most active lenderLive Oak Banking Company (3)
- 504 approvals recorded1
- 504 gross approval dollars$65,000
- Average 504 approval$65,000
- Median 504 approval$65,000
- Distinct CDCs active1
- 504 jobs per approval3.0
- 504 jobs per million dollars approved46.2
- Most active CDCSBA CLSC Servicing (1)
- 7(a) share of SBA approvals90.0 percent
- Combined SBA approval dollars$12.9 m
The average approval of $1,429,044 sits close to the median of $1,300,000, so lending here is fairly evenly sized rather than driven by a few large deals. 55.6 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.
Montgomery County
Do SBA loans in Montgomery County get paid back
- Loans with a final outcome recorded0
- Paid in full0
- Charged off0
- Status: Exempt from disclosure8
- Status: Cancelled1
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.
Montgomery County
Which parts of Montgomery County get the lending
- Places in the county with recorded lending5
- Biscoe, approvals3
- MOUNT GILEAD, approvals2
- STAR, approvals2
- SEAGROVE, approvals1
- Troy, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| Biscoe | 3 | $6,527,000 |
| MOUNT GILEAD | 2 | $3,244,000 |
| STAR | 2 | $2,180,000 |
| SEAGROVE | 1 | $677,400 |
| Troy | 1 | $233,000 |
Biscoe accounts for 3 approvals against 2 in MOUNT GILEAD. 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.
Montgomery County
How big is Montgomery County
- Land area492 sq mi
- Rank by land area among North Carolina counties45th of 100
- Width, east to west32.1 mi
- Height, north to south25.4 mi
- Geographies sharing a boundary5
- Residents per square mile of land53
- Establishments per square mile1.02
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.
Montgomery County
What hazards affect Montgomery County
- EPA radon zone predicted average indoor radon screening level less than 2 pCi/LZone 3
- Communities in the NFIP Community Status Book4
- Of those, participating in the NFIP3
- NFIP participation rate75.0 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.
- 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 Montgomery 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 Montgomery County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population26,007
- Households10,643
- Average household size2.44
- Median household income$57,766
- Median age44.0
Common questions
Montgomery County questions, answered from the record.
How many people live in Montgomery County, North Carolina?
26,007, in 10,643 households, ranking 74th of 100 North Carolina counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Montgomery County growing?
The population has grown 2.40 percent since the 2020 census base. In 2024 there were 265 births against 387 deaths, with net migration of 244. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Montgomery County?
$57,766. The median owner-occupied home is valued at $161,700, which is 2.8 times income, and median gross rent is $766 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Montgomery County?
503 establishments, employing 7,600 people with an annual payroll of $387.8 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 Montgomery County?
Average annual pay is $48,929, or $941 a week, across 8,933 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Montgomery County?
9 7(a) approvals totalling $12.9 m since FY2020, across 6 lenders, with a median approval of $1,300,000, plus 1 504 approvals worth $65,000. These are approvals recorded in the release, not loans disbursed.
What is being built in Montgomery County?
138 housing units were authorised by permit in 2024, with a declared construction value of $48.1 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Montgomery 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 Montgomery County come from?
The largest single origin is Montgomery County Non-migrants, with 9,119 households. Arriving households report an average income of $68,281 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 Montgomery 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 Montgomery 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.