HomeNorth CarolinaPasquotank County
Pasquotank County, North Carolina: commercial real estate data.
Pasquotank County, North Carolina has a population of 40,834 across 227 square miles, up 2.1 percent since the 2020 census base. County output reached $2.21 bn in 2024, 931 establishments operate here, and the SBA record carries 28 7(a) approvals worth $25.9 m.
119 sourced county values · tier FULL · 11 sections
Pasquotank County
How many people live in Pasquotank County
- Population40,834
- Households15,785
- Average household size2.59
- Median household income$66,589
- Median age39.6
- Median gross rent$1,170 per month
- Median owner-occupied home value$234,600
- Home value to household income3.5 times
- Annual rent as a share of median income21.1 percent
- Adults 25 and over with a bachelor degree or higher27.6 percent
- Adults 25 and over with a graduate degree8.9 percent
- Adults 25 and over28,086
- Population under 188,737
- Share under 1821.4 percent
- Population 65 and over7,612
- Share 65 and over18.6 percent
- Working age population, 18 to 6424,485
- Civilian labor force18,954
- Unemployment rate5.9 percent
- Labor force participation, adults 18 and over59.1 percent
- Rank by population among North Carolina counties62nd of 100
- Rank by population among US county-equivalents1190th
Pasquotank County is the 62nd largest of 100 North Carolina counties by population. A median home costs 3.5 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 21.4 percent against 18.6 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Pasquotank County
Is Pasquotank County growing
- Population change since the 2020 census base2.09 percent
- Census 2020 base population40,569
- Births, 2024353
- Deaths, 2024450
- Natural change, 2024-97
- Net domestic migration, 2024236
- Net international migration, 202496
- Total net migration, 2024332
- Cumulative net domestic migration, 2021 to 20241,160
- Rank by growth among US county-equivalents1152nd
The county has grown 2.09 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.
Pasquotank County
Where people moving to Pasquotank County come from
- Tax returns filed by households arriving1,303
- People arriving, from those returns2,489
- Adjusted gross income arriving$70.6 m
- Net adjusted gross income movement$0
- Average income of an arriving household$54,157
- Largest single originPasquotank County Non-migrants (14,328 households)
- Largest single destination (14,328 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Pasquotank County Non-migrants | 14,328 | 28,352 | $864.8 m |
| Other flows - Different State | 510 | 1,005 | $30.7 m |
| Other flows - South | 288 | 571 | $16.9 m |
| Other flows - Same State | 173 | 299 | $7.6 m |
| Chesapeake city | 132 | 244 | $7.2 m |
| Camden County | 95 | 195 | $5.7 m |
| Other flows - Northeast | 91 | 156 | $5.8 m |
| Virginia Beach city | 89 | 172 | $5.1 m |
The largest single source of arrivals is Pasquotank 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.
Pasquotank County
What the Pasquotank County economy runs on
- County GDP, 2024$2.21 bn
- County GDP, 2023$2.10 bn
- GDP change, 2023 to 20245.2 percent
- GDP change over five years33.4 percent
- Rank by GDP among North Carolina counties56th
- Rank by GDP among US county-equivalents1198th
- GDP per resident$54,031
Output grew 5.2 percent in the latest year and 33.4 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.
Pasquotank County
Who employs people in Pasquotank County
- Covered employment, annual average16,026
- Establishments reporting1,150
- Average annual pay$50,275
- Average weekly wage$967
- Sector 62, employment2,756
- Sector 62, average annual pay$61,331
- Sector 44-45, employment2,442
- Sector 44-45, average annual pay$33,959
- Sector 72, employment1,770
- Sector 72, average annual pay$20,567
- Sector 31-33, employment843
- Sector 31-33, average annual pay$54,983
- Sector 23, employment558
- Sector 48-49, employment536
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 62 | 2,756 | 148 | $61,331 |
| Sector 44-45 | 2,442 | 185 | $33,959 |
| Sector 72 | 1,770 | 113 | $20,567 |
| Sector 31-33 | 843 | 40 | $54,983 |
| Sector 23 | 558 | 95 | $60,386 |
| Sector 48-49 | 536 | 39 | $76,025 |
| Sector 81 | 484 | 106 | $37,399 |
| Sector 42 | 341 | 28 | $53,181 |
The largest sector is the biggest private employer group at 2,756 jobs, 17.2 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.
Pasquotank County
What businesses operate in Pasquotank County
- Establishments, all industries931
- Employment at those establishments11,207
- Annual payroll$491.3 m
- Establishments per 1,000 residents22.8
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.
Pasquotank County
What is being built in Pasquotank County
- Housing units authorised by permit, 2024153
- Declared construction value permitted$39.6 m
- Single family units authorised153
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$259,049
- Units authorised per 1,000 households9.7
Multifamily is 0.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Pasquotank County
How much SBA lending happens in Pasquotank County
- 7(a) approvals recorded28
- 7(a) gross approval dollars$25.9 m
- Average 7(a) approval$925,239
- Median 7(a) approval$526,000
- 10th percentile approval$75,000
- 90th percentile approval$3,166,000
- Largest single approval$4,440,000
- Jobs reported supported, 7(a)596
- Jobs per approval21.3
- Distinct 7(a) lenders active15
- Distinct industries receiving approvals18
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer21.4 percent
- Loans on real estate terms6
- Loans on working capital terms, 120 months or shorter21
- Franchise loans6
- Franchise share of approvals21.4 percent
- Leading industry by approval countAircraft Manufacturing (6)
- Most active lenderNewtek Bank, National Association (7)
- 504 approvals recorded17
- 504 gross approval dollars$10.6 m
- Average 504 approval$624,765
- Median 504 approval$399,000
- Distinct CDCs active2
- 504 jobs per approval6.5
- 504 jobs per million dollars approved10.5
- Most active CDCBusiness Expansion Funding Corporation (9)
- 7(a) share of SBA approvals62.2 percent
- Combined SBA approval dollars$36.5 m
The average approval of $925,239 sits well above the median of $526,000, 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. Only 21.4 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. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Pasquotank County
Do SBA loans in Pasquotank County get paid back
- Loans with a final outcome recorded3
- Paid in full3
- Charged off0
- Status: Paid in full3
- Status: Exempt from disclosure20
- Status: Cancelled3
- Status: Committed, not yet disbursed2
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.
Pasquotank County
How big is Pasquotank County
- Land area227 sq mi
- Rank by land area among North Carolina counties96th of 100
- Width, east to west24.8 mi
- Height, north to south27.2 mi
- Geographies sharing a boundary3
- Residents per square mile of land180
- Establishments per square mile4.10
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.
Pasquotank County
What hazards affect Pasquotank 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.
- 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 Pasquotank 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 Pasquotank County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population40,834
- Households15,785
- Average household size2.59
- Median household income$66,589
- Median age39.6
Common questions
Pasquotank County questions, answered from the record.
How many people live in Pasquotank County, North Carolina?
40,834, in 15,785 households, ranking 62nd of 100 North Carolina counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Pasquotank County growing?
The population has grown 2.09 percent since the 2020 census base. In 2024 there were 353 births against 450 deaths, with net migration of 332. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Pasquotank County?
$66,589. The median owner-occupied home is valued at $234,600, which is 3.5 times income, and median gross rent is $1,170 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Pasquotank County?
931 establishments, employing 11,207 people with an annual payroll of $491.3 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 Pasquotank County?
Average annual pay is $50,275, or $967 a week, across 16,026 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Pasquotank County?
28 7(a) approvals totalling $25.9 m since FY2020, across 15 lenders, with a median approval of $526,000, plus 17 504 approvals worth $10.6 m. These are approvals recorded in the release, not loans disbursed.
What is being built in Pasquotank County?
153 housing units were authorised by permit in 2024, with a declared construction value of $39.6 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Pasquotank 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 Pasquotank County come from?
The largest single origin is Pasquotank County Non-migrants, with 14,328 households. Arriving households report an average income of $54,157 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 Pasquotank 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 Pasquotank 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.