HomeNorth CarolinaVance County
Vance County, North Carolina: commercial real estate data.
Vance County, North Carolina has a population of 42,322 across 254 square miles, down 0.6 percent since the 2020 census base. County output reached $1.69 bn in 2024, 880 establishments operate here, and the SBA record carries 25 7(a) approvals worth $28.9 m.
122 sourced county values · tier FULL · 12 sections
Vance County
How many people live in Vance County
- Population42,322
- Households16,147
- Average household size2.62
- Median household income$50,465
- Median age39.9
- Median gross rent$883 per month
- Median owner-occupied home value$161,500
- Home value to household income3.2 times
- Annual rent as a share of median income21.0 percent
- Adults 25 and over with a bachelor degree or higher17.2 percent
- Adults 25 and over with a graduate degree4.8 percent
- Adults 25 and over28,532
- Population under 1810,160
- Share under 1824.0 percent
- Population 65 and over8,163
- Share 65 and over19.3 percent
- Working age population, 18 to 6423,999
- Civilian labor force19,458
- Unemployment rate8.2 percent
- Labor force participation, adults 18 and over60.5 percent
- Rank by population among North Carolina counties61st of 100
- Rank by population among US county-equivalents1163rd
Vance County is the 61st largest of 100 North Carolina counties by population. A median home costs 3.2 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 24.0 percent against 19.3 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Vance County
Is Vance County growing
- Population change since the 2020 census base-0.58 percent
- Census 2020 base population42,585
- Births, 2024493
- Deaths, 2024632
- Natural change, 2024-139
- Net domestic migration, 2024-40
- Net international migration, 2024185
- Total net migration, 2024145
- Cumulative net domestic migration, 2021 to 2024-250
- Rank by growth among US county-equivalents2044th
The county has lost 0.58 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.
Vance County
Where people moving to Vance County come from
- Tax returns filed by households arriving1,025
- People arriving, from those returns1,990
- Adjusted gross income arriving$45.0 m
- Net adjusted gross income movement$0
- Average income of an arriving household$43,923
- Largest single originVance County Non-migrants (15,141 households)
- Largest single destination (15,141 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Vance County Non-migrants | 15,141 | 30,069 | $831.8 m |
| Other flows - Different State | 225 | 390 | $11.2 m |
| Granville County | 176 | 381 | $8.2 m |
| Other flows - Same State | 164 | 283 | $6.0 m |
| Wake County | 145 | 266 | $6.7 m |
| Other flows - South | 137 | 251 | $6.4 m |
| Franklin County | 125 | 281 | $5.5 m |
| Warren County | 97 | 203 | $3.7 m |
The largest single source of arrivals is Vance 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.
Vance County
What the Vance County economy runs on
- County GDP, 2024$1.69 bn
- County GDP, 2023$1.62 bn
- GDP change, 2023 to 20244.5 percent
- GDP change over five years33.4 percent
- Rank by GDP among North Carolina counties66th
- Rank by GDP among US county-equivalents1420th
- GDP per resident$39,906
Output grew 4.5 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.
Vance County
Who employs people in Vance County
- Covered employment, annual average14,120
- Establishments reporting958
- Average annual pay$47,261
- Average weekly wage$909
- Sector 62, employment2,181
- Sector 62, average annual pay$50,423
- Sector 44-45, employment2,026
- Sector 44-45, average annual pay$35,028
- Sector 48-49, employment1,525
- Sector 48-49, average annual pay$47,849
- Sector 31-33, employment1,489
- Sector 31-33, average annual pay$63,812
- Sector 72, employment1,393
- Sector 56, employment543
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 62 | 2,181 | 112 | $50,423 |
| Sector 44-45 | 2,026 | 185 | $35,028 |
| Sector 48-49 | 1,525 | 37 | $47,849 |
| Sector 31-33 | 1,489 | 38 | $63,812 |
| Sector 72 | 1,393 | 73 | $18,149 |
| Sector 56 | 543 | 62 | $35,511 |
| Sector 42 | 472 | 31 | $72,153 |
| Sector 61 | 415 | 9 | $45,108 |
The largest sector is the biggest private employer group at 2,181 jobs, 15.4 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.
Vance County
What businesses operate in Vance County
- Establishments, all industries880
- Employment at those establishments13,108
- Annual payroll$569.1 m
- Establishments per 1,000 residents20.8
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.
Vance County
What is being built in Vance County
- Housing units authorised by permit, 202473
- Declared construction value permitted$24.5 m
- Single family units authorised73
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$335,094
- Units authorised per 1,000 households4.5
Multifamily is 0.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Vance County
How much SBA lending happens in Vance County
- 7(a) approvals recorded25
- 7(a) gross approval dollars$28.9 m
- Average 7(a) approval$1,154,068
- Median 7(a) approval$500,000
- 10th percentile approval$153,100
- 90th percentile approval$3,385,600
- Largest single approval$3,825,000
- Jobs reported supported, 7(a)229
- Jobs per approval9.2
- Distinct 7(a) lenders active16
- Distinct industries receiving approvals15
- Median 7(a) term180 months
- Share of loans on real estate terms, 240 months or longer44.0 percent
- Loans on real estate terms11
- Loans on working capital terms, 120 months or shorter10
- Franchise loans9
- Franchise share of approvals36.0 percent
- Leading industry by approval countHotels (except Casino Hotels) and Motels (8)
- Most active lenderEmbassy National Bank (4)
- 504 approvals recorded1
- 504 gross approval dollars$1.0 m
- Average 504 approval$1,009,000
- Median 504 approval$1,009,000
- Distinct CDCs active1
- 504 jobs per approval0.0
- 504 jobs per million dollars approved0.0
- Most active CDCBusiness Expansion Funding Corporation (1)
- 7(a) share of SBA approvals96.2 percent
- Combined SBA approval dollars$29.9 m
The average approval of $1,154,068 sits well above the median of $500,000, 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. 44.0 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.
Vance County
Do SBA loans in Vance County get paid back
- Loans with a final outcome recorded5
- Paid in full5
- Charged off0
- Status: Paid in full5
- Status: Cancelled5
- Status: Exempt from disclosure11
- Status: Committed, not yet disbursed4
Too few loans have reached a final outcome to publish a charge off rate. only 5 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.
Vance County
Which parts of Vance County get the lending
- Places in the county with recorded lending2
- HENDERSON, approvals24
- MIDDLEBURG, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| HENDERSON | 24 | $28,425,700 |
| MIDDLEBURG | 1 | $426,000 |
HENDERSON accounts for 24 approvals against 1 in MIDDLEBURG. 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.
Vance County
How big is Vance County
- Land area254 sq mi
- Rank by land area among North Carolina counties90th of 100
- Width, east to west12.5 mi
- Height, north to south26.2 mi
- Geographies sharing a boundary3
- Residents per square mile of land167
- Establishments per square mile3.46
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.
Vance County
What hazards affect Vance County
- EPA radon zone predicted average indoor radon screening level from 2 to 4 pCi/LZone 2
- Communities in the NFIP Community Status Book3
- Of those, participating in the NFIP3
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
The EPA places the county in radon zone 2, a predicted average indoor radon screening level from 2 to 4 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 Vance 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 Vance County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population42,322
- Households16,147
- Average household size2.62
- Median household income$50,465
- Median age39.9
Common questions
Vance County questions, answered from the record.
How many people live in Vance County, North Carolina?
42,322, in 16,147 households, ranking 61st of 100 North Carolina counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Vance County growing?
The population has fallen 0.58 percent since the 2020 census base. In 2024 there were 493 births against 632 deaths, with net migration of 145. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Vance County?
$50,465. The median owner-occupied home is valued at $161,500, which is 3.2 times income, and median gross rent is $883 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Vance County?
880 establishments, employing 13,108 people with an annual payroll of $569.1 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 Vance County?
Average annual pay is $47,261, or $909 a week, across 14,120 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Vance County?
25 7(a) approvals totalling $28.9 m since FY2020, across 16 lenders, with a median approval of $500,000, plus 1 504 approvals worth $1.0 m. These are approvals recorded in the release, not loans disbursed.
What is being built in Vance County?
73 housing units were authorised by permit in 2024, with a declared construction value of $24.5 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Vance County?
Zone 2, a predicted average indoor radon screening level from 2 to 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Vance County come from?
The largest single origin is Vance County Non-migrants, with 15,141 households. Arriving households report an average income of $43,923 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 Vance 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 Vance 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.