Shelby County, Ohio: commercial real estate data.
Shelby County, Ohio has a population of 47,929 across 408 square miles, down 0.6 percent since the 2020 census base. County output reached $4.07 bn in 2024, 989 establishments operate here, and the SBA record carries 45 7(a) approvals worth $19.6 m.
127 sourced county values · tier FULL · 12 sections
Shelby County
How many people live in Shelby County
- Population47,929
- Households18,906
- Average household size2.54
- Median household income$73,978
- Median age40.3
- Median gross rent$922 per month
- Median owner-occupied home value$208,100
- Home value to household income2.8 times
- Annual rent as a share of median income15.0 percent
- Adults 25 and over with a bachelor degree or higher21.4 percent
- Adults 25 and over with a graduate degree7.1 percent
- Adults 25 and over32,068
- Population under 1811,724
- Share under 1824.5 percent
- Population 65 and over8,689
- Share 65 and over18.1 percent
- Working age population, 18 to 6427,516
- Civilian labor force24,769
- Unemployment rate4.1 percent
- Labor force participation, adults 18 and over68.4 percent
- Rank by population among Ohio counties50th of 88
- Rank by population among US county-equivalents1041st
Shelby County is the 50th largest of 88 Ohio counties by population. A median home costs 2.8 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 24.5 percent against 18.1 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Shelby County
Is Shelby County growing
- Population change since the 2020 census base-0.58 percent
- Census 2020 base population48,233
- Births, 2024575
- Deaths, 2024521
- Natural change, 202454
- Net domestic migration, 202446
- Net international migration, 202470
- Total net migration, 2024116
- Cumulative net domestic migration, 2021 to 2024-493
- Rank by growth among US county-equivalents2046th
The county has lost 0.58 percent of its population since the 2020 census base. Migration contributed more to 2024 change than births over deaths, so demand here follows people arriving rather than families forming.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Shelby County
Where people moving to Shelby County come from
- Tax returns filed by households arriving925
- People arriving, from those returns1,543
- Adjusted gross income arriving$44.6 m
- Net adjusted gross income movement$0
- Average income of an arriving household$48,237
- Largest single originShelby County Non-migrants (19,391 households)
- Largest single destination (19,391 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Shelby County Non-migrants | 19,391 | 39,198 | $1.50 bn |
| Miami County | 219 | 373 | $8.8 m |
| Other flows - Different State | 190 | 305 | $9.3 m |
| Other flows - Same State | 140 | 225 | $8.0 m |
| Auglaize County | 123 | 231 | $8.0 m |
| Other flows - South | 101 | 161 | $4.8 m |
| Logan County | 71 | 118 | $3.3 m |
| Other flows - Midwest | 54 | 86 | $2.8 m |
The largest single source of arrivals is Shelby 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.
Shelby County
What the Shelby County economy runs on
- County GDP, 2024$4.07 bn
- County GDP, 2023$3.96 bn
- GDP change, 2023 to 20242.8 percent
- GDP change over five years25.3 percent
- Rank by GDP among Ohio counties38th
- Rank by GDP among US county-equivalents794th
- GDP per resident$84,857
Output grew 2.8 percent in the latest year and 25.3 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.
Shelby County
Who employs people in Shelby County
- Covered employment, annual average26,643
- Establishments reporting1,138
- Average annual pay$62,089
- Average weekly wage$1,194
- Sector 31-33, employment12,068
- Sector 31-33, average annual pay$75,618
- Sector 44-45, employment1,884
- Sector 44-45, average annual pay$32,839
- Sector 23, employment1,609
- Sector 23, average annual pay$80,255
- Sector 72, employment1,509
- Sector 72, average annual pay$16,623
- Sector 56, employment1,440
- Sector 42, employment1,189
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 31-33 | 12,068 | 126 | $75,618 |
| Sector 44-45 | 1,884 | 127 | $32,839 |
| Sector 23 | 1,609 | 118 | $80,255 |
| Sector 72 | 1,509 | 90 | $16,623 |
| Sector 56 | 1,440 | 62 | $41,970 |
| Sector 42 | 1,189 | 66 | $63,971 |
| Sector 81 | 576 | 85 | $34,236 |
| Sector 54 | 403 | 62 | $91,117 |
The largest sector is the biggest private employer group at 12,068 jobs, 45.3 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.
Shelby County
What businesses operate in Shelby County
- Establishments, all industries989
- Employment at those establishments24,487
- Annual payroll$1.49 bn
- Establishments per 1,000 residents20.6
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.
Shelby County
What is being built in Shelby County
- Housing units authorised by permit, 2024563
- Declared construction value permitted$74.4 m
- Single family units authorised113
- Multifamily units authorised450
- Multifamily share of units79.9 percent
- Average declared value per unit$132,145
- Units authorised per 1,000 households29.8
Multifamily is 79.9 percent of units authorised, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Shelby County
How much SBA lending happens in Shelby County
- 7(a) approvals recorded45
- 7(a) gross approval dollars$19.6 m
- Average 7(a) approval$435,607
- Median 7(a) approval$100,000
- 10th percentile approval$16,000
- 90th percentile approval$1,680,000
- Largest single approval$3,223,000
- Jobs reported supported, 7(a)173
- Jobs per approval3.8
- Distinct 7(a) lenders active16
- Distinct industries receiving approvals28
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer17.8 percent
- Loans on real estate terms8
- Loans on working capital terms, 120 months or shorter35
- Franchise loans5
- Franchise share of approvals11.1 percent
- Leading industry by approval countAll Other Miscellaneous General Purpose Machinery Manufacturing (4)
- Most active lenderU.S. Bank, National Association (17)
- 504 approvals recorded10
- 504 gross approval dollars$7.3 m
- Average 504 approval$725,100
- Median 504 approval$613,000
- Distinct CDCs active3
- 504 jobs per approval6.5
- 504 jobs per million dollars approved9.0
- Most active CDCWest Central Partnership, Inc. (5)
- 7(a) share of SBA approvals81.8 percent
- Combined SBA approval dollars$26.9 m
The average approval of $435,607 sits well above the median of $100,000, 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 17.8 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.
Shelby County
Do SBA loans in Shelby County get paid back
- Loans with a final outcome recorded16
- Paid in full16
- Charged off0
- Charge off rate on resolved loans0.0 percent
- Status: Cancelled6
- Status: Paid in full16
- Status: Exempt from disclosure22
- Status: Committed, not yet disbursed1
Of the 16 loans that have reached a final outcome, 0.0 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Shelby County
Which parts of Shelby County get the lending
- Places in the county with recorded lending10
- Sidney, approvals31
- ANNA, approvals4
- FORT LORAMIE, approvals2
- BOTKINS, approvals2
- WAPAKONETA, approvals1
- RUSSIA, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| Sidney | 31 | $17,533,500 |
| ANNA | 4 | $215,800 |
| FORT LORAMIE | 2 | $76,000 |
| BOTKINS | 2 | $1,015,000 |
| WAPAKONETA | 1 | $22,000 |
| RUSSIA | 1 | $40,000 |
| PIQUA | 1 | $100,000 |
| HOUSTON | 1 | $50,000 |
Sidney accounts for 31 approvals against 4 in ANNA. 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.
Shelby County
How big is Shelby County
- Land area408 sq mi
- Rank by land area among Ohio counties66th of 88
- Width, east to west22.8 mi
- Height, north to south20.7 mi
- Geographies sharing a boundary6
- Residents per square mile of land117
- Establishments per square mile2.42
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.
Shelby County
What hazards affect Shelby County
- EPA radon zone predicted average indoor radon screening level greater than 4 pCi/LZone 1
- Communities in the NFIP Community Status Book9
- Of those, participating in the NFIP6
- NFIP participation rate66.7 percent
- Communities carrying a CRS class0
The EPA places the county in radon zone 1, a predicted average indoor radon screening level greater than 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 Shelby 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 Shelby County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population47,929
- Households18,906
- Average household size2.54
- Median household income$73,978
- Median age40.3
Common questions
Shelby County questions, answered from the record.
How many people live in Shelby County, Ohio?
47,929, in 18,906 households, ranking 50th of 88 Ohio counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Shelby County growing?
The population has fallen 0.58 percent since the 2020 census base. In 2024 there were 575 births against 521 deaths, with net migration of 116. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Shelby County?
$73,978. The median owner-occupied home is valued at $208,100, which is 2.8 times income, and median gross rent is $922 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Shelby County?
989 establishments, employing 24,487 people with an annual payroll of $1.49 bn. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Shelby County?
Average annual pay is $62,089, or $1,194 a week, across 26,643 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Shelby County?
45 7(a) approvals totalling $19.6 m since FY2020, across 16 lenders, with a median approval of $100,000, plus 10 504 approvals worth $7.3 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Shelby County get paid back?
Of the 16 loans that have reached a final outcome, 16 were paid in full and 0 charged off, a charge off rate of 0.0 percent. Loans still running are excluded, because they have not yet succeeded or failed.
What is being built in Shelby County?
563 housing units were authorised by permit in 2024, with a declared construction value of $74.4 m. Multifamily was 79.9 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Shelby County?
Zone 1, a predicted average indoor radon screening level greater than 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 Shelby County come from?
The largest single origin is Shelby County Non-migrants, with 19,391 households. Arriving households report an average income of $48,237 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 Shelby 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 Shelby 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.