Davidson County, Tennessee: commercial real estate data.
Davidson County, Tennessee has a population of 715,388 across 504 square miles, up 1.9 percent since the 2020 census base. County output reached $116.88 bn in 2024, 22,122 establishments operate here, and the SBA record carries 859 7(a) approvals worth $474.2 m.
123 sourced county values · tier FULL · 11 sections
Davidson County
How many people live in Davidson County
- Population715,388
- Households324,907
- Average household size2.20
- Median household income$77,853
- Median age34.6
- Median gross rent$1,582 per month
- Median owner-occupied home value$417,400
- Home value to household income5.4 times
- Annual rent as a share of median income24.4 percent
- Adults 25 and over with a bachelor degree or higher48.4 percent
- Adults 25 and over with a graduate degree18.7 percent
- Adults 25 and over497,686
- Population under 18148,391
- Share under 1820.7 percent
- Population 65 and over92,450
- Share 65 and over12.9 percent
- Working age population, 18 to 64474,547
- Civilian labor force421,061
- Unemployment rate4.5 percent
- Labor force participation, adults 18 and over74.3 percent
- Rank by population among Tennessee counties2nd of 95
- Rank by population among US county-equivalents94th
Davidson County is the 2nd largest of 95 Tennessee counties by population. A median home costs 5.4 times median household income, which is a stretched ownership market and usually shows up as rental demand. Residents under 18 outnumber those 65 and over, at 20.7 percent against 12.9 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Davidson County
Is Davidson County growing
- Population change since the 2020 census base1.90 percent
- Census 2020 base population715,884
- Births, 202410,197
- Deaths, 20245,758
- Natural change, 20244,439
- Net domestic migration, 2024-2,741
- Net international migration, 20248,789
- Total net migration, 20246,048
- Cumulative net domestic migration, 2021 to 2024-24,642
- Rank by growth among US county-equivalents1202nd
The county has grown 1.90 percent 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.
Davidson County
Where people moving to Davidson County come from
- Tax returns filed by households arriving30,425
- People arriving, from those returns43,240
- Adjusted gross income arriving$2.94 bn
- Net adjusted gross income movement$0
- Average income of an arriving household$96,633
- Largest single originDavidson County Non-migrants (269,761 households)
- Largest single destination (269,761 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Davidson County Non-migrants | 269,761 | 480,962 | $32.36 bn |
| Other flows - Different State | 5,440 | 7,372 | $461.4 m |
| Other flows - South | 2,536 | 3,500 | $224.7 m |
| Rutherford County | 2,180 | 3,421 | $99.7 m |
| Williamson County | 1,934 | 3,000 | $241.8 m |
| Other flows - Midwest | 1,418 | 1,870 | $111.3 m |
| Sumner County | 1,253 | 1,972 | $97.3 m |
| Wilson County | 983 | 1,498 | $62.5 m |
The largest single source of arrivals is Davidson 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.
Davidson County
What the Davidson County economy runs on
- County GDP, 2024$116.88 bn
- County GDP, 2023$108.44 bn
- GDP change, 2023 to 20247.8 percent
- GDP change over five years53.9 percent
- Rank by GDP among Tennessee counties1st
- Rank by GDP among US county-equivalents50th
- GDP per resident$163,378
Output grew 7.8 percent in the latest year and 53.9 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.
Davidson County
Who employs people in Davidson County
- Covered employment, annual average555,405
- Establishments reporting34,919
- Average annual pay$83,096
- Average weekly wage$1,598
- Sector 62, employment87,318
- Sector 62, average annual pay$86,091
- Sector 72, employment58,936
- Sector 72, average annual pay$37,430
- Sector 56, employment44,748
- Sector 56, average annual pay$55,260
- Sector 54, employment44,341
- Sector 54, average annual pay$131,252
- Sector 44-45, employment42,389
- Sector 23, employment31,213
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 62 | 87,318 | 3,021 | $86,091 |
| Sector 72 | 58,936 | 2,639 | $37,430 |
| Sector 56 | 44,748 | 2,237 | $55,260 |
| Sector 54 | 44,341 | 5,832 | $131,252 |
| Sector 44-45 | 42,389 | 3,130 | $50,367 |
| Sector 23 | 31,213 | 2,017 | $89,451 |
| Sector 48-49 | 30,355 | 841 | $69,380 |
| Sector 42 | 23,421 | 2,306 | $98,408 |
The largest sector is the biggest private employer group at 87,318 jobs, 15.7 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.
Davidson County
What businesses operate in Davidson County
- Establishments, all industries22,122
- Employment at those establishments526,927
- Annual payroll$38.66 bn
- Establishments per 1,000 residents30.9
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.
Davidson County
What is being built in Davidson County
- Housing units authorised by permit, 20246,880
- Declared construction value permitted$1.34 bn
- Single family units authorised2,722
- Multifamily units authorised4,158
- Multifamily share of units60.4 percent
- Average declared value per unit$194,573
- Units authorised per 1,000 households21.2
Multifamily is 60.4 percent of units authorised, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Davidson County
How much SBA lending happens in Davidson County
- 7(a) approvals recorded859
- 7(a) gross approval dollars$474.2 m
- Average 7(a) approval$551,981
- Median 7(a) approval$250,000
- 10th percentile approval$34,000
- 90th percentile approval$1,459,000
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)10,510
- Jobs per approval12.2
- Distinct 7(a) lenders active116
- Distinct industries receiving approvals250
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer8.1 percent
- Loans on real estate terms70
- Loans on working capital terms, 120 months or shorter702
- Franchise loans165
- Franchise share of approvals19.2 percent
- Leading industry by approval countFull-Service Restaurants (48)
- Most active lenderU.S. Bank, National Association (123)
- 504 approvals recorded61
- 504 gross approval dollars$71.4 m
- Average 504 approval$1,171,049
- Median 504 approval$567,000
- Distinct CDCs active7
- 504 jobs per approval14.6
- 504 jobs per million dollars approved12.5
- Most active CDCMid-Cumberland Area Development Corporation (27)
- 7(a) share of SBA approvals93.4 percent
- Combined SBA approval dollars$545.6 m
The average approval of $551,981 sits well above the median of $250,000, 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 8.1 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.
Davidson County
Do SBA loans in Davidson County get paid back
- Loans with a final outcome recorded138
- Paid in full128
- Charged off10
- Charge off rate on resolved loans7.2 percent
- Status: Exempt from disclosure546
- Status: Paid in full128
- Status: Cancelled129
- Status: Charged off10
- Status: Committed, not yet disbursed46
Of the 138 loans that have reached a final outcome, 7.2 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.
Davidson County
Which parts of Davidson County get the lending
- Places in the county with recorded lending20
- NASHVILLE, approvals680
- ANTIOCH, approvals42
- HERMITAGE, approvals41
- MADISON, approvals27
- GOODLETTSVILLE, approvals21
- OLD HICKORY, approvals17
| Place | Approvals | Gross approval dollars |
|---|---|---|
| NASHVILLE | 680 | $405,380,300 |
| ANTIOCH | 42 | $15,094,000 |
| HERMITAGE | 41 | $13,243,100 |
| MADISON | 27 | $10,175,200 |
| GOODLETTSVILLE | 21 | $5,836,500 |
| OLD HICKORY | 17 | $9,084,900 |
| Brentwood | 10 | $2,249,900 |
| FRANKLIN | 4 | $3,405,800 |
NASHVILLE accounts for 680 approvals against 42 in ANTIOCH. 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.
Davidson County
How big is Davidson County
- Land area504 sq mi
- Rank by land area among Tennessee counties37th of 95
- Width, east to west30.1 mi
- Height, north to south30.2 mi
- Geographies sharing a boundary6
- Residents per square mile of land1,419
- Establishments per square mile43.89
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.
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.
- No NFIP communities are listed for this county in the FEMA Community Status Book.
- 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 Davidson 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 Davidson County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population715,388
- Households324,907
- Average household size2.20
- Median household income$77,853
- Median age34.6
Common questions
Davidson County questions, answered from the record.
How many people live in Davidson County, Tennessee?
715,388, in 324,907 households, ranking 2nd of 95 Tennessee counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Davidson County growing?
The population has grown 1.90 percent since the 2020 census base. In 2024 there were 10,197 births against 5,758 deaths, with net migration of 6,048. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Davidson County?
$77,853. The median owner-occupied home is valued at $417,400, which is 5.4 times income, and median gross rent is $1,582 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Davidson County?
22,122 establishments, employing 526,927 people with an annual payroll of $38.66 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 Davidson County?
Average annual pay is $83,096, or $1,598 a week, across 555,405 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Davidson County?
859 7(a) approvals totalling $474.2 m since FY2020, across 116 lenders, with a median approval of $250,000, plus 61 504 approvals worth $71.4 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Davidson County get paid back?
Of the 138 loans that have reached a final outcome, 128 were paid in full and 10 charged off, a charge off rate of 7.2 percent. Loans still running are excluded, because they have not yet succeeded or failed.
What is being built in Davidson County?
6,880 housing units were authorised by permit in 2024, with a declared construction value of $1.34 bn. Multifamily was 60.4 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Davidson 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 Davidson County come from?
The largest single origin is Davidson County Non-migrants, with 269,761 households. Arriving households report an average income of $96,633 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 Davidson 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 Davidson 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.