Hardeman County, Tennessee: commercial real estate data.
Hardeman County, Tennessee has a population of 25,433 across 668 square miles, down 0.1 percent since the 2020 census base. County output reached $820.8 m in 2024, 314 establishments operate here, and the SBA record carries 4 7(a) approvals worth $2.4 m.
106 sourced county values · tier FULL · 11 sections
Hardeman County
How many people live in Hardeman County
- Population25,433
- Households9,110
- Average household size2.79
- Median household income$46,069
- Median age40.1
- Median gross rent$812 per month
- Median owner-occupied home value$121,700
- Home value to household income2.6 times
- Annual rent as a share of median income21.2 percent
- Adults 25 and over with a bachelor degree or higher12.2 percent
- Adults 25 and over with a graduate degree3.7 percent
- Adults 25 and over18,383
- Population under 184,913
- Share under 1819.3 percent
- Population 65 and over4,751
- Share 65 and over18.7 percent
- Working age population, 18 to 6415,769
- Civilian labor force10,116
- Unemployment rate9.8 percent
- Labor force participation, adults 18 and over49.3 percent
- Rank by population among Tennessee counties59th of 95
- Rank by population among US county-equivalents1642nd
Hardeman County is the 59th largest of 95 Tennessee counties by population. A median home costs 2.6 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 19.3 percent against 18.7 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Hardeman County
Is Hardeman County growing
- Population change since the 2020 census base-0.11 percent
- Census 2020 base population25,461
- Births, 2024280
- Deaths, 2024417
- Natural change, 2024-137
- Net domestic migration, 202447
- Net international migration, 20241
- Total net migration, 202448
- Cumulative net domestic migration, 2021 to 2024485
- Rank by growth among US county-equivalents1878th
The county has lost 0.11 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.
Hardeman County
Where people moving to Hardeman County come from
- Tax returns filed by households arriving631
- People arriving, from those returns1,095
- Adjusted gross income arriving$25.1 m
- Net adjusted gross income movement$0
- Average income of an arriving household$39,799
- Largest single originHardeman County Non-migrants (8,368 households)
- Largest single destination (8,368 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Hardeman County Non-migrants | 8,368 | 16,374 | $388.9 m |
| Other flows - Different State | 204 | 359 | $9.7 m |
| Other flows - Same State | 192 | 295 | $4.5 m |
| Other flows - South | 132 | 222 | $6.1 m |
| Shelby County | 91 | 164 | $5.3 m |
| Fayette County | 71 | 138 | $3.6 m |
| Madison County | 53 | 94 | $1.5 m |
| Other flows - Midwest | 38 | 70 | $1.8 m |
The largest single source of arrivals is Hardeman 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.
Hardeman County
What the Hardeman County economy runs on
- County GDP, 2024$820.8 m
- County GDP, 2023$781.7 m
- GDP change, 2023 to 20245.0 percent
- GDP change over five years28.7 percent
- Rank by GDP among Tennessee counties63rd
- Rank by GDP among US county-equivalents2010th
- GDP per resident$32,274
Output grew 5.0 percent in the latest year and 28.7 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.
Hardeman County
Who employs people in Hardeman County
- Covered employment, annual average6,576
- Establishments reporting398
- Average annual pay$51,533
- Average weekly wage$991
- Sector 31-33, employment1,822
- Sector 31-33, average annual pay$65,964
- Sector 44-45, employment670
- Sector 44-45, average annual pay$28,742
- Sector 52, employment136
- Sector 52, average annual pay$54,050
- Sector 23, employment129
- Sector 23, average annual pay$58,855
- Sector 81, employment101
- Sector 48-49, employment92
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 31-33 | 1,822 | 25 | $65,964 |
| Sector 44-45 | 670 | 66 | $28,742 |
| Sector 52 | 136 | 34 | $54,050 |
| Sector 23 | 129 | 27 | $58,855 |
| Sector 81 | 101 | 26 | $31,761 |
| Sector 48-49 | 92 | 16 | $64,877 |
| Sector 42 | 79 | 14 | $67,325 |
| Sector 11 | 65 | 12 | $58,378 |
The largest sector is the biggest private employer group at 1,822 jobs, 27.7 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.
Hardeman County
What businesses operate in Hardeman County
- Establishments, all industries314
- Employment at those establishments4,404
- Annual payroll$232.5 m
- Establishments per 1,000 residents12.3
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.
Hardeman County
What is being built in Hardeman County
- Housing units authorised by permit, 202430
- Declared construction value permitted$6.8 m
- Single family units authorised28
- Multifamily units authorised2
- Multifamily share of units6.7 percent
- Average declared value per unit$228,222
- Units authorised per 1,000 households3.3
Multifamily is 6.7 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Hardeman County
How much SBA lending happens in Hardeman County
- 7(a) approvals recorded4
- 7(a) gross approval dollars$2.4 m
- Average 7(a) approval$608,025
- Median 7(a) approval$350,000
- 10th percentile approval$150,000
- 90th percentile approval$1,743,100
- Largest single approval$1,743,100
- Jobs reported supported, 7(a)38
- Jobs per approval9.5
- Distinct 7(a) lenders active4
- Distinct industries receiving approvals4
- Median 7(a) term300 months
- Share of loans on real estate terms, 240 months or longer50.0 percent
- Loans on real estate terms2
- Loans on working capital terms, 120 months or shorter1
- Franchise loans0
- Franchise share of approvals0.0 percent
- Leading industry by approval countAll Other Miscellaneous Wood Product Manufacturing (1)
- Most active lenderPinnacle Bank (1)
The average approval of $608,025 sits well above the median of $350,000, 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. 50.0 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.
Hardeman County
Do SBA loans in Hardeman County get paid back
- Loans with a final outcome recorded1
- Paid in full1
- Charged off0
- Status: Cancelled1
- Status: Paid in full1
- Status: Exempt from disclosure2
Too few loans have reached a final outcome to publish a charge off rate. only 1 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.
Hardeman County
Which parts of Hardeman County get the lending
- Places in the county with recorded lending2
- Bolivar, approvals3
- WHITEVILLE, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| Bolivar | 3 | $689,000 |
| WHITEVILLE | 1 | $1,743,100 |
Bolivar accounts for 3 approvals against 1 in WHITEVILLE. 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.
Hardeman County
How big is Hardeman County
- Land area668 sq mi
- Rank by land area among Tennessee counties5th of 95
- Width, east to west23.6 mi
- Height, north to south30.3 mi
- Geographies sharing a boundary5
- Residents per square mile of land38
- Establishments per square mile0.47
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 504 approvals recorded in this county in the FOIA release covering FY2010 onward.
- 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 Hardeman 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 Hardeman County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population25,433
- Households9,110
- Average household size2.79
- Median household income$46,069
- Median age40.1
Common questions
Hardeman County questions, answered from the record.
How many people live in Hardeman County, Tennessee?
25,433, in 9,110 households, ranking 59th of 95 Tennessee counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Hardeman County growing?
The population has fallen 0.11 percent since the 2020 census base. In 2024 there were 280 births against 417 deaths, with net migration of 48. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Hardeman County?
$46,069. The median owner-occupied home is valued at $121,700, which is 2.6 times income, and median gross rent is $812 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Hardeman County?
314 establishments, employing 4,404 people with an annual payroll of $232.5 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 Hardeman County?
Average annual pay is $51,533, or $991 a week, across 6,576 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Hardeman County?
4 7(a) approvals totalling $2.4 m since FY2020, across 4 lenders, with a median approval of $350,000. These are approvals recorded in the release, not loans disbursed.
What is being built in Hardeman County?
30 housing units were authorised by permit in 2024, with a declared construction value of $6.8 m. Multifamily was 6.7 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Hardeman 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 Hardeman County come from?
The largest single origin is Hardeman County Non-migrants, with 8,368 households. Arriving households report an average income of $39,799 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 Hardeman 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 Hardeman 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.