McLennan County, Texas: commercial real estate data.
McLennan County, Texas has a population of 266,067 across 1,037 square miles, up 3.8 percent since the 2020 census base. County output reached $18.48 bn in 2024, 5,928 establishments operate here, and the SBA record carries 235 7(a) approvals worth $183.3 m.
128 sourced county values · tier FULL · 12 sections
McLennan County
How many people live in McLennan County
- Population266,067
- Households97,338
- Average household size2.73
- Median household income$66,643
- Median age34.0
- Median gross rent$1,173 per month
- Median owner-occupied home value$243,600
- Home value to household income3.7 times
- Annual rent as a share of median income21.1 percent
- Adults 25 and over with a bachelor degree or higher28.7 percent
- Adults 25 and over with a graduate degree11.4 percent
- Adults 25 and over164,313
- Population under 1863,736
- Share under 1824.0 percent
- Population 65 and over40,771
- Share 65 and over15.3 percent
- Working age population, 18 to 64161,560
- Civilian labor force131,587
- Unemployment rate4.5 percent
- Labor force participation, adults 18 and over65.0 percent
- Rank by population among Texas counties21st of 254
- Rank by population among US county-equivalents272nd
McLennan County is the 21st largest of 254 Texas counties by population. A median home costs 3.7 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 15.3 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
McLennan County
Is McLennan County growing
- Population change since the 2020 census base3.75 percent
- Census 2020 base population260,582
- Births, 20243,352
- Deaths, 20242,538
- Natural change, 2024814
- Net domestic migration, 2024-184
- Net international migration, 2024939
- Total net migration, 2024755
- Cumulative net domestic migration, 2021 to 20244,462
- Rank by growth among US county-equivalents738th
The county has grown 3.75 percent since the 2020 census base.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
McLennan County
Where people moving to McLennan County come from
- Tax returns filed by households arriving6,122
- People arriving, from those returns11,339
- Adjusted gross income arriving$419.6 m
- Net adjusted gross income movement$0
- Average income of an arriving household$68,542
- Largest single originMcLennan County Non-migrants (90,476 households)
- Largest single destination (90,476 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| McLennan County Non-migrants | 90,476 | 190,369 | $6.98 bn |
| Other flows - Different State | 1,849 | 3,534 | $127.9 m |
| Other flows - Same State | 675 | 1,181 | $38.5 m |
| Other flows - South | 668 | 1,222 | $39.4 m |
| Other flows - West | 634 | 1,314 | $51.0 m |
| Bell County | 455 | 881 | $21.8 m |
| Other flows - Midwest | 386 | 730 | $28.3 m |
| Tarrant County | 272 | 490 | $16.8 m |
The largest single source of arrivals is McLennan 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.
McLennan County
What the McLennan County economy runs on
- County GDP, 2024$18.48 bn
- County GDP, 2023$17.44 bn
- GDP change, 2023 to 20245.9 percent
- GDP change over five years40.5 percent
- Rank by GDP among Texas counties20th
- Rank by GDP among US county-equivalents278th
- GDP per resident$69,453
Output grew 5.9 percent in the latest year and 40.5 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.
McLennan County
Who employs people in McLennan County
- Covered employment, annual average122,697
- Establishments reporting6,039
- Average annual pay$60,387
- Average weekly wage$1,161
- Sector 31-33, employment15,864
- Sector 31-33, average annual pay$78,674
- Sector 62, employment15,374
- Sector 62, average annual pay$62,152
- Sector 44-45, employment13,140
- Sector 44-45, average annual pay$39,307
- Sector 72, employment12,776
- Sector 72, average annual pay$22,465
- Sector 23, employment8,489
- Sector 56, employment6,389
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 31-33 | 15,864 | 296 | $78,674 |
| Sector 62 | 15,374 | 620 | $62,152 |
| Sector 44-45 | 13,140 | 809 | $39,307 |
| Sector 72 | 12,776 | 606 | $22,465 |
| Sector 23 | 8,489 | 598 | $65,677 |
| Sector 56 | 6,389 | 398 | $40,488 |
| Sector 42 | 5,784 | 288 | $73,533 |
| Sector 52 | 5,251 | 396 | $82,855 |
The largest sector is the biggest private employer group at 15,864 jobs, 12.9 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.
McLennan County
What businesses operate in McLennan County
- Establishments, all industries5,928
- Employment at those establishments111,600
- Annual payroll$5.68 bn
- Establishments per 1,000 residents22.3
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.
McLennan County
What is being built in McLennan County
- Housing units authorised by permit, 20241,046
- Declared construction value permitted$272.4 m
- Single family units authorised744
- Multifamily units authorised302
- Multifamily share of units28.9 percent
- Average declared value per unit$260,391
- Units authorised per 1,000 households10.7
Multifamily is 28.9 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
McLennan County
How much SBA lending happens in McLennan County
- 7(a) approvals recorded235
- 7(a) gross approval dollars$183.3 m
- Average 7(a) approval$779,989
- Median 7(a) approval$309,600
- 10th percentile approval$28,700
- 90th percentile approval$2,295,000
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)3,000
- Jobs per approval12.8
- Distinct 7(a) lenders active78
- Distinct industries receiving approvals102
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer23.8 percent
- Loans on real estate terms56
- Loans on working capital terms, 120 months or shorter158
- Franchise loans78
- Franchise share of approvals33.2 percent
- Leading industry by approval countGasoline Stations with Convenience Stores (13)
- Most active lenderThe First National Bank of McGregor d/b/a TFNB Your Bank for Life (58)
- 504 approvals recorded21
- 504 gross approval dollars$34.2 m
- Average 504 approval$1,628,143
- Median 504 approval$830,000
- Distinct CDCs active11
- 504 jobs per approval17.8
- 504 jobs per million dollars approved10.9
- Most active CDCCapital Certified Development Corporation (8)
- 7(a) share of SBA approvals91.8 percent
- Combined SBA approval dollars$217.5 m
The average approval of $779,989 sits well above the median of $309,600, 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 23.8 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.
McLennan County
Do SBA loans in McLennan County get paid back
- Loans with a final outcome recorded56
- Paid in full44
- Charged off12
- Charge off rate on resolved loans21.4 percent
- Status: Exempt from disclosure138
- Status: Paid in full44
- Status: Cancelled35
- Status: Charged off12
- Status: Committed, not yet disbursed6
Of the 56 loans that have reached a final outcome, 21.4 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.
McLennan County
Which parts of McLennan County get the lending
- Places in the county with recorded lending17
- Waco, approvals132
- Woodway, approvals37
- Lorena, approvals16
- Hewitt, approvals15
- Robinson, approvals7
- China Spring, approvals5
| Place | Approvals | Gross approval dollars |
|---|---|---|
| Waco | 132 | $119,548,500 |
| Woodway | 37 | $27,629,100 |
| Lorena | 16 | $3,831,800 |
| Hewitt | 15 | $5,583,200 |
| Robinson | 7 | $9,469,200 |
| China Spring | 5 | $1,404,400 |
| Elm Mott | 5 | $4,249,700 |
| West | 3 | $1,130,000 |
Waco accounts for 132 approvals against 37 in Woodway. 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.
McLennan County
How big is McLennan County
- Land area1,037 sq mi
- Rank by land area among Texas counties66th of 254
- Width, east to west47.4 mi
- Height, north to south42.7 mi
- Geographies sharing a boundary6
- Residents per square mile of land257
- Establishments per square mile5.72
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.
McLennan County
What hazards affect McLennan County
- EPA radon zone predicted average indoor radon screening level less than 2 pCi/LZone 3
- Communities in the NFIP Community Status Book21
- Of those, participating in the NFIP19
- NFIP participation rate90.5 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 McLennan 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 McLennan County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population266,067
- Households97,338
- Average household size2.73
- Median household income$66,643
- Median age34.0
Common questions
McLennan County questions, answered from the record.
How many people live in McLennan County, Texas?
266,067, in 97,338 households, ranking 21st of 254 Texas counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is McLennan County growing?
The population has grown 3.75 percent since the 2020 census base. In 2024 there were 3,352 births against 2,538 deaths, with net migration of 755. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in McLennan County?
$66,643. The median owner-occupied home is valued at $243,600, which is 3.7 times income, and median gross rent is $1,173 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in McLennan County?
5,928 establishments, employing 111,600 people with an annual payroll of $5.68 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 McLennan County?
Average annual pay is $60,387, or $1,161 a week, across 122,697 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in McLennan County?
235 7(a) approvals totalling $183.3 m since FY2020, across 78 lenders, with a median approval of $309,600, plus 21 504 approvals worth $34.2 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in McLennan County get paid back?
Of the 56 loans that have reached a final outcome, 44 were paid in full and 12 charged off, a charge off rate of 21.4 percent. Loans still running are excluded, because they have not yet succeeded or failed.
What is being built in McLennan County?
1,046 housing units were authorised by permit in 2024, with a declared construction value of $272.4 m. Multifamily was 28.9 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for McLennan 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 McLennan County come from?
The largest single origin is McLennan County Non-migrants, with 90,476 households. Arriving households report an average income of $68,542 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 McLennan 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 McLennan 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.