Mills County, Texas: commercial real estate data.
Mills County, Texas has a population of 4,511 across 748 square miles, up 2.4 percent since the 2020 census base. County output reached $350.7 m in 2024, 129 establishments operate here, and the SBA record carries 3 7(a) approvals worth $4.9 m.
103 sourced county values · tier FULL · 11 sections
Mills County
How many people live in Mills County
- Population4,511
- Households1,799
- Average household size2.51
- Median household income$67,620
- Median age47.9
- Median gross rent$708 per month
- Median owner-occupied home value$223,700
- Home value to household income3.3 times
- Annual rent as a share of median income12.6 percent
- Adults 25 and over with a bachelor degree or higher27.9 percent
- Adults 25 and over with a graduate degree9.0 percent
- Adults 25 and over3,295
- Population under 18930
- Share under 1820.6 percent
- Population 65 and over1,168
- Share 65 and over25.9 percent
- Working age population, 18 to 642,413
- Civilian labor force2,099
- Unemployment rate3.2 percent
- Labor force participation, adults 18 and over58.6 percent
- Rank by population among Texas counties206th of 254
- Rank by population among US county-equivalents2934th
Mills County is the 206th largest of 254 Texas counties by population. A median home costs 3.3 times median household income, which is an affordable ownership market by national standards. Residents 65 and over outnumber those under 18, at 25.9 percent against 20.6 percent, which points demand at health care, services and single storey product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Mills County
Is Mills County growing
- Population change since the 2020 census base2.42 percent
- Census 2020 base population4,455
- Births, 202434
- Deaths, 202493
- Natural change, 2024-59
- Net domestic migration, 202468
- Net international migration, 20246
- Total net migration, 202474
- Cumulative net domestic migration, 2021 to 2024308
- Rank by growth among US county-equivalents1029th
The county has grown 2.42 percent 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.
Mills County
Where people moving to Mills County come from
- Tax returns filed by households arriving137
- People arriving, from those returns277
- Adjusted gross income arriving$14.0 m
- Net adjusted gross income movement$0
- Average income of an arriving household$101,949
- Largest single originMills County Non-migrants (1,691 households)
- Largest single destination (1,691 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Mills County Non-migrants | 1,691 | 3,484 | $120.0 m |
| Other flows - Same State | 137 | 277 | $14.0 m |
The largest single source of arrivals is Mills 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.
Mills County
What the Mills County economy runs on
- County GDP, 2024$350.7 m
- County GDP, 2023$365.4 m
- GDP change, 2023 to 2024-4.0 percent
- GDP change over five years54.2 percent
- Rank by GDP among Texas counties209th
- Rank by GDP among US county-equivalents2627th
- GDP per resident$77,743
Output grew -4.0 percent in the latest year and 54.2 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.
Mills County
Who employs people in Mills County
- Covered employment, annual average1,289
- Establishments reporting150
- Average annual pay$43,243
- Average weekly wage$832
- Sector 44-45, employment204
- Sector 44-45, average annual pay$42,206
- Sector 62, employment148
- Sector 62, average annual pay$35,619
- Sector 23, employment85
- Sector 23, average annual pay$42,109
- Sector 42, employment57
- Sector 42, average annual pay$38,332
- Sector 11, employment52
- Sector 31-33, employment50
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 44-45 | 204 | 22 | $42,206 |
| Sector 62 | 148 | 10 | $35,619 |
| Sector 23 | 85 | 22 | $42,109 |
| Sector 42 | 57 | 6 | $38,332 |
| Sector 11 | 52 | 16 | $39,101 |
| Sector 31-33 | 50 | 7 | $52,602 |
| Sector 52 | 47 | 3 | $77,080 |
| Sector 54 | 24 | 6 | $36,813 |
The largest sector is the biggest private employer group at 204 jobs, 15.8 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.
Mills County
What businesses operate in Mills County
- Establishments, all industries129
- Employment at those establishments1,049
- Annual payroll$41.8 m
- Establishments per 1,000 residents28.6
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.
Mills County
How much SBA lending happens in Mills County
- 7(a) approvals recorded3
- 7(a) gross approval dollars$4.9 m
- Average 7(a) approval$1,626,667
- Median 7(a) approval$1,284,000
- 10th percentile approval$840,000
- 90th percentile approval$2,756,000
- Largest single approval$2,756,000
- Jobs reported supported, 7(a)65
- Jobs per approval21.7
- Distinct 7(a) lenders active3
- Distinct industries receiving approvals3
- Median 7(a) term300 months
- Share of loans on real estate terms, 240 months or longer100.0 percent
- Loans on real estate terms3
- Loans on working capital terms, 120 months or shorter0
- Franchise loans1
- Franchise share of approvals33.3 percent
- Leading industry by approval countHotels (except Casino Hotels) and Motels (1)
- Most active lenderGolden Bank National Association (1)
The average approval of $1,626,667 sits close to the median of $1,284,000, so lending here is fairly evenly sized rather than driven by a few large deals. 100.0 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.
Mills County
Do SBA loans in Mills County get paid back
- Loans with a final outcome recorded1
- Paid in full1
- Charged off0
- 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.
Mills County
Which parts of Mills County get the lending
- Places in the county with recorded lending2
- GOLDTHWAITE, approvals2
- Brownwood, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| GOLDTHWAITE | 2 | $2,124,000 |
| Brownwood | 1 | $2,756,000 |
GOLDTHWAITE accounts for 2 approvals against 1 in Brownwood. 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.
Mills County
How big is Mills County
- Land area748 sq mi
- Rank by land area among Texas counties208th of 254
- Width, east to west42.8 mi
- Height, north to south34 mi
- Geographies sharing a boundary5
- Residents per square mile of land6
- Establishments per square mile0.17
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.
Mills County
What hazards affect Mills County
- EPA radon zone predicted average indoor radon screening level less than 2 pCi/LZone 3
- Communities in the NFIP Community Status Book2
- Of those, participating in the NFIP1
- NFIP participation rate50.0 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.
- No 504 approvals recorded in this county in the FOIA release covering FY2010 onward.
- The Building Permits Survey does not carry a 2024 record for this county.
- 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 Mills 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 Mills County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population4,511
- Households1,799
- Average household size2.51
- Median household income$67,620
- Median age47.9
Common questions
Mills County questions, answered from the record.
How many people live in Mills County, Texas?
4,511, in 1,799 households, ranking 206th of 254 Texas counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Mills County growing?
The population has grown 2.42 percent since the 2020 census base. In 2024 there were 34 births against 93 deaths, with net migration of 74. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Mills County?
$67,620. The median owner-occupied home is valued at $223,700, which is 3.3 times income, and median gross rent is $708 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Mills County?
129 establishments, employing 1,049 people with an annual payroll of $41.8 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 Mills County?
Average annual pay is $43,243, or $832 a week, across 1,289 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Mills County?
3 7(a) approvals totalling $4.9 m since FY2020, across 3 lenders, with a median approval of $1,284,000. These are approvals recorded in the release, not loans disbursed.
What is the radon zone for Mills 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 Mills County come from?
The largest single origin is Mills County Non-migrants, with 1,691 households. Arriving households report an average income of $101,949 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 Mills 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 Mills 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.