Botetourt County, Virginia: commercial real estate data.
Botetourt County, Virginia has a population of 34,004 across 541 square miles, up 1.6 percent since the 2020 census base. County output reached $1.88 bn in 2024, 776 establishments operate here, and the SBA record carries 16 7(a) approvals worth $18.4 m.
121 sourced county values · tier FULL · 11 sections
Botetourt County
How many people live in Botetourt County
- Population34,004
- Households13,220
- Average household size2.57
- Median household income$81,213
- Median age48.1
- Median gross rent$1,035 per month
- Median owner-occupied home value$289,200
- Home value to household income3.6 times
- Annual rent as a share of median income15.3 percent
- Adults 25 and over with a bachelor degree or higher28.5 percent
- Adults 25 and over with a graduate degree11.4 percent
- Adults 25 and over25,338
- Population under 186,324
- Share under 1818.6 percent
- Population 65 and over8,272
- Share 65 and over24.3 percent
- Working age population, 18 to 6419,408
- Civilian labor force16,197
- Unemployment rate2.4 percent
- Labor force participation, adults 18 and over58.5 percent
- Rank by population among Virginia counties50th of 133
- Rank by population among US county-equivalents1365th
Botetourt County is the 50th largest of 133 Virginia counties by population. A median home costs 3.6 times median household income, which is an affordable ownership market by national standards. Residents 65 and over outnumber those under 18, at 24.3 percent against 18.6 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.
Botetourt County
Is Botetourt County growing
- Population change since the 2020 census base1.60 percent
- Census 2020 base population33,592
- Births, 2024265
- Deaths, 2024388
- Natural change, 2024-123
- Net domestic migration, 202488
- Net international migration, 202411
- Total net migration, 202499
- Cumulative net domestic migration, 2021 to 20241,135
- Rank by growth among US county-equivalents1305th
The county has grown 1.60 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.
Botetourt County
Where people moving to Botetourt County come from
- Tax returns filed by households arriving1,033
- People arriving, from those returns1,920
- Adjusted gross income arriving$74.3 m
- Net adjusted gross income movement$0
- Average income of an arriving household$71,923
- Largest single originBotetourt County Non-migrants (13,201 households)
- Largest single destination (13,201 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Botetourt County Non-migrants | 13,201 | 27,615 | $1.21 bn |
| Other flows - Different State | 294 | 570 | $24.2 m |
| Roanoke County | 251 | 453 | $18.3 m |
| Other flows - Same State | 221 | 411 | $17.5 m |
| Roanoke city | 192 | 344 | $10.8 m |
| Other flows - South | 165 | 302 | $14.2 m |
| Other flows - West | 58 | 128 | $4.3 m |
| Other flows - Northeast | 44 | 84 | $3.8 m |
The largest single source of arrivals is Botetourt 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.
Botetourt County
What the Botetourt County economy runs on
- County GDP, 2024$1.88 bn
- County GDP, 2023$1.78 bn
- GDP change, 2023 to 20245.6 percent
- GDP change over five years40.1 percent
- Rank by GDP among Virginia counties48th
- Rank by GDP among US county-equivalents1338th
- GDP per resident$55,360
Output grew 5.6 percent in the latest year and 40.1 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.
Botetourt County
Who employs people in Botetourt County
- Covered employment, annual average11,729
- Establishments reporting982
- Average annual pay$58,347
- Average weekly wage$1,122
- Sector 31-33, employment2,426
- Sector 31-33, average annual pay$68,721
- Sector 42, employment1,584
- Sector 42, average annual pay$71,724
- Sector 56, employment912
- Sector 56, average annual pay$43,335
- Sector 72, employment842
- Sector 72, average annual pay$23,644
- Sector 44-45, employment775
- Sector 23, employment750
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 31-33 | 2,426 | 43 | $68,721 |
| Sector 42 | 1,584 | 41 | $71,724 |
| Sector 56 | 912 | 73 | $43,335 |
| Sector 72 | 842 | 52 | $23,644 |
| Sector 44-45 | 775 | 73 | $33,046 |
| Sector 23 | 750 | 117 | $62,489 |
| Sector 54 | 288 | 116 | $68,680 |
| Sector 81 | 214 | 81 | $52,589 |
The largest sector is the biggest private employer group at 2,426 jobs, 20.7 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.
Botetourt County
What businesses operate in Botetourt County
- Establishments, all industries776
- Employment at those establishments12,180
- Annual payroll$657.8 m
- Establishments per 1,000 residents22.8
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.
Botetourt County
What is being built in Botetourt County
- Housing units authorised by permit, 2024116
- Declared construction value permitted$39.7 m
- Single family units authorised116
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$342,099
- Units authorised per 1,000 households8.8
Multifamily is 0.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Botetourt County
How much SBA lending happens in Botetourt County
- 7(a) approvals recorded16
- 7(a) gross approval dollars$18.4 m
- Average 7(a) approval$1,152,281
- Median 7(a) approval$400,000
- 10th percentile approval$73,200
- 90th percentile approval$4,775,000
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)136
- Jobs per approval8.5
- Distinct 7(a) lenders active12
- Distinct industries receiving approvals15
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer18.8 percent
- Loans on real estate terms3
- Loans on working capital terms, 120 months or shorter12
- Franchise loans2
- Franchise share of approvals12.5 percent
- Leading industry by approval countOther Building Material Dealers (2)
- Most active lenderFirst Bank (3)
- 504 approvals recorded3
- 504 gross approval dollars$2.8 m
- Average 504 approval$946,000
- Median 504 approval$560,000
- Distinct CDCs active2
- 504 jobs per approval21.0
- 504 jobs per million dollars approved22.2
- Most active CDCRappahannock Economic Development Corporation (2)
- 7(a) share of SBA approvals84.2 percent
- Combined SBA approval dollars$21.3 m
The average approval of $1,152,281 sits well above the median of $400,000, 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 18.8 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.
Botetourt County
Do SBA loans in Botetourt County get paid back
- Loans with a final outcome recorded5
- Paid in full4
- Charged off1
- Status: Paid in full4
- Status: Exempt from disclosure8
- Status: Cancelled3
- Status: Charged off1
Too few loans have reached a final outcome to publish a charge off rate. only 5 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.
Botetourt County
Which parts of Botetourt County get the lending
- Places in the county with recorded lending6
- TROUTVILLE, approvals7
- Roanoke, approvals3
- Daleville, approvals2
- BUCHANAN, approvals2
- CLOVERDALE, approvals1
- Blue Ridge, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| TROUTVILLE | 7 | $10,555,200 |
| Roanoke | 3 | $1,100,000 |
| Daleville | 2 | $661,900 |
| BUCHANAN | 2 | $5,636,000 |
| CLOVERDALE | 1 | $400,000 |
| Blue Ridge | 1 | $83,400 |
TROUTVILLE accounts for 7 approvals against 3 in Roanoke. 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.
Botetourt County
How big is Botetourt County
- Land area541 sq mi
- Rank by land area among Virginia counties15th of 133
- Width, east to west31.6 mi
- Height, north to south34 mi
- Geographies sharing a boundary5
- Residents per square mile of land63
- Establishments per square mile1.43
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 Botetourt 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 Botetourt County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population34,004
- Households13,220
- Average household size2.57
- Median household income$81,213
- Median age48.1
Common questions
Botetourt County questions, answered from the record.
How many people live in Botetourt County, Virginia?
34,004, in 13,220 households, ranking 50th of 133 Virginia counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Botetourt County growing?
The population has grown 1.60 percent since the 2020 census base. In 2024 there were 265 births against 388 deaths, with net migration of 99. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Botetourt County?
$81,213. The median owner-occupied home is valued at $289,200, which is 3.6 times income, and median gross rent is $1,035 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Botetourt County?
776 establishments, employing 12,180 people with an annual payroll of $657.8 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 Botetourt County?
Average annual pay is $58,347, or $1,122 a week, across 11,729 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Botetourt County?
16 7(a) approvals totalling $18.4 m since FY2020, across 12 lenders, with a median approval of $400,000, plus 3 504 approvals worth $2.8 m. These are approvals recorded in the release, not loans disbursed.
What is being built in Botetourt County?
116 housing units were authorised by permit in 2024, with a declared construction value of $39.7 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Botetourt 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 Botetourt County come from?
The largest single origin is Botetourt County Non-migrants, with 13,201 households. Arriving households report an average income of $71,923 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 Botetourt 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 Botetourt 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.