Craig County, Virginia: commercial real estate data.
Craig County, Virginia has a population of 4,856 across 330 square miles, down 1.4 percent since the 2020 census base. County output reached $152.0 m in 2024, 64 establishments operate here, and the SBA record carries 3 7(a) approvals worth $2.4 m.
93 sourced county values · tier FULL · 10 sections
Craig County
How many people live in Craig County
- Population4,856
- Households1,735
- Average household size2.80
- Median household income$69,057
- Median age46.3
- Median gross rent$713 per month
- Median owner-occupied home value$189,000
- Home value to household income2.7 times
- Annual rent as a share of median income12.4 percent
- Adults 25 and over with a bachelor degree or higher19.1 percent
- Adults 25 and over with a graduate degree7.8 percent
- Adults 25 and over3,462
- Population under 181,122
- Share under 1823.1 percent
- Population 65 and over915
- Share 65 and over18.8 percent
- Working age population, 18 to 642,819
- Civilian labor force2,027
- Unemployment rate2.2 percent
- Labor force participation, adults 18 and over54.3 percent
- Rank by population among Virginia counties130th of 133
- Rank by population among US county-equivalents2910th
Craig County is the 130th largest of 133 Virginia counties by population. A median home costs 2.7 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 23.1 percent against 18.8 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Craig County
Is Craig County growing
- Population change since the 2020 census base-1.37 percent
- Census 2020 base population4,896
- Births, 202436
- Deaths, 202479
- Natural change, 2024-43
- Net domestic migration, 202445
- Net international migration, 20240
- Total net migration, 202445
- Cumulative net domestic migration, 2021 to 202484
- Rank by growth among US county-equivalents2319th
The county has lost 1.37 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.
Craig County
Where people moving to Craig County come from
- Tax returns filed by households arriving74
- People arriving, from those returns126
- Adjusted gross income arriving$3.5 m
- Net adjusted gross income movement$0
- Average income of an arriving household$46,946
- Largest single originCraig County Non-migrants (1,901 households)
- Largest single destination (1,901 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Craig County Non-migrants | 1,901 | 3,876 | $122.0 m |
| Other flows - Same State | 74 | 126 | $3.5 m |
The largest single source of arrivals is Craig 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.
Craig County
What the Craig County economy runs on
- County GDP, 2024$152.0 m
- County GDP, 2023$142.8 m
- GDP change, 2023 to 20246.4 percent
- GDP change over five years41.7 percent
- Rank by GDP among Virginia counties104th
- Rank by GDP among US county-equivalents2976th
- GDP per resident$31,298
Output grew 6.4 percent in the latest year and 41.7 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.
Craig County
Who employs people in Craig County
- Covered employment, annual average760
- Establishments reporting146
- Average annual pay$52,718
- Average weekly wage$1,014
- Sector 44-45, employment112
- Sector 44-45, average annual pay$22,800
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 44-45 | 112 | 8 | $22,800 |
The largest sector is the biggest private employer group at 112 jobs, 14.7 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.
Craig County
What businesses operate in Craig County
- Establishments, all industries64
- Employment at those establishments425
- Annual payroll$14.7 m
- Establishments per 1,000 residents13.2
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.
Craig County
What is being built in Craig County
- Housing units authorised by permit, 202429
- Declared construction value permitted$9.0 m
- Single family units authorised29
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$310,998
- Units authorised per 1,000 households16.7
Multifamily is 0.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Craig County
How much SBA lending happens in Craig County
- 7(a) approvals recorded3
- 7(a) gross approval dollars$2.4 m
- Average 7(a) approval$796,833
- Median 7(a) approval$773,500
- 10th percentile approval$300,000
- 90th percentile approval$1,317,000
- Largest single approval$1,317,000
- Jobs reported supported, 7(a)27
- Jobs per approval9.0
- Distinct 7(a) lenders active3
- Distinct industries receiving approvals3
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer0.0 percent
- Loans on real estate terms0
- Loans on working capital terms, 120 months or shorter2
- Franchise loans0
- Franchise share of approvals0.0 percent
- Leading industry by approval countOutdoor Power Equipment Retailers (1)
- Most active lenderFirst Internet Bank of Indiana (1)
The average approval of $796,833 sits close to the median of $773,500, so lending here is fairly evenly sized rather than driven by a few large deals. Only 0.0 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.
Craig County
Do SBA loans in Craig County get paid back
- Loans with a final outcome recorded0
- Paid in full0
- Charged off0
- Status: Exempt from disclosure3
Too few loans have reached a final outcome to publish a charge off rate. only 0 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.
Craig County
How big is Craig County
- Land area330 sq mi
- Rank by land area among Virginia counties61st of 133
- Width, east to west27.8 mi
- Height, north to south23 mi
- Geographies sharing a boundary5
- Residents per square mile of land15
- Establishments per square mile0.19
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 Craig 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 Craig County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population4,856
- Households1,735
- Average household size2.80
- Median household income$69,057
- Median age46.3
Common questions
Craig County questions, answered from the record.
How many people live in Craig County, Virginia?
4,856, in 1,735 households, ranking 130th of 133 Virginia counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Craig County growing?
The population has fallen 1.37 percent since the 2020 census base. In 2024 there were 36 births against 79 deaths, with net migration of 45. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Craig County?
$69,057. The median owner-occupied home is valued at $189,000, which is 2.7 times income, and median gross rent is $713 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Craig County?
64 establishments, employing 425 people with an annual payroll of $14.7 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 Craig County?
Average annual pay is $52,718, or $1,014 a week, across 760 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Craig County?
3 7(a) approvals totalling $2.4 m since FY2020, across 3 lenders, with a median approval of $773,500. These are approvals recorded in the release, not loans disbursed.
What is being built in Craig County?
29 housing units were authorised by permit in 2024, with a declared construction value of $9.0 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Craig 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 Craig County come from?
The largest single origin is Craig County Non-migrants, with 1,901 households. Arriving households report an average income of $46,946 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 Craig 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 Craig 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.