Grayson County, Virginia: commercial real estate data.
Grayson County, Virginia has a population of 15,287 across 442 square miles, down 0.4 percent since the 2020 census base. County output reached $398.0 m in 2024, 173 establishments operate here, and the SBA record carries 10 7(a) approvals worth $12.6 m.
107 sourced county values · tier FULL · 11 sections
Grayson County
How many people live in Grayson County
- Population15,287
- Households6,337
- Average household size2.41
- Median household income$47,730
- Median age48.4
- Median gross rent$765 per month
- Median owner-occupied home value$150,100
- Home value to household income3.1 times
- Annual rent as a share of median income19.2 percent
- Adults 25 and over with a bachelor degree or higher15.5 percent
- Adults 25 and over with a graduate degree4.9 percent
- Adults 25 and over11,755
- Population under 182,480
- Share under 1816.2 percent
- Population 65 and over3,975
- Share 65 and over26.0 percent
- Working age population, 18 to 648,832
- Civilian labor force6,078
- Unemployment rate3.6 percent
- Labor force participation, adults 18 and over47.5 percent
- Rank by population among Virginia counties97th of 133
- Rank by population among US county-equivalents2145th
Grayson County is the 97th largest of 133 Virginia counties by population. A median home costs 3.1 times median household income, which is an affordable ownership market by national standards. Residents 65 and over outnumber those under 18, at 26.0 percent against 16.2 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.
Grayson County
Is Grayson County growing
- Population change since the 2020 census base-0.44 percent
- Census 2020 base population15,332
- Births, 202484
- Deaths, 2024271
- Natural change, 2024-187
- Net domestic migration, 2024214
- Net international migration, 20244
- Total net migration, 2024218
- Cumulative net domestic migration, 2021 to 2024667
- Rank by growth among US county-equivalents2001st
The county has lost 0.44 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.
Grayson County
Where people moving to Grayson County come from
- Tax returns filed by households arriving394
- People arriving, from those returns726
- Adjusted gross income arriving$22.7 m
- Net adjusted gross income movement$0
- Average income of an arriving household$57,513
- Largest single originGrayson County Non-migrants (5,192 households)
- Largest single destination (5,192 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Grayson County Non-migrants | 5,192 | 10,364 | $255.8 m |
| Other flows - Different State | 170 | 349 | $15.2 m |
| Other flows - South | 150 | 313 | $14.2 m |
| Other flows - Same State | 95 | 150 | $2.8 m |
| Carroll County | 74 | 131 | $2.5 m |
| Galax city | 55 | 96 | $2.2 m |
| Other flows - West | 20 | 36 | $975,000 |
The largest single source of arrivals is Grayson 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.
Grayson County
What the Grayson County economy runs on
- County GDP, 2024$398.0 m
- County GDP, 2023$383.9 m
- GDP change, 2023 to 20243.7 percent
- GDP change over five years35.0 percent
- Rank by GDP among Virginia counties92nd
- Rank by GDP among US county-equivalents2545th
- GDP per resident$26,034
Output grew 3.7 percent in the latest year and 35.0 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.
Grayson County
Who employs people in Grayson County
- Covered employment, annual average3,415
- Establishments reporting359
- Average annual pay$37,811
- Average weekly wage$727
- Sector 31-33, employment371
- Sector 31-33, average annual pay$44,416
- Sector 44-45, employment259
- Sector 44-45, average annual pay$22,155
- Sector 52, employment96
- Sector 52, average annual pay$72,717
- Sector 81, employment40
- Sector 81, average annual pay$25,299
- Sector 42, employment38
- Sector 23, employment36
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 31-33 | 371 | 16 | $44,416 |
| Sector 44-45 | 259 | 26 | $22,155 |
| Sector 52 | 96 | 14 | $72,717 |
| Sector 81 | 40 | 19 | $25,299 |
| Sector 42 | 38 | 8 | $44,163 |
| Sector 23 | 36 | 22 | $38,997 |
| Sector 54 | 21 | 18 | $54,868 |
| Sector 53 | 15 | 8 | $52,518 |
The largest sector is the biggest private employer group at 371 jobs, 10.9 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.
Grayson County
What businesses operate in Grayson County
- Establishments, all industries173
- Employment at those establishments1,566
- Annual payroll$64.1 m
- Establishments per 1,000 residents11.3
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.
Grayson County
What is being built in Grayson County
- Housing units authorised by permit, 202438
- Declared construction value permitted$11.1 m
- Single family units authorised38
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$291,556
- Units authorised per 1,000 households6.0
Multifamily is 0.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Grayson County
How much SBA lending happens in Grayson County
- 7(a) approvals recorded10
- 7(a) gross approval dollars$12.6 m
- Average 7(a) approval$1,255,720
- Median 7(a) approval$160,600
- 10th percentile approval$76,700
- 90th percentile approval$4,500,000
- Largest single approval$4,500,000
- Jobs reported supported, 7(a)108
- Jobs per approval10.8
- Distinct 7(a) lenders active3
- Distinct industries receiving approvals8
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer30.0 percent
- Loans on real estate terms3
- Loans on working capital terms, 120 months or shorter7
- Franchise loans0
- Franchise share of approvals0.0 percent
- Leading industry by approval countBeef Cattle Ranching and Farming (3)
- Most active lenderSkyline National Bank (5)
The average approval of $1,255,720 sits well above the median of $160,600, 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. 30.0 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.
Grayson County
Do SBA loans in Grayson County get paid back
- Loans with a final outcome recorded2
- Paid in full2
- Charged off0
- Status: Exempt from disclosure7
- Status: Cancelled1
- Status: Paid in full2
Too few loans have reached a final outcome to publish a charge off rate. only 2 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.
Grayson County
Which parts of Grayson County get the lending
- Places in the county with recorded lending3
- GALAX, approvals7
- INDEPENDENCE, approvals2
- FRIES, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| GALAX | 7 | $12,184,200 |
| INDEPENDENCE | 2 | $212,400 |
| FRIES | 1 | $160,600 |
GALAX accounts for 7 approvals against 2 in INDEPENDENCE. 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.
Grayson County
How big is Grayson County
- Land area442 sq mi
- Rank by land area among Virginia counties38th of 133
- Width, east to west46.6 mi
- Height, north to south17.1 mi
- Geographies sharing a boundary5
- Residents per square mile of land35
- Establishments per square mile0.39
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 Grayson 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 Grayson County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population15,287
- Households6,337
- Average household size2.41
- Median household income$47,730
- Median age48.4
Common questions
Grayson County questions, answered from the record.
How many people live in Grayson County, Virginia?
15,287, in 6,337 households, ranking 97th of 133 Virginia counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Grayson County growing?
The population has fallen 0.44 percent since the 2020 census base. In 2024 there were 84 births against 271 deaths, with net migration of 218. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Grayson County?
$47,730. The median owner-occupied home is valued at $150,100, which is 3.1 times income, and median gross rent is $765 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Grayson County?
173 establishments, employing 1,566 people with an annual payroll of $64.1 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 Grayson County?
Average annual pay is $37,811, or $727 a week, across 3,415 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Grayson County?
10 7(a) approvals totalling $12.6 m since FY2020, across 3 lenders, with a median approval of $160,600. These are approvals recorded in the release, not loans disbursed.
What is being built in Grayson County?
38 housing units were authorised by permit in 2024, with a declared construction value of $11.1 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Grayson County?
Zone 2, a predicted average indoor radon screening level from 2 to 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 Grayson County come from?
The largest single origin is Grayson County Non-migrants, with 5,192 households. Arriving households report an average income of $57,513 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 Grayson 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 Grayson 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.