Lancaster County, Virginia: commercial real estate data.
Lancaster County, Virginia has a population of 10,936 across 133 square miles, up 1.3 percent since the 2020 census base. County output reached $679.1 m in 2024, 458 establishments operate here, and the SBA record carries 17 7(a) approvals worth $20.6 m.
119 sourced county values · tier FULL · 11 sections
Lancaster County
How many people live in Lancaster County
- Population10,936
- Households5,701
- Average household size1.92
- Median household income$69,713
- Median age58.2
- Median gross rent$1,033 per month
- Median owner-occupied home value$327,000
- Home value to household income4.7 times
- Annual rent as a share of median income17.8 percent
- Adults 25 and over with a bachelor degree or higher41.3 percent
- Adults 25 and over with a graduate degree17.3 percent
- Adults 25 and over8,878
- Population under 181,588
- Share under 1814.5 percent
- Population 65 and over4,364
- Share 65 and over39.9 percent
- Working age population, 18 to 644,984
- Civilian labor force4,524
- Unemployment rate9.5 percent
- Labor force participation, adults 18 and over48.4 percent
- Rank by population among Virginia counties112th of 133
- Rank by population among US county-equivalents2421st
Lancaster County is the 112th largest of 133 Virginia counties by population. A median home costs 4.7 times median household income, which is an affordable ownership market by national standards. Residents 65 and over outnumber those under 18, at 39.9 percent against 14.5 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.
Lancaster County
Is Lancaster County growing
- Population change since the 2020 census base1.25 percent
- Census 2020 base population10,925
- Births, 202486
- Deaths, 2024213
- Natural change, 2024-127
- Net domestic migration, 2024246
- Net international migration, 202414
- Total net migration, 2024260
- Cumulative net domestic migration, 2021 to 2024688
- Rank by growth among US county-equivalents1402nd
The county has grown 1.25 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.
Lancaster County
Where people moving to Lancaster County come from
- Tax returns filed by households arriving372
- People arriving, from those returns635
- Adjusted gross income arriving$53.3 m
- Net adjusted gross income movement$0
- Average income of an arriving household$143,207
- Largest single originLancaster County Non-migrants (4,662 households)
- Largest single destination (4,662 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Lancaster County Non-migrants | 4,662 | 8,380 | $453.0 m |
| Other flows - Same State | 183 | 310 | $28.1 m |
| Other flows - Different State | 114 | 190 | $19.0 m |
| Other flows - South | 65 | 111 | $12.7 m |
| Northumberland County | 54 | 100 | $3.6 m |
| Other flows - Northeast | 29 | 46 | $3.3 m |
| Henrico County | 21 | 35 | $2.6 m |
| Other flows - West | 20 | 33 | $3.0 m |
The largest single source of arrivals is Lancaster 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.
Lancaster County
What the Lancaster County economy runs on
- County GDP, 2024$679.1 m
- County GDP, 2023$660.1 m
- GDP change, 2023 to 20242.9 percent
- GDP change over five years31.5 percent
- Rank by GDP among Virginia counties79th
- Rank by GDP among US county-equivalents2176th
- GDP per resident$62,097
Output grew 2.9 percent in the latest year and 31.5 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.
Lancaster County
Who employs people in Lancaster County
- Covered employment, annual average4,793
- Establishments reporting543
- Average annual pay$51,518
- Average weekly wage$991
- Sector 44-45, employment660
- Sector 44-45, average annual pay$33,130
- Sector 72, employment604
- Sector 72, average annual pay$30,221
- Sector 23, employment325
- Sector 23, average annual pay$58,433
- Sector 31-33, employment322
- Sector 31-33, average annual pay$98,843
- Sector 81, employment229
- Sector 52, employment208
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 44-45 | 660 | 58 | $33,130 |
| Sector 72 | 604 | 44 | $30,221 |
| Sector 23 | 325 | 55 | $58,433 |
| Sector 31-33 | 322 | 22 | $98,843 |
| Sector 81 | 229 | 50 | $33,350 |
| Sector 52 | 208 | 27 | $100,077 |
| Sector 54 | 135 | 51 | $81,438 |
| Sector 71 | 124 | 8 | $32,652 |
The largest sector is the biggest private employer group at 660 jobs, 13.8 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.
Lancaster County
What businesses operate in Lancaster County
- Establishments, all industries458
- Employment at those establishments4,238
- Annual payroll$200.5 m
- Establishments per 1,000 residents41.9
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.
Lancaster County
What is being built in Lancaster County
- Housing units authorised by permit, 2024127
- Declared construction value permitted$40.8 m
- Single family units authorised127
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$321,616
- Units authorised per 1,000 households22.3
Multifamily is 0.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Lancaster County
How much SBA lending happens in Lancaster County
- 7(a) approvals recorded17
- 7(a) gross approval dollars$20.6 m
- Average 7(a) approval$1,212,088
- Median 7(a) approval$515,000
- 10th percentile approval$50,000
- 90th percentile approval$4,000,000
- Largest single approval$4,300,000
- Jobs reported supported, 7(a)381
- Jobs per approval22.4
- Distinct 7(a) lenders active6
- Distinct industries receiving approvals11
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer23.5 percent
- Loans on real estate terms4
- Loans on working capital terms, 120 months or shorter12
- Franchise loans1
- Franchise share of approvals5.9 percent
- Leading industry by approval countAdministrative Management and General Management Consulting Services (3)
- Most active lenderBlue Ridge Bank National Association (7)
- 504 approvals recorded3
- 504 gross approval dollars$605,000
- Average 504 approval$201,667
- Median 504 approval$213,000
- Distinct CDCs active3
- 504 jobs per approval2.7
- 504 jobs per million dollars approved13.2
- Most active CDCRappahannock Economic Development Corporation (1)
- 7(a) share of SBA approvals85.0 percent
- Combined SBA approval dollars$21.2 m
The average approval of $1,212,088 sits well above the median of $515,000, 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 23.5 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.
Lancaster County
Do SBA loans in Lancaster County get paid back
- Loans with a final outcome recorded3
- Paid in full3
- Charged off0
- Status: Exempt from disclosure11
- Status: Paid in full3
- Status: Cancelled3
Too few loans have reached a final outcome to publish a charge off rate. only 3 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.
Lancaster County
Which parts of Lancaster County get the lending
- Places in the county with recorded lending5
- KILMARNOCK, approvals11
- Lancaster, approvals2
- IRVINGTON, approvals2
- WEEMS, approvals1
- WHITE STONE, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| KILMARNOCK | 11 | $16,014,500 |
| Lancaster | 2 | $3,048,500 |
| IRVINGTON | 2 | $630,000 |
| WEEMS | 1 | $812,500 |
| WHITE STONE | 1 | $100,000 |
KILMARNOCK accounts for 11 approvals against 2 in Lancaster. 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.
Lancaster County
How big is Lancaster County
- Land area133 sq mi
- Rank by land area among Virginia counties94th of 133
- Width, east to west19.9 mi
- Height, north to south15.8 mi
- Geographies sharing a boundary2
- Residents per square mile of land82
- Establishments per square mile3.44
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 Lancaster 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 Lancaster County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population10,936
- Households5,701
- Average household size1.92
- Median household income$69,713
- Median age58.2
Common questions
Lancaster County questions, answered from the record.
How many people live in Lancaster County, Virginia?
10,936, in 5,701 households, ranking 112th of 133 Virginia counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Lancaster County growing?
The population has grown 1.25 percent since the 2020 census base. In 2024 there were 86 births against 213 deaths, with net migration of 260. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Lancaster County?
$69,713. The median owner-occupied home is valued at $327,000, which is 4.7 times income, and median gross rent is $1,033 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Lancaster County?
458 establishments, employing 4,238 people with an annual payroll of $200.5 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 Lancaster County?
Average annual pay is $51,518, or $991 a week, across 4,793 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Lancaster County?
17 7(a) approvals totalling $20.6 m since FY2020, across 6 lenders, with a median approval of $515,000, plus 3 504 approvals worth $605,000. These are approvals recorded in the release, not loans disbursed.
What is being built in Lancaster County?
127 housing units were authorised by permit in 2024, with a declared construction value of $40.8 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Lancaster 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 Lancaster County come from?
The largest single origin is Lancaster County Non-migrants, with 4,662 households. Arriving households report an average income of $143,207 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 Lancaster 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 Lancaster 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.