Mathews County, Virginia: commercial real estate data.
Mathews County, Virginia has a population of 8,540 across 86 square miles, up 0.8 percent since the 2020 census base. County output reached $260.5 m in 2024, 191 establishments operate here, and the SBA record carries 4 7(a) approvals worth $1.0 m.
108 sourced county values · tier FULL · 11 sections
Mathews County
How many people live in Mathews County
- Population8,540
- Households3,987
- Average household size2.14
- Median household income$75,880
- Median age55.0
- Median gross rent$1,032 per month
- Median owner-occupied home value$360,900
- Home value to household income4.8 times
- Annual rent as a share of median income16.3 percent
- Adults 25 and over with a bachelor degree or higher28.4 percent
- Adults 25 and over with a graduate degree8.4 percent
- Adults 25 and over6,687
- Population under 181,229
- Share under 1814.4 percent
- Population 65 and over2,845
- Share 65 and over33.3 percent
- Working age population, 18 to 644,466
- Civilian labor force3,619
- Unemployment rate4.4 percent
- Labor force participation, adults 18 and over49.5 percent
- Rank by population among Virginia counties118th of 133
- Rank by population among US county-equivalents2609th
Mathews County is the 118th largest of 133 Virginia counties by population. A median home costs 4.8 times median household income, which is an affordable ownership market by national standards. Residents 65 and over outnumber those under 18, at 33.3 percent against 14.4 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.
Mathews County
Is Mathews County growing
- Population change since the 2020 census base0.80 percent
- Census 2020 base population8,534
- Births, 202464
- Deaths, 2024125
- Natural change, 2024-61
- Net domestic migration, 202496
- Net international migration, 20240
- Total net migration, 202496
- Cumulative net domestic migration, 2021 to 2024408
- Rank by growth among US county-equivalents1552nd
The county has grown 0.80 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.
Mathews County
Where people moving to Mathews County come from
- Tax returns filed by households arriving289
- People arriving, from those returns552
- Adjusted gross income arriving$31.2 m
- Net adjusted gross income movement$0
- Average income of an arriving household$107,893
- Largest single originMathews County Non-migrants (3,433 households)
- Largest single destination (3,433 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Mathews County Non-migrants | 3,433 | 6,507 | $311.4 m |
| Other flows - Same State | 166 | 311 | $21.5 m |
| Other flows - Different State | 66 | 110 | $5.8 m |
| Gloucester County | 57 | 131 | $3.9 m |
| Other flows - South | 44 | 68 | $3.6 m |
| Other flows - Northeast | 22 | 42 | $2.1 m |
The largest single source of arrivals is Mathews 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.
Mathews County
What the Mathews County economy runs on
- County GDP, 2024$260.5 m
- County GDP, 2023$252.4 m
- GDP change, 2023 to 20243.2 percent
- GDP change over five years24.5 percent
- Rank by GDP among Virginia counties101st
- Rank by GDP among US county-equivalents2784th
- GDP per resident$30,506
Output grew 3.2 percent in the latest year and 24.5 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.
Mathews County
Who employs people in Mathews County
- Covered employment, annual average1,576
- Establishments reporting257
- Average annual pay$41,476
- Average weekly wage$798
- Sector 44-45, employment195
- Sector 44-45, average annual pay$31,063
- Sector 72, employment148
- Sector 72, average annual pay$21,076
- Sector 23, employment138
- Sector 23, average annual pay$49,174
- Sector 31-33, employment99
- Sector 31-33, average annual pay$42,756
- Sector 71, employment69
- Sector 81, employment68
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 44-45 | 195 | 24 | $31,063 |
| Sector 72 | 148 | 14 | $21,076 |
| Sector 23 | 138 | 41 | $49,174 |
| Sector 31-33 | 99 | 8 | $42,756 |
| Sector 71 | 69 | 3 | $26,743 |
| Sector 81 | 68 | 16 | $50,532 |
| Sector 56 | 54 | 19 | $48,756 |
| Sector 11 | 29 | 6 | $50,889 |
The largest sector is the biggest private employer group at 195 jobs, 12.4 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.
Mathews County
What businesses operate in Mathews County
- Establishments, all industries191
- Employment at those establishments1,196
- Annual payroll$41.0 m
- Establishments per 1,000 residents22.4
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.
Mathews County
What is being built in Mathews County
- Housing units authorised by permit, 202437
- Declared construction value permitted$12.8 m
- Single family units authorised37
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$344,941
- Units authorised per 1,000 households9.3
Multifamily is 0.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Mathews County
How much SBA lending happens in Mathews County
- 7(a) approvals recorded4
- 7(a) gross approval dollars$1.0 m
- Average 7(a) approval$250,825
- Median 7(a) approval$178,300
- 10th percentile approval$15,000
- 90th percentile approval$760,000
- Largest single approval$760,000
- Jobs reported supported, 7(a)32
- Jobs per approval8.0
- Distinct 7(a) lenders active3
- Distinct industries receiving approvals4
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer25.0 percent
- Loans on real estate terms1
- Loans on working capital terms, 120 months or shorter3
- Franchise loans0
- Franchise share of approvals0.0 percent
- Leading industry by approval countServices for the Elderly and Persons with Disabilities (1)
- Most active lenderPrimis Bank (2)
The average approval of $250,825 sits well above the median of $178,300, 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 25.0 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.
Mathews County
Do SBA loans in Mathews County get paid back
- Loans with a final outcome recorded1
- Paid in full1
- Charged off0
- Status: Paid in full1
- Status: Cancelled1
- Status: Exempt from disclosure1
- Status: Committed, not yet disbursed1
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.
Mathews County
Which parts of Mathews County get the lending
- Places in the county with recorded lending3
- HUDGINS, approvals2
- MATHEWS, approvals1
- Port Haywood, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| HUDGINS | 2 | $193,300 |
| MATHEWS | 1 | $760,000 |
| Port Haywood | 1 | $50,000 |
HUDGINS accounts for 2 approvals against 1 in MATHEWS. 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.
Mathews County
How big is Mathews County
- Land area86 sq mi
- Rank by land area among Virginia counties97th of 133
- Width, east to west10.6 mi
- Height, north to south15.6 mi
- Geographies sharing a boundary2
- Residents per square mile of land99
- Establishments per square mile2.22
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 Mathews 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 Mathews County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population8,540
- Households3,987
- Average household size2.14
- Median household income$75,880
- Median age55.0
Common questions
Mathews County questions, answered from the record.
How many people live in Mathews County, Virginia?
8,540, in 3,987 households, ranking 118th of 133 Virginia counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Mathews County growing?
The population has grown 0.80 percent since the 2020 census base. In 2024 there were 64 births against 125 deaths, with net migration of 96. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Mathews County?
$75,880. The median owner-occupied home is valued at $360,900, which is 4.8 times income, and median gross rent is $1,032 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Mathews County?
191 establishments, employing 1,196 people with an annual payroll of $41.0 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 Mathews County?
Average annual pay is $41,476, or $798 a week, across 1,576 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Mathews County?
4 7(a) approvals totalling $1.0 m since FY2020, across 3 lenders, with a median approval of $178,300. These are approvals recorded in the release, not loans disbursed.
What is being built in Mathews County?
37 housing units were authorised by permit in 2024, with a declared construction value of $12.8 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Mathews 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 Mathews County come from?
The largest single origin is Mathews County Non-migrants, with 3,433 households. Arriving households report an average income of $107,893 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 Mathews 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 Mathews 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.