Radford city, Virginia: commercial real estate data.
Radford city, Virginia has a population of 16,726 across 10 square miles, up 7.5 percent since the 2020 census base. 289 establishments operate here, and the SBA record carries 6 7(a) approvals worth $9.6 m.
106 sourced county values · tier FULL · 9 sections
Radford city
How many people live in Radford city
- Population16,726
- Households5,540
- Average household size3.02
- Median household income$57,348
- Median age23.3
- Median gross rent$1,033 per month
- Median owner-occupied home value$220,700
- Home value to household income3.8 times
- Annual rent as a share of median income21.6 percent
- Adults 25 and over with a bachelor degree or higher37.9 percent
- Adults 25 and over with a graduate degree18.7 percent
- Adults 25 and over7,492
- Population under 182,086
- Share under 1812.5 percent
- Population 65 and over1,601
- Share 65 and over9.6 percent
- Working age population, 18 to 6413,039
- Civilian labor force8,986
- Unemployment rate8.1 percent
- Labor force participation, adults 18 and over61.4 percent
- Rank by population among Virginia independent cities90th of 133
- Rank by population among US county-equivalents2056th
Radford city is the 90th largest of 133 Virginia independent cities by population. A median home costs 3.8 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 12.5 percent against 9.6 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Radford city
Is Radford city growing
- Population change since the 2020 census base7.53 percent
- Census 2020 base population16,063
- Births, 2024144
- Deaths, 2024128
- Natural change, 202416
- Net domestic migration, 2024231
- Net international migration, 202432
- Total net migration, 2024263
- Cumulative net domestic migration, 2021 to 20241,031
- Rank by growth among US county-equivalents274th
The county has grown 7.53 percent since the 2020 census base. Migration contributed more to 2024 change than births over deaths, so demand here follows people arriving rather than families forming.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Radford city
Where people moving to Radford city come from
- Tax returns filed by households arriving754
- People arriving, from those returns1,136
- Adjusted gross income arriving$29.4 m
- Net adjusted gross income movement$0
- Average income of an arriving household$39,053
- Largest single originRadford city Non-migrants (3,920 households)
- Largest single destination (3,920 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Radford city Non-migrants | 3,920 | 7,357 | $260.1 m |
| Other flows - Same State | 206 | 276 | $6.6 m |
| Montgomery County | 201 | 319 | $9.1 m |
| Other flows - Different State | 167 | 265 | $7.4 m |
| Pulaski County | 124 | 199 | $4.4 m |
| Other flows - South | 110 | 182 | $5.6 m |
| Roanoke city | 30 | 45 | $1.3 m |
| Other flows - Northeast | 29 | 44 | $894,000 |
The largest single source of arrivals is Radford city 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.
Radford city
Who employs people in Radford city
- Covered employment, annual average5,996
- Establishments reporting372
- Average annual pay$54,027
- Average weekly wage$1,039
- Sector 31-33, employment928
- Sector 31-33, average annual pay$64,495
- Sector 56, employment442
- Sector 56, average annual pay$78,373
- Sector 44-45, employment374
- Sector 44-45, average annual pay$34,362
- Sector 53, employment101
- Sector 53, average annual pay$52,821
- Sector 81, employment67
- Sector 52, employment65
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 31-33 | 928 | 14 | $64,495 |
| Sector 56 | 442 | 14 | $78,373 |
| Sector 44-45 | 374 | 36 | $34,362 |
| Sector 53 | 101 | 26 | $52,821 |
| Sector 81 | 67 | 27 | $40,379 |
| Sector 52 | 65 | 20 | $83,547 |
| Sector 42 | 56 | 8 | $64,755 |
| Sector 99 | 11 | 6 | $47,086 |
The largest sector is the biggest private employer group at 928 jobs, 15.5 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.
Radford city
What businesses operate in Radford city
- Establishments, all industries289
- Employment at those establishments3,907
- Annual payroll$187.2 m
- Establishments per 1,000 residents17.3
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.
Radford city
What is being built in Radford city
- Housing units authorised by permit, 202428
- Declared construction value permitted$4.6 m
- Single family units authorised28
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$163,711
- Units authorised per 1,000 households5.1
Multifamily is 0.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Radford city
How much SBA lending happens in Radford city
- 7(a) approvals recorded6
- 7(a) gross approval dollars$9.6 m
- Average 7(a) approval$1,608,000
- Median 7(a) approval$2,100,000
- 10th percentile approval$15,000
- 90th percentile approval$4,050,000
- Largest single approval$4,050,000
- Jobs reported supported, 7(a)61
- Jobs per approval10.2
- Distinct 7(a) lenders active6
- Distinct industries receiving approvals5
- Median 7(a) term300 months
- Share of loans on real estate terms, 240 months or longer66.7 percent
- Loans on real estate terms4
- Loans on working capital terms, 120 months or shorter2
- Franchise loans2
- Franchise share of approvals33.3 percent
- Leading industry by approval countHotels (except Casino Hotels) and Motels (2)
- Most active lenderBank Five Nine (1)
- 504 approvals recorded2
- 504 gross approval dollars$1.5 m
- Average 504 approval$735,500
- Median 504 approval$1,225,000
- Distinct CDCs active1
- 504 jobs per approval9.5
- 504 jobs per million dollars approved12.9
- Most active CDC504 Capital Corporation (2)
- 7(a) share of SBA approvals75.0 percent
- Combined SBA approval dollars$11.1 m
The average approval of $1,608,000 sits close to the median of $2,100,000, so lending here is fairly evenly sized rather than driven by a few large deals. 66.7 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. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Radford city
Do SBA loans in Radford city get paid back
- Loans with a final outcome recorded1
- Paid in full1
- Charged off0
- Status: Paid in full1
- Status: Exempt from disclosure4
- Status: Cancelled1
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.
Radford city
How big is Radford city
- Land area10 sq mi
- Rank by land area among Virginia independent cities119th of 133
- Width, east to west4.9 mi
- Height, north to south4.1 mi
- Geographies sharing a boundary2
- Residents per square mile of land1,673
- Establishments per square mile28.90
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 Radford city 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 Radford city site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population16,726
- Households5,540
- Average household size3.02
- Median household income$57,348
- Median age23.3
Common questions
Radford city questions, answered from the record.
How many people live in Radford city, Virginia?
16,726, in 5,540 households, ranking 90th of 133 Virginia counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Radford city growing?
The population has grown 7.53 percent since the 2020 census base. In 2024 there were 144 births against 128 deaths, with net migration of 263. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Radford city?
$57,348. The median owner-occupied home is valued at $220,700, which is 3.8 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 Radford city?
289 establishments, employing 3,907 people with an annual payroll of $187.2 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 Radford city?
Average annual pay is $54,027, or $1,039 a week, across 5,996 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Radford city?
6 7(a) approvals totalling $9.6 m since FY2020, across 6 lenders, with a median approval of $2,100,000, plus 2 504 approvals worth $1.5 m. These are approvals recorded in the release, not loans disbursed.
What is being built in Radford city?
28 housing units were authorised by permit in 2024, with a declared construction value of $4.6 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Radford city?
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 Radford city come from?
The largest single origin is Radford city Non-migrants, with 3,920 households. Arriving households report an average income of $39,053 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 Radford city 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 Radford city?
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.