Washington County, Virginia: commercial real estate data.
Washington County, Virginia has a population of 53,926 across 561 square miles, up 0.3 percent since the 2020 census base. 1,207 establishments operate here, and the SBA record carries 62 7(a) approvals worth $36.2 m.
115 sourced county values · tier FULL · 10 sections
Washington County
How many people live in Washington County
- Population53,926
- Households22,112
- Average household size2.44
- Median household income$64,552
- Median age46.9
- Median gross rent$854 per month
- Median owner-occupied home value$214,000
- Home value to household income3.3 times
- Annual rent as a share of median income15.9 percent
- Adults 25 and over with a bachelor degree or higher26.7 percent
- Adults 25 and over with a graduate degree9.8 percent
- Adults 25 and over40,265
- Population under 189,411
- Share under 1817.5 percent
- Population 65 and over13,343
- Share 65 and over24.7 percent
- Working age population, 18 to 6431,172
- Civilian labor force24,306
- Unemployment rate3.0 percent
- Labor force participation, adults 18 and over54.6 percent
- Rank by population among Virginia counties35th of 133
- Rank by population among US county-equivalents961st
Washington County is the 35th largest of 133 Virginia counties by population. A median home costs 3.3 times median household income, which is an affordable ownership market by national standards. Residents 65 and over outnumber those under 18, at 24.7 percent against 17.5 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.
Washington County
Is Washington County growing
- Population change since the 2020 census base0.29 percent
- Census 2020 base population53,940
- Births, 2024452
- Deaths, 2024858
- Natural change, 2024-406
- Net domestic migration, 2024430
- Net international migration, 202449
- Total net migration, 2024479
- Cumulative net domestic migration, 2021 to 20241,728
- Rank by growth among US county-equivalents1724th
The county has grown 0.29 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.
Washington County
Where people moving to Washington County come from
- Tax returns filed by households arriving1,419
- People arriving, from those returns2,620
- Adjusted gross income arriving$93.0 m
- Net adjusted gross income movement$0
- Average income of an arriving household$65,517
- Largest single originWashington County Non-migrants (18,354 households)
- Largest single destination (18,354 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Washington County Non-migrants | 18,354 | 37,292 | $1.32 bn |
| Other flows - Different State | 572 | 1,077 | $37.9 m |
| Other flows - South | 375 | 700 | $24.0 m |
| Bristol city | 191 | 365 | $9.1 m |
| Other flows - Same State | 184 | 319 | $12.1 m |
| Sullivan County | 169 | 308 | $16.0 m |
| Smyth County | 135 | 256 | $7.8 m |
| Other flows - West | 74 | 151 | $5.0 m |
The largest single source of arrivals is Washington 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.
Washington County
Who employs people in Washington County
- Covered employment, annual average20,425
- Establishments reporting1,578
- Average annual pay$48,472
- Average weekly wage$932
- Sector 44-45, employment3,039
- Sector 44-45, average annual pay$34,144
- Sector 62, employment2,746
- Sector 62, average annual pay$56,977
- Sector 31-33, employment2,472
- Sector 31-33, average annual pay$60,000
- Sector 72, employment1,892
- Sector 72, average annual pay$23,822
- Sector 48-49, employment1,092
- Sector 23, employment780
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 44-45 | 3,039 | 196 | $34,144 |
| Sector 62 | 2,746 | 348 | $56,977 |
| Sector 31-33 | 2,472 | 68 | $60,000 |
| Sector 72 | 1,892 | 107 | $23,822 |
| Sector 48-49 | 1,092 | 43 | $50,289 |
| Sector 23 | 780 | 132 | $59,641 |
| Sector 42 | 663 | 50 | $56,834 |
| Sector 81 | 621 | 115 | $39,039 |
The largest sector is the biggest private employer group at 3,039 jobs, 14.9 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.
Washington County
What businesses operate in Washington County
- Establishments, all industries1,207
- Employment at those establishments18,465
- Annual payroll$875.8 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.
Washington County
What is being built in Washington County
- Housing units authorised by permit, 2024106
- Declared construction value permitted$33.9 m
- Single family units authorised104
- Multifamily units authorised2
- Multifamily share of units1.9 percent
- Average declared value per unit$319,378
- Units authorised per 1,000 households4.8
Multifamily is 1.9 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Washington County
How much SBA lending happens in Washington County
- 7(a) approvals recorded62
- 7(a) gross approval dollars$36.2 m
- Average 7(a) approval$584,198
- Median 7(a) approval$218,000
- 10th percentile approval$50,000
- 90th percentile approval$1,800,000
- Largest single approval$4,100,000
- Jobs reported supported, 7(a)805
- Jobs per approval13.0
- Distinct 7(a) lenders active11
- Distinct industries receiving approvals38
- Median 7(a) term119 months
- Share of loans on real estate terms, 240 months or longer16.1 percent
- Loans on real estate terms10
- Loans on working capital terms, 120 months or shorter49
- Franchise loans4
- Franchise share of approvals6.5 percent
- Leading industry by approval countInvestment Advice (5)
- Most active lenderThe First Bank and Trust Company (41)
- 504 approvals recorded3
- 504 gross approval dollars$1.2 m
- Average 504 approval$406,000
- Median 504 approval$348,000
- Distinct CDCs active2
- 504 jobs per approval7.3
- 504 jobs per million dollars approved18.1
- Most active CDCBusiness Finance Group, Inc. (2)
- 7(a) share of SBA approvals95.4 percent
- Combined SBA approval dollars$37.4 m
The average approval of $584,198 sits well above the median of $218,000, 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 16.1 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.
Washington County
Do SBA loans in Washington County get paid back
- Loans with a final outcome recorded20
- Paid in full20
- Charged off0
- Charge off rate on resolved loans0.0 percent
- Status: Exempt from disclosure27
- Status: Paid in full20
- Status: Cancelled14
- Status: Committed, not yet disbursed1
Of the 20 loans that have reached a final outcome, 0.0 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Washington County
Which parts of Washington County get the lending
- Places in the county with recorded lending7
- Abingdon, approvals38
- Bristol, approvals16
- GLADE SPRING, approvals3
- Meadowview, approvals2
- CHILHOWIE, approvals1
- DAMASCUS, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| Abingdon | 38 | $23,647,100 |
| Bristol | 16 | $7,993,400 |
| GLADE SPRING | 3 | $3,480,200 |
| Meadowview | 2 | $50,000 |
| CHILHOWIE | 1 | $69,600 |
| DAMASCUS | 1 | $80,000 |
| LITTLE ROCK | 1 | $900,000 |
Abingdon accounts for 38 approvals against 16 in Bristol. 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.
Washington County
How big is Washington County
- Land area561 sq mi
- Rank by land area among Virginia counties14th of 133
- Width, east to west40.3 mi
- Height, north to south23.1 mi
- Geographies sharing a boundary5
- Residents per square mile of land96
- Establishments per square mile2.15
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 Washington 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 Washington County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population53,926
- Households22,112
- Average household size2.44
- Median household income$64,552
- Median age46.9
Common questions
Washington County questions, answered from the record.
How many people live in Washington County, Virginia?
53,926, in 22,112 households, ranking 35th of 133 Virginia counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Washington County growing?
The population has grown 0.29 percent since the 2020 census base. In 2024 there were 452 births against 858 deaths, with net migration of 479. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Washington County?
$64,552. The median owner-occupied home is valued at $214,000, which is 3.3 times income, and median gross rent is $854 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Washington County?
1,207 establishments, employing 18,465 people with an annual payroll of $875.8 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 Washington County?
Average annual pay is $48,472, or $932 a week, across 20,425 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Washington County?
62 7(a) approvals totalling $36.2 m since FY2020, across 11 lenders, with a median approval of $218,000, plus 3 504 approvals worth $1.2 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Washington County get paid back?
Of the 20 loans that have reached a final outcome, 20 were paid in full and 0 charged off, a charge off rate of 0.0 percent. Loans still running are excluded, because they have not yet succeeded or failed.
What is being built in Washington County?
106 housing units were authorised by permit in 2024, with a declared construction value of $33.9 m. Multifamily was 1.9 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Washington 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 Washington County come from?
The largest single origin is Washington County Non-migrants, with 18,354 households. Arriving households report an average income of $65,517 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 Washington 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 Washington 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.