HomeWest VirginiaBoone County
Boone County, West Virginia: commercial real estate data.
Boone County, West Virginia has a population of 21,026 across 502 square miles, down 6.0 percent since the 2020 census base. County output reached $1.09 bn in 2024, 241 establishments operate here, and the SBA record carries 7 7(a) approvals worth $2.0 m.
108 sourced county values · tier FULL · 11 sections
Boone County
How many people live in Boone County
- Population21,026
- Households7,927
- Average household size2.65
- Median household income$57,093
- Median age45.3
- Median gross rent$837 per month
- Median owner-occupied home value$93,100
- Home value to household income1.6 times
- Annual rent as a share of median income17.6 percent
- Adults 25 and over with a bachelor degree or higher11.5 percent
- Adults 25 and over with a graduate degree4.0 percent
- Adults 25 and over15,104
- Population under 184,317
- Share under 1820.5 percent
- Population 65 and over4,656
- Share 65 and over22.1 percent
- Working age population, 18 to 6412,053
- Civilian labor force7,931
- Unemployment rate8.9 percent
- Labor force participation, adults 18 and over47.5 percent
- Rank by population among West Virginia counties29th of 55
- Rank by population among US county-equivalents1822nd
Boone County is the 29th largest of 55 West Virginia counties by population. A median home costs 1.6 times median household income, which is an affordable ownership market by national standards. Residents 65 and over outnumber those under 18, at 22.1 percent against 20.5 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.
Boone County
Is Boone County growing
- Population change since the 2020 census base-6.02 percent
- Census 2020 base population21,810
- Births, 2024197
- Deaths, 2024338
- Natural change, 2024-141
- Net domestic migration, 202427
- Net international migration, 202411
- Total net migration, 202438
- Cumulative net domestic migration, 2021 to 2024-581
- Rank by growth among US county-equivalents3050th
The county has lost 6.02 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.
Boone County
Where people moving to Boone County come from
- Tax returns filed by households arriving234
- People arriving, from those returns480
- Adjusted gross income arriving$7.9 m
- Net adjusted gross income movement$0
- Average income of an arriving household$33,782
- Largest single originBoone County Non-migrants (6,429 households)
- Largest single destination (6,429 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Boone County Non-migrants | 6,429 | 13,970 | $351.1 m |
| Other flows - Same State | 82 | 174 | $2.4 m |
| Kanawha County | 62 | 121 | $2.0 m |
| Logan County | 46 | 102 | $2.0 m |
| Other flows - Different State | 44 | 83 | $1.5 m |
| Other flows - South | 44 | 83 | $1.5 m |
The largest single source of arrivals is Boone 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.
Boone County
What the Boone County economy runs on
- County GDP, 2024$1.09 bn
- County GDP, 2023$799.6 m
- GDP change, 2023 to 202436.0 percent
- GDP change over five years76.8 percent
- Rank by GDP among West Virginia counties24th
- Rank by GDP among US county-equivalents1772nd
- GDP per resident$51,722
Output grew 36.0 percent in the latest year and 76.8 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.
Boone County
Who employs people in Boone County
- Covered employment, annual average4,753
- Establishments reporting420
- Average annual pay$73,771
- Average weekly wage$1,419
- Sector 44-45, employment569
- Sector 44-45, average annual pay$33,456
- Sector 72, employment223
- Sector 72, average annual pay$18,583
- Sector 81, employment166
- Sector 81, average annual pay$27,309
- Sector 48-49, employment133
- Sector 48-49, average annual pay$68,600
- Sector 52, employment105
- Sector 23, employment76
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 44-45 | 569 | 60 | $33,456 |
| Sector 72 | 223 | 20 | $18,583 |
| Sector 81 | 166 | 24 | $27,309 |
| Sector 48-49 | 133 | 15 | $68,600 |
| Sector 52 | 105 | 17 | $45,152 |
| Sector 23 | 76 | 20 | $59,488 |
| Sector 42 | 68 | 14 | $73,889 |
| Sector 31-33 | 65 | 4 | $53,237 |
The largest sector is the biggest private employer group at 569 jobs, 12.0 percent of covered employment. Average pay per job exceeds median household income, which usually means single earner households and a wage base that can carry rent.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Boone County
What businesses operate in Boone County
- Establishments, all industries241
- Employment at those establishments4,340
- Annual payroll$297.0 m
- Establishments per 1,000 residents11.5
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.
Boone County
What is being built in Boone County
- Housing units authorised by permit, 20247
- Declared construction value permitted$1.0 m
- Single family units authorised7
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$148,863
- Units authorised per 1,000 households0.9
Multifamily is 0.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Boone County
How much SBA lending happens in Boone County
- 7(a) approvals recorded7
- 7(a) gross approval dollars$2.0 m
- Average 7(a) approval$279,314
- Median 7(a) approval$150,000
- 10th percentile approval$31,900
- 90th percentile approval$1,325,000
- Largest single approval$1,325,000
- Jobs reported supported, 7(a)8
- Jobs per approval1.1
- Distinct 7(a) lenders active4
- Distinct industries receiving approvals5
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer0.0 percent
- Loans on real estate terms0
- Loans on working capital terms, 120 months or shorter6
- Franchise loans0
- Franchise share of approvals0.0 percent
- Leading industry by approval countPharmacies and Drug Retailers (3)
- Most active lenderBayFirst National Bank (3)
The average approval of $279,314 sits well above the median of $150,000, 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 0.0 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.
Boone County
Do SBA loans in Boone County get paid back
- Loans with a final outcome recorded1
- Paid in full1
- Charged off0
- Status: Paid in full1
- Status: Exempt from disclosure5
- 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.
Boone County
Which parts of Boone County get the lending
- Places in the county with recorded lending4
- DANVILLE, approvals4
- Ridgeview, approvals1
- PEYTONA, approvals1
- MADISON, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| DANVILLE | 4 | $1,775,000 |
| Ridgeview | 1 | $34,000 |
| PEYTONA | 1 | $31,900 |
| MADISON | 1 | $114,300 |
DANVILLE accounts for 4 approvals against 1 in Ridgeview. 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.
Boone County
How big is Boone County
- Land area502 sq mi
- Rank by land area among West Virginia counties16th of 55
- Width, east to west28.5 mi
- Height, north to south29.8 mi
- Geographies sharing a boundary5
- Residents per square mile of land42
- Establishments per square mile0.48
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 Boone 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 Boone County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population21,026
- Households7,927
- Average household size2.65
- Median household income$57,093
- Median age45.3
Common questions
Boone County questions, answered from the record.
How many people live in Boone County, West Virginia?
21,026, in 7,927 households, ranking 29th of 55 West Virginia counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Boone County growing?
The population has fallen 6.02 percent since the 2020 census base. In 2024 there were 197 births against 338 deaths, with net migration of 38. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Boone County?
$57,093. The median owner-occupied home is valued at $93,100, which is 1.6 times income, and median gross rent is $837 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Boone County?
241 establishments, employing 4,340 people with an annual payroll of $297.0 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 Boone County?
Average annual pay is $73,771, or $1,419 a week, across 4,753 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Boone County?
7 7(a) approvals totalling $2.0 m since FY2020, across 4 lenders, with a median approval of $150,000. These are approvals recorded in the release, not loans disbursed.
What is being built in Boone County?
7 housing units were authorised by permit in 2024, with a declared construction value of $1.0 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Boone 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 Boone County come from?
The largest single origin is Boone County Non-migrants, with 6,429 households. Arriving households report an average income of $33,782 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 Boone 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 Boone 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.