HomeWest VirginiaMorgan County
Morgan County, West Virginia: commercial real estate data.
Morgan County, West Virginia has a population of 17,426 across 229 square miles, up 4.2 percent since the 2020 census base. County output reached $412.7 m in 2024, 232 establishments operate here, and the SBA record carries 13 7(a) approvals worth $3.0 m.
117 sourced county values · tier FULL · 11 sections
Morgan County
How many people live in Morgan County
- Population17,426
- Households7,342
- Average household size2.37
- Median household income$72,179
- Median age48.8
- Median gross rent$794 per month
- Median owner-occupied home value$240,600
- Home value to household income3.3 times
- Annual rent as a share of median income13.2 percent
- Adults 25 and over with a bachelor degree or higher18.0 percent
- Adults 25 and over with a graduate degree9.4 percent
- Adults 25 and over13,319
- Population under 182,964
- Share under 1817.0 percent
- Population 65 and over4,386
- Share 65 and over25.2 percent
- Working age population, 18 to 6410,076
- Civilian labor force8,512
- Unemployment rate3.9 percent
- Labor force participation, adults 18 and over58.9 percent
- Rank by population among West Virginia counties33rd of 55
- Rank by population among US county-equivalents2016th
Morgan County is the 33rd largest of 55 West 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 25.2 percent against 17.0 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.
Morgan County
Is Morgan County growing
- Population change since the 2020 census base4.20 percent
- Census 2020 base population17,064
- Births, 2024130
- Deaths, 2024228
- Natural change, 2024-98
- Net domestic migration, 2024283
- Net international migration, 202414
- Total net migration, 2024297
- Cumulative net domestic migration, 2021 to 20241,200
- Rank by growth among US county-equivalents653rd
The county has grown 4.20 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.
Morgan County
Where people moving to Morgan County come from
- Tax returns filed by households arriving569
- People arriving, from those returns1,036
- Adjusted gross income arriving$44.5 m
- Net adjusted gross income movement$0
- Average income of an arriving household$78,272
- Largest single originMorgan County Non-migrants (6,805 households)
- Largest single destination (6,805 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Morgan County Non-migrants | 6,805 | 13,204 | $418.6 m |
| Other flows - Different State | 318 | 542 | $31.1 m |
| Other flows - South | 218 | 366 | $25.0 m |
| Berkeley County | 117 | 242 | $6.3 m |
| Other flows - Northeast | 76 | 132 | $4.1 m |
| Washington County | 49 | 83 | $2.6 m |
| Other flows - Same State | 37 | 74 | $1.7 m |
| Frederick County | 26 | 52 | $1.6 m |
The largest single source of arrivals is Morgan 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.
Morgan County
What the Morgan County economy runs on
- County GDP, 2024$412.7 m
- County GDP, 2023$402.6 m
- GDP change, 2023 to 20242.5 percent
- GDP change over five years14.7 percent
- Rank by GDP among West Virginia counties43rd
- Rank by GDP among US county-equivalents2526th
- GDP per resident$23,681
Output grew 2.5 percent in the latest year and 14.7 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.
Morgan County
Who employs people in Morgan County
- Covered employment, annual average3,085
- Establishments reporting386
- Average annual pay$46,239
- Average weekly wage$889
- Sector 62, employment481
- Sector 62, average annual pay$54,330
- Sector 44-45, employment446
- Sector 44-45, average annual pay$36,734
- Sector 72, employment277
- Sector 72, average annual pay$20,649
- Sector 31-33, employment259
- Sector 31-33, average annual pay$41,748
- Sector 23, employment131
- Sector 81, employment103
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 62 | 481 | 40 | $54,330 |
| Sector 44-45 | 446 | 46 | $36,734 |
| Sector 72 | 277 | 28 | $20,649 |
| Sector 31-33 | 259 | 12 | $41,748 |
| Sector 23 | 131 | 28 | $56,857 |
| Sector 81 | 103 | 30 | $32,662 |
| Sector 54 | 82 | 48 | $108,888 |
| Sector 52 | 80 | 18 | $73,716 |
The largest sector is the biggest private employer group at 481 jobs, 15.6 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.
Morgan County
What businesses operate in Morgan County
- Establishments, all industries232
- Employment at those establishments2,173
- Annual payroll$83.0 m
- Establishments per 1,000 residents13.3
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.
Morgan County
What is being built in Morgan County
- Housing units authorised by permit, 2024103
- Declared construction value permitted$26.9 m
- Single family units authorised103
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$261,251
- Units authorised per 1,000 households14.0
Multifamily is 0.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Morgan County
How much SBA lending happens in Morgan County
- 7(a) approvals recorded13
- 7(a) gross approval dollars$3.0 m
- Average 7(a) approval$234,500
- Median 7(a) approval$274,500
- 10th percentile approval$25,000
- 90th percentile approval$432,000
- Largest single approval$500,000
- Jobs reported supported, 7(a)107
- Jobs per approval8.2
- Distinct 7(a) lenders active2
- Distinct industries receiving approvals6
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer15.4 percent
- Loans on real estate terms2
- Loans on working capital terms, 120 months or shorter7
- Franchise loans0
- Franchise share of approvals0.0 percent
- Leading industry by approval countSolar Electric Power Generation (3)
- Most active lenderManufacturers and Traders Trust Company (10)
- 504 approvals recorded3
- 504 gross approval dollars$1.0 m
- Average 504 approval$344,333
- Median 504 approval$378,000
- Distinct CDCs active2
- 504 jobs per approval13.0
- 504 jobs per million dollars approved37.8
- Most active CDCBusiness Finance Group, Inc. (2)
- 7(a) share of SBA approvals81.3 percent
- Combined SBA approval dollars$4.1 m
The average approval of $234,500 sits close to the median of $274,500, so lending here is fairly evenly sized rather than driven by a few large deals. Only 15.4 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.
Morgan County
Do SBA loans in Morgan County get paid back
- Loans with a final outcome recorded1
- Paid in full1
- Charged off0
- Status: Exempt from disclosure9
- Status: Cancelled2
- Status: Paid in full1
- 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.
Morgan County
Which parts of Morgan County get the lending
- Places in the county with recorded lending2
- Berkeley Springs, approvals11
- PAW PAW, approvals2
| Place | Approvals | Gross approval dollars |
|---|---|---|
| Berkeley Springs | 11 | $2,588,500 |
| PAW PAW | 2 | $460,000 |
Berkeley Springs accounts for 11 approvals against 2 in PAW PAW. 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.
Morgan County
How big is Morgan County
- Land area229 sq mi
- Rank by land area among West Virginia counties49th of 55
- Width, east to west23.7 mi
- Height, north to south21 mi
- Geographies sharing a boundary2
- Residents per square mile of land76
- Establishments per square mile1.01
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 Morgan 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 Morgan County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population17,426
- Households7,342
- Average household size2.37
- Median household income$72,179
- Median age48.8
Common questions
Morgan County questions, answered from the record.
How many people live in Morgan County, West Virginia?
17,426, in 7,342 households, ranking 33rd of 55 West Virginia counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Morgan County growing?
The population has grown 4.20 percent since the 2020 census base. In 2024 there were 130 births against 228 deaths, with net migration of 297. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Morgan County?
$72,179. The median owner-occupied home is valued at $240,600, which is 3.3 times income, and median gross rent is $794 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Morgan County?
232 establishments, employing 2,173 people with an annual payroll of $83.0 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 Morgan County?
Average annual pay is $46,239, or $889 a week, across 3,085 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Morgan County?
13 7(a) approvals totalling $3.0 m since FY2020, across 2 lenders, with a median approval of $274,500, plus 3 504 approvals worth $1.0 m. These are approvals recorded in the release, not loans disbursed.
What is being built in Morgan County?
103 housing units were authorised by permit in 2024, with a declared construction value of $26.9 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Morgan 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 Morgan County come from?
The largest single origin is Morgan County Non-migrants, with 6,805 households. Arriving households report an average income of $78,272 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 Morgan 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 Morgan 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.