Montgomery County, Alabama: commercial real estate data.
Montgomery County, Alabama had an estimated 225,894 residents on July 1, 2024, down 1.3 percent since the 2020 census base of 228,957, across 784 square miles. County output reached $19.86 bn in 2024, 5,584 establishments operate here, and the SBA record carries 127 7(a) approvals worth $110.4 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Montgomery County
How many people live in Montgomery County
- Population, American Community Survey 2020-2024226,718
- Households91,381
- Average household size2.48
- Median household income$59,386
- Median age37.1
- Median gross rent$1,092 per month
- Median owner-occupied home value$171,900
- Home value to household income2.9 times
- Annual rent as a share of median income22.1 percent
- Adults 25 and over with a bachelor degree or higher34.5 percent
- Adults 25 and over with a graduate degree14.9 percent
- Adults 25 and over150,322
- Population under 1854,656
- Share under 1824.1 percent
- Population 65 and over36,690
- Share 65 and over16.2 percent
- Working age population, 18 to 64135,372
- Civilian labor force103,143
- Unemployment rate5.9 percent
- Labor force participation, adults 18 and over59.9 percent
- Rank by population among Alabama counties7th of 67
- Rank by population among US county-equivalents, Puerto Rico included316th of 3,222
Montgomery County is the 7th largest of 67 Alabama counties by population. A median home costs 2.9 times median household income, which is affordable by national standards. Residents under 18 outnumber those 65 and over, at 24.1 percent against 16.2 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Montgomery County
Is Montgomery County's population growing?
- Population, July 1, 2024225,894
- Census 2020 base population228,957
- Population change since the 2020 census base-1.34 percent
- Population change, 2023 to 2024-72
- Births, 20242,940
- Deaths, 20242,401
- Natural change, 2024539
- Net domestic migration, 2024-2,114
- Net international migration, 20241,500
- Total net migration, 2024-614
- Cumulative net domestic migration, 2021 to 2024-7,684
- Rank by growth among US county-equivalents2305th of 3,144
The county has lost 1.34 percent of its population since the 2020 census base. More people left than moved in during 2024 and births over deaths did not make up the difference, so the population fell.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Montgomery County
Where are people moving to Montgomery County from?
- Tax returns filed by households arriving4,849
- People arriving, from those returns9,298
- Tax returns filed by households leaving5,746
- Net household movement-897
- Adjusted gross income arriving$279.9 m
- Net adjusted gross income movement$-99.6 m
- Average income of an arriving household$57,715
- Average income of a leaving household$66,046
- Largest single originElmore County (478 households)
- Largest single destinationElmore County (751 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Elmore County | 478 | 898 | $22.8 m |
| Autauga County | 290 | 571 | $12.1 m |
| Jefferson County | 177 | 291 | $8.0 m |
| Lee County | 155 | 287 | $7.9 m |
| Lowndes County | 117 | 265 | $5.4 m |
| Dallas County | 111 | 239 | $3.8 m |
| Pike County | 92 | 176 | $3.4 m |
| Macon County | 77 | 157 | $2.4 m |
Households arriving report $8,331 less average income than households leaving, which drains spending power even where headcount holds up. The largest single source of arrivals is Elmore County, 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.
Montgomery County
What is the Montgomery County economy?
- County GDP, 2024$19.86 bn
- County GDP, 2023$18.75 bn
- GDP change, 2023 to 20245.9 percent
- GDP change over five years35.0 percent
- Rank by GDP among the Alabama areas BEA publishes4th of 67
- Rank by GDP among the US county areas BEA publishes260th of 3,127
- GDP per resident$87,593
Output grew 5.9 percent in the latest year and 35.0 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.
Montgomery County
Employment by industry in Montgomery County
- Covered employment, annual average132,903
- Establishments reporting7,267
- Average annual pay$61,610
- Average weekly wage$1,185
- Manufacturing, employment15,108
- Manufacturing, average annual pay$73,013
- Health care and social assistance, employment12,310
- Health care and social assistance, average annual pay$61,198
- Retail trade, employment11,705
- Retail trade, average annual pay$38,368
- Accommodation and food services, employment10,522
- Accommodation and food services, average annual pay$23,880
- Administrative and support and waste management services, employment9,688
- Professional, scientific and technical services, employment6,364
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Manufacturing | 15,108 | 232 | $73,013 |
| Health care and social assistance | 12,310 | 931 | $61,198 |
| Retail trade | 11,705 | 924 | $38,368 |
| Accommodation and food services | 10,522 | 614 | $23,880 |
| Administrative and support and waste management services | 9,688 | 455 | $36,311 |
| Professional, scientific and technical services | 6,364 | 948 | $93,394 |
| Transportation and warehousing | 5,387 | 192 | $55,847 |
| Construction | 5,154 | 394 | $73,214 |
Manufacturing is the largest private sector at 15,108 jobs, 11.4 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Montgomery County
How many businesses are in Montgomery County?
- Establishments, all industries5,584
- Employment at those establishments103,653
- Annual payroll$5.57 bn
- Establishments per 1,000 residents24.6
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Montgomery County
Building permits in Montgomery County
- Housing units authorized by permit, 2024460
- Declared construction value permitted$108.2 m
- Single family units authorized421
- Multifamily units authorized39
- Multifamily share of units8.5 percent
- Average declared value per unit$235,270
- Units authorized per 1,000 households5.0
Single-family homes are 91.5 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Montgomery County
SBA loans in Montgomery County (7(a) and 504)
- 7(a) approvals recorded127
- 7(a) gross approval dollars$110.4 m
- Average 7(a) approval$869,405
- Median 7(a) approval$330,000
- 10th percentile approval$50,000
- 90th percentile approval$2,760,000
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)1,604
- Jobs per approval12.6
- Distinct 7(a) lenders active56
- Distinct industries receiving approvals74
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer31.5 percent
- Loans on real estate terms40
- Loans on working capital terms, 120 months or shorter73
- Franchise loans27
- Franchise share of approvals21.3 percent
- Leading industry by approval countHotels (except Casino Hotels) and Motels (17)
- 504 approvals recorded51
- 504 gross approval dollars$35.8 m
- Average 504 approval$701,412
- Median 504 approval$477,000
- Distinct CDCs active4
- 504 jobs per approval8.1
- 504 jobs per million dollars approved11.6
- Most active CDCSouthern Development Council (31)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$146.2 m
The average approval of $869,405 sits well above the median of $330,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. 31.5 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.
Montgomery County
SBA loan default and charge-off rates in Montgomery County
Do SBA loans in Montgomery County get paid back?
- Loans with a final outcome recorded14
- Paid in full13
- Charged off1
- Status: Exempt from disclosure93
- Status: Paid in full13
- Status: Charged off1
- Status: Cancelled15
- Status: Committed, not yet disbursed5
Only 14 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Montgomery County
SBA lending by place in Montgomery County
- Borrower cities with recorded lending3
- Montgomery, approvals116
- Pike Road, approvals10
- Grady, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Montgomery | 116 | $103,250,000 |
| Pike Road | 10 | $6,764,400 |
| Grady | 1 | $400,000 |
Montgomery accounts for 116 approvals against 10 in Pike Road. 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.
Montgomery County
How large is Montgomery County?
- Land area784 sq mi
- Rank by land area among Alabama counties22nd of 67
- Width, east to west33.8 mi
- Height, north to south36.6 mi
- Geographies sharing a boundary7
- Residents per square mile of land289
- Establishments per square mile7.12
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.
Montgomery County
Flood risk in Montgomery County
- Participation of the county's own NFIP community Montgomery County, unincorporated areasParticipating, community 010278
- Communities in the county in the NFIP Community Status Book3
- Of those, participating in the NFIP3
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Montgomery County, EPA zone predicted average indoor radon screening level from 2 to 4 pCi/LZone 2
The county's own community in the status book, unincorporated Montgomery County (community 010278), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Montgomery County in radon zone 2, a predicted average indoor radon screening level from 2 to 4 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. 100.0 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Feasibility studies
When a Montgomery 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 Montgomery County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-2024226,718
- Households91,381
- Average household size2.48
- Median household income$59,386
- Median age37.1
Common questions
Montgomery County questions, answered from the record.
How many people live in Montgomery County, Alabama?
The Census Bureau estimates 225,894 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 226,718, in 91,381 households, ranking 7th of 67 Alabama counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Montgomery County's population growing?
The population has fallen 1.34 percent since the 2020 census base of 228,957, to 225,894 on July 1, 2024. In 2024 there were 2,940 births against 2,401 deaths, with net migration of -614. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Montgomery County?
$59,386. The median owner-occupied home is valued at $171,900, which is 2.9 times income, and median gross rent is $1,092 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Montgomery County?
5,584 establishments, employing 103,653 people with an annual payroll of $5.57 bn. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in Montgomery County?
Manufacturing is the largest private sector at 15,108 jobs, 11.4 percent of covered employment. Covered employment averages 132,903 jobs at an average annual pay of $61,610, or $1,185 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Montgomery County?
127 7(a) approvals totaling $110.4 m since FY2020, across 56 lenders, with a median approval of $330,000, plus 51 504 approvals worth $35.8 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Montgomery County?
460 housing units were authorized by permit in 2024, with a declared construction value of $108.2 m. Multifamily was 8.5 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Montgomery County?
Zone 2, a predicted average indoor radon screening level from 2 to 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 Montgomery County come from?
The largest single origin is Elmore County, with 478 households. Arriving households report an average income of $57,715 against $66,046 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Montgomery 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 Montgomery County?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Montgomery County
Cities and places in Montgomery.
2 Census places lie wholly or partly in Montgomery County. All 2 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Montgomery | city | 197,494 | 116 | Wholly in this county |
| Pike Road | city | 10,574 | 10 | Wholly in this county |
A further 1 of the county's 127 SBA 7(a) approvals are to borrowers in cities that match no Census place in Montgomery County, the largest being Grady (1). Those are postal cities, unincorporated areas and cities outside the county, so no place row claims them; they are counted in the county total above.
Nearby