Banks, Alabama: commercial real estate data.
Banks is a Census town of 320 people across 1.99 square miles of land, in Pike County. Median household income is $50,000, 63.1 percent of occupied homes are owned, and the SBA record carries 1 7(a) approvals to borrowers here worth $1.5 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Banks
What Banks is
- Census place typetown
- Land area1.99 sq mi
- Water area0 sq mi
- Population per square mile of land161 plus or minus 71
- County holding the largest share of its areaPike County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Banks
How many people live in Banks
- Population320 plus or minus 141
- Median age29.6 plus or minus 6.9
- Population under 1853 plus or minus 32
- Share under 1816.6 percent plus or minus 6.6
- Population 65 and over42 plus or minus 28
- Share 65 and over13.1 percent plus or minus 6.7
- Households122 plus or minus 51
- Family households61 plus or minus 30
- Share of households that are families50.0 percent plus or minus 13.0
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Banks
Income and work in Banks
- Median household income$50,000 plus or minus $24,700
- Per capita income$31,368
- Civilian labor force201 plus or minus 117
- Employed179 plus or minus 93
- Unemployed22 plus or minus 36
- Unemployment rate10.9 percent plus or minus 16.7
- Adults 25 and over180 plus or minus 62
- Adults 25 and over with a high school diploma or higher77.2 percent plus or minus 18.1
- Adults 25 and over with a bachelor degree or higher20.0 percent plus or minus 12.7
- Adults 25 and over with a graduate degree2.2 percent plus or minus 7.7
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Banks
Housing in Banks
- Housing units146 plus or minus 50
- Occupied units122 plus or minus 51
- Vacant units24 plus or minus 17
- Vacancy rate16.4 percent plus or minus 10.2
- Owner occupied77 plus or minus 29
- Renter occupied45 plus or minus 40
- Ownership rate63.1 percent plus or minus 35.5
- Median gross rent, monthly$1,080 plus or minus $291
- Annual rent as a share of median income25.9 percent plus or minus 14.6
- Single family units76 plus or minus 35
- Share single family52.1 percent plus or minus 16.5
- Units in buildings of two or more0
- Share in buildings of two or more0.0 percent
- Mobile homes70 plus or minus 40
- Median year structure built1981
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Banks
How Banks gets to work
- Workers 16 and over who commute172 plus or minus 92
- Commuting under 15 minutes49 plus or minus 33
- Share commuting under 15 minutes28.5 percent plus or minus 11.9
- Commuting 30 minutes or more68 plus or minus 59
- Share commuting 30 minutes or more39.5 percent plus or minus 27.0
- Drove alone74.3 percent plus or minus 17.7
- Carpooled21.8 percent plus or minus 23.7
- Public transport0.0 percent
- Walked0.0 percent
- Worked from home3.9 percent plus or minus 3.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Banks
SBA loans in Banks (7(a))
- Approvals1
- Gross approval$1,546,000
- Average approval$1,546,000
- Median approval$1,546,000
- Largest approval$1,546,000
- Jobs supported2
- Jobs per approval2.0
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term207 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders1
- Distinct industries by NAICS1
Counted by borrower city: approvals to borrowers whose address is in Banks, in any county, FY2020 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Banks
Flood risk in Banks
- NFIP communityTown of Banks
- NFIP community number010479
- Participating in the NFIPNo
- Community Rating System classNone
- Currently effective map date12/02/11
The Town of Banks does not participate in the National Flood Insurance Program as community 010479 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Pike County, not Banks
Pike County context, not Banks figures
- Establishments in Pike County650
- Covered employment, Pike County15,411
- Average annual pay, Pike County$51,656
- Housing units permitted, Pike County43
Every figure in this section is published for Pike County as a whole and is not a measurement of Banks.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, 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 →
Common questions
Banks questions, answered from the record.
How many people live in Banks, Alabama?
320, in 122 households. Banks town covers 1.99 square miles of land, which is 161 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Banks in?
Pike County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Banks?
$50,000. Median gross rent is $1,080 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Banks businesses?
1 7(a) approvals totaling $1.5 m since FY2020, across 1 lenders, median approval $1,546,000. These count approvals to borrowers whose address is in Banks, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Banks borrowers get paid back?
No rate is published for Banks. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Banks in the National Flood Insurance Program?
No, it is listed but not participating. Banks appears in the FEMA Community Status Book as Banks, town of, community 010479, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Banks figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Pike County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Banks.
Is zoning published for Banks?
No. Nothing on this page presents parcel level zoning.