HomeAlabamaPike CountyBanks town
Banks town, Alabama: commercial real estate data.
Banks town 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.
65 sourced place values · tier FULL · 7 sections · 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
- Ninetieth percentile 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
A charge-off rate is not published here. only 0 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Pike County, not Banks
Pike County context, not Banks figures
These are Pike County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Banks measurements.
- Establishments in Pike County650
- Employment at those establishments, Pike County13,062
- Covered employment, Pike County15,411
- Average annual pay, Pike County$51,656
- Average weekly wage, Pike County$993
- Housing units permitted, Pike County43
- Of those, single family, Pike County43
- County product, 2024, Pike County$2,066,542,000
- County product change over the prior year, Pike County5.1 percent
- Average income of an arriving household, Pike County$47,091
Every figure in this section is published for Pike County as a whole and is not a measurement of Banks. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
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. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
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.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- No median owner-occupied home value is published for this place.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
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 totalling $1.5 m, 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 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Banks figures?
No, and they are labelled 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.