Boone County, Arkansas: commercial real estate data.
Boone County, Arkansas had an estimated 38,636 residents on July 1, 2024, up 3.4 percent since the 2020 census base of 37,374, across 590 square miles. County output reached $1.93 bn in 2024, 916 establishments operate here, and the SBA record carries 21 7(a) approvals worth $22.2 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Boone County
How many people live in Boone County
- Population, American Community Survey 2020-202438,138
- Households15,363
- Average household size2.48
- Median household income$55,143
- Median age41.4
- Median gross rent$733 per month
- Median owner-occupied home value$188,900
- Home value to household income3.4 times
- Annual rent as a share of median income16.0 percent
- Adults 25 and over with a bachelor degree or higher17.2 percent
- Adults 25 and over with a graduate degree5.7 percent
- Adults 25 and over26,726
- Population under 188,586
- Share under 1822.5 percent
- Population 65 and over8,083
- Share 65 and over21.2 percent
- Working age population, 18 to 6421,469
- Civilian labor force17,245
- Unemployment rate2.5 percent
- Labor force participation, adults 18 and over58.4 percent
- Rank by population among Arkansas counties20th of 75
- Rank by population among US county-equivalents, Puerto Rico included1250th of 3,222
Boone County is the 20th largest of 75 Arkansas counties by population. A median home costs 3.4 times median household income, which is moderately unaffordable by national standards. Residents under 18 outnumber those 65 and over, at 22.5 percent against 21.2 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Boone County
Is Boone County's population growing?
- Population, July 1, 202438,636
- Census 2020 base population37,374
- Population change since the 2020 census base3.38 percent
- Population change, 2023 to 2024120
- Births, 2024398
- Deaths, 2024506
- Natural change, 2024-108
- Net domestic migration, 2024230
- Net international migration, 20243
- Total net migration, 2024233
- Cumulative net domestic migration, 2021 to 20241,874
- Rank by growth among US county-equivalents801st of 3,144
The county has grown 3.38 percent since the 2020 census base. Deaths exceeded births in 2024 and the population still grew, so all of the growth came from people moving in. A market held up by migration 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 are people moving to Boone County from?
- Tax returns filed by households arriving1,014
- People arriving, from those returns1,987
- Tax returns filed by households leaving842
- Net household movement172
- Adjusted gross income arriving$51.8 m
- Net adjusted gross income movement$10.2 m
- Average income of an arriving household$51,048
- Average income of a leaving household$49,404
- Largest single originCarroll County (73 households)
- Largest single destinationCarroll County (71 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Carroll County | 73 | 145 | $2.1 m |
| Newton County | 73 | 143 | $2.5 m |
| Taney County | 65 | 135 | $4.6 m |
| Washington County | 62 | 92 | $3.0 m |
| Marion County | 48 | 89 | $1.8 m |
| Searcy County | 29 | 48 | $1.7 m |
| Benton County | 28 | 56 | $1.6 m |
| Greene County | 22 | 37 | $691,000 |
Households arriving report $1,644 more average income than households leaving, so the migration is raising local spending power rather than just moving it around. The largest single source of arrivals is Carroll 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.
Boone County
What is the Boone County economy?
- County GDP, 2024$1.93 bn
- County GDP, 2023$1.85 bn
- GDP change, 2023 to 20244.8 percent
- GDP change over five years39.8 percent
- Rank by GDP among the Arkansas areas BEA publishes20th of 75
- Rank by GDP among the US county areas BEA publishes1311th of 3,127
- GDP per resident$50,699
Output grew 4.8 percent in the latest year and 39.8 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
Employment by industry in Boone County
- Covered employment, annual average14,330
- Establishments reporting989
- Average annual pay$48,350
- Average weekly wage$930
- Retail trade, employment2,200
- Retail trade, average annual pay$35,747
- Health care and social assistance, employment1,627
- Health care and social assistance, average annual pay$44,419
- Manufacturing, employment1,575
- Manufacturing, average annual pay$48,729
- Accommodation and food services, employment1,266
- Accommodation and food services, average annual pay$20,027
- Transportation and warehousing, employment1,214
- Administrative and support and waste management services, employment947
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Retail trade | 2,200 | 143 | $35,747 |
| Health care and social assistance | 1,627 | 138 | $44,419 |
| Manufacturing | 1,575 | 54 | $48,729 |
| Accommodation and food services | 1,266 | 68 | $20,027 |
| Transportation and warehousing | 1,214 | 39 | $75,388 |
| Administrative and support and waste management services | 947 | 64 | $63,558 |
| Wholesale trade | 411 | 48 | $56,024 |
| Finance and insurance | 328 | 54 | $79,111 |
Retail trade is the largest private sector at 2,200 jobs, 15.4 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Boone County
How many businesses are in Boone County?
- Establishments, all industries916
- Employment at those establishments12,566
- Annual payroll$571.5 m
- Establishments per 1,000 residents24.0
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.
Boone County
Building permits in Boone County
- Housing units authorized by permit, 202496
- Declared construction value permitted$10.4 m
- Single family units authorized20
- Multifamily units authorized76
- Multifamily share of units79.2 percent
- Average declared value per unit$107,967
- Units authorized per 1,000 households6.2
Multifamily is 79.2 percent of units authorized, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Boone County
SBA loans in Boone County (7(a) and 504)
- 7(a) approvals recorded21
- 7(a) gross approval dollars$22.2 m
- Average 7(a) approval$1,057,143
- Median 7(a) approval$430,000
- 10th percentile approval$60,000
- 90th percentile approval$2,760,000
- Largest single approval$4,675,000
- Jobs reported supported, 7(a)422
- Jobs per approval20.1
- Distinct 7(a) lenders active12
- Distinct industries receiving approvals17
- Median 7(a) term122 months
- Share of loans on real estate terms, 240 months or longer42.9 percent
- Loans on real estate terms9
- Loans on working capital terms, 120 months or shorter10
- Franchise loans3
- Franchise share of approvals14.3 percent
- 504 approvals recorded4
- 504 gross approval dollars$3.4 m
- Average 504 approval$841,500
- Median 504 approval$770,500
- Distinct CDCs active2
- 504 jobs per approval12.5
- 504 jobs per million dollars approved14.9
- Most active CDCRural Missouri, Inc. (3)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$25.6 m
The average approval of $1,057,143 sits well above the median of $430,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. 42.9 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.
Boone County
SBA loan default and charge-off rates in Boone County
Do SBA loans in Boone County get paid back?
- Loans with a final outcome recorded8
- Paid in full8
- Charged off0
- Status: Paid in full8
- Status: Exempt from disclosure13
Only 8 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.
Boone County
SBA lending by place in Boone County
- Borrower cities with recorded lending2
- Harrison, approvals20
- Omaha, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Harrison | 20 | $22,100,000 |
| Omaha | 1 | $100,000 |
Harrison accounts for 20 approvals against 1 in Omaha. 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 large is Boone County?
- Land area590 sq mi
- Rank by land area among Arkansas counties61st of 75
- Width, east to west24.9 mi
- Height, north to south26.5 mi
- Geographies sharing a boundary5
- Residents per square mile of land65
- Establishments per square mile1.55
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.
Boone County
Flood risk in Boone County
- Participation of the county's own NFIP community Boone County, unincorporated areasNot participating, community 050016
- Communities in the county in the NFIP Community Status Book10
- Of those, participating in the NFIP4
- NFIP participation rate40.0 percent
- Best Community Rating System class in the county A lower CRS class is a larger flood insurance premium discount.Class 10
- Communities carrying a CRS class1
- Radon levels in Boone 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 Boone County (community 050016), does not participate in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Boone 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. The best Community Rating System class among the county's communities is 10, which carries a flood insurance premium discount for policies written in that community. 40.0 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 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.
- Population, American Community Survey 2020-202438,138
- Households15,363
- Average household size2.48
- Median household income$55,143
- Median age41.4
Common questions
Boone County questions, answered from the record.
How many people live in Boone County, Arkansas?
The Census Bureau estimates 38,636 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 38,138, in 15,363 households, ranking 20th of 75 Arkansas counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Boone County's population growing?
The population has grown 3.38 percent since the 2020 census base of 37,374, to 38,636 on July 1, 2024. In 2024 there were 398 births against 506 deaths, with net migration of 233. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Boone County?
$55,143. The median owner-occupied home is valued at $188,900, which is 3.4 times income, and median gross rent is $733 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Boone County?
916 establishments, employing 12,566 people with an annual payroll of $571.5 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in Boone County?
Retail trade is the largest private sector at 2,200 jobs, 15.4 percent of covered employment. Covered employment averages 14,330 jobs at an average annual pay of $48,350, or $930 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Boone County?
21 7(a) approvals totaling $22.2 m since FY2020, across 12 lenders, with a median approval of $430,000, plus 4 504 approvals worth $3.4 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Boone County?
96 housing units were authorized by permit in 2024, with a declared construction value of $10.4 m. Multifamily was 79.2 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Boone 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 Boone County come from?
The largest single origin is Carroll County, with 73 households. Arriving households report an average income of $51,048 against $49,404 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?
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.
Boone County
Cities and places in Boone.
12 Census places lie wholly or partly in Boone County. All 12 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 |
|---|---|---|---|---|
| Harrison | city | 13,350 | 20 | Wholly in this county |
| Diamond City | city | 672 | None recorded | Wholly in this county |
| Bergman | town | 542 | None recorded | Wholly in this county |
| Alpena | town | 510 | None recorded | 20.4 percent here, 79.6 percent Carroll County |
| Bellefonte | town | 428 | None recorded | Wholly in this county |
| Lead Hill | town | 320 | None recorded | Wholly in this county |
| Batavia | CDP | 307 | None recorded | Wholly in this county |
| Omaha | town | 174 | 1 | Wholly in this county |
| Valley Springs | town | 121 | None recorded | Wholly in this county |
| Everton | town | 79 | None recorded | Wholly in this county |
| South Lead Hill | town | 69 | None recorded | Wholly in this county |
| Zinc | town | 45 | None recorded | Wholly in this county |
Nearby