Elbert County, Colorado: commercial real estate data.
Elbert County, Colorado had an estimated 29,382 residents on July 1, 2024, up 12.8 percent since the 2020 census base of 26,046, across 1,851 square miles. County output reached $1.04 bn in 2024, 722 establishments operate here, and the SBA record carries 62 7(a) approvals worth $32.7 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Elbert County
How many people live in Elbert County
- Population, American Community Survey 2020-202427,874
- Households10,004
- Average household size2.79
- Median household income$132,685
- Median age45.0
- Median gross rent$1,311 per month
- Median owner-occupied home value$709,800
- Home value to household income5.3 times
- Annual rent as a share of median income11.9 percent
- Adults 25 and over with a bachelor degree or higher36.1 percent
- Adults 25 and over with a graduate degree10.8 percent
- Adults 25 and over20,179
- Population under 185,919
- Share under 1821.2 percent
- Population 65 and over5,246
- Share 65 and over18.8 percent
- Working age population, 18 to 6416,709
- Civilian labor force14,867
- Unemployment rate3.4 percent
- Labor force participation, adults 18 and over67.7 percent
- Rank by population among Colorado counties21st of 64
- Rank by population among US county-equivalents, Puerto Rico included1548th of 3,222
Elbert County is the 21st largest of 64 Colorado counties by population. A median home costs 5.3 times median household income, which is severely unaffordable by national standards. Residents under 18 outnumber those 65 and over, at 21.2 percent against 18.8 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Elbert County
Is Elbert County's population growing?
- Population, July 1, 202429,382
- Census 2020 base population26,046
- Population change since the 2020 census base12.81 percent
- Population change, 2023 to 2024570
- Births, 2024297
- Deaths, 2024218
- Natural change, 202479
- Net domestic migration, 2024489
- Net international migration, 20246
- Total net migration, 2024495
- Cumulative net domestic migration, 2021 to 20242,954
- Rank by growth among US county-equivalents93rd of 3,144
The county has grown 12.81 percent since the 2020 census base. The population grew in 2024 from both sources: births exceeded deaths and more people moved in than left.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Elbert County
Where are people moving to Elbert County from?
- Tax returns filed by households arriving1,416
- People arriving, from those returns2,950
- Tax returns filed by households leaving1,129
- Net household movement287
- Adjusted gross income arriving$151.0 m
- Net adjusted gross income movement$57.6 m
- Average income of an arriving household$106,634
- Average income of a leaving household$82,733
- Largest single originDouglas County (427 households)
- Largest single destinationDouglas County (218 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Douglas County | 427 | 963 | $52.9 m |
| Arapahoe County | 256 | 572 | $27.0 m |
| Jefferson County | 96 | 185 | $9.1 m |
| El Paso County | 93 | 183 | $6.2 m |
| Denver County | 87 | 148 | $7.3 m |
| Adams County | 66 | 139 | $9.1 m |
Households arriving report $23,901 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 Douglas 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.
Elbert County
What is the Elbert County economy?
- County GDP, 2024$1.04 bn
- County GDP, 2023$950.7 m
- GDP change, 2023 to 20249.6 percent
- GDP change over five years37.4 percent
- Rank by GDP among the Colorado areas BEA publishes31st of 64
- Rank by GDP among the US county areas BEA publishes1813th of 3,127
- GDP per resident$37,377
Output grew 9.6 percent in the latest year and 37.4 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.
Elbert County
Employment by industry in Elbert County
- Covered employment, annual average4,889
- Establishments reporting900
- Average annual pay$60,082
- Average weekly wage$1,155
- Construction, employment1,018
- Construction, average annual pay$66,690
- Retail trade, employment570
- Retail trade, average annual pay$33,767
- Accommodation and food services, employment392
- Accommodation and food services, average annual pay$21,723
- Professional, scientific and technical services, employment343
- Professional, scientific and technical services, average annual pay$108,514
- Administrative and support and waste management services, employment256
- Wholesale trade, employment213
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Construction | 1,018 | 195 | $66,690 |
| Retail trade | 570 | 44 | $33,767 |
| Accommodation and food services | 392 | 32 | $21,723 |
| Professional, scientific and technical services | 343 | 162 | $108,514 |
| Administrative and support and waste management services | 256 | 63 | $67,684 |
| Wholesale trade | 213 | 54 | $128,951 |
| Other services, except public administration | 144 | 60 | $57,377 |
| Manufacturing | 131 | 26 | $53,712 |
Construction is the largest private sector at 1,018 jobs, 20.8 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Elbert County
How many businesses are in Elbert County?
- Establishments, all industries722
- Employment at those establishments3,474
- Annual payroll$170.3 m
- Establishments per 1,000 residents25.9
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.
Elbert County
Building permits in Elbert County
- Housing units authorized by permit, 2024458
- Declared construction value permitted$208.7 m
- Single family units authorized458
- Multifamily units authorized0
- Multifamily share of units0.0 percent
- Average declared value per unit$455,715
- Units authorized per 1,000 households45.8
Single-family homes are 100.0 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Elbert County
SBA loans in Elbert County (7(a) and 504)
- 7(a) approvals recorded62
- 7(a) gross approval dollars$32.7 m
- Average 7(a) approval$526,655
- Median 7(a) approval$173,700
- 10th percentile approval$23,200
- 90th percentile approval$1,540,300
- Largest single approval$4,000,000
- Jobs reported supported, 7(a)596
- Jobs per approval9.6
- Distinct 7(a) lenders active30
- Distinct industries receiving approvals41
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer17.7 percent
- Loans on real estate terms11
- Loans on working capital terms, 120 months or shorter51
- Franchise loans4
- Franchise share of approvals6.5 percent
- Leading industry by approval countPlumbing, Heating, and Air-Conditioning Contractors (5)
- Most active lenderThe Huntington National Bank (13)
- 504 approvals recorded8
- 504 gross approval dollars$3.8 m
- Average 504 approval$477,375
- Median 504 approval$425,500
- Distinct CDCs active4
- 504 jobs per approval4.9
- 504 jobs per million dollars approved10.2
- Most active CDCB:Side Capital (4)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$36.5 m
The average approval of $526,655 sits well above the median of $173,700, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. Only 17.7 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.
Elbert County
SBA loan default and charge-off rates in Elbert County
Do SBA loans in Elbert County get paid back?
- Loans with a final outcome recorded3
- Paid in full3
- Charged off0
- Status: Cancelled5
- Status: Paid in full3
- Status: Exempt from disclosure45
- Status: Committed, not yet disbursed9
Only 3 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.
Elbert County
SBA lending by place in Elbert County
- Borrower cities with recorded lending8
- Elizabeth, approvals38
- Kiowa, approvals13
- Parker, approvals6
- Pueblo West, approvals1
- Peyton, approvals1
- Simla, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Elizabeth | 38 | $18,940,100 |
| Kiowa | 13 | $10,272,000 |
| Parker | 6 | $2,012,100 |
| Pueblo West | 1 | $720,000 |
| Peyton | 1 | $500,000 |
| Simla | 1 | $140,000 |
| Elbert | 1 | $45,400 |
| Calhan | 1 | $23,000 |
Elizabeth accounts for 38 approvals against 13 in Kiowa. 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.
Elbert County
How large is Elbert County?
- Land area1,851 sq mi
- Rank by land area among Colorado counties21st of 64
- Width, east to west50.9 mi
- Height, north to south48.3 mi
- Geographies sharing a boundary4
- Residents per square mile of land15
- Establishments per square mile0.39
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.
Elbert County
Flood risk in Elbert County
- Participation of the county's own NFIP community Elbert County, unincorporated areasParticipating, community 080055
- Communities in the county in the NFIP Community Status Book4
- Of those, participating in the NFIP4
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Elbert County, EPA zone predicted average indoor radon screening level greater than 4 pCi/LZone 1
The county's own community in the status book, unincorporated Elbert County (community 080055), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Elbert County in radon zone 1, a predicted average indoor radon screening level greater than 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 Elbert 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 Elbert County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202427,874
- Households10,004
- Average household size2.79
- Median household income$132,685
- Median age45.0
Common questions
Elbert County questions, answered from the record.
How many people live in Elbert County, Colorado?
The Census Bureau estimates 29,382 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 27,874, in 10,004 households, ranking 21st of 64 Colorado counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Elbert County's population growing?
The population has grown 12.81 percent since the 2020 census base of 26,046, to 29,382 on July 1, 2024. In 2024 there were 297 births against 218 deaths, with net migration of 495. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Elbert County?
$132,685. The median owner-occupied home is valued at $709,800, which is 5.3 times income, and median gross rent is $1,311 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Elbert County?
722 establishments, employing 3,474 people with an annual payroll of $170.3 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 Elbert County?
Construction is the largest private sector at 1,018 jobs, 20.8 percent of covered employment. Covered employment averages 4,889 jobs at an average annual pay of $60,082, or $1,155 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Elbert County?
62 7(a) approvals totaling $32.7 m since FY2020, across 30 lenders, with a median approval of $173,700, plus 8 504 approvals worth $3.8 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Elbert County?
458 housing units were authorized by permit in 2024, with a declared construction value of $208.7 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Elbert 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 Elbert County come from?
The largest single origin is Douglas County, with 427 households. Arriving households report an average income of $106,634 against $82,733 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Elbert 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 Elbert 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.
Elbert County
Cities and places in Elbert.
6 Census places lie wholly or partly in Elbert County. All 6 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 |
|---|---|---|---|---|
| Ponderosa Park | CDP | 3,453 | None recorded | Wholly in this county |
| Elizabeth | town | 2,244 | 38 | Wholly in this county |
| Kiowa | town | 673 | 13 | Wholly in this county |
| Simla | town | 423 | 1 | Wholly in this county |
| Elbert | CDP | 164 | 1 | Wholly in this county |
| Matheson | CDP | 34 | None recorded | Wholly in this county |
A further 9 of the county's 62 SBA 7(a) approvals are to borrowers in cities that match no Census place in Elbert County, the largest being Parker (6), Pueblo West (1), Peyton (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