Sumter County, Florida: commercial real estate data.
Sumter County, Florida had an estimated 154,693 residents on July 1, 2024, up 19.2 percent since the 2020 census base of 129,753, across 547 square miles. County output reached $7.56 bn in 2024, 2,081 establishments operate here, and the SBA record carries 51 7(a) approvals worth $43.8 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Sumter County
How many people live in Sumter County
- Population, American Community Survey 2020-2024143,408
- Households70,318
- Average household size2.04
- Median household income$76,508
- Median age68.5
- Median gross rent$1,269 per month
- Median owner-occupied home value$385,400
- Home value to household income5.0 times
- Annual rent as a share of median income19.9 percent
- Adults 25 and over with a bachelor degree or higher35.3 percent
- Adults 25 and over with a graduate degree14.2 percent
- Adults 25 and over129,083
- Population under 1810,245
- Share under 187.1 percent
- Population 65 and over82,722
- Share 65 and over57.7 percent
- Working age population, 18 to 6450,441
- Civilian labor force34,686
- Unemployment rate5.4 percent
- Labor force participation, adults 18 and over26.0 percent
- Rank by population among Florida counties34th of 67
- Rank by population among US county-equivalents, Puerto Rico included472nd of 3,222
Sumter County is the 34th largest of 67 Florida counties by population. A median home costs 5.0 times median household income, which is seriously unaffordable by national standards. Residents 65 and over outnumber those under 18, at 57.7 percent against 7.1 percent, which points demand at health care, services and single story product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Sumter County
Is Sumter County's population growing?
- Population, July 1, 2024154,693
- Census 2020 base population129,753
- Population change since the 2020 census base19.22 percent
- Population change, 2023 to 20242,536
- Births, 2024545
- Deaths, 20242,650
- Natural change, 2024-2,105
- Net domestic migration, 20244,385
- Net international migration, 2024253
- Total net migration, 20244,638
- Cumulative net domestic migration, 2021 to 202431,699
- Rank by growth among US county-equivalents20th of 3,144
The county has grown 19.22 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.
Sumter County
Where are people moving to Sumter County from?
- Tax returns filed by households arriving9,300
- People arriving, from those returns15,840
- Tax returns filed by households leaving4,441
- Net household movement4,859
- Adjusted gross income arriving$1.13 bn
- Net adjusted gross income movement$733.1 m
- Average income of an arriving household$121,395
- Average income of a leaving household$89,144
- Largest single originLake County (790 households)
- Largest single destinationLake County (577 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Lake County | 790 | 1,411 | $49.9 m |
| Marion County | 524 | 924 | $30.2 m |
| Orange County | 179 | 323 | $15.1 m |
| Pasco County | 171 | 314 | $15.5 m |
| Polk County | 155 | 311 | $20.2 m |
| Hillsborough County | 147 | 248 | $17.0 m |
| Pinellas County | 126 | 191 | $8.9 m |
| Hernando County | 124 | 248 | $6.4 m |
Households arriving report $32,251 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 Lake 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.
Sumter County
What is the Sumter County economy?
- County GDP, 2024$7.56 bn
- County GDP, 2023$6.85 bn
- GDP change, 2023 to 202410.3 percent
- GDP change over five years80.1 percent
- Rank by GDP among the Florida areas BEA publishes33rd of 67
- Rank by GDP among the US county areas BEA publishes554th of 3,127
- GDP per resident$52,706
Output grew 10.3 percent in the latest year and 80.1 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.
Sumter County
Employment by industry in Sumter County
- Covered employment, annual average40,436
- Establishments reporting2,697
- Average annual pay$57,856
- Average weekly wage$1,113
- Health care and social assistance, employment7,372
- Health care and social assistance, average annual pay$64,947
- Retail trade, employment5,801
- Retail trade, average annual pay$34,727
- Accommodation and food services, employment4,626
- Accommodation and food services, average annual pay$30,166
- Construction, employment4,188
- Construction, average annual pay$71,094
- Administrative and support and waste management services, employment1,934
- Manufacturing, employment1,374
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Health care and social assistance | 7,372 | 314 | $64,947 |
| Retail trade | 5,801 | 323 | $34,727 |
| Accommodation and food services | 4,626 | 232 | $30,166 |
| Construction | 4,188 | 248 | $71,094 |
| Administrative and support and waste management services | 1,934 | 195 | $72,649 |
| Manufacturing | 1,374 | 83 | $68,230 |
| Professional, scientific and technical services | 1,307 | 344 | $81,790 |
| Real estate and rental and leasing | 1,291 | 202 | $59,045 |
Health care and social assistance is the largest private sector at 7,372 jobs, 18.2 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Sumter County
How many businesses are in Sumter County?
- Establishments, all industries2,081
- Employment at those establishments31,813
- Annual payroll$1.60 bn
- Establishments per 1,000 residents14.5
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.
Sumter County
Building permits in Sumter County
- Housing units authorized by permit, 20243,961
- Declared construction value permitted$894.1 m
- Single family units authorized3,537
- Multifamily units authorized424
- Multifamily share of units10.7 percent
- Average declared value per unit$225,723
- Units authorized per 1,000 households56.3
Single-family homes are 89.3 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Sumter County
SBA loans in Sumter County (7(a) and 504)
- 7(a) approvals recorded51
- 7(a) gross approval dollars$43.8 m
- Average 7(a) approval$858,094
- Median 7(a) approval$346,000
- 10th percentile approval$53,500
- 90th percentile approval$2,900,000
- Largest single approval$4,000,000
- Jobs reported supported, 7(a)534
- Jobs per approval10.5
- Distinct 7(a) lenders active30
- Distinct industries receiving approvals33
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer23.5 percent
- Loans on real estate terms12
- Loans on working capital terms, 120 months or shorter34
- Franchise loans17
- Franchise share of approvals33.3 percent
- Leading industry by approval countLimited-Service Restaurants (7)
- 504 approvals recorded19
- 504 gross approval dollars$21.4 m
- Average 504 approval$1,127,263
- Median 504 approval$897,000
- Distinct CDCs active3
- 504 jobs per approval10.7
- 504 jobs per million dollars approved9.5
- Most active CDCFlorida Business Development Corporation (14)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$65.2 m
The average approval of $858,094 sits well above the median of $346,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. Only 23.5 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.
Sumter County
SBA loan default and charge-off rates in Sumter County
Do SBA loans in Sumter County get paid back?
- Loans with a final outcome recorded8
- Paid in full6
- Charged off2
- Status: Charged off2
- Status: Cancelled10
- Status: Paid in full6
- Status: Exempt from disclosure31
- Status: Committed, not yet disbursed2
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.
Sumter County
SBA lending by place in Sumter County
- Borrower cities with recorded lending7
- Wildwood, approvals16
- The Villages, approvals16
- Oxford, approvals6
- Lady Lake, approvals6
- Bushnell, approvals4
- Lake Panasoffkee, approvals2
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Wildwood | 16 | $17,631,800 |
| The Villages | 16 | $6,823,300 |
| Oxford | 6 | $7,536,000 |
| Lady Lake | 6 | $3,997,200 |
| Bushnell | 4 | $1,680,000 |
| Lake Panasoffkee | 2 | $2,094,500 |
| Webster | 1 | $4,000,000 |
Wildwood accounts for 16 approvals against 16 in The Villages. 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.
Sumter County
How large is Sumter County?
- Land area547 sq mi
- Rank by land area among Florida counties53rd of 67
- Width, east to west21.7 mi
- Height, north to south44.7 mi
- Geographies sharing a boundary6
- Residents per square mile of land262
- Establishments per square mile3.80
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.
Sumter County
Flood risk in Sumter County
- Participation of the county's own NFIP community Sumter County, unincorporated areasParticipating, community 120296
- Community Rating System class of the county's own communityClass 5
- Communities in the county in the NFIP Community Status Book6
- Of those, participating in the NFIP6
- NFIP participation rate100.0 percent
- Best Community Rating System class in the county A lower CRS class is a larger flood insurance premium discount.Class 5
- Communities carrying a CRS class4
- Radon levels in Sumter County, EPA zone predicted average indoor radon screening level less than 2 pCi/LZone 3
The county's own community in the status book, unincorporated Sumter County (community 120296), participates in the National Flood Insurance Program and carries Community Rating System class 5, a flood insurance premium discount for policies written there. The EPA places Sumter County in radon zone 3, a predicted average indoor radon screening level less than 2 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 5, which carries a flood insurance premium discount for policies written in that community. 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 Sumter 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 Sumter County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-2024143,408
- Households70,318
- Average household size2.04
- Median household income$76,508
- Median age68.5
Common questions
Sumter County questions, answered from the record.
How many people live in Sumter County, Florida?
The Census Bureau estimates 154,693 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 143,408, in 70,318 households, ranking 34th of 67 Florida counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Sumter County's population growing?
The population has grown 19.22 percent since the 2020 census base of 129,753, to 154,693 on July 1, 2024. In 2024 there were 545 births against 2,650 deaths, with net migration of 4,638. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Sumter County?
$76,508. The median owner-occupied home is valued at $385,400, which is 5.0 times income, and median gross rent is $1,269 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Sumter County?
2,081 establishments, employing 31,813 people with an annual payroll of $1.60 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 Sumter County?
Health care and social assistance is the largest private sector at 7,372 jobs, 18.2 percent of covered employment. Covered employment averages 40,436 jobs at an average annual pay of $57,856, or $1,113 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Sumter County?
51 7(a) approvals totaling $43.8 m since FY2020, across 30 lenders, with a median approval of $346,000, plus 19 504 approvals worth $21.4 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Sumter County?
3,961 housing units were authorized by permit in 2024, with a declared construction value of $894.1 m. Multifamily was 10.7 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Sumter County?
Zone 3, a predicted average indoor radon screening level less than 2 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Sumter County come from?
The largest single origin is Lake County, with 790 households. Arriving households report an average income of $121,395 against $89,144 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Sumter 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 Sumter 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.
Sumter County
Cities and places in Sumter.
7 Census places lie wholly or partly in Sumter County. All 7 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 |
|---|---|---|---|---|
| The Villages | CDP | 83,498 | 16 | 88.3 percent here, 11.7 percent Marion County |
| Wildwood | city | 17,608 | 16 | Wholly in this county |
| Lake Panasoffkee | CDP | 4,768 | 2 | Wholly in this county |
| Bushnell | city | 3,187 | 4 | Wholly in this county |
| Webster | city | 1,574 | 1 | Wholly in this county |
| Center Hill | city | 1,304 | None recorded | Wholly in this county |
| Coleman | city | 705 | None recorded | Wholly in this county |
A further 12 of the county's 51 SBA 7(a) approvals are to borrowers in cities that match no Census place in Sumter County, the largest being Oxford (6), Lady Lake (6). 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