Carroll County, Indiana: commercial real estate data.
Carroll County, Indiana had an estimated 20,747 residents on July 1, 2024, up 2.2 percent since the 2020 census base of 20,299, across 372 square miles. County output reached $951.5 m in 2024, 405 establishments operate here, and the SBA record carries 16 7(a) approvals worth $2.7 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Carroll County
How many people live in Carroll County
- Population, American Community Survey 2020-202420,535
- Households8,085
- Average household size2.54
- Median household income$65,645
- Median age43.2
- Median gross rent$890 per month
- Median owner-occupied home value$180,900
- Home value to household income2.8 times
- Annual rent as a share of median income16.3 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 over14,538
- Population under 184,470
- Share under 1821.8 percent
- Population 65 and over4,255
- Share 65 and over20.7 percent
- Working age population, 18 to 6411,810
- Civilian labor force10,551
- Unemployment rate3.1 percent
- Labor force participation, adults 18 and over65.7 percent
- Rank by population among Indiana counties70th of 92
- Rank by population among US county-equivalents, Puerto Rico included1850th of 3,222
Carroll County is the 70th largest of 92 Indiana counties by population. A median home costs 2.8 times median household income, which is affordable by national standards. Residents under 18 outnumber those 65 and over, at 21.8 percent against 20.7 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Carroll County
Is Carroll County's population growing?
- Population, July 1, 202420,747
- Census 2020 base population20,299
- Population change since the 2020 census base2.21 percent
- Population change, 2023 to 2024177
- Births, 2024224
- Deaths, 2024210
- Natural change, 202414
- Net domestic migration, 2024137
- Net international migration, 202427
- Total net migration, 2024164
- Cumulative net domestic migration, 2021 to 2024326
- Rank by growth among US county-equivalents1103rd of 3,144
The county has grown 2.21 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.
Carroll County
Where are people moving to Carroll County from?
- Tax returns filed by households arriving632
- People arriving, from those returns1,152
- Tax returns filed by households leaving588
- Net household movement44
- Adjusted gross income arriving$32.3 m
- Net adjusted gross income movement$3.5 m
- Average income of an arriving household$51,123
- Average income of a leaving household$49,056
- Largest single originTippecanoe County (193 households)
- Largest single destinationTippecanoe County (169 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Tippecanoe County | 193 | 357 | $9.4 m |
| White County | 90 | 181 | $4.7 m |
| Howard County | 46 | 80 | $2.4 m |
| Clinton County | 44 | 76 | $1.8 m |
| Cass County | 33 | 48 | $1.4 m |
Households arriving report $2,067 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 Tippecanoe 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.
Carroll County
What is the Carroll County economy?
- County GDP, 2024$951.5 m
- County GDP, 2023$942.1 m
- GDP change, 2023 to 20241.0 percent
- GDP change over five years31.4 percent
- Rank by GDP among the Indiana areas BEA publishes71st of 92
- Rank by GDP among the US county areas BEA publishes1881st of 3,127
- GDP per resident$46,336
Output grew 1.0 percent in the latest year and 31.4 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.
Carroll County
Employment by industry in Carroll County
- Covered employment, annual average5,562
- Establishments reporting436
- Average annual pay$49,734
- Average weekly wage$956
- Retail trade, employment388
- Retail trade, average annual pay$36,116
- Construction, employment329
- Construction, average annual pay$65,930
- Agriculture, forestry, fishing and hunting, employment197
- Agriculture, forestry, fishing and hunting, average annual pay$45,279
- Administrative and support and waste management services, employment186
- Administrative and support and waste management services, average annual pay$42,075
- Professional, scientific and technical services, employment153
- Other services, except public administration, employment128
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Retail trade | 388 | 49 | $36,116 |
| Construction | 329 | 55 | $65,930 |
| Agriculture, forestry, fishing and hunting | 197 | 37 | $45,279 |
| Administrative and support and waste management services | 186 | 23 | $42,075 |
| Professional, scientific and technical services | 153 | 32 | $45,807 |
| Other services, except public administration | 128 | 24 | $42,768 |
| Finance and insurance | 96 | 26 | $60,393 |
Retail trade is the largest private sector at 388 jobs, 7.0 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Carroll County
How many businesses are in Carroll County?
- Establishments, all industries405
- Employment at those establishments5,264
- Annual payroll$247.8 m
- Establishments per 1,000 residents19.7
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.
Carroll County
Building permits in Carroll County
- Housing units authorized by permit, 202432
- Declared construction value permitted$11.1 m
- Single family units authorized32
- Multifamily units authorized0
- Multifamily share of units0.0 percent
- Average declared value per unit$346,745
- Units authorized per 1,000 households4.0
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.
Carroll County
SBA loans in Carroll County (7(a) and 504)
- 7(a) approvals recorded16
- 7(a) gross approval dollars$2.7 m
- Average 7(a) approval$167,025
- Median 7(a) approval$100,000
- Largest single approval$500,000
- Jobs reported supported, 7(a)79
- Jobs per approval4.9
- Distinct 7(a) lenders active11
- Distinct industries receiving approvals12
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer6.3 percent
- Loans on real estate terms1
- Loans on working capital terms, 120 months or shorter14
- Franchise loans1
- Franchise share of approvals6.3 percent
- Most active lenderThe Farmers Bank, Frankfort, Indiana (3)
- 504 approvals recorded2
- 504 gross approval dollars$471,000
- Average 504 approval$235,500
- Median 504 approval$235,500
- Distinct CDCs active2
- 504 jobs per approval11.5
- 504 jobs per million dollars approved48.8
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$3.1 m
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.
Carroll County
SBA loan default and charge-off rates in Carroll County
Do SBA loans in Carroll County get paid back?
- Loans with a final outcome recorded6
- Paid in full6
- Charged off0
- Status: Exempt from disclosure8
- Status: Paid in full6
- Status: Committed, not yet disbursed1
- Status: Cancelled1
Only 6 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.
Carroll County
SBA lending by place in Carroll County
- Borrower cities with recorded lending7
- Flora, approvals5
- Bringhurst, approvals3
- Delphi, approvals3
- Rossville, approvals2
- Monticello, approvals1
- Camden, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Flora | 5 | $784,900 |
| Bringhurst | 3 | $1,062,000 |
| Delphi | 3 | $196,800 |
| Rossville | 2 | $150,000 |
| Monticello | 1 | $225,000 |
| Camden | 1 | $190,700 |
| Cutler | 1 | $63,000 |
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Carroll County
How large is Carroll County?
- Land area372 sq mi
- Rank by land area among Indiana counties64th of 92
- Width, east to west20.9 mi
- Height, north to south21.1 mi
- Geographies sharing a boundary5
- Residents per square mile of land55
- Establishments per square mile1.09
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.
Carroll County
Flood risk in Carroll County
- Participation of the county's own NFIP community Carroll County, unincorporated areasParticipating, community 180019
- Communities in the county in the NFIP Community Status Book5
- Of those, participating in the NFIP4
- NFIP participation rate80.0 percent
- Communities carrying a CRS class0
- Radon levels in Carroll 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 Carroll County (community 180019), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Carroll 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. 80.0 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 Carroll 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 Carroll County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202420,535
- Households8,085
- Average household size2.54
- Median household income$65,645
- Median age43.2
Common questions
Carroll County questions, answered from the record.
How many people live in Carroll County, Indiana?
The Census Bureau estimates 20,747 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 20,535, in 8,085 households, ranking 70th of 92 Indiana counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Carroll County's population growing?
The population has grown 2.21 percent since the 2020 census base of 20,299, to 20,747 on July 1, 2024. In 2024 there were 224 births against 210 deaths, with net migration of 164. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Carroll County?
$65,645. The median owner-occupied home is valued at $180,900, which is 2.8 times income, and median gross rent is $890 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Carroll County?
405 establishments, employing 5,264 people with an annual payroll of $247.8 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 Carroll County?
Retail trade is the largest private sector at 388 jobs, 7.0 percent of covered employment. Covered employment averages 5,562 jobs at an average annual pay of $49,734, or $956 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Carroll County?
16 7(a) approvals totaling $2.7 m since FY2020, across 11 lenders, with a median approval of $100,000, plus 2 504 approvals worth $471,000 since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Carroll County?
32 housing units were authorized by permit in 2024, with a declared construction value of $11.1 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Carroll 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 Carroll County come from?
The largest single origin is Tippecanoe County, with 193 households. Arriving households report an average income of $51,123 against $49,056 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Carroll 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 Carroll 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.
Carroll County
Cities and places in Carroll.
11 Census places lie wholly or partly in Carroll County. All 11 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 |
|---|---|---|---|---|
| Delphi | city | 2,927 | 3 | Wholly in this county |
| Flora | town | 2,114 | 5 | Wholly in this county |
| Camden | town | 585 | 1 | Wholly in this county |
| Burlington | town | 562 | None recorded | Wholly in this county |
| Yeoman | town | 235 | None recorded | Wholly in this county |
| Pittsburg | CDP | 201 | None recorded | Wholly in this county |
| Deer Creek | CDP | 183 | None recorded | Wholly in this county |
| Rockfield | CDP | 144 | None recorded | Wholly in this county |
| Burrows | CDP | 138 | None recorded | Wholly in this county |
| Cutler | CDP | 108 | 1 | Wholly in this county |
| Bringhurst | CDP | 98 | 3 | Wholly in this county |
A further 3 of the county's 16 SBA 7(a) approvals are to borrowers in cities that match no Census place in Carroll County, the largest being Rossville (2), Monticello (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