Delaware County, Indiana: commercial real estate data.
Delaware County, Indiana had an estimated 112,951 residents on July 1, 2024, up 0.9 percent since the 2020 census base of 111,907, across 392 square miles. County output reached $5.40 bn in 2024, 2,314 establishments operate here, and the SBA record carries 97 7(a) approvals worth $38.4 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Delaware County
How many people live in Delaware County
- Population, American Community Survey 2020-2024112,280
- Households46,256
- Average household size2.43
- Median household income$58,127
- Median age35.8
- Median gross rent$906 per month
- Median owner-occupied home value$139,400
- Home value to household income2.4 times
- Annual rent as a share of median income18.7 percent
- Adults 25 and over with a bachelor degree or higher26.2 percent
- Adults 25 and over with a graduate degree11.0 percent
- Adults 25 and over70,560
- Population under 1820,376
- Share under 1818.1 percent
- Population 65 and over19,757
- Share 65 and over17.6 percent
- Working age population, 18 to 6472,147
- Civilian labor force56,486
- Unemployment rate5.8 percent
- Labor force participation, adults 18 and over61.5 percent
- Rank by population among Indiana counties15th of 92
- Rank by population among US county-equivalents, Puerto Rico included561st of 3,222
Delaware County is the 15th largest of 92 Indiana counties by population. A median home costs 2.4 times median household income, which is affordable by national standards. Residents under 18 outnumber those 65 and over, at 18.1 percent against 17.6 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Delaware County
Is Delaware County's population growing?
- Population, July 1, 2024112,951
- Census 2020 base population111,907
- Population change since the 2020 census base0.93 percent
- Population change, 2023 to 2024503
- Births, 20241,063
- Deaths, 20241,350
- Natural change, 2024-287
- Net domestic migration, 2024467
- Net international migration, 2024324
- Total net migration, 2024791
- Cumulative net domestic migration, 2021 to 20241,956
- Rank by growth among US county-equivalents1502nd of 3,144
The county has grown 0.93 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.
Delaware County
Where are people moving to Delaware County from?
- Tax returns filed by households arriving2,564
- People arriving, from those returns4,290
- Tax returns filed by households leaving2,714
- Net household movement-150
- Adjusted gross income arriving$111.6 m
- Net adjusted gross income movement$-17.4 m
- Average income of an arriving household$43,532
- Average income of a leaving household$47,519
- Largest single originMadison County (389 households)
- Largest single destinationMarion County (324 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Madison County | 389 | 729 | $15.3 m |
| Marion County | 226 | 374 | $8.7 m |
| Henry County | 161 | 255 | $6.6 m |
| Randolph County | 136 | 251 | $6.3 m |
| Hamilton County | 125 | 197 | $7.6 m |
| Jay County | 95 | 157 | $3.3 m |
| Grant County | 84 | 138 | $3.6 m |
| Blackford County | 70 | 126 | $2.7 m |
Households arriving report $3,987 less average income than households leaving, which drains spending power even where headcount holds up. The largest single source of arrivals is Madison 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.
Delaware County
What is the Delaware County economy?
- County GDP, 2024$5.40 bn
- County GDP, 2023$5.25 bn
- GDP change, 2023 to 20242.8 percent
- GDP change over five years25.3 percent
- Rank by GDP among the Indiana areas BEA publishes22nd of 92
- Rank by GDP among the US county areas BEA publishes680th of 3,127
- GDP per resident$48,122
Output grew 2.8 percent in the latest year and 25.3 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.
Delaware County
Employment by industry in Delaware County
- Covered employment, annual average44,772
- Establishments reporting2,354
- Average annual pay$51,307
- Average weekly wage$987
- Health care and social assistance, employment9,559
- Health care and social assistance, average annual pay$60,764
- Retail trade, employment5,908
- Retail trade, average annual pay$34,917
- Accommodation and food services, employment4,897
- Accommodation and food services, average annual pay$19,657
- Manufacturing, employment4,025
- Manufacturing, average annual pay$62,301
- Administrative and support and waste management services, employment2,238
- Finance and insurance, employment1,592
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Health care and social assistance | 9,559 | 294 | $60,764 |
| Retail trade | 5,908 | 388 | $34,917 |
| Accommodation and food services | 4,897 | 233 | $19,657 |
| Manufacturing | 4,025 | 118 | $62,301 |
| Administrative and support and waste management services | 2,238 | 128 | $48,866 |
| Finance and insurance | 1,592 | 152 | $59,025 |
| Construction | 1,542 | 190 | $64,580 |
| Professional, scientific and technical services | 1,534 | 195 | $67,742 |
Health care and social assistance is the largest private sector at 9,559 jobs, 21.4 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Delaware County
How many businesses are in Delaware County?
- Establishments, all industries2,314
- Employment at those establishments40,098
- Annual payroll$1.96 bn
- Establishments per 1,000 residents20.6
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.
Delaware County
Building permits in Delaware County
- Housing units authorized by permit, 2024173
- Declared construction value permitted$45.5 m
- Single family units authorized109
- Multifamily units authorized64
- Multifamily share of units37.0 percent
- Average declared value per unit$262,861
- Units authorized per 1,000 households3.7
Single-family homes are 63.0 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Delaware County
SBA loans in Delaware County (7(a) and 504)
- 7(a) approvals recorded97
- 7(a) gross approval dollars$38.4 m
- Average 7(a) approval$395,782
- Median 7(a) approval$150,000
- 10th percentile approval$25,000
- 90th percentile approval$1,049,000
- Largest single approval$3,370,000
- Jobs reported supported, 7(a)787
- Jobs per approval8.1
- Distinct 7(a) lenders active26
- Distinct industries receiving approvals53
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer16.5 percent
- Loans on real estate terms16
- Loans on working capital terms, 120 months or shorter75
- Franchise loans17
- Franchise share of approvals17.5 percent
- Leading industry by approval countPlumbing, Heating, and Air-Conditioning Contractors (5)
- Most active lenderSTAR Financial Bank (20)
- 504 approvals recorded31
- 504 gross approval dollars$19.8 m
- Average 504 approval$637,452
- Median 504 approval$391,000
- Distinct CDCs active3
- 504 jobs per approval15.0
- 504 jobs per million dollars approved23.5
- Most active CDCIndiana Statewide Certified Development Corporation (19)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$58.2 m
The average approval of $395,782 sits well above the median of $150,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. Only 16.5 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.
Delaware County
SBA loan default and charge-off rates in Delaware County
Do SBA loans in Delaware County get paid back?
- Loans with a final outcome recorded15
- Paid in full15
- Charged off0
- Status: Exempt from disclosure63
- Status: Cancelled7
- Status: Paid in full15
- Status: Committed, not yet disbursed12
Only 15 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.
Delaware County
SBA lending by place in Delaware County
- Borrower cities with recorded lending9
- Muncie, approvals77
- Albany, approvals6
- Yorktown, approvals4
- Summitville, approvals2
- Gaston, approvals2
- Anderson, approvals2
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Muncie | 77 | $34,974,300 |
| Albany | 6 | $1,575,000 |
| Yorktown | 4 | $696,200 |
| Summitville | 2 | $360,000 |
| Gaston | 2 | $265,000 |
| Anderson | 2 | $185,400 |
| Eaton | 2 | $60,000 |
| Daleville | 1 | $250,000 |
| 1 other borrower city | 1 | $25,000 |
Muncie accounts for 77 approvals against 6 in Albany. 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.
Delaware County
How large is Delaware County?
- Land area392 sq mi
- Rank by land area among Indiana counties52nd of 92
- Width, east to west19.2 mi
- Height, north to south20.9 mi
- Geographies sharing a boundary6
- Residents per square mile of land286
- Establishments per square mile5.90
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.
Delaware County
Flood risk in Delaware County
- Participation of the county's own NFIP community Delaware County, unincorporated areasParticipating, community 180051
- Communities in the county in the NFIP Community Status Book8
- Of those, participating in the NFIP5
- NFIP participation rate62.5 percent
- Communities carrying a CRS class0
- Radon levels in Delaware 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 Delaware County (community 180051), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Delaware 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. 62.5 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 Delaware 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 Delaware County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-2024112,280
- Households46,256
- Average household size2.43
- Median household income$58,127
- Median age35.8
Common questions
Delaware County questions, answered from the record.
How many people live in Delaware County, Indiana?
The Census Bureau estimates 112,951 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 112,280, in 46,256 households, ranking 15th of 92 Indiana counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Delaware County's population growing?
The population has grown 0.93 percent since the 2020 census base of 111,907, to 112,951 on July 1, 2024. In 2024 there were 1,063 births against 1,350 deaths, with net migration of 791. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Delaware County?
$58,127. The median owner-occupied home is valued at $139,400, which is 2.4 times income, and median gross rent is $906 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Delaware County?
2,314 establishments, employing 40,098 people with an annual payroll of $1.96 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 Delaware County?
Health care and social assistance is the largest private sector at 9,559 jobs, 21.4 percent of covered employment. Covered employment averages 44,772 jobs at an average annual pay of $51,307, or $987 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Delaware County?
97 7(a) approvals totaling $38.4 m since FY2020, across 26 lenders, with a median approval of $150,000, plus 31 504 approvals worth $19.8 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Delaware County?
173 housing units were authorized by permit in 2024, with a declared construction value of $45.5 m. Multifamily was 37.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Delaware 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 Delaware County come from?
The largest single origin is Madison County, with 389 households. Arriving households report an average income of $43,532 against $47,519 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Delaware 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 Delaware 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.
Delaware County
Cities and places in Delaware.
12 Census places lie wholly or partly in Delaware 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 |
|---|---|---|---|---|
| Muncie | city | 64,751 | 77 | Wholly in this county |
| Yorktown | town | 11,699 | 4 | Wholly in this county |
| Albany | town | 2,907 | 6 | 97.1 percent here, 2.9 percent Randolph County |
| Chesterfield | town | 2,489 | None recorded | 5.2 percent here, 94.8 percent Madison County |
| Eaton | town | 1,630 | 2 | Wholly in this county |
| Daleville | town | 1,584 | 1 | Wholly in this county |
| Selma | town | 837 | 1 | Wholly in this county |
| Gaston | town | 710 | 2 | Wholly in this county |
| Royerton | CDP | 295 | None recorded | Wholly in this county |
| Oakville | CDP | 205 | None recorded | Wholly in this county |
| Cowan | CDP | 89 | None recorded | Wholly in this county |
| Windsor | CDP | 0 | None recorded | 53.2 percent here, 46.8 percent Randolph County |
A further 4 of the county's 97 SBA 7(a) approvals are to borrowers in cities that match no Census place in Delaware County, the largest being Summitville (2), Anderson (2). 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