Hendricks County, Indiana: commercial real estate data.
Hendricks County, Indiana had an estimated 190,629 residents on July 1, 2024, up 9.1 percent since the 2020 census base of 174,791, across 407 square miles. County output reached $10.41 bn in 2024, 3,860 establishments operate here, and the SBA record carries 336 7(a) approvals worth $105.6 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Hendricks County
How many people live in Hendricks County
- Population, American Community Survey 2020-2024183,344
- Households67,110
- Average household size2.73
- Median household income$101,144
- Median age38.5
- Median gross rent$1,436 per month
- Median owner-occupied home value$307,600
- Home value to household income3.0 times
- Annual rent as a share of median income17.0 percent
- Adults 25 and over with a bachelor degree or higher39.5 percent
- Adults 25 and over with a graduate degree13.9 percent
- Adults 25 and over123,795
- Population under 1844,976
- Share under 1824.5 percent
- Population 65 and over27,586
- Share 65 and over15.0 percent
- Working age population, 18 to 64110,782
- Civilian labor force97,738
- Unemployment rate2.6 percent
- Labor force participation, adults 18 and over70.6 percent
- Rank by population among Indiana counties8th of 92
- Rank by population among US county-equivalents, Puerto Rico included374th of 3,222
Hendricks County is the 8th largest of 92 Indiana counties by population. A median home costs 3.0 times median household income, which is affordable by national standards. Residents under 18 outnumber those 65 and over, at 24.5 percent against 15.0 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Hendricks County
Is Hendricks County's population growing?
- Population, July 1, 2024190,629
- Census 2020 base population174,791
- Population change since the 2020 census base9.06 percent
- Population change, 2023 to 20243,488
- Births, 20241,946
- Deaths, 20241,367
- Natural change, 2024579
- Net domestic migration, 20242,045
- Net international migration, 2024886
- Total net migration, 20242,931
- Cumulative net domestic migration, 2021 to 202410,838
- Rank by growth among US county-equivalents183rd of 3,144
The county has grown 9.06 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.
Hendricks County
Where are people moving to Hendricks County from?
- Tax returns filed by households arriving6,867
- People arriving, from those returns12,831
- Tax returns filed by households leaving6,107
- Net household movement760
- Adjusted gross income arriving$427.7 m
- Net adjusted gross income movement$38.1 m
- Average income of an arriving household$62,282
- Average income of a leaving household$63,797
- Largest single originMarion County (3,060 households)
- Largest single destinationMarion County (2,039 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Marion County | 3,060 | 5,815 | $169.4 m |
| Morgan County | 299 | 569 | $18.6 m |
| Hamilton County | 242 | 402 | $18.1 m |
| Boone County | 196 | 348 | $18.7 m |
| Johnson County | 191 | 326 | $11.7 m |
| Putnam County | 136 | 243 | $7.1 m |
| Tippecanoe County | 70 | 110 | $4.1 m |
| Monroe County | 67 | 99 | $3.3 m |
Households arriving report $1,515 less average income than households leaving, which drains spending power even where headcount holds up. The largest single source of arrivals is Marion 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.
Hendricks County
What is the Hendricks County economy?
- County GDP, 2024$10.41 bn
- County GDP, 2023$9.83 bn
- GDP change, 2023 to 20245.9 percent
- GDP change over five years37.8 percent
- Rank by GDP among the Indiana areas BEA publishes9th of 92
- Rank by GDP among the US county areas BEA publishes427th of 3,127
- GDP per resident$56,790
Output grew 5.9 percent in the latest year and 37.8 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.
Hendricks County
Employment by industry in Hendricks County
- Covered employment, annual average81,164
- Establishments reporting4,317
- Average annual pay$53,449
- Average weekly wage$1,028
- Transportation and warehousing, employment16,810
- Transportation and warehousing, average annual pay$54,255
- Retail trade, employment11,700
- Retail trade, average annual pay$38,079
- Accommodation and food services, employment7,861
- Accommodation and food services, average annual pay$22,819
- Health care and social assistance, employment7,361
- Health care and social assistance, average annual pay$52,303
- Wholesale trade, employment4,610
- Administrative and support and waste management services, employment4,210
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Transportation and warehousing | 16,810 | 276 | $54,255 |
| Retail trade | 11,700 | 463 | $38,079 |
| Accommodation and food services | 7,861 | 376 | $22,819 |
| Health care and social assistance | 7,361 | 362 | $52,303 |
| Wholesale trade | 4,610 | 260 | $72,459 |
| Administrative and support and waste management services | 4,210 | 292 | $41,267 |
| Manufacturing | 4,179 | 133 | $77,950 |
| Construction | 3,834 | 426 | $77,644 |
Transportation and warehousing is the largest private sector at 16,810 jobs, 20.7 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Hendricks County
How many businesses are in Hendricks County?
- Establishments, all industries3,860
- Employment at those establishments74,107
- Annual payroll$4.19 bn
- Establishments per 1,000 residents21.1
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.
Hendricks County
Building permits in Hendricks County
- Housing units authorized by permit, 20241,295
- Declared construction value permitted$503.0 m
- Single family units authorized1,217
- Multifamily units authorized78
- Multifamily share of units6.0 percent
- Average declared value per unit$388,383
- Units authorized per 1,000 households19.3
Single-family homes are 94.0 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Hendricks County
SBA loans in Hendricks County (7(a) and 504)
- 7(a) approvals recorded336
- 7(a) gross approval dollars$105.6 m
- Average 7(a) approval$314,383
- Median 7(a) approval$100,000
- 10th percentile approval$25,000
- 90th percentile approval$728,750
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)2,795
- Jobs per approval8.3
- Distinct 7(a) lenders active52
- Distinct industries receiving approvals113
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer7.4 percent
- Loans on real estate terms25
- Loans on working capital terms, 120 months or shorter302
- Franchise loans59
- Franchise share of approvals17.6 percent
- Leading industry by approval countGeneral Freight Trucking, Long-Distance, Truckload (64)
- Most active lenderThe Huntington National Bank (176)
- 504 approvals recorded52
- 504 gross approval dollars$34.0 m
- Average 504 approval$653,327
- Median 504 approval$451,000
- Distinct CDCs active4
- 504 jobs per approval12.2
- 504 jobs per million dollars approved18.7
- Most active CDCPremier Capital Corporation (29)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$139.6 m
The average approval of $314,383 sits well above the median of $100,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. Only 7.4 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.
Hendricks County
SBA loan default and charge-off rates in Hendricks County
Do SBA loans in Hendricks County get paid back?
- Loans with a final outcome recorded91
- Paid in full87
- Charged off4
- Charge-off rate on resolved loans4.4 percent
- Status: Cancelled43
- Status: Paid in full87
- Status: Exempt from disclosure192
- Status: Charged off4
- Status: Committed, not yet disbursed10
Of the 91 loans that have reached a final outcome, 4.4 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong.
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.
Hendricks County
SBA lending by place in Hendricks County
- Borrower cities with recorded lending16
- Avon, approvals118
- Brownsburg, approvals76
- Plainfield, approvals70
- Danville, approvals28
- Pittsboro, approvals18
- Indianapolis, approvals9
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Avon | 118 | $23,243,300 |
| Brownsburg | 76 | $29,443,900 |
| Plainfield | 70 | $36,091,500 |
| Danville | 28 | $3,740,500 |
| Pittsboro | 18 | $4,115,900 |
| Indianapolis | 9 | $3,369,100 |
| Clayton | 6 | $1,451,000 |
| Lizton | 2 | $390,000 |
| 8 other borrower cities | 9 | $3,787,500 |
Avon accounts for 118 approvals against 76 in Brownsburg. 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.
Hendricks County
How large is Hendricks County?
- Land area407 sq mi
- Rank by land area among Indiana counties37th of 92
- Width, east to west19.6 mi
- Height, north to south22.3 mi
- Geographies sharing a boundary5
- Residents per square mile of land450
- Establishments per square mile9.48
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.
Hendricks County
Flood risk in Hendricks County
- Participation of the county's own NFIP community Hendricks County, unincorporated areasParticipating, community 180415
- Community Rating System class of the county's own communityClass 7
- Communities in the county in the NFIP Community Status Book11
- Of those, participating in the NFIP9
- NFIP participation rate81.8 percent
- Best Community Rating System class in the county A lower CRS class is a larger flood insurance premium discount.Class 7
- Communities carrying a CRS class1
- Radon levels in Hendricks 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 Hendricks County (community 180415), participates in the National Flood Insurance Program and carries Community Rating System class 7, a flood insurance premium discount for policies written there. The EPA places Hendricks 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. The best Community Rating System class among the county's communities is 7, which carries a flood insurance premium discount for policies written in that community. 81.8 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 Hendricks 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 Hendricks County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-2024183,344
- Households67,110
- Average household size2.73
- Median household income$101,144
- Median age38.5
Common questions
Hendricks County questions, answered from the record.
How many people live in Hendricks County, Indiana?
The Census Bureau estimates 190,629 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 183,344, in 67,110 households, ranking 8th of 92 Indiana counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Hendricks County's population growing?
The population has grown 9.06 percent since the 2020 census base of 174,791, to 190,629 on July 1, 2024. In 2024 there were 1,946 births against 1,367 deaths, with net migration of 2,931. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Hendricks County?
$101,144. The median owner-occupied home is valued at $307,600, which is 3.0 times income, and median gross rent is $1,436 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Hendricks County?
3,860 establishments, employing 74,107 people with an annual payroll of $4.19 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 Hendricks County?
Transportation and warehousing is the largest private sector at 16,810 jobs, 20.7 percent of covered employment. Covered employment averages 81,164 jobs at an average annual pay of $53,449, or $1,028 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Hendricks County?
336 7(a) approvals totaling $105.6 m since FY2020, across 52 lenders, with a median approval of $100,000, plus 52 504 approvals worth $34.0 m since FY2010. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Hendricks County get paid back?
Of the 91 loans that have reached a final outcome, 87 were paid in full and 4 charged off, a charge-off rate of 4.4 percent. Loans still running are excluded, because they have not yet succeeded or failed.
How many building permits were issued in Hendricks County?
1,295 housing units were authorized by permit in 2024, with a declared construction value of $503.0 m. Multifamily was 6.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Hendricks 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 Hendricks County come from?
The largest single origin is Marion County, with 3,060 households. Arriving households report an average income of $62,282 against $63,797 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Hendricks 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 Hendricks 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.
Hendricks County
Cities and places in Hendricks.
14 Census places lie wholly or partly in Hendricks County. All 14 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 |
|---|---|---|---|---|
| Plainfield | town | 36,369 | 70 | Wholly in this county |
| Brownsburg | town | 31,215 | 76 | Wholly in this county |
| Avon | town | 23,437 | 118 | Wholly in this county |
| Danville | town | 11,714 | 28 | Wholly in this county |
| Pittsboro | town | 4,156 | 18 | Wholly in this county |
| Jamestown | town | 1,107 | None recorded | 5.8 percent here, 94.2 percent Boone County |
| Clayton | town | 818 | 6 | Wholly in this county |
| Belleville | CDP | 813 | None recorded | Wholly in this county |
| North Salem | town | 741 | None recorded | Wholly in this county |
| Coatesville | town | 566 | None recorded | Wholly in this county |
| Lizton | town | 543 | 2 | Wholly in this county |
| Amo | town | 417 | None recorded | Wholly in this county |
| Stilesville | town | 296 | None recorded | Wholly in this county |
| Cartersburg | CDP | 59 | None recorded | Wholly in this county |
A further 18 of the county's 336 SBA 7(a) approvals are to borrowers in cities that match no Census place in Hendricks County, the largest being Indianapolis (9), Mooresville (2), Muncie (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