Montgomery County, Indiana: commercial real estate data.
Montgomery County, Indiana had an estimated 38,633 residents on July 1, 2024, up 1.8 percent since the 2020 census base of 37,936, across 505 square miles. County output reached $2.23 bn in 2024, 882 establishments operate here, and the SBA record carries 21 7(a) approvals worth $8.0 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Montgomery County
How many people live in Montgomery County
- Population, American Community Survey 2020-202438,312
- Households15,602
- Average household size2.46
- Median household income$71,479
- Median age40.4
- Median gross rent$858 per month
- Median owner-occupied home value$171,800
- Home value to household income2.4 times
- Annual rent as a share of median income14.4 percent
- Adults 25 and over with a bachelor degree or higher20.4 percent
- Adults 25 and over with a graduate degree7.3 percent
- Adults 25 and over26,104
- Population under 188,809
- Share under 1823.0 percent
- Population 65 and over7,222
- Share 65 and over18.9 percent
- Working age population, 18 to 6422,281
- Civilian labor force19,633
- Unemployment rate3.3 percent
- Labor force participation, adults 18 and over66.5 percent
- Rank by population among Indiana counties39th of 92
- Rank by population among US county-equivalents, Puerto Rico included1240th of 3,222
Montgomery County is the 39th 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 23.0 percent against 18.9 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Montgomery County
Is Montgomery County's population growing?
- Population, July 1, 202438,633
- Census 2020 base population37,936
- Population change since the 2020 census base1.84 percent
- Population change, 2023 to 202462
- Births, 2024441
- Deaths, 2024439
- Natural change, 20242
- Net domestic migration, 202437
- Net international migration, 202423
- Total net migration, 202460
- Cumulative net domestic migration, 2021 to 2024769
- Rank by growth among US county-equivalents1221st of 3,144
The county has grown 1.84 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.
Montgomery County
Where are people moving to Montgomery County from?
- Tax returns filed by households arriving877
- People arriving, from those returns1,566
- Tax returns filed by households leaving860
- Net household movement17
- Adjusted gross income arriving$44.3 m
- Net adjusted gross income movement$-1.4 m
- Average income of an arriving household$50,538
- Average income of a leaving household$53,131
- Largest single originTippecanoe County (126 households)
- Largest single destinationTippecanoe County (112 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Tippecanoe County | 126 | 204 | $5.5 m |
| Hendricks County | 83 | 159 | $4.5 m |
| Marion County | 81 | 142 | $4.5 m |
| Boone County | 66 | 112 | $3.8 m |
| Putnam County | 46 | 78 | $2.6 m |
| Fountain County | 45 | 94 | $1.9 m |
| Parke County | 25 | 44 | $1.0 m |
Households arriving report $2,593 less average income than households leaving, which drains spending power even where headcount holds up. 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.
Montgomery County
What is the Montgomery County economy?
- County GDP, 2024$2.23 bn
- County GDP, 2023$2.26 bn
- GDP change, 2023 to 2024-1.2 percent
- GDP change over five years35.1 percent
- Rank by GDP among the Indiana areas BEA publishes41st of 92
- Rank by GDP among the US county areas BEA publishes1188th of 3,127
- GDP per resident$58,165
Output grew -1.2 percent in the latest year and 35.1 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.
Montgomery County
Employment by industry in Montgomery County
- Covered employment, annual average15,655
- Establishments reporting915
- Average annual pay$57,386
- Average weekly wage$1,104
- Manufacturing, employment4,621
- Manufacturing, average annual pay$79,889
- Retail trade, employment1,500
- Retail trade, average annual pay$30,694
- Accommodation and food services, employment1,249
- Accommodation and food services, average annual pay$22,298
- Transportation and warehousing, employment1,117
- Transportation and warehousing, average annual pay$47,426
- Administrative and support and waste management services, employment632
- Construction, employment624
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Manufacturing | 4,621 | 57 | $79,889 |
| Retail trade | 1,500 | 126 | $30,694 |
| Accommodation and food services | 1,249 | 71 | $22,298 |
| Transportation and warehousing | 1,117 | 39 | $47,426 |
| Administrative and support and waste management services | 632 | 48 | $34,240 |
| Construction | 624 | 86 | $70,522 |
| Other services, except public administration | 297 | 70 | $34,055 |
| Finance and insurance | 250 | 55 | $67,853 |
Manufacturing is the largest private sector at 4,621 jobs, 29.5 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Montgomery County
How many businesses are in Montgomery County?
- Establishments, all industries882
- Employment at those establishments14,331
- Annual payroll$831.5 m
- Establishments per 1,000 residents23.0
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.
Montgomery County
Building permits in Montgomery County
- Housing units authorized by permit, 202452
- Declared construction value permitted$12.1 m
- Single family units authorized52
- Multifamily units authorized0
- Multifamily share of units0.0 percent
- Average declared value per unit$232,949
- Units authorized per 1,000 households3.3
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.
Montgomery County
SBA loans in Montgomery County (7(a) and 504)
- 7(a) approvals recorded21
- 7(a) gross approval dollars$8.0 m
- Average 7(a) approval$380,705
- Median 7(a) approval$150,000
- 10th percentile approval$41,300
- 90th percentile approval$937,200
- Largest single approval$2,625,000
- Jobs reported supported, 7(a)315
- Jobs per approval15.0
- Distinct 7(a) lenders active13
- Distinct industries receiving approvals14
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer9.5 percent
- Loans on real estate terms2
- Loans on working capital terms, 120 months or shorter15
- Franchise loans3
- Franchise share of approvals14.3 percent
- Most active lenderThe Huntington National Bank (4)
- 504 approvals recorded4
- 504 gross approval dollars$2.7 m
- Average 504 approval$678,500
- Median 504 approval$582,000
- Distinct CDCs active3
- 504 jobs per approval10.8
- 504 jobs per million dollars approved15.8
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$10.7 m
The average approval of $380,705 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 9.5 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.
Montgomery County
SBA loan default and charge-off rates in Montgomery County
Do SBA loans in Montgomery County get paid back?
- Loans with a final outcome recorded3
- Paid in full3
- Charged off0
- Status: Exempt from disclosure17
- Status: Paid in full3
- Status: Cancelled1
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.
Montgomery County
SBA lending by place in Montgomery County
- Borrower cities with recorded lending4
- Crawfordsville, approvals16
- Linden, approvals2
- New Richmond, approvals2
- Waynetown, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Crawfordsville | 16 | $6,212,200 |
| Linden | 2 | $580,000 |
| New Richmond | 2 | $440,000 |
| Waynetown | 1 | $762,600 |
Crawfordsville accounts for 16 approvals against 2 in Linden. 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.
Montgomery County
How large is Montgomery County?
- Land area505 sq mi
- Rank by land area among Indiana counties10th of 92
- Width, east to west21.1 mi
- Height, north to south24.2 mi
- Geographies sharing a boundary7
- Residents per square mile of land76
- Establishments per square mile1.75
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.
Montgomery County
Flood risk in Montgomery County
- Participation of the county's own NFIP community Montgomery County, unincorporated areasParticipating, community 180445
- Communities in the county in the NFIP Community Status Book6
- Of those, participating in the NFIP5
- NFIP participation rate83.3 percent
- Communities carrying a CRS class0
- Radon levels in Montgomery 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 Montgomery County (community 180445), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Montgomery 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. 83.3 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 Montgomery 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 Montgomery County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202438,312
- Households15,602
- Average household size2.46
- Median household income$71,479
- Median age40.4
Common questions
Montgomery County questions, answered from the record.
How many people live in Montgomery County, Indiana?
The Census Bureau estimates 38,633 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 38,312, in 15,602 households, ranking 39th of 92 Indiana counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Montgomery County's population growing?
The population has grown 1.84 percent since the 2020 census base of 37,936, to 38,633 on July 1, 2024. In 2024 there were 441 births against 439 deaths, with net migration of 60. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Montgomery County?
$71,479. The median owner-occupied home is valued at $171,800, which is 2.4 times income, and median gross rent is $858 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Montgomery County?
882 establishments, employing 14,331 people with an annual payroll of $831.5 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 Montgomery County?
Manufacturing is the largest private sector at 4,621 jobs, 29.5 percent of covered employment. Covered employment averages 15,655 jobs at an average annual pay of $57,386, or $1,104 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Montgomery County?
21 7(a) approvals totaling $8.0 m since FY2020, across 13 lenders, with a median approval of $150,000, plus 4 504 approvals worth $2.7 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Montgomery County?
52 housing units were authorized by permit in 2024, with a declared construction value of $12.1 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Montgomery 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 Montgomery County come from?
The largest single origin is Tippecanoe County, with 126 households. Arriving households report an average income of $50,538 against $53,131 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Montgomery 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 Montgomery 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.
Montgomery County
Cities and places in Montgomery.
14 Census places lie wholly or partly in Montgomery 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 |
|---|---|---|---|---|
| Crawfordsville | city | 16,491 | 16 | Wholly in this county |
| Ladoga | town | 1,144 | None recorded | Wholly in this county |
| Lake Holiday | CDP | 845 | None recorded | Wholly in this county |
| Waynetown | town | 805 | 1 | Wholly in this county |
| Darlington | town | 798 | None recorded | Wholly in this county |
| Linden | town | 590 | 2 | Wholly in this county |
| New Market | town | 509 | None recorded | Wholly in this county |
| Waveland | town | 475 | None recorded | Wholly in this county |
| New Richmond | town | 433 | 2 | Wholly in this county |
| New Ross | town | 364 | None recorded | Wholly in this county |
| Wingate | town | 296 | None recorded | Wholly in this county |
| Mace | CDP | 84 | None recorded | Wholly in this county |
| Linnsburg | CDP | 56 | None recorded | Wholly in this county |
| Alamo | town | 45 | None recorded | Wholly in this county |
Nearby