Noble County, Indiana: commercial real estate data.
Noble County, Indiana had an estimated 47,811 residents on July 1, 2024, up 0.7 percent since the 2020 census base of 47,467, across 411 square miles. County output reached $2.55 bn in 2024, 921 establishments operate here, and the SBA record carries 24 7(a) approvals worth $3.6 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Noble County
How many people live in Noble County
- Population, American Community Survey 2020-202447,495
- Households18,179
- Average household size2.61
- Median household income$71,723
- Median age39.4
- Median gross rent$832 per month
- Median owner-occupied home value$196,800
- Home value to household income2.7 times
- Annual rent as a share of median income13.9 percent
- Adults 25 and over with a bachelor degree or higher18.8 percent
- Adults 25 and over with a graduate degree6.7 percent
- Adults 25 and over32,067
- Population under 1811,557
- Share under 1824.3 percent
- Population 65 and over8,120
- Share 65 and over17.1 percent
- Working age population, 18 to 6427,818
- Civilian labor force23,489
- Unemployment rate3.2 percent
- Labor force participation, adults 18 and over65.4 percent
- Rank by population among Indiana counties30th of 92
- Rank by population among US county-equivalents, Puerto Rico included1052nd of 3,222
Noble County is the 30th largest of 92 Indiana counties by population. A median home costs 2.7 times median household income, which is affordable by national standards. Residents under 18 outnumber those 65 and over, at 24.3 percent against 17.1 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Noble County
Is Noble County's population growing?
- Population, July 1, 202447,811
- Census 2020 base population47,467
- Population change since the 2020 census base0.72 percent
- Population change, 2023 to 2024303
- Births, 2024630
- Deaths, 2024511
- Natural change, 2024119
- Net domestic migration, 2024108
- Net international migration, 202479
- Total net migration, 2024187
- Cumulative net domestic migration, 2021 to 2024-296
- Rank by growth among US county-equivalents1583rd of 3,144
The county has grown 0.72 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.
Noble County
Where are people moving to Noble County from?
- Tax returns filed by households arriving1,153
- People arriving, from those returns2,088
- Tax returns filed by households leaving1,282
- Net household movement-129
- Adjusted gross income arriving$62.3 m
- Net adjusted gross income movement$-932,000
- Average income of an arriving household$54,043
- Average income of a leaving household$49,332
- Largest single originAllen County (243 households)
- Largest single destinationAllen County (265 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Allen County | 243 | 438 | $15.0 m |
| LaGrange County | 174 | 349 | $9.4 m |
| DeKalb County | 121 | 233 | $5.5 m |
| Whitley County | 89 | 148 | $4.5 m |
| Elkhart County | 79 | 159 | $3.9 m |
| Kosciusko County | 68 | 126 | $5.3 m |
| Steuben County | 43 | 67 | $1.5 m |
Households arriving report $4,711 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 Allen 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.
Noble County
What is the Noble County economy?
- County GDP, 2024$2.55 bn
- County GDP, 2023$2.50 bn
- GDP change, 2023 to 20241.9 percent
- GDP change over five years31.0 percent
- Rank by GDP among the Indiana areas BEA publishes35th of 92
- Rank by GDP among the US county areas BEA publishes1093rd of 3,127
- GDP per resident$53,743
Output grew 1.9 percent in the latest year and 31.0 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.
Noble County
Employment by industry in Noble County
- Covered employment, annual average16,814
- Establishments reporting983
- Average annual pay$50,507
- Average weekly wage$971
- Manufacturing, employment7,025
- Manufacturing, average annual pay$60,112
- Retail trade, employment1,598
- Retail trade, average annual pay$33,944
- Health care and social assistance, employment1,235
- Health care and social assistance, average annual pay$50,614
- Accommodation and food services, employment991
- Accommodation and food services, average annual pay$17,347
- Administrative and support and waste management services, employment809
- Construction, employment687
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Manufacturing | 7,025 | 129 | $60,112 |
| Retail trade | 1,598 | 121 | $33,944 |
| Health care and social assistance | 1,235 | 65 | $50,614 |
| Accommodation and food services | 991 | 72 | $17,347 |
| Administrative and support and waste management services | 809 | 48 | $37,658 |
| Construction | 687 | 106 | $63,375 |
| Other services, except public administration | 521 | 80 | $35,260 |
| Wholesale trade | 460 | 54 | $71,111 |
Manufacturing is the largest private sector at 7,025 jobs, 41.8 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Noble County
How many businesses are in Noble County?
- Establishments, all industries921
- Employment at those establishments15,650
- Annual payroll$801.2 m
- Establishments per 1,000 residents19.4
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.
Noble County
Building permits in Noble County
- Housing units authorized by permit, 2024128
- Declared construction value permitted$38.6 m
- Single family units authorized128
- Multifamily units authorized0
- Multifamily share of units0.0 percent
- Average declared value per unit$301,464
- Units authorized per 1,000 households7.0
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.
Noble County
SBA loans in Noble County (7(a) and 504)
- 7(a) approvals recorded24
- 7(a) gross approval dollars$3.6 m
- Average 7(a) approval$151,496
- Median 7(a) approval$79,800
- 10th percentile approval$20,300
- 90th percentile approval$402,750
- Largest single approval$637,500
- Jobs reported supported, 7(a)100
- Jobs per approval4.2
- Distinct 7(a) lenders active11
- Distinct industries receiving approvals15
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer20.8 percent
- Loans on real estate terms5
- Loans on working capital terms, 120 months or shorter17
- Franchise loans1
- Franchise share of approvals4.2 percent
- Leading industry by approval countLandscaping Services (4)
- Most active lender1st Source Bank (9)
- 504 approvals recorded18
- 504 gross approval dollars$8.0 m
- Average 504 approval$442,389
- Median 504 approval$237,000
- Distinct CDCs active4
- 504 jobs per approval8.6
- 504 jobs per million dollars approved19.3
- Most active CDCCommunity Development Corporation of Fort Wayne (10)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$11.6 m
The average approval of $151,496 sits well above the median of $79,800, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. Only 20.8 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.
Noble County
SBA loan default and charge-off rates in Noble County
Do SBA loans in Noble County get paid back?
- Loans with a final outcome recorded8
- Paid in full8
- Charged off0
- Status: Paid in full8
- Status: Cancelled3
- Status: Exempt from disclosure11
- 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.
Noble County
SBA lending by place in Noble County
- Borrower cities with recorded lending7
- Kendallville, approvals7
- Albion, approvals5
- Avilla, approvals4
- Ligonier, approvals3
- Churubusco, approvals2
- Fort Wayne, approvals2
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Kendallville | 7 | $2,054,200 |
| Albion | 5 | $292,000 |
| Avilla | 4 | $546,000 |
| Ligonier | 3 | $116,200 |
| Churubusco | 2 | $281,300 |
| Fort Wayne | 2 | $238,200 |
| Rome City | 1 | $108,000 |
Kendallville accounts for 7 approvals against 5 in Albion. 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.
Noble County
How large is Noble County?
- Land area411 sq mi
- Rank by land area among Indiana counties33rd of 92
- Width, east to west24 mi
- Height, north to south18.1 mi
- Geographies sharing a boundary6
- Residents per square mile of land116
- Establishments per square mile2.24
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.
Noble County
Flood risk in Noble County
- Participation of the county's own NFIP community Noble County, unincorporated areasParticipating, community 180183
- Communities in the county in the NFIP Community Status Book7
- Of those, participating in the NFIP7
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Noble 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 Noble County (community 180183), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Noble 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. 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 Noble 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 Noble County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202447,495
- Households18,179
- Average household size2.61
- Median household income$71,723
- Median age39.4
Common questions
Noble County questions, answered from the record.
How many people live in Noble County, Indiana?
The Census Bureau estimates 47,811 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 47,495, in 18,179 households, ranking 30th of 92 Indiana counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Noble County's population growing?
The population has grown 0.72 percent since the 2020 census base of 47,467, to 47,811 on July 1, 2024. In 2024 there were 630 births against 511 deaths, with net migration of 187. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Noble County?
$71,723. The median owner-occupied home is valued at $196,800, which is 2.7 times income, and median gross rent is $832 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Noble County?
921 establishments, employing 15,650 people with an annual payroll of $801.2 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 Noble County?
Manufacturing is the largest private sector at 7,025 jobs, 41.8 percent of covered employment. Covered employment averages 16,814 jobs at an average annual pay of $50,507, or $971 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Noble County?
24 7(a) approvals totaling $3.6 m since FY2020, across 11 lenders, with a median approval of $79,800, plus 18 504 approvals worth $8.0 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Noble County?
128 housing units were authorized by permit in 2024, with a declared construction value of $38.6 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Noble 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 Noble County come from?
The largest single origin is Allen County, with 243 households. Arriving households report an average income of $54,043 against $49,332 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Noble 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 Noble 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.
Noble County
Cities and places in Noble.
16 Census places lie wholly or partly in Noble County. All 16 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 |
|---|---|---|---|---|
| Kendallville | city | 10,556 | 7 | Wholly in this county |
| Ligonier | city | 4,347 | 3 | Wholly in this county |
| Avilla | town | 2,878 | 4 | Wholly in this county |
| Albion | town | 2,723 | 5 | Wholly in this county |
| Rome City | town | 1,182 | 1 | Wholly in this county |
| Wolcottville | town | 1,143 | None recorded | 53.4 percent here, 46.6 percent LaGrange County |
| Cromwell | town | 631 | None recorded | Wholly in this county |
| Kimmell | CDP | 604 | None recorded | Wholly in this county |
| Big Lake | CDP | 445 | None recorded | Wholly in this county |
| Wolflake | CDP | 353 | None recorded | Wholly in this county |
| Brimfield | CDP | 281 | None recorded | Wholly in this county |
| Merriam | CDP | 268 | None recorded | Wholly in this county |
| Laotto | CDP | 220 | None recorded | Wholly in this county |
| Cree Lake | CDP | 173 | None recorded | Wholly in this county |
| Bear Lake | CDP | 144 | None recorded | Wholly in this county |
| Wawaka | CDP | 85 | None recorded | Wholly in this county |
A further 4 of the county's 24 SBA 7(a) approvals are to borrowers in cities that match no Census place in Noble County, the largest being Churubusco (2), Fort Wayne (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