Lee County, Iowa: commercial real estate data.
Lee County, Iowa had an estimated 32,376 residents on July 1, 2024, down 3.5 percent since the 2020 census base of 33,553, across 518 square miles. County output reached $2.26 bn in 2024, 786 establishments operate here, and the SBA record carries 4 7(a) approvals worth $2.1 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Lee County
How many people live in Lee County
- Population, American Community Survey 2020-202432,893
- Households14,323
- Average household size2.30
- Median household income$62,382
- Median age43.6
- Median gross rent$835 per month
- Median owner-occupied home value$141,400
- Home value to household income2.3 times
- Annual rent as a share of median income16.1 percent
- Adults 25 and over with a bachelor degree or higher21.7 percent
- Adults 25 and over with a graduate degree6.5 percent
- Adults 25 and over23,621
- Population under 186,989
- Share under 1821.2 percent
- Population 65 and over7,309
- Share 65 and over22.2 percent
- Working age population, 18 to 6418,595
- Civilian labor force15,385
- Unemployment rate4.5 percent
- Labor force participation, adults 18 and over59.4 percent
- Rank by population among Iowa counties22nd of 99
- Rank by population among US county-equivalents, Puerto Rico included1401st of 3,222
Lee County is the 22nd largest of 99 Iowa counties by population. A median home costs 2.3 times median household income, which is affordable by national standards. Residents 65 and over outnumber those under 18, at 22.2 percent against 21.2 percent, which points demand at health care, services and single story product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Lee County
Is Lee County's population growing?
- Population, July 1, 202432,376
- Census 2020 base population33,553
- Population change since the 2020 census base-3.51 percent
- Population change, 2023 to 2024-133
- Births, 2024320
- Deaths, 2024464
- Natural change, 2024-144
- Net domestic migration, 202413
- Net international migration, 2024-1
- Total net migration, 202412
- Cumulative net domestic migration, 2021 to 2024-478
- Rank by growth among US county-equivalents2823rd of 3,144
The county has lost 3.51 percent of its population since the 2020 census base. Deaths exceeded births in 2024 by more than net migration added, so the population fell even though more people moved in than left.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Lee County
Where are people moving to Lee County from?
- Tax returns filed by households arriving621
- People arriving, from those returns1,107
- Tax returns filed by households leaving723
- Net household movement-102
- Adjusted gross income arriving$29.2 m
- Net adjusted gross income movement$-10.8 m
- Average income of an arriving household$46,952
- Average income of a leaving household$55,321
- Largest single originHancock County (96 households)
- Largest single destinationDes Moines County (117 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Hancock County | 96 | 154 | $3.7 m |
| Des Moines County | 90 | 184 | $3.5 m |
| Clark County | 29 | 59 | $882,000 |
| Henry County | 28 | 49 | $1.1 m |
Households arriving report $8,369 less average income than households leaving, which drains spending power even where headcount holds up. The largest single source of arrivals is Hancock 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.
Lee County
What is the Lee County economy?
- County GDP, 2024$2.26 bn
- County GDP, 2023$2.22 bn
- GDP change, 2023 to 20241.9 percent
- GDP change over five years15.2 percent
- Rank by GDP among the Iowa areas BEA publishes19th of 99
- Rank by GDP among the US county areas BEA publishes1181st of 3,127
- GDP per resident$68,815
Output grew 1.9 percent in the latest year and 15.2 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.
Lee County
Employment by industry in Lee County
- Covered employment, annual average13,719
- Establishments reporting1,061
- Average annual pay$57,333
- Average weekly wage$1,103
- Manufacturing, employment3,794
- Manufacturing, average annual pay$81,110
- Retail trade, employment1,572
- Retail trade, average annual pay$33,899
- Accommodation and food services, employment990
- Accommodation and food services, average annual pay$16,573
- Construction, employment878
- Construction, average annual pay$71,445
- Wholesale trade, employment406
- Administrative and support and waste management services, employment391
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Manufacturing | 3,794 | 61 | $81,110 |
| Retail trade | 1,572 | 108 | $33,899 |
| Accommodation and food services | 990 | 89 | $16,573 |
| Construction | 878 | 98 | $71,445 |
| Wholesale trade | 406 | 45 | $75,222 |
| Administrative and support and waste management services | 391 | 62 | $37,898 |
| Finance and insurance | 357 | 73 | $62,799 |
| Other services, except public administration | 327 | 79 | $38,111 |
Manufacturing is the largest private sector at 3,794 jobs, 27.7 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Lee County
How many businesses are in Lee County?
- Establishments, all industries786
- Employment at those establishments13,101
- Annual payroll$686.2 m
- Establishments per 1,000 residents23.9
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.
Lee County
Building permits in Lee County
- Housing units authorized by permit, 202454
- Declared construction value permitted$11.4 m
- Single family units authorized12
- Multifamily units authorized42
- Multifamily share of units77.8 percent
- Average declared value per unit$211,492
- Units authorized per 1,000 households3.8
Multifamily is 77.8 percent of units authorized, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Lee County
SBA loans in Lee County (7(a) and 504)
- 7(a) approvals recorded4
- 7(a) gross approval dollars$2.1 m
- Average 7(a) approval$521,450
- Median 7(a) approval$310,000
- Largest single approval$1,408,100
- Jobs reported supported, 7(a)33
- Jobs per approval8.3
- Distinct 7(a) lenders active4
- Distinct industries receiving approvals4
- Median 7(a) term150 months
- Share of loans on real estate terms, 240 months or longer25.0 percent
- Loans on real estate terms1
- Loans on working capital terms, 120 months or shorter2
- Franchise loans0
- Franchise share of approvals0.0 percent
- 504 approvals recorded2
- 504 gross approval dollars$1.4 m
- Average 504 approval$699,500
- Median 504 approval$699,500
- Distinct CDCs active2
- 504 jobs per approval50.0
- 504 jobs per million dollars approved71.5
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$3.5 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.
Lee County
SBA loan default and charge-off rates in Lee County
Do SBA loans in Lee County get paid back?
- Loans with a final outcome recorded0
- Paid in full0
- Charged off0
- Status: Exempt from disclosure4
Only 0 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.
Lee County
SBA lending by place in Lee County
- Borrower cities with recorded lending3
- Keokuk, approvals2
- Montrose, approvals1
- West Point, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Keokuk | 2 | $1,658,100 |
| Montrose | 1 | $370,000 |
| West Point | 1 | $57,700 |
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Lee County
How large is Lee County?
- Land area518 sq mi
- Rank by land area among Iowa counties67th of 99
- Width, east to west31.9 mi
- Height, north to south30.1 mi
- Geographies sharing a boundary6
- Residents per square mile of land64
- Establishments per square mile1.52
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.
Lee County
Flood risk in Lee County
- Participation of the county's own NFIP community Lee County, unincorporated areasParticipating, community 190182
- 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 Lee 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 Lee County (community 190182), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Lee 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 Lee 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 Lee County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202432,893
- Households14,323
- Average household size2.30
- Median household income$62,382
- Median age43.6
Common questions
Lee County questions, answered from the record.
How many people live in Lee County, Iowa?
The Census Bureau estimates 32,376 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 32,893, in 14,323 households, ranking 22nd of 99 Iowa counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Lee County's population growing?
The population has fallen 3.51 percent since the 2020 census base of 33,553, to 32,376 on July 1, 2024. In 2024 there were 320 births against 464 deaths, with net migration of 12. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Lee County?
$62,382. The median owner-occupied home is valued at $141,400, which is 2.3 times income, and median gross rent is $835 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Lee County?
786 establishments, employing 13,101 people with an annual payroll of $686.2 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 Lee County?
Manufacturing is the largest private sector at 3,794 jobs, 27.7 percent of covered employment. Covered employment averages 13,719 jobs at an average annual pay of $57,333, or $1,103 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Lee County?
4 7(a) approvals totaling $2.1 m since FY2020, across 4 lenders, with a median approval of $310,000, plus 2 504 approvals worth $1.4 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Lee County?
54 housing units were authorized by permit in 2024, with a declared construction value of $11.4 m. Multifamily was 77.8 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Lee 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 Lee County come from?
The largest single origin is Hancock County, with 96 households. Arriving households report an average income of $46,952 against $55,321 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Lee 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 Lee 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.
Lee County
Cities and places in Lee.
13 Census places lie wholly or partly in Lee County. All 13 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 |
|---|---|---|---|---|
| Fort Madison | city | 10,133 | None recorded | Wholly in this county |
| Keokuk | city | 9,662 | 2 | Wholly in this county |
| West Point | city | 840 | 1 | Wholly in this county |
| Denmark | CDP | 835 | None recorded | Wholly in this county |
| Donnellson | city | 776 | None recorded | Wholly in this county |
| Montrose | city | 744 | 1 | Wholly in this county |
| Sandusky | CDP | 354 | None recorded | Wholly in this county |
| Franklin | city | 148 | None recorded | Wholly in this county |
| Mooar | CDP | 144 | None recorded | Wholly in this county |
| Wever | CDP | 142 | None recorded | Wholly in this county |
| Houghton | city | 72 | None recorded | Wholly in this county |
| St. Paul | city | 65 | None recorded | Wholly in this county |
| Argyle | CDP | 62 | None recorded | Wholly in this county |