Marshall County, Iowa: commercial real estate data.
Marshall County, Iowa had an estimated 40,392 residents on July 1, 2024, up 0.7 percent since the 2020 census base of 40,100, across 573 square miles. County output reached $2.32 bn in 2024, 786 establishments operate here, and the SBA record carries 10 7(a) approvals worth $5.2 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Marshall County
How many people live in Marshall County
- Population, American Community Survey 2020-202440,114
- Households15,496
- Average household size2.59
- Median household income$73,315
- Median age38.5
- Median gross rent$885 per month
- Median owner-occupied home value$145,500
- Home value to household income2.0 times
- Annual rent as a share of median income14.5 percent
- Adults 25 and over with a bachelor degree or higher22.6 percent
- Adults 25 and over with a graduate degree7.4 percent
- Adults 25 and over26,501
- Population under 1810,175
- Share under 1825.4 percent
- Population 65 and over7,301
- Share 65 and over18.2 percent
- Working age population, 18 to 6422,638
- Civilian labor force20,802
- Unemployment rate4.3 percent
- Labor force participation, adults 18 and over69.5 percent
- Rank by population among Iowa counties15th of 99
- Rank by population among US county-equivalents, Puerto Rico included1202nd of 3,222
Marshall County is the 15th largest of 99 Iowa counties by population. A median home costs 2.0 times median household income, which is affordable by national standards. Residents under 18 outnumber those 65 and over, at 25.4 percent against 18.2 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Marshall County
Is Marshall County's population growing?
- Population, July 1, 202440,392
- Census 2020 base population40,100
- Population change since the 2020 census base0.73 percent
- Population change, 2023 to 2024162
- Births, 2024480
- Deaths, 2024541
- Natural change, 2024-61
- Net domestic migration, 2024-247
- Net international migration, 2024471
- Total net migration, 2024224
- Cumulative net domestic migration, 2021 to 2024-810
- Rank by growth among US county-equivalents1580th of 3,144
The county has grown 0.73 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.
Marshall County
Where are people moving to Marshall County from?
- Tax returns filed by households arriving790
- People arriving, from those returns1,442
- Tax returns filed by households leaving877
- Net household movement-87
- Adjusted gross income arriving$39.5 m
- Net adjusted gross income movement$-4.2 m
- Average income of an arriving household$49,938
- Average income of a leaving household$49,730
- Largest single originPolk County (100 households)
- Largest single destinationPolk County (154 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Polk County | 100 | 178 | $5.9 m |
| Tama County | 91 | 179 | $4.2 m |
| Story County | 54 | 100 | $3.1 m |
| Jasper County | 32 | 58 | $1.7 m |
| Poweshiek County | 26 | 45 | $1.2 m |
| Black Hawk County | 23 | 33 | $805,000 |
Households arriving report $208 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 Polk 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.
Marshall County
What is the Marshall County economy?
- County GDP, 2024$2.32 bn
- County GDP, 2023$2.28 bn
- GDP change, 2023 to 20241.7 percent
- GDP change over five years17.9 percent
- Rank by GDP among the Iowa areas BEA publishes18th of 99
- Rank by GDP among the US county areas BEA publishes1167th of 3,127
- GDP per resident$57,755
Output grew 1.7 percent in the latest year and 17.9 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.
Marshall County
Employment by industry in Marshall County
- Covered employment, annual average16,042
- Establishments reporting1,026
- Average annual pay$55,625
- Average weekly wage$1,070
- Manufacturing, employment4,201
- Manufacturing, average annual pay$75,114
- Health care and social assistance, employment1,965
- Health care and social assistance, average annual pay$49,097
- Retail trade, employment1,801
- Retail trade, average annual pay$33,310
- Accommodation and food services, employment1,021
- Accommodation and food services, average annual pay$19,671
- Administrative and support and waste management services, employment520
- Other services, except public administration, employment452
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Manufacturing | 4,201 | 42 | $75,114 |
| Health care and social assistance | 1,965 | 116 | $49,097 |
| Retail trade | 1,801 | 111 | $33,310 |
| Accommodation and food services | 1,021 | 78 | $19,671 |
| Administrative and support and waste management services | 520 | 38 | $46,065 |
| Other services, except public administration | 452 | 64 | $42,828 |
| Construction | 449 | 100 | $59,295 |
| Wholesale trade | 422 | 67 | $100,095 |
Manufacturing is the largest private sector at 4,201 jobs, 26.2 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Marshall County
How many businesses are in Marshall County?
- Establishments, all industries786
- Employment at those establishments13,187
- Annual payroll$678.1 m
- Establishments per 1,000 residents19.6
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.
Marshall County
Building permits in Marshall County
- Housing units authorized by permit, 202437
- Declared construction value permitted$10.5 m
- Single family units authorized27
- Multifamily units authorized10
- Multifamily share of units27.0 percent
- Average declared value per unit$282,614
- Units authorized per 1,000 households2.4
Single-family homes are 73.0 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Marshall County
SBA loans in Marshall County (7(a) and 504)
- 7(a) approvals recorded10
- 7(a) gross approval dollars$5.2 m
- Average 7(a) approval$522,120
- Median 7(a) approval$155,250
- Largest single approval$1,904,400
- Jobs reported supported, 7(a)56
- Jobs per approval5.6
- Distinct 7(a) lenders active5
- Distinct industries receiving approvals7
- Median 7(a) term102 months
- Share of loans on real estate terms, 240 months or longer20.0 percent
- Loans on real estate terms2
- Loans on working capital terms, 120 months or shorter8
- Franchise loans2
- Franchise share of approvals20.0 percent
- Leading industry by approval countResidential Remodelers (3)
- Most active lenderU.S. Bank, National Association (4)
- 504 approvals recorded3
- 504 gross approval dollars$1.3 m
- Average 504 approval$446,000
- Median 504 approval$324,000
- Distinct CDCs active2
- 504 jobs per approval9.0
- 504 jobs per million dollars approved20.2
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$6.6 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.
Marshall County
SBA loan default and charge-off rates in Marshall County
Do SBA loans in Marshall County get paid back?
- Loans with a final outcome recorded4
- Paid in full4
- Charged off0
- Status: Paid in full4
- Status: Exempt from disclosure6
Only 4 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.
Marshall County
SBA lending by place in Marshall County
- Borrower cities with recorded lending3
- Marshalltown, approvals7
- Gilman, approvals2
- State Center, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Marshalltown | 7 | $4,536,800 |
| Gilman | 2 | $659,400 |
| State Center | 1 | $25,000 |
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Marshall County
How large is Marshall County?
- Land area573 sq mi
- Rank by land area among Iowa counties43rd of 99
- Width, east to west23.9 mi
- Height, north to south24 mi
- Geographies sharing a boundary5
- Residents per square mile of land70
- Establishments per square mile1.37
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.
Marshall County
Flood risk in Marshall County
- Participation of the county's own NFIP community Marshall County, unincorporated areasParticipating, community 190890
- Communities in the county in the NFIP Community Status Book13
- Of those, participating in the NFIP10
- NFIP participation rate76.9 percent
- Communities carrying a CRS class0
- Radon levels in Marshall 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 Marshall County (community 190890), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Marshall 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. 76.9 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 Marshall 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 Marshall County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202440,114
- Households15,496
- Average household size2.59
- Median household income$73,315
- Median age38.5
Common questions
Marshall County questions, answered from the record.
How many people live in Marshall County, Iowa?
The Census Bureau estimates 40,392 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 40,114, in 15,496 households, ranking 15th of 99 Iowa counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Marshall County's population growing?
The population has grown 0.73 percent since the 2020 census base of 40,100, to 40,392 on July 1, 2024. In 2024 there were 480 births against 541 deaths, with net migration of 224. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Marshall County?
$73,315. The median owner-occupied home is valued at $145,500, which is 2.0 times income, and median gross rent is $885 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Marshall County?
786 establishments, employing 13,187 people with an annual payroll of $678.1 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 Marshall County?
Manufacturing is the largest private sector at 4,201 jobs, 26.2 percent of covered employment. Covered employment averages 16,042 jobs at an average annual pay of $55,625, or $1,070 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Marshall County?
10 7(a) approvals totaling $5.2 m since FY2020, across 5 lenders, with a median approval of $155,250, plus 3 504 approvals worth $1.3 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Marshall County?
37 housing units were authorized by permit in 2024, with a declared construction value of $10.5 m. Multifamily was 27.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Marshall 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 Marshall County come from?
The largest single origin is Polk County, with 100 households. Arriving households report an average income of $49,938 against $49,730 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Marshall 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 Marshall 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.
Marshall County
Cities and places in Marshall.
14 Census places lie wholly or partly in Marshall 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 |
|---|---|---|---|---|
| Marshalltown | city | 27,626 | 7 | Wholly in this county |
| State Center | city | 1,412 | 1 | Wholly in this county |
| Melbourne | city | 804 | None recorded | Wholly in this county |
| Le Grand | city | 720 | None recorded | 94.6 percent here, 5.4 percent Tama County |
| Gilman | city | 623 | 2 | Wholly in this county |
| Albion | city | 622 | None recorded | Wholly in this county |
| Liscomb | city | 298 | None recorded | Wholly in this county |
| Laurel | city | 278 | None recorded | Wholly in this county |
| Rhodes | city | 265 | None recorded | Wholly in this county |
| Haverhill | city | 142 | None recorded | Wholly in this county |
| Clemons | city | 108 | None recorded | Wholly in this county |
| St. Anthony | city | 92 | None recorded | Wholly in this county |
| Green Mountain | CDP | 87 | None recorded | Wholly in this county |
| Ferguson | city | 85 | None recorded | Wholly in this county |
Nearby