Calloway County, Kentucky: commercial real estate data.
Calloway County, Kentucky had an estimated 38,975 residents on July 1, 2024, up 3.8 percent since the 2020 census base of 37,548, across 385 square miles. County output reached $1.91 bn in 2024, 906 establishments operate here, and the SBA record carries 22 7(a) approvals worth $11.6 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Calloway County
How many people live in Calloway County
- Population, American Community Survey 2020-202438,224
- Households15,239
- Average household size2.51
- Median household income$52,706
- Median age35.9
- Median gross rent$870 per month
- Median owner-occupied home value$183,200
- Home value to household income3.5 times
- Annual rent as a share of median income19.8 percent
- Adults 25 and over with a bachelor degree or higher31.2 percent
- Adults 25 and over with a graduate degree13.5 percent
- Adults 25 and over23,637
- Population under 186,972
- Share under 1818.2 percent
- Population 65 and over6,477
- Share 65 and over16.9 percent
- Working age population, 18 to 6424,775
- Civilian labor force18,566
- Unemployment rate4.4 percent
- Labor force participation, adults 18 and over59.4 percent
- Rank by population among Kentucky counties26th of 120
- Rank by population among US county-equivalents, Puerto Rico included1243rd of 3,222
Calloway County is the 26th largest of 120 Kentucky counties by population. A median home costs 3.5 times median household income, which is moderately unaffordable by national standards. Residents under 18 outnumber those 65 and over, at 18.2 percent against 16.9 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Calloway County
Is Calloway County's population growing?
- Population, July 1, 202438,975
- Census 2020 base population37,548
- Population change since the 2020 census base3.80 percent
- Population change, 2023 to 2024455
- Births, 2024354
- Deaths, 2024433
- Natural change, 2024-79
- Net domestic migration, 2024322
- Net international migration, 2024208
- Total net migration, 2024530
- Cumulative net domestic migration, 2021 to 20241,446
- Rank by growth among US county-equivalents723rd of 3,144
The county has grown 3.80 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.
Calloway County
Where are people moving to Calloway County from?
- Tax returns filed by households arriving1,109
- People arriving, from those returns2,000
- Tax returns filed by households leaving1,047
- Net household movement62
- Adjusted gross income arriving$56.4 m
- Net adjusted gross income movement$10.5 m
- Average income of an arriving household$50,896
- Average income of a leaving household$43,887
- Largest single originMarshall County (121 households)
- Largest single destinationMarshall County (105 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Marshall County | 121 | 244 | $4.9 m |
| Graves County | 120 | 240 | $5.2 m |
| McCracken County | 64 | 113 | $2.3 m |
| Henry County | 55 | 75 | $1.7 m |
| Montgomery County | 35 | 73 | $1.5 m |
| Trigg County | 25 | 38 | $958,000 |
| Christian County | 23 | 34 | $927,000 |
Households arriving report $7,009 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 Marshall 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.
Calloway County
What is the Calloway County economy?
- County GDP, 2024$1.91 bn
- County GDP, 2023$1.85 bn
- GDP change, 2023 to 20243.5 percent
- GDP change over five years25.5 percent
- Rank by GDP among the Kentucky areas BEA publishes27th of 120
- Rank by GDP among the US county areas BEA publishes1320th of 3,127
- GDP per resident$50,068
Output grew 3.5 percent in the latest year and 25.5 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.
Calloway County
Employment by industry in Calloway County
- Covered employment, annual average15,570
- Establishments reporting1,333
- Average annual pay$46,250
- Average weekly wage$889
- Manufacturing, employment1,974
- Manufacturing, average annual pay$62,591
- Accommodation and food services, employment1,937
- Accommodation and food services, average annual pay$17,678
- Retail trade, employment1,918
- Retail trade, average annual pay$32,228
- Transportation and warehousing, employment1,488
- Transportation and warehousing, average annual pay$43,696
- Health care and social assistance, employment897
- Construction, employment698
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Manufacturing | 1,974 | 64 | $62,591 |
| Accommodation and food services | 1,937 | 87 | $17,678 |
| Retail trade | 1,918 | 178 | $32,228 |
| Transportation and warehousing | 1,488 | 42 | $43,696 |
| Health care and social assistance | 897 | 173 | $42,589 |
| Construction | 698 | 126 | $50,513 |
| Professional, scientific and technical services | 550 | 153 | $64,616 |
| Finance and insurance | 385 | 74 | $71,803 |
Manufacturing is the largest private sector at 1,974 jobs, 12.7 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Calloway County
How many businesses are in Calloway County?
- Establishments, all industries906
- Employment at those establishments13,709
- Annual payroll$548.1 m
- Establishments per 1,000 residents23.7
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.
Calloway County
Building permits in Calloway County
- Housing units authorized by permit, 202481
- Declared construction value permitted$14.0 m
- Single family units authorized15
- Multifamily units authorized66
- Multifamily share of units81.5 percent
- Average declared value per unit$173,301
- Units authorized per 1,000 households5.3
Multifamily is 81.5 percent of units authorized, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Calloway County
SBA loans in Calloway County (7(a) and 504)
- 7(a) approvals recorded22
- 7(a) gross approval dollars$11.6 m
- Average 7(a) approval$525,164
- Median 7(a) approval$125,000
- 10th percentile approval$17,300
- 90th percentile approval$1,339,000
- Largest single approval$3,873,000
- Jobs reported supported, 7(a)195
- Jobs per approval8.9
- Distinct 7(a) lenders active7
- Distinct industries receiving approvals17
- Median 7(a) term102 months
- Share of loans on real estate terms, 240 months or longer4.5 percent
- Loans on real estate terms1
- Loans on working capital terms, 120 months or shorter18
- Franchise loans1
- Franchise share of approvals4.5 percent
- Most active lenderFNB Bank, Inc. (9)
- 504 approvals recorded1
- 504 gross approval dollars$820,000
- Average 504 approval$820,000
- Median 504 approval$820,000
- Distinct CDCs active1
- 504 jobs per approval6.0
- 504 jobs per million dollars approved7.3
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$12.4 m
The average approval of $525,164 sits well above the median of $125,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. Only 4.5 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.
Calloway County
SBA loan default and charge-off rates in Calloway County
Do SBA loans in Calloway County get paid back?
- Loans with a final outcome recorded10
- Paid in full9
- Charged off1
- Status: Cancelled3
- Status: Paid in full9
- Status: Charged off1
- Status: Exempt from disclosure9
Only 10 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.
Calloway County
SBA lending by place in Calloway County
- Borrower cities with recorded lending4
- Murray, approvals17
- New Concord, approvals3
- Kirksey, approvals1
- Hazel, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Murray | 17 | $6,870,600 |
| New Concord | 3 | $4,583,000 |
| Kirksey | 1 | $75,000 |
| Hazel | 1 | $25,000 |
Murray accounts for 17 approvals against 3 in New Concord. 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.
Calloway County
How large is Calloway County?
- Land area385 sq mi
- Rank by land area among Kentucky counties36th of 120
- Width, east to west25.4 mi
- Height, north to south17.5 mi
- Geographies sharing a boundary5
- Residents per square mile of land99
- Establishments per square mile2.35
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.
Calloway County
Flood risk in Calloway County
- Participation of the county's own NFIP community Calloway County, unincorporated areasParticipating, community 210313
- Communities in the county in the NFIP Community Status Book2
- Of those, participating in the NFIP2
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Calloway County, EPA zone predicted average indoor radon screening level less than 2 pCi/LZone 3
The county's own community in the status book, unincorporated Calloway County (community 210313), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Calloway County in radon zone 3, a predicted average indoor radon screening level less than 2 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 Calloway 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 Calloway County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202438,224
- Households15,239
- Average household size2.51
- Median household income$52,706
- Median age35.9
Common questions
Calloway County questions, answered from the record.
How many people live in Calloway County, Kentucky?
The Census Bureau estimates 38,975 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 38,224, in 15,239 households, ranking 26th of 120 Kentucky counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Calloway County's population growing?
The population has grown 3.80 percent since the 2020 census base of 37,548, to 38,975 on July 1, 2024. In 2024 there were 354 births against 433 deaths, with net migration of 530. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Calloway County?
$52,706. The median owner-occupied home is valued at $183,200, which is 3.5 times income, and median gross rent is $870 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Calloway County?
906 establishments, employing 13,709 people with an annual payroll of $548.1 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 Calloway County?
Manufacturing is the largest private sector at 1,974 jobs, 12.7 percent of covered employment. Covered employment averages 15,570 jobs at an average annual pay of $46,250, or $889 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Calloway County?
22 7(a) approvals totaling $11.6 m since FY2020, across 7 lenders, with a median approval of $125,000, plus 1 504 approvals worth $820,000 since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Calloway County?
81 housing units were authorized by permit in 2024, with a declared construction value of $14.0 m. Multifamily was 81.5 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Calloway County?
Zone 3, a predicted average indoor radon screening level less than 2 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Calloway County come from?
The largest single origin is Marshall County, with 121 households. Arriving households report an average income of $50,896 against $43,887 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Calloway 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 Calloway 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.
Calloway County
Cities and places in Calloway.
3 Census places lie wholly or partly in Calloway County. All 3 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 |
|---|---|---|---|---|
| Murray | city | 18,080 | 17 | Wholly in this county |
| Hazel | city | 299 | 1 | Wholly in this county |
| Dexter | CDP | 123 | None recorded | Wholly in this county |
A further 4 of the county's 22 SBA 7(a) approvals are to borrowers in cities that match no Census place in Calloway County, the largest being New Concord (3), Kirksey (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