Hopkins County, Kentucky: commercial real estate data.
Hopkins County, Kentucky had an estimated 45,218 residents on July 1, 2024, down 0.4 percent since the 2020 census base of 45,415, across 542 square miles. County output reached $2.66 bn in 2024, 882 establishments operate here, and the SBA record carries 13 7(a) approvals worth $7.2 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Hopkins County
How many people live in Hopkins County
- Population, American Community Survey 2020-202445,119
- Households18,397
- Average household size2.45
- Median household income$56,815
- Median age41.3
- Median gross rent$837 per month
- Median owner-occupied home value$142,800
- Home value to household income2.5 times
- Annual rent as a share of median income17.7 percent
- Adults 25 and over with a bachelor degree or higher16.9 percent
- Adults 25 and over with a graduate degree7.5 percent
- Adults 25 and over31,383
- Population under 1810,378
- Share under 1823.0 percent
- Population 65 and over8,597
- Share 65 and over19.1 percent
- Working age population, 18 to 6426,144
- Civilian labor force19,378
- Unemployment rate6.2 percent
- Labor force participation, adults 18 and over55.8 percent
- Rank by population among Kentucky counties23rd of 120
- Rank by population among US county-equivalents, Puerto Rico included1101st of 3,222
Hopkins County is the 23rd largest of 120 Kentucky counties by population. A median home costs 2.5 times median household income, which is affordable by national standards. Residents under 18 outnumber those 65 and over, at 23.0 percent against 19.1 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Hopkins County
Is Hopkins County's population growing?
- Population, July 1, 202445,218
- Census 2020 base population45,415
- Population change since the 2020 census base-0.43 percent
- Population change, 2023 to 2024233
- Births, 2024518
- Deaths, 2024626
- Natural change, 2024-108
- Net domestic migration, 2024146
- Net international migration, 2024193
- Total net migration, 2024339
- Cumulative net domestic migration, 2021 to 202496
- Rank by growth among US county-equivalents1993rd of 3,144
The county has lost 0.43 percent of its population 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.
Hopkins County
Where are people moving to Hopkins County from?
- Tax returns filed by households arriving797
- People arriving, from those returns1,525
- Tax returns filed by households leaving850
- Net household movement-53
- Adjusted gross income arriving$37.7 m
- Net adjusted gross income movement$-6.1 m
- Average income of an arriving household$47,272
- Average income of a leaving household$51,449
- Largest single originWebster County (91 households)
- Largest single destinationWebster County (95 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Webster County | 91 | 189 | $3.9 m |
| Muhlenberg County | 61 | 127 | $2.5 m |
| Christian County | 59 | 106 | $2.3 m |
| Caldwell County | 38 | 76 | $1.6 m |
| Henderson County | 34 | 67 | $1.2 m |
| Daviess County | 28 | 47 | $1.1 m |
Households arriving report $4,177 less average income than households leaving, which drains spending power even where headcount holds up. The largest single source of arrivals is Webster 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.
Hopkins County
What is the Hopkins County economy?
- County GDP, 2024$2.66 bn
- County GDP, 2023$2.57 bn
- GDP change, 2023 to 20243.7 percent
- GDP change over five years44.8 percent
- Rank by GDP among the Kentucky areas BEA publishes22nd of 120
- Rank by GDP among the US county areas BEA publishes1064th of 3,127
- GDP per resident$58,977
Output grew 3.7 percent in the latest year and 44.8 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.
Hopkins County
Employment by industry in Hopkins County
- Covered employment, annual average17,505
- Establishments reporting1,209
- Average annual pay$54,831
- Average weekly wage$1,054
- Retail trade, employment2,060
- Retail trade, average annual pay$32,296
- Manufacturing, employment2,059
- Manufacturing, average annual pay$70,738
- Transportation and warehousing, employment1,790
- Transportation and warehousing, average annual pay$55,545
- Accommodation and food services, employment1,359
- Accommodation and food services, average annual pay$18,736
- Construction, employment973
- Other services, except public administration, employment566
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Retail trade | 2,060 | 176 | $32,296 |
| Manufacturing | 2,059 | 62 | $70,738 |
| Transportation and warehousing | 1,790 | 33 | $55,545 |
| Accommodation and food services | 1,359 | 88 | $18,736 |
| Construction | 973 | 81 | $68,214 |
| Other services, except public administration | 566 | 102 | $41,186 |
| Finance and insurance | 357 | 71 | $75,225 |
| Wholesale trade | 314 | 55 | $68,217 |
Retail trade is the largest private sector at 2,060 jobs, 11.8 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Hopkins County
How many businesses are in Hopkins County?
- Establishments, all industries882
- Employment at those establishments14,582
- Annual payroll$742.3 m
- Establishments per 1,000 residents19.5
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.
Hopkins County
Building permits in Hopkins County
- Housing units authorized by permit, 2024118
- Declared construction value permitted$22.0 m
- Single family units authorized112
- Multifamily units authorized6
- Multifamily share of units5.1 percent
- Average declared value per unit$186,219
- Units authorized per 1,000 households6.4
Single-family homes are 94.9 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Hopkins County
SBA loans in Hopkins County (7(a) and 504)
- 7(a) approvals recorded13
- 7(a) gross approval dollars$7.2 m
- Average 7(a) approval$550,962
- Median 7(a) approval$345,100
- Largest single approval$1,961,000
- Jobs reported supported, 7(a)165
- Jobs per approval12.7
- Distinct 7(a) lenders active8
- Distinct industries receiving approvals10
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer30.8 percent
- Loans on real estate terms4
- Loans on working capital terms, 120 months or shorter7
- Franchise loans1
- Franchise share of approvals7.7 percent
- Leading industry by approval countCut Stone and Stone Product Manufacturing (3)
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Hopkins County
SBA loan default and charge-off rates in Hopkins County
Do SBA loans in Hopkins County get paid back?
- Loans with a final outcome recorded1
- Paid in full1
- Charged off0
- Status: Paid in full1
- Status: Exempt from disclosure8
- Status: Cancelled1
- Status: Committed, not yet disbursed3
Only 1 loan has 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.
Hopkins County
SBA lending by place in Hopkins County
- Borrower cities with recorded lending3
- Madisonville, approvals11
- Dawson Springs, approvals1
- Nortonville, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Madisonville | 11 | $6,762,500 |
| Dawson Springs | 1 | $350,000 |
| Nortonville | 1 | $50,000 |
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Hopkins County
How large is Hopkins County?
- Land area542 sq mi
- Rank by land area among Kentucky counties9th of 120
- Width, east to west30.5 mi
- Height, north to south32.1 mi
- Geographies sharing a boundary5
- Residents per square mile of land83
- Establishments per square mile1.63
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.
Hopkins County
Flood risk in Hopkins County
- Participation of the county's own NFIP community Hopkins County, unincorporated areasParticipating, community 210112
- Communities in the county in the NFIP Community Status Book9
- Of those, participating in the NFIP9
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Hopkins County, EPA zone predicted average indoor radon screening level from 2 to 4 pCi/LZone 2
The county's own community in the status book, unincorporated Hopkins County (community 210112), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Hopkins County in radon zone 2, a predicted average indoor radon screening level from 2 to 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 Hopkins 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 Hopkins County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202445,119
- Households18,397
- Average household size2.45
- Median household income$56,815
- Median age41.3
Common questions
Hopkins County questions, answered from the record.
How many people live in Hopkins County, Kentucky?
The Census Bureau estimates 45,218 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 45,119, in 18,397 households, ranking 23rd of 120 Kentucky counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Hopkins County's population growing?
The population has fallen 0.43 percent since the 2020 census base of 45,415, to 45,218 on July 1, 2024. In 2024 there were 518 births against 626 deaths, with net migration of 339. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Hopkins County?
$56,815. The median owner-occupied home is valued at $142,800, which is 2.5 times income, and median gross rent is $837 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Hopkins County?
882 establishments, employing 14,582 people with an annual payroll of $742.3 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 Hopkins County?
Retail trade is the largest private sector at 2,060 jobs, 11.8 percent of covered employment. Covered employment averages 17,505 jobs at an average annual pay of $54,831, or $1,054 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Hopkins County?
13 7(a) approvals totaling $7.2 m since FY2020, across 8 lenders, with a median approval of $345,100. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Hopkins County?
118 housing units were authorized by permit in 2024, with a declared construction value of $22.0 m. Multifamily was 5.1 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Hopkins County?
Zone 2, a predicted average indoor radon screening level from 2 to 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 Hopkins County come from?
The largest single origin is Webster County, with 91 households. Arriving households report an average income of $47,272 against $51,449 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Hopkins 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 Hopkins 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.
Hopkins County
Cities and places in Hopkins.
10 Census places lie wholly or partly in Hopkins County. All 10 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 |
|---|---|---|---|---|
| Madisonville | city | 19,515 | 11 | Wholly in this county |
| Dawson Springs | city | 1,951 | 1 | Wholly in this county |
| Earlington | city | 1,084 | None recorded | Wholly in this county |
| White Plains | city | 1,021 | None recorded | Wholly in this county |
| Hanson | city | 958 | None recorded | Wholly in this county |
| Nortonville | city | 904 | 1 | Wholly in this county |
| Mortons Gap | city | 650 | None recorded | Wholly in this county |
| St. Charles | city | 293 | None recorded | Wholly in this county |
| Nebo | city | 217 | None recorded | Wholly in this county |
| Manitou | CDP | 93 | None recorded | Wholly in this county |
Nearby