Woodford County, Kentucky: commercial real estate data.
Woodford County, Kentucky had an estimated 27,728 residents on July 1, 2024, up 3.2 percent since the 2020 census base of 26,875, across 189 square miles. County output reached $1.64 bn in 2024, 618 establishments operate here, and the SBA record carries 45 7(a) approvals worth $8.8 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Woodford County
How many people live in Woodford County
- Population, American Community Survey 2020-202427,279
- Households10,814
- Average household size2.52
- Median household income$83,788
- Median age42.2
- Median gross rent$1,138 per month
- Median owner-occupied home value$299,700
- Home value to household income3.6 times
- Annual rent as a share of median income16.3 percent
- Adults 25 and over with a bachelor degree or higher40.7 percent
- Adults 25 and over with a graduate degree17.0 percent
- Adults 25 and over19,054
- Population under 185,929
- Share under 1821.7 percent
- Population 65 and over5,657
- Share 65 and over20.7 percent
- Working age population, 18 to 6415,693
- Civilian labor force14,107
- Unemployment rate2.5 percent
- Labor force participation, adults 18 and over66.1 percent
- Rank by population among Kentucky counties40th of 120
- Rank by population among US county-equivalents, Puerto Rico included1568th of 3,222
Woodford County is the 40th largest of 120 Kentucky counties by population. A median home costs 3.6 times median household income, which is moderately unaffordable by national standards. Residents under 18 outnumber those 65 and over, at 21.7 percent against 20.7 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Woodford County
Is Woodford County's population growing?
- Population, July 1, 202427,728
- Census 2020 base population26,875
- Population change since the 2020 census base3.17 percent
- Population change, 2023 to 2024206
- Births, 2024276
- Deaths, 2024276
- Natural change, 20240
- Net domestic migration, 2024-38
- Net international migration, 2024245
- Total net migration, 2024207
- Cumulative net domestic migration, 2021 to 2024437
- Rank by growth among US county-equivalents833rd of 3,144
The county has grown 3.17 percent since the 2020 census base.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Woodford County
Where are people moving to Woodford County from?
- Tax returns filed by households arriving831
- People arriving, from those returns1,536
- Tax returns filed by households leaving761
- Net household movement70
- Adjusted gross income arriving$61.7 m
- Net adjusted gross income movement$7.8 m
- Average income of an arriving household$74,249
- Average income of a leaving household$70,824
- Largest single originFayette County (275 households)
- Largest single destinationFayette County (206 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Fayette County | 275 | 503 | $18.5 m |
| Franklin County | 59 | 97 | $2.1 m |
| Jessamine County | 49 | 118 | $3.6 m |
| Anderson County | 36 | 59 | $1.6 m |
| Scott County | 35 | 68 | $2.1 m |
| Jefferson County | 22 | 39 | $2.1 m |
Households arriving report $3,425 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 Fayette 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.
Woodford County
What is the Woodford County economy?
- County GDP, 2024$1.64 bn
- County GDP, 2023$1.53 bn
- GDP change, 2023 to 20247.3 percent
- GDP change over five years43.4 percent
- Rank by GDP among the Kentucky areas BEA publishes32nd of 120
- Rank by GDP among the US county areas BEA publishes1443rd of 3,127
- GDP per resident$59,965
Output grew 7.3 percent in the latest year and 43.4 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.
Woodford County
Employment by industry in Woodford County
- Covered employment, annual average9,977
- Establishments reporting1,083
- Average annual pay$52,784
- Average weekly wage$1,015
- Manufacturing, employment1,461
- Manufacturing, average annual pay$69,027
- Accommodation and food services, employment1,033
- Accommodation and food services, average annual pay$23,468
- Wholesale trade, employment755
- Wholesale trade, average annual pay$65,026
- Retail trade, employment730
- Retail trade, average annual pay$35,265
- Professional, scientific and technical services, employment461
- Construction, employment383
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Manufacturing | 1,461 | 53 | $69,027 |
| Accommodation and food services | 1,033 | 51 | $23,468 |
| Wholesale trade | 755 | 50 | $65,026 |
| Retail trade | 730 | 84 | $35,265 |
| Professional, scientific and technical services | 461 | 184 | $78,923 |
| Construction | 383 | 84 | $64,947 |
| Other services, except public administration | 268 | 70 | $50,112 |
| Finance and insurance | 166 | 49 | $70,545 |
Manufacturing is the largest private sector at 1,461 jobs, 14.6 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Woodford County
How many businesses are in Woodford County?
- Establishments, all industries618
- Employment at those establishments7,913
- Annual payroll$340.1 m
- Establishments per 1,000 residents22.7
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.
Woodford County
Building permits in Woodford County
- Housing units authorized by permit, 2024102
- Declared construction value permitted$39.6 m
- Single family units authorized92
- Multifamily units authorized10
- Multifamily share of units9.8 percent
- Average declared value per unit$388,602
- Units authorized per 1,000 households9.4
Single-family homes are 90.2 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Woodford County
SBA loans in Woodford County (7(a) and 504)
- 7(a) approvals recorded45
- 7(a) gross approval dollars$8.8 m
- Average 7(a) approval$195,613
- Median 7(a) approval$60,000
- 10th percentile approval$20,000
- 90th percentile approval$197,160
- Largest single approval$4,113,200
- Jobs reported supported, 7(a)232
- Jobs per approval5.2
- Distinct 7(a) lenders active11
- Distinct industries receiving approvals26
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer0.0 percent
- Loans on real estate terms0
- Loans on working capital terms, 120 months or shorter44
- Franchise loans0
- Franchise share of approvals0.0 percent
- Most active lenderCommunity Trust Bank, Inc. (32)
- 504 approvals recorded5
- 504 gross approval dollars$2.3 m
- Average 504 approval$467,600
- Median 504 approval$292,000
- Distinct CDCs active3
- 504 jobs per approval1.4
- 504 jobs per million dollars approved3.0
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$11.1 m
The average approval of $195,613 sits well above the median of $60,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. Only 0.0 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.
Woodford County
SBA loan default and charge-off rates in Woodford County
Do SBA loans in Woodford County get paid back?
- Loans with a final outcome recorded16
- Paid in full15
- Charged off1
- Status: Paid in full15
- Status: Cancelled6
- Status: Exempt from disclosure23
- Status: Charged off1
Only 16 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.
Woodford County
SBA lending by place in Woodford County
- Borrower cities with recorded lending3
- Versailles, approvals41
- Midway, approvals3
- Frankfort, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Versailles | 41 | $7,764,700 |
| Midway | 3 | $1,027,900 |
| Frankfort | 1 | $10,000 |
Versailles accounts for 41 approvals against 3 in Midway. 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.
Woodford County
How large is Woodford County?
- Land area189 sq mi
- Rank by land area among Kentucky counties106th of 120
- Width, east to west13.1 mi
- Height, north to south23 mi
- Geographies sharing a boundary6
- Residents per square mile of land144
- Establishments per square mile3.27
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.
Woodford County
Flood risk in Woodford County
- Participation of the county's own NFIP community Woodford County, unincorporated areasParticipating, community 210230
- Communities in the county in the NFIP Community Status Book3
- Of those, participating in the NFIP3
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Woodford 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 Woodford County (community 210230), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Woodford 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 Woodford 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 Woodford County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202427,279
- Households10,814
- Average household size2.52
- Median household income$83,788
- Median age42.2
Common questions
Woodford County questions, answered from the record.
How many people live in Woodford County, Kentucky?
The Census Bureau estimates 27,728 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 27,279, in 10,814 households, ranking 40th of 120 Kentucky counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Woodford County's population growing?
The population has grown 3.17 percent since the 2020 census base of 26,875, to 27,728 on July 1, 2024. In 2024 there were 276 births against 276 deaths, with net migration of 207. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Woodford County?
$83,788. The median owner-occupied home is valued at $299,700, which is 3.6 times income, and median gross rent is $1,138 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Woodford County?
618 establishments, employing 7,913 people with an annual payroll of $340.1 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 Woodford County?
Manufacturing is the largest private sector at 1,461 jobs, 14.6 percent of covered employment. Covered employment averages 9,977 jobs at an average annual pay of $52,784, or $1,015 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Woodford County?
45 7(a) approvals totaling $8.8 m since FY2020, across 11 lenders, with a median approval of $60,000, plus 5 504 approvals worth $2.3 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Woodford County?
102 housing units were authorized by permit in 2024, with a declared construction value of $39.6 m. Multifamily was 9.8 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Woodford 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 Woodford County come from?
The largest single origin is Fayette County, with 275 households. Arriving households report an average income of $74,249 against $70,824 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Woodford 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 Woodford 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.
Woodford County
Cities and places in Woodford.
2 Census places lie wholly or partly in Woodford County. All 2 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 |
|---|---|---|---|---|
| Versailles | city | 10,492 | 41 | Wholly in this county |
| Midway | city | 1,776 | 3 | Wholly in this county |
A further 1 of the county's 45 SBA 7(a) approvals are to borrowers in cities that match no Census place in Woodford County, the largest being Frankfort (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