Baltimore County, Maryland: commercial real estate data.
Baltimore County, Maryland had an estimated 852,425 residents on July 1, 2024, down 0.2 percent since the 2020 census base of 854,524, across 598 square miles. County output reached $73.11 bn in 2024, 20,340 establishments operate here, and the SBA record carries 973 7(a) approvals worth $360.8 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Baltimore County
How many people live in Baltimore County
- Population, American Community Survey 2020-2024850,796
- Households332,801
- Average household size2.56
- Median household income$91,768
- Median age39.7
- Median gross rent$1,627 per month
- Median owner-occupied home value$349,300
- Home value to household income3.8 times
- Annual rent as a share of median income21.3 percent
- Adults 25 and over with a bachelor degree or higher42.3 percent
- Adults 25 and over with a graduate degree19.1 percent
- Adults 25 and over589,409
- Population under 18185,984
- Share under 1821.9 percent
- Population 65 and over154,369
- Share 65 and over18.1 percent
- Working age population, 18 to 64510,443
- Civilian labor force450,938
- Unemployment rate4.9 percent
- Labor force participation, adults 18 and over67.8 percent
- Rank by population among Maryland counties3rd of 24
- Rank by population among US county-equivalents, Puerto Rico included72nd of 3,222
Baltimore County is the 3rd largest of 24 Maryland counties by population. A median home costs 3.8 times median household income, which is moderately unaffordable by national standards. Residents under 18 outnumber those 65 and over, at 21.9 percent against 18.1 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Baltimore County
Is Baltimore County's population growing?
- Population, July 1, 2024852,425
- Census 2020 base population854,524
- Population change since the 2020 census base-0.25 percent
- Population change, 2023 to 20243,749
- Births, 20249,082
- Deaths, 20248,731
- Natural change, 2024351
- Net domestic migration, 2024-2,881
- Net international migration, 20246,257
- Total net migration, 20243,376
- Cumulative net domestic migration, 2021 to 2024-19,943
- Rank by growth among US county-equivalents1941st of 3,144
The county has lost 0.25 percent of its population since the 2020 census base. The population grew in 2024 from both sources: births exceeded deaths and more people moved in than left.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Baltimore County
Where are people moving to Baltimore County from?
- Tax returns filed by households arriving21,828
- People arriving, from those returns36,881
- Tax returns filed by households leaving24,134
- Net household movement-2,306
- Adjusted gross income arriving$1.56 bn
- Net adjusted gross income movement$-522.8 m
- Average income of an arriving household$71,583
- Average income of a leaving household$86,406
- Largest single originBaltimore city (7,895 households)
- Largest single destinationBaltimore city (6,003 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Baltimore city | 7,895 | 14,449 | $571.4 m |
| Anne Arundel County | 1,621 | 2,701 | $104.7 m |
| Harford County | 1,463 | 2,353 | $91.6 m |
| Howard County | 1,396 | 2,310 | $115.0 m |
| Prince George's County | 841 | 1,381 | $44.4 m |
| Montgomery County | 608 | 951 | $44.6 m |
| Carroll County | 553 | 860 | $43.0 m |
| York County | 328 | 567 | $25.4 m |
Households arriving report $14,823 less average income than households leaving, which drains spending power even where headcount holds up. The largest single source of arrivals is Baltimore city, 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.
Baltimore County
What is the Baltimore County economy?
- County GDP, 2024$73.11 bn
- County GDP, 2023$68.90 bn
- GDP change, 2023 to 20246.1 percent
- GDP change over five years31.6 percent
- Rank by GDP among the Maryland areas BEA publishes2nd of 24
- Rank by GDP among the US county areas BEA publishes76th of 3,127
- GDP per resident$85,935
Output grew 6.1 percent in the latest year and 31.6 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.
Baltimore County
Employment by industry in Baltimore County
- Covered employment, annual average374,470
- Establishments reporting23,271
- Average annual pay$71,051
- Average weekly wage$1,366
- Health care and social assistance, employment68,918
- Health care and social assistance, average annual pay$61,226
- Retail trade, employment42,228
- Retail trade, average annual pay$41,919
- Accommodation and food services, employment27,824
- Accommodation and food services, average annual pay$28,387
- Professional, scientific and technical services, employment26,518
- Professional, scientific and technical services, average annual pay$110,423
- Administrative and support and waste management services, employment25,237
- Construction, employment24,489
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Health care and social assistance | 68,918 | 3,400 | $61,226 |
| Retail trade | 42,228 | 2,461 | $41,919 |
| Accommodation and food services | 27,824 | 1,724 | $28,387 |
| Professional, scientific and technical services | 26,518 | 3,520 | $110,423 |
| Administrative and support and waste management services | 25,237 | 1,482 | $54,460 |
| Construction | 24,489 | 2,006 | $83,022 |
| Finance and insurance | 17,596 | 1,407 | $131,700 |
| Transportation and warehousing | 17,403 | 629 | $53,304 |
Health care and social assistance is the largest private sector at 68,918 jobs, 18.4 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Baltimore County
How many businesses are in Baltimore County?
- Establishments, all industries20,340
- Employment at those establishments340,854
- Annual payroll$22.25 bn
- 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.
Baltimore County
Building permits in Baltimore County
- Housing units authorized by permit, 20241,511
- Declared construction value permitted$416.5 m
- Single family units authorized866
- Multifamily units authorized645
- Multifamily share of units42.7 percent
- Average declared value per unit$275,661
- Units authorized per 1,000 households4.5
Multifamily is 42.7 percent of units authorized, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Baltimore County
SBA loans in Baltimore County (7(a) and 504)
- 7(a) approvals recorded973
- 7(a) gross approval dollars$360.8 m
- Average 7(a) approval$370,761
- Median 7(a) approval$100,000
- 10th percentile approval$20,000
- 90th percentile approval$1,037,360
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)10,538
- Jobs per approval10.8
- Distinct 7(a) lenders active93
- Distinct industries receiving approvals239
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer7.1 percent
- Loans on real estate terms69
- Loans on working capital terms, 120 months or shorter856
- Franchise loans119
- Franchise share of approvals12.2 percent
- Leading industry by approval countLimited-Service Restaurants (37)
- Most active lenderManufacturers and Traders Trust Company (464)
- 504 approvals recorded75
- 504 gross approval dollars$94.4 m
- Average 504 approval$1,258,853
- Median 504 approval$886,000
- Distinct CDCs active4
- 504 jobs per approval18.6
- 504 jobs per million dollars approved14.8
- Most active CDCBusiness Finance Group, Inc. (55)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$455.2 m
The average approval of $370,761 sits well above the median of $100,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. Only 7.1 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.
Baltimore County
SBA loan default and charge-off rates in Baltimore County
Do SBA loans in Baltimore County get paid back?
- Loans with a final outcome recorded176
- Paid in full151
- Charged off25
- Charge-off rate on resolved loans14.2 percent
- Status: Paid in full151
- Status: Exempt from disclosure596
- Status: Cancelled116
- Status: Charged off25
- Status: Committed, not yet disbursed85
Of the 176 loans that have reached a final outcome, 14.2 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong.
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.
Baltimore County
SBA lending by place in Baltimore County
- Borrower cities with recorded lending49
- Baltimore, approvals104
- Owings Mills, approvals87
- Towson, approvals69
- Nottingham, approvals56
- Pikesville, approvals52
- Catonsville, approvals50
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Baltimore | 104 | $47,650,400 |
| Owings Mills | 87 | $35,342,000 |
| Towson | 69 | $25,333,800 |
| Nottingham | 56 | $19,576,600 |
| Pikesville | 52 | $16,420,000 |
| Catonsville | 50 | $18,529,500 |
| Parkville | 49 | $11,076,700 |
| Lutherville Timonium | 40 | $12,431,100 |
| 41 other borrower cities | 466 | $174,390,500 |
Baltimore accounts for 104 approvals against 87 in Owings Mills. 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.
Baltimore County
How large is Baltimore County?
- Land area598 sq mi
- Rank by land area among Maryland counties3rd of 24
- Width, east to west29.9 mi
- Height, north to south36.3 mi
- Geographies sharing a boundary6
- Residents per square mile of land1,423
- Establishments per square mile34.01
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.
Baltimore County
Flood risk in Baltimore County
- Participation of the county's own NFIP community Baltimore County, unincorporated areasParticipating, community 240010
- Communities in the county in the NFIP Community Status Book1
- Of those, participating in the NFIP1
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Baltimore 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 Baltimore County (community 240010), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Baltimore 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 Baltimore 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 Baltimore County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-2024850,796
- Households332,801
- Average household size2.56
- Median household income$91,768
- Median age39.7
Common questions
Baltimore County questions, answered from the record.
How many people live in Baltimore County, Maryland?
The Census Bureau estimates 852,425 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 850,796, in 332,801 households, ranking 3rd of 24 Maryland counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Baltimore County's population growing?
The population has fallen 0.25 percent since the 2020 census base of 854,524, to 852,425 on July 1, 2024. In 2024 there were 9,082 births against 8,731 deaths, with net migration of 3,376. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Baltimore County?
$91,768. The median owner-occupied home is valued at $349,300, which is 3.8 times income, and median gross rent is $1,627 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Baltimore County?
20,340 establishments, employing 340,854 people with an annual payroll of $22.25 bn. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in Baltimore County?
Health care and social assistance is the largest private sector at 68,918 jobs, 18.4 percent of covered employment. Covered employment averages 374,470 jobs at an average annual pay of $71,051, or $1,366 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Baltimore County?
973 7(a) approvals totaling $360.8 m since FY2020, across 93 lenders, with a median approval of $100,000, plus 75 504 approvals worth $94.4 m since FY2010. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Baltimore County get paid back?
Of the 176 loans that have reached a final outcome, 151 were paid in full and 25 charged off, a charge-off rate of 14.2 percent. Loans still running are excluded, because they have not yet succeeded or failed.
How many building permits were issued in Baltimore County?
1,511 housing units were authorized by permit in 2024, with a declared construction value of $416.5 m. Multifamily was 42.7 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Baltimore 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 Baltimore County come from?
The largest single origin is Baltimore city, with 7,895 households. Arriving households report an average income of $71,583 against $86,406 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Baltimore 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 Baltimore 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.
Baltimore County
Cities and places in Baltimore.
32 Census places lie wholly or partly in Baltimore County. All 32 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 |
|---|---|---|---|---|
| Dundalk | CDP | 65,969 | 37 | Wholly in this county |
| Towson | CDP | 58,679 | 69 | Wholly in this county |
| Catonsville | CDP | 43,368 | 50 | Wholly in this county |
| Essex | CDP | 40,580 | 35 | Wholly in this county |
| Woodlawn | CDP | 40,379 | 1 | Wholly in this county |
| Owings Mills | CDP | 37,245 | 87 | Wholly in this county |
| Randallstown | CDP | 35,957 | 25 | Wholly in this county |
| Pikesville | CDP | 33,524 | 52 | Wholly in this county |
| Middle River | CDP | 31,712 | 38 | Wholly in this county |
| Milford Mill | CDP | 30,829 | None recorded | Wholly in this county |
| Parkville | CDP | 30,549 | 49 | Wholly in this county |
| Perry Hall | CDP | 29,105 | 16 | Wholly in this county |
| Carney | CDP | 28,343 | None recorded | Wholly in this county |
| Lochearn | CDP | 27,074 | None recorded | Wholly in this county |
| Reisterstown | CDP | 25,582 | 26 | Wholly in this county |
| Cockeysville | CDP | 23,962 | 36 | Wholly in this county |
| Arbutus | CDP | 22,507 | 3 | Wholly in this county |
| Rosedale | CDP | 20,002 | 37 | Wholly in this county |
| Mays Chapel | CDP | 16,066 | None recorded | Wholly in this county |
| Rossville | CDP | 16,059 | None recorded | Wholly in this county |
| Overlea | CDP | 13,035 | None recorded | Wholly in this county |
| Honeygo | CDP | 12,250 | None recorded | Wholly in this county |
| White Marsh | CDP | 10,932 | 17 | Wholly in this county |
| Timonium | CDP | 10,304 | 18 | Wholly in this county |
| Garrison | CDP | 9,469 | 1 | Wholly in this county |
| Edgemere | CDP | 9,061 | 2 | Wholly in this county |
| Baltimore Highlands | CDP | 8,206 | 1 | Wholly in this county |
| Lansdowne | CDP | 7,876 | 1 | Wholly in this county |
| Bowleys Quarters | CDP | 7,006 | None recorded | Wholly in this county |
| Lutherville | CDP | 6,574 | 12 | Wholly in this county |
| Hampton | CDP | 5,372 | None recorded | Wholly in this county |
| Kingsville | CDP | 4,687 | 3 | Wholly in this county |
A further 357 of the county's 973 SBA 7(a) approvals are to borrowers in cities that match no Census place in Baltimore County, the largest being Baltimore (104), Nottingham (56), Lutherville Timonium (40). 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