Calvert County, Maryland: commercial real estate data.
Calvert County, Maryland had an estimated 94,913 residents on July 1, 2024, up 2.3 percent since the 2020 census base of 92,786, across 213 square miles. County output reached $6.25 bn in 2024, 1,725 establishments operate here, and the SBA record carries 86 7(a) approvals worth $36.5 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Calvert County
How many people live in Calvert County
- Population, American Community Survey 2020-202494,313
- Households33,465
- Average household size2.82
- Median household income$133,922
- Median age40.8
- Median gross rent$1,759 per month
- Median owner-occupied home value$460,200
- Home value to household income3.4 times
- Annual rent as a share of median income15.8 percent
- Adults 25 and over with a bachelor degree or higher37.0 percent
- Adults 25 and over with a graduate degree16.6 percent
- Adults 25 and over65,208
- Population under 1821,796
- Share under 1823.1 percent
- Population 65 and over15,402
- Share 65 and over16.3 percent
- Working age population, 18 to 6457,115
- Civilian labor force48,995
- Unemployment rate2.7 percent
- Labor force participation, adults 18 and over67.6 percent
- Rank by population among Maryland counties15th of 24
- Rank by population among US county-equivalents, Puerto Rico included651st of 3,222
Calvert County is the 15th largest of 24 Maryland counties by population. A median home costs 3.4 times median household income, which is moderately unaffordable by national standards. Residents under 18 outnumber those 65 and over, at 23.1 percent against 16.3 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Calvert County
Is Calvert County's population growing?
- Population, July 1, 202494,913
- Census 2020 base population92,786
- Population change since the 2020 census base2.29 percent
- Population change, 2023 to 202485
- Births, 2024935
- Deaths, 2024817
- Natural change, 2024118
- Net domestic migration, 2024-156
- Net international migration, 2024122
- Total net migration, 2024-34
- Cumulative net domestic migration, 2021 to 20241,206
- Rank by growth among US county-equivalents1076th of 3,144
The county has grown 2.29 percent since the 2020 census base. Births exceeded deaths in 2024 by more than net migration took away, so the population grew even though more people left than moved in.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Calvert County
Where are people moving to Calvert County from?
- Tax returns filed by households arriving2,652
- People arriving, from those returns5,197
- Tax returns filed by households leaving2,618
- Net household movement34
- Adjusted gross income arriving$229.5 m
- Net adjusted gross income movement$9.5 m
- Average income of an arriving household$86,523
- Average income of a leaving household$84,011
- Largest single originAnne Arundel County (394 households)
- Largest single destinationSt. Mary's County (386 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Anne Arundel County | 394 | 732 | $33.9 m |
| Prince George's County | 360 | 741 | $29.2 m |
| St. Mary's County | 333 | 586 | $23.6 m |
| Charles County | 218 | 461 | $21.1 m |
| Montgomery County | 73 | 136 | $9.1 m |
| Fairfax County | 66 | 122 | $6.6 m |
| District of Columbia | 52 | 85 | $5.0 m |
| Baltimore County | 43 | 69 | $3.6 m |
Households arriving report $2,512 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 Anne Arundel 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.
Calvert County
What is the Calvert County economy?
- County GDP, 2024$6.25 bn
- County GDP, 2023$6.07 bn
- GDP change, 2023 to 20242.9 percent
- GDP change over five years29.4 percent
- Rank by GDP among the Maryland areas BEA publishes15th of 24
- Rank by GDP among the US county areas BEA publishes630th of 3,127
- GDP per resident$66,253
Output grew 2.9 percent in the latest year and 29.4 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.
Calvert County
Employment by industry in Calvert County
- Covered employment, annual average22,676
- Establishments reporting2,022
- Average annual pay$61,154
- Average weekly wage$1,176
- Retail trade, employment3,340
- Retail trade, average annual pay$36,795
- Health care and social assistance, employment3,312
- Health care and social assistance, average annual pay$61,795
- Accommodation and food services, employment2,955
- Accommodation and food services, average annual pay$25,225
- Construction, employment1,888
- Construction, average annual pay$78,482
- Utilities, employment1,147
- Other services, except public administration, employment1,013
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Retail trade | 3,340 | 205 | $36,795 |
| Health care and social assistance | 3,312 | 221 | $61,795 |
| Accommodation and food services | 2,955 | 160 | $25,225 |
| Construction | 1,888 | 302 | $78,482 |
| Utilities | 1,147 | 14 | $164,336 |
| Other services, except public administration | 1,013 | 209 | $42,110 |
| Professional, scientific and technical services | 943 | 279 | $80,010 |
| Finance and insurance | 337 | 85 | $101,618 |
Retail trade is the largest private sector at 3,340 jobs, 14.7 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Calvert County
How many businesses are in Calvert County?
- Establishments, all industries1,725
- Employment at those establishments19,204
- Annual payroll$1.00 bn
- Establishments per 1,000 residents18.3
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.
Calvert County
Building permits in Calvert County
- Housing units authorized by permit, 2024101
- Declared construction value permitted$28.8 m
- Single family units authorized98
- Multifamily units authorized3
- Multifamily share of units3.0 percent
- Average declared value per unit$285,094
- Units authorized per 1,000 households3.0
Single-family homes are 97.0 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Calvert County
SBA loans in Calvert County (7(a) and 504)
- 7(a) approvals recorded86
- 7(a) gross approval dollars$36.5 m
- Average 7(a) approval$423,880
- Median 7(a) approval$100,000
- 10th percentile approval$25,000
- 90th percentile approval$925,000
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)1,018
- Jobs per approval11.8
- Distinct 7(a) lenders active27
- Distinct industries receiving approvals49
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer8.1 percent
- Loans on real estate terms7
- Loans on working capital terms, 120 months or shorter74
- Franchise loans7
- Franchise share of approvals8.1 percent
- Leading industry by approval countElectrical Contractors and Other Wiring Installation Contractors (7)
- Most active lenderManufacturers and Traders Trust Company (35)
- 504 approvals recorded13
- 504 gross approval dollars$12.8 m
- Average 504 approval$984,385
- Median 504 approval$847,000
- Distinct CDCs active4
- 504 jobs per approval7.9
- 504 jobs per million dollars approved8.0
- Most active CDCBusiness Finance Group, Inc. (9)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$49.3 m
The average approval of $423,880 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 8.1 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.
Calvert County
SBA loan default and charge-off rates in Calvert County
Do SBA loans in Calvert County get paid back?
- Loans with a final outcome recorded16
- Paid in full14
- Charged off2
- Status: Paid in full14
- Status: Cancelled13
- Status: Exempt from disclosure52
- Status: Charged off2
- Status: Committed, not yet disbursed5
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.
Calvert County
SBA lending by place in Calvert County
- Borrower cities with recorded lending10
- Prince Frederick, approvals22
- Dunkirk, approvals17
- Huntingtown, approvals15
- Owings, approvals10
- Lusby, approvals8
- North Beach, approvals5
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Prince Frederick | 22 | $6,657,500 |
| Dunkirk | 17 | $7,197,000 |
| Huntingtown | 15 | $4,070,400 |
| Owings | 10 | $3,964,600 |
| Lusby | 8 | $6,070,000 |
| North Beach | 5 | $761,500 |
| Solomons | 3 | $5,365,000 |
| St. Leonard | 2 | $1,835,000 |
| 2 other borrower cities | 4 | $532,700 |
Prince Frederick accounts for 22 approvals against 17 in Dunkirk. 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.
Calvert County
How large is Calvert County?
- Land area213 sq mi
- Rank by land area among Maryland counties23rd of 24
- Width, east to west17.1 mi
- Height, north to south31.9 mi
- Geographies sharing a boundary4
- Residents per square mile of land443
- Establishments per square mile8.10
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.
Calvert County
Flood risk in Calvert County
- Participation of the county's own NFIP community Calvert County, unincorporated areasParticipating, community 240011
- Community Rating System class of the county's own communityClass 7
- Communities in the county in the NFIP Community Status Book3
- Of those, participating in the NFIP3
- NFIP participation rate100.0 percent
- Best Community Rating System class in the county A lower CRS class is a larger flood insurance premium discount.Class 7
- Communities carrying a CRS class2
- Radon levels in Calvert 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 Calvert County (community 240011), participates in the National Flood Insurance Program and carries Community Rating System class 7, a flood insurance premium discount for policies written there. The EPA places Calvert 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. The best Community Rating System class among the county's communities is 7, which carries a flood insurance premium discount for policies written in that community. 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 Calvert 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 Calvert County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202494,313
- Households33,465
- Average household size2.82
- Median household income$133,922
- Median age40.8
Common questions
Calvert County questions, answered from the record.
How many people live in Calvert County, Maryland?
The Census Bureau estimates 94,913 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 94,313, in 33,465 households, ranking 15th of 24 Maryland counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Calvert County's population growing?
The population has grown 2.29 percent since the 2020 census base of 92,786, to 94,913 on July 1, 2024. In 2024 there were 935 births against 817 deaths, with net migration of -34. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Calvert County?
$133,922. The median owner-occupied home is valued at $460,200, which is 3.4 times income, and median gross rent is $1,759 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Calvert County?
1,725 establishments, employing 19,204 people with an annual payroll of $1.00 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 Calvert County?
Retail trade is the largest private sector at 3,340 jobs, 14.7 percent of covered employment. Covered employment averages 22,676 jobs at an average annual pay of $61,154, or $1,176 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Calvert County?
86 7(a) approvals totaling $36.5 m since FY2020, across 27 lenders, with a median approval of $100,000, plus 13 504 approvals worth $12.8 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Calvert County?
101 housing units were authorized by permit in 2024, with a declared construction value of $28.8 m. Multifamily was 3.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Calvert 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 Calvert County come from?
The largest single origin is Anne Arundel County, with 394 households. Arriving households report an average income of $86,523 against $84,011 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Calvert 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 Calvert 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.
Calvert County
Cities and places in Calvert.
14 Census places lie wholly or partly in Calvert 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 |
|---|---|---|---|---|
| Chesapeake Ranch Estates | CDP | 9,241 | None recorded | Wholly in this county |
| Chesapeake Beach | town | 6,456 | 2 | Wholly in this county |
| Drum Point | CDP | 3,589 | None recorded | Wholly in this county |
| Prince Frederick | CDP | 2,955 | 22 | Wholly in this county |
| Huntingtown | CDP | 2,689 | 15 | Wholly in this county |
| Owings | CDP | 2,643 | 10 | Wholly in this county |
| Lusby | CDP | 2,595 | 8 | Wholly in this county |
| Solomons | CDP | 2,440 | 3 | Wholly in this county |
| North Beach | town | 2,296 | 5 | Wholly in this county |
| Dunkirk | CDP | 2,166 | 17 | Wholly in this county |
| Long Beach | CDP | 1,849 | None recorded | Wholly in this county |
| Calvert Beach | CDP | 1,074 | None recorded | Wholly in this county |
| St. Leonard | CDP | 726 | 2 | Wholly in this county |
| Broomes Island | CDP | 460 | None recorded | Wholly in this county |
A further 2 of the county's 86 SBA 7(a) approvals are to borrowers in cities that match no Census place in Calvert County, the largest being Sunderland (2). 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