HomeMarylandCarroll CountyWestminster city
Westminster city, Maryland: commercial real estate data.
Westminster city is a Census city of 20,445 people across 6.76 square miles of land, in Carroll County. Median household income is $86,219, 56.5 percent of occupied homes are owned, and the SBA record carries 66 7(a) approvals to borrowers here worth $33.1 m.
77 sourced place values · tier FULL · 8 sections
Westminster
What Westminster is
- Census place typecity
- Land area6.76 sq mi
- Water area0.01 sq mi
- Population per square mile of land3,023
- County holding the largest share of its areaCarroll County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Westminster
How many people live in Westminster
- Population20,445
- Median age38.5
- Population under 183,507
- Share under 1817.2 percent
- Population 65 and over3,588
- Share 65 and over17.5 percent
- Households7,949
- Family households4,842
- Share of households that are families60.9 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Westminster
Income and work in Westminster
- Median household income$86,219
- Per capita income$44,953
- Civilian labor force10,885
- Employed10,319
- Unemployed566 plus or minus 220
- Unemployment rate5.2 percent plus or minus 2.0
- Adults 25 and over13,890
- Adults 25 and over with a high school diploma or higher91.9 percent
- Adults 25 and over with a bachelor degree or higher36.3 percent
- Adults 25 and over with a graduate degree13.1 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Westminster
Housing in Westminster
- Housing units8,263
- Occupied units7,949
- Vacant units314 plus or minus 178
- Vacancy rate3.8 percent plus or minus 2.1
- Owner occupied4,491
- Renter occupied3,458
- Ownership rate56.5 percent
- Median owner-occupied home value$337,600
- Median gross rent, monthly$1,476
- Annual rent as a share of median income20.5 percent
- Single family units5,119
- Share single family62.0 percent
- Units in buildings of two or more3,144
- Share in buildings of two or more38.0 percent
- Mobile homes0
- Median year structure built1982
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Westminster
How Westminster gets to work
- Workers 16 and over who commute8,676
- Commuting under 15 minutes3,223
- Share commuting under 15 minutes37.1 percent
- Commuting 30 minutes or more3,774
- Share commuting 30 minutes or more43.5 percent
- Drove alone70.0 percent
- Carpooled9.3 percent plus or minus 2.9
- Public transport0.0 percent
- Walked4.1 percent plus or minus 1.3
- Worked from home15.4 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Westminster
SBA 7(a) lending to Westminster borrowers
- Approvals66
- Gross approval$33,114,800
- Average approval$501,739
- Median approval$236,000
- Ninetieth percentile approval$1,372,500
- Largest approval$5,000,000
- Jobs supported791
- Jobs per approval12.0
- Loans with a final outcome12
- Paid in full11
- Charged off1
- Charge-off rate over resolved loans8.3 percent
- Median term120 months
- Share on real estate terms of 20 years or more9.1 percent
- Share to franchises7.6 percent
- Distinct lenders20
- Distinct industries by NAICS45
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Westminster
SBA 504 lending to Westminster borrowers
- Approvals14
- Gross approval$12,695,000
- Average approval$906,786
- Median approval$723,000
- Largest approval$2,542,000
- Jobs supported259
- Loans with a final outcome6
- Charged off1
- Median term240 months
- Distinct CDCs2
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Carroll County, not Westminster
Carroll County context, not Westminster figures
These are Carroll County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Westminster measurements.
- Establishments in Carroll County4,279
- Employment at those establishments, Carroll County53,981
- Covered employment, Carroll County59,195
- Average annual pay, Carroll County$57,405
- Average weekly wage, Carroll County$1,104
- Housing units permitted, Carroll County156
- Of those, single family, Carroll County144
- County product, 2024, Carroll County$8,877,387,000
- County product change over the prior year, Carroll County5.8 percent
- Average income of an arriving household, Carroll County$86,366
Every figure in this section is published for Carroll County as a whole and is not a measurement of Westminster. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Westminster questions, answered from the record.
How many people live in Westminster, Maryland?
20,445, in 7,949 households. Westminster city covers 6.76 square miles of land, which is 3,023 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Westminster in?
Carroll County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Westminster?
$86,219. The median owner-occupied home is valued at $337,600. Median gross rent is $1,476 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Westminster businesses?
66 7(a) approvals totalling $33.1 m, across 20 lenders, median approval $236,000, plus 14 504 approvals worth $12.7 m. These count approvals to borrowers whose address is in Westminster, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Westminster borrowers get paid back?
Of the 12 loans that have reached a final outcome, 11 were paid in full and 1 charged off, a charge off rate of 8.3 percent. Loans still running are excluded because they have not yet succeeded or failed.
Are the county figures on this page Westminster figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Carroll County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Westminster.
Is zoning published for Westminster?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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