Emmet County, Michigan: commercial real estate data.
Emmet County, Michigan has a population of 34,125 across 467 square miles, down 0.5 percent since the 2020 census base. County output reached $2.56 bn in 2024, 1,577 establishments operate here, and the SBA record carries 95 7(a) approvals worth $33.1 m.
126 sourced county values · tier FULL · 12 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Emmet County
How many people live in Emmet County
- Population34,125
- Households15,190
- Average household size2.25
- Median household income$78,112
- Median age47.0
- Median gross rent$1,112 per month
- Median owner-occupied home value$315,700
- Home value to household income4.0 times
- Annual rent as a share of median income17.1 percent
- Adults 25 and over with a bachelor degree or higher41.6 percent
- Adults 25 and over with a graduate degree17.7 percent
- Adults 25 and over25,406
- Population under 186,188
- Share under 1818.1 percent
- Population 65 and over8,521
- Share 65 and over25.0 percent
- Working age population, 18 to 6419,416
- Civilian labor force17,336
- Unemployment rate3.2 percent
- Labor force participation, adults 18 and over62.1 percent
- Rank by population among Michigan counties45th of 83
- Rank by population among US county-equivalents1362nd
Emmet County is the 45th largest of 83 Michigan counties by population. A median home costs 4.0 times median household income, which is an affordable ownership market by national standards. Residents 65 and over outnumber those under 18, at 25.0 percent against 18.1 percent, which points demand at health care, services and single storey product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Emmet County
Is Emmet County's population growing?
- Population change since the 2020 census base-0.47 percent
- Census 2020 base population34,110
- Births, 2024225
- Deaths, 2024398
- Natural change, 2024-173
- Net domestic migration, 202469
- Net international migration, 202415
- Total net migration, 202484
- Cumulative net domestic migration, 2021 to 2024503
- Rank by growth among US county-equivalents2010th
The county has lost 0.47 percent of its population since the 2020 census base. Deaths exceeded births in 2024, so all of the growth came from people moving in. A market held up by migration alone 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.
Emmet County
Where are people moving to Emmet County from?
- Tax returns filed by households arriving1,062
- People arriving, from those returns1,743
- Adjusted gross income arriving$141.5 m
- Net adjusted gross income movement$0
- Average income of an arriving household$133,198
- Largest single originEmmet County Non-migrants (14,445 households)
- Largest single destination (14,445 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Emmet County Non-migrants | 14,445 | 27,381 | $1.50 bn |
| Other flows - Different State | 326 | 572 | $49.7 m |
| Other flows - Same State | 271 | 421 | $26.9 m |
| Other flows - South | 128 | 211 | $25.1 m |
| Cheboygan County | 115 | 189 | $6.2 m |
| Charlevoix County | 114 | 187 | $5.8 m |
| Other flows - West | 100 | 181 | $12.8 m |
| Other flows - Midwest | 98 | 180 | $11.8 m |
The largest single source of arrivals is Emmet County Non-migrants, 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.
Emmet County
What is the Emmet County economy?
- County GDP, 2024$2.56 bn
- County GDP, 2023$2.43 bn
- GDP change, 2023 to 20245.5 percent
- GDP change over five years43.4 percent
- Rank by GDP among Michigan counties30th
- Rank by GDP among US county-equivalents1091st
- GDP per resident$74,990
Output grew 5.5 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.
Emmet County
Largest employers in Emmet County
- Covered employment, annual average17,742
- Establishments reporting1,558
- Average annual pay$55,435
- Average weekly wage$1,066
- Sector 44-45, employment2,948
- Sector 44-45, average annual pay$43,699
- Sector 62, employment2,741
- Sector 62, average annual pay$67,765
- Sector 72, employment2,402
- Sector 72, average annual pay$35,386
- Sector 31-33, employment1,564
- Sector 31-33, average annual pay$72,840
- Sector 23, employment1,501
- Sector 56, employment925
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 44-45 | 2,948 | 206 | $43,699 |
| Sector 62 | 2,741 | 177 | $67,765 |
| Sector 72 | 2,402 | 138 | $35,386 |
| Sector 31-33 | 1,564 | 62 | $72,840 |
| Sector 23 | 1,501 | 258 | $62,107 |
| Sector 56 | 925 | 97 | $51,130 |
| Sector 81 | 682 | 143 | $43,219 |
| Sector 71 | 596 | 38 | $43,417 |
The largest sector is the biggest private employer group at 2,948 jobs, 16.6 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Emmet County
How many businesses are in Emmet County?
- Establishments, all industries1,577
- Employment at those establishments16,212
- Annual payroll$837.0 m
- Establishments per 1,000 residents46.2
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against.
US Census Bureau, County Business Patterns, 2023.
Emmet County
Building permits in Emmet County
- Housing units authorised by permit, 2024161
- Declared construction value permitted$61.1 m
- Single family units authorised159
- Multifamily units authorised2
- Multifamily share of units1.2 percent
- Average declared value per unit$379,647
- Units authorised per 1,000 households10.6
Multifamily is 1.2 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Emmet County
SBA loans in Emmet County (7(a) and 504)
- 7(a) approvals recorded95
- 7(a) gross approval dollars$33.1 m
- Average 7(a) approval$348,892
- Median 7(a) approval$106,900
- 10th percentile approval$27,500
- 90th percentile approval$802,600
- Largest single approval$3,001,400
- Jobs reported supported, 7(a)818
- Jobs per approval8.6
- Distinct 7(a) lenders active16
- Distinct industries receiving approvals46
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer10.5 percent
- Loans on real estate terms10
- Loans on working capital terms, 120 months or shorter81
- Franchise loans4
- Franchise share of approvals4.2 percent
- Leading industry by approval countFull-Service Restaurants (16)
- Most active lenderThe Huntington National Bank (54)
- 504 approvals recorded15
- 504 gross approval dollars$11.8 m
- Average 504 approval$785,800
- Median 504 approval$368,000
- Distinct CDCs active2
- 504 jobs per approval9.6
- 504 jobs per million dollars approved12.2
- Most active CDCMichigan Certified Development Corporation (8)
- 7(a) share of SBA approvals86.4 percent
- Combined SBA approval dollars$44.9 m
The average approval of $348,892 sits well above the median of $106,900, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually gets. Only 10.5 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.
Emmet County
SBA loan default and charge-off rates in Emmet County
Do SBA loans in Emmet County get paid back?
- Loans with a final outcome recorded7
- Paid in full7
- Charged off0
- Status: Exempt from disclosure73
- Status: Paid in full7
- Status: Cancelled9
- Status: Committed, not yet disbursed6
Too few loans have reached a final outcome to publish a charge off rate. only 7 resolved loans, too few to publish a rate. A rate computed on a handful of loans is noise, so none is shown.
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.
Emmet County
SBA lending by place in Emmet County
- Places in the county with recorded lending8
- PETOSKEY, approvals61
- Harbor Springs, approvals18
- Alanson, approvals6
- Pellston, approvals3
- Mackinaw City, approvals3
- Bay Harbor, approvals2
| Place | Approvals | Gross approval dollars |
|---|---|---|
| PETOSKEY | 61 | $23,568,600 |
| Harbor Springs | 18 | $6,538,200 |
| Alanson | 6 | $630,900 |
| Pellston | 3 | $1,048,000 |
| Mackinaw City | 3 | $635,000 |
| Bay Harbor | 2 | $524,000 |
| Petroskey | 1 | $150,000 |
| LEVERING | 1 | $50,000 |
PETOSKEY accounts for 61 approvals against 18 in Harbor Springs. 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.
Emmet County
How large is Emmet County?
- Land area467 sq mi
- Rank by land area among Michigan counties77th of 83
- Width, east to west18.7 mi
- Height, north to south35.3 mi
- Geographies sharing a boundary2
- Residents per square mile of land73
- Establishments per square mile3.38
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.
Emmet County
Flood risk in Emmet County
- Communities in the NFIP Community Status Book13
- Of those, participating in the NFIP9
- NFIP participation rate69.2 percent
- Communities carrying a CRS class0
- Radon levels in Emmet County, EPA zone predicted average indoor radon screening level from 2 to 4 pCi/LZone 2
The EPA places Emmet 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. 69.2 percent of the county's listed communities participate in the National Flood Insurance Program, per FEMA OpenFEMA, NFIP Community Status Book, Community Status Book, as retrieved.
FEMA OpenFEMA, NFIP Community Status Book, Community Status Book, as retrieved. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
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.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
Feasibility studies
When a Emmet 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 Emmet County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population34,125
- Households15,190
- Average household size2.25
- Median household income$78,112
- Median age47.0
Common questions
Emmet County questions, answered from the record.
How many people live in Emmet County, Michigan?
34,125, in 15,190 households, ranking 45th of 83 Michigan counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Emmet County's population growing?
The population has fallen 0.47 percent since the 2020 census base. In 2024 there were 225 births against 398 deaths, with net migration of 84. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Emmet County?
$78,112. The median owner-occupied home is valued at $315,700, which is 4.0 times income, and median gross rent is $1,112 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Emmet County?
1,577 establishments, employing 16,212 people with an annual payroll of $837.0 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Emmet County?
Average annual pay is $55,435, or $1,066 a week, across 17,742 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Emmet County?
95 7(a) approvals totalling $33.1 m since FY2020, across 16 lenders, with a median approval of $106,900, plus 15 504 approvals worth $11.8 m. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Emmet County?
161 housing units were authorised by permit in 2024, with a declared construction value of $61.1 m. Multifamily was 1.2 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Emmet 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 Emmet County come from?
The largest single origin is Emmet County Non-migrants, with 14,445 households. Arriving households report an average income of $133,198 against null for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Emmet 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 Emmet County?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.
Emmet County
Cities and places in Emmet.
14 Census places lie wholly or partly in Emmet County. 14 carry enough published place level data for a page of their own and are linked. The rest are named here and not linked, because the American Community Survey and the SBA record between them do not carry enough about them to write an honest page. A place existing is itself worth knowing, so nothing in the county is left out.
| Place | Type | Population | SBA approvals | Lies in |
|---|---|---|---|---|
| Petoskey | city | 5,856 | 61 | Wholly in this county |
| Harbor Springs | city | 1,086 | 18 | Wholly in this county |
| Alanson | village | 834 | 7 | Wholly in this county |
| Mackinaw City | village | 778 | 9 | 82.9 percent here, 17.1 percent Cheboygan County |
| Pellston | village | 755 | 3 | Wholly in this county |
| Bay Shore | CDP | 697 | None recorded | 5.0 percent here, 95.0 percent Charlevoix County |
| Carp Lake | CDP | 380 | None recorded | Wholly in this county |
| Conway | CDP | 237 | None recorded | Wholly in this county |
| Brutus | CDP | 198 | None recorded | Wholly in this county |
| Bay View | CDP | 164 | None recorded | Wholly in this county |
| Oden | CDP | 150 | None recorded | Wholly in this county |
| Levering | CDP | 73 | 1 | Wholly in this county |
| Ponshewaing | CDP | 61 | None recorded | Wholly in this county |
| Cross Village | CDP | 47 | None recorded | Wholly in this county |
A further 16 SBA approvals in Emmet County are recorded against borrower cities that match no Census place, the largest being Mackinaw City, Bay Harbor, Bear Creek Township. Those are postal cities and unincorporated areas rather than incorporated places, so no page claims them, and their lending is counted in this county's totals above rather than under any city.