HomeNorth CarolinaGranville County
Granville County, North Carolina: commercial real estate data.
Granville County, North Carolina had an estimated 61,544 residents on July 1, 2024, up 0.9 percent since the 2020 census base of 61,006, across 532 square miles. County output reached $4.94 bn in 2024, 962 establishments operate here, and the SBA record carries 28 7(a) approvals worth $33.5 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Granville County
How many people live in Granville County
- Population, American Community Survey 2020-202460,877
- Households22,474
- Average household size2.71
- Median household income$71,111
- Median age42.4
- Median gross rent$1,008 per month
- Median owner-occupied home value$247,700
- Home value to household income3.5 times
- Annual rent as a share of median income17.0 percent
- Adults 25 and over with a bachelor degree or higher25.2 percent
- Adults 25 and over with a graduate degree8.5 percent
- Adults 25 and over43,516
- Population under 1812,593
- Share under 1820.7 percent
- Population 65 and over10,771
- Share 65 and over17.7 percent
- Working age population, 18 to 6437,513
- Civilian labor force26,889
- Unemployment rate4.6 percent
- Labor force participation, adults 18 and over55.7 percent
- Rank by population among North Carolina counties46th of 100
- Rank by population among US county-equivalents, Puerto Rico included886th of 3,222
Granville County is the 46th largest of 100 North Carolina counties by population. A median home costs 3.5 times median household income, which is moderately unaffordable by national standards. Residents under 18 outnumber those 65 and over, at 20.7 percent against 17.7 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Granville County
Is Granville County's population growing?
- Population, July 1, 202461,544
- Census 2020 base population61,006
- Population change since the 2020 census base0.88 percent
- Population change, 2023 to 2024182
- Births, 2024624
- Deaths, 2024666
- Natural change, 2024-42
- Net domestic migration, 2024158
- Net international migration, 202463
- Total net migration, 2024221
- Cumulative net domestic migration, 2021 to 20241,531
- Rank by growth among US county-equivalents1521st of 3,144
The county has grown 0.88 percent since the 2020 census base. Deaths exceeded births in 2024 and the population still grew, so all of the growth came from people moving in. A market held up by migration 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.
Granville County
Where are people moving to Granville County from?
- Tax returns filed by households arriving1,838
- People arriving, from those returns3,515
- Tax returns filed by households leaving1,530
- Net household movement308
- Adjusted gross income arriving$109.3 m
- Net adjusted gross income movement$5.9 m
- Average income of an arriving household$59,457
- Average income of a leaving household$67,599
- Largest single originWake County (450 households)
- Largest single destinationWake County (256 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Wake County | 450 | 832 | $31.5 m |
| Durham County | 372 | 752 | $21.4 m |
| Vance County | 168 | 339 | $6.1 m |
| Franklin County | 122 | 280 | $7.2 m |
| Person County | 33 | 70 | $1.4 m |
| Orange County | 31 | 64 | $1.5 m |
| Warren County | 20 | 52 | $740,000 |
Households arriving report $8,142 less average income than households leaving, which drains spending power even where headcount holds up. The largest single source of arrivals is Wake 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.
Granville County
What is the Granville County economy?
- County GDP, 2024$4.94 bn
- County GDP, 2023$4.70 bn
- GDP change, 2023 to 20245.2 percent
- GDP change over five years34.6 percent
- Rank by GDP among the North Carolina areas BEA publishes31st of 100
- Rank by GDP among the US county areas BEA publishes719th of 3,127
- GDP per resident$81,161
Output grew 5.2 percent in the latest year and 34.6 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.
Granville County
Employment by industry in Granville County
- Covered employment, annual average20,301
- Establishments reporting1,132
- Average annual pay$59,314
- Average weekly wage$1,141
- Manufacturing, employment3,769
- Manufacturing, average annual pay$68,183
- Transportation and warehousing, employment1,829
- Transportation and warehousing, average annual pay$50,224
- Retail trade, employment1,693
- Retail trade, average annual pay$38,920
- Health care and social assistance, employment1,423
- Health care and social assistance, average annual pay$46,298
- Accommodation and food services, employment1,188
- Administrative and support and waste management services, employment1,005
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Manufacturing | 3,769 | 48 | $68,183 |
| Transportation and warehousing | 1,829 | 40 | $50,224 |
| Retail trade | 1,693 | 146 | $38,920 |
| Health care and social assistance | 1,423 | 114 | $46,298 |
| Accommodation and food services | 1,188 | 79 | $21,103 |
| Administrative and support and waste management services | 1,005 | 90 | $43,656 |
| Construction | 826 | 166 | $57,858 |
| Professional, scientific and technical services | 549 | 107 | $85,570 |
Manufacturing is the largest private sector at 3,769 jobs, 18.6 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Granville County
How many businesses are in Granville County?
- Establishments, all industries962
- Employment at those establishments18,335
- Annual payroll$944.5 m
- Establishments per 1,000 residents15.8
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.
Granville County
Building permits in Granville County
- Housing units authorized by permit, 2024428
- Declared construction value permitted$84.0 m
- Single family units authorized308
- Multifamily units authorized120
- Multifamily share of units28.0 percent
- Average declared value per unit$196,254
- Units authorized per 1,000 households19.0
Single-family homes are 72.0 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Granville County
SBA loans in Granville County (7(a) and 504)
- 7(a) approvals recorded28
- 7(a) gross approval dollars$33.5 m
- Average 7(a) approval$1,198,089
- Median 7(a) approval$920,000
- 10th percentile approval$24,770
- 90th percentile approval$2,757,000
- Largest single approval$3,775,000
- Jobs reported supported, 7(a)250
- Jobs per approval8.9
- Distinct 7(a) lenders active20
- Distinct industries receiving approvals21
- Median 7(a) term125 months
- Share of loans on real estate terms, 240 months or longer46.4 percent
- Loans on real estate terms13
- Loans on working capital terms, 120 months or shorter12
- Franchise loans9
- Franchise share of approvals32.1 percent
- Leading industry by approval countHotels (except Casino Hotels) and Motels (7)
- Most active lenderWells Fargo Bank National Association (5)
- 504 approvals recorded4
- 504 gross approval dollars$1.9 m
- Average 504 approval$475,500
- Median 504 approval$462,000
- Distinct CDCs active2
- 504 jobs per approval14.5
- 504 jobs per million dollars approved30.5
- Most active CDCBusiness Expansion Funding Corporation (3)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$35.4 m
The average approval of $1,198,089 sits well above the median of $920,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. 46.4 percent of approvals run on real estate terms of 240 months or more, so this is a market where SBA credit is buying buildings, not just funding operations.
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.
Granville County
SBA loan default and charge-off rates in Granville County
Do SBA loans in Granville County get paid back?
- Loans with a final outcome recorded7
- Paid in full7
- Charged off0
- Status: Paid in full7
- Status: Cancelled5
- Status: Exempt from disclosure13
- Status: Committed, not yet disbursed3
Only 7 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.
Granville County
SBA lending by place in Granville County
- Borrower cities with recorded lending5
- Creedmoor, approvals11
- Oxford, approvals10
- Wake Forest, approvals4
- Stem, approvals2
- Butner, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Creedmoor | 11 | $13,579,000 |
| Oxford | 10 | $15,217,500 |
| Wake Forest | 4 | $1,761,000 |
| Stem | 2 | $2,149,000 |
| Butner | 1 | $840,000 |
Creedmoor accounts for 11 approvals against 10 in Oxford. 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.
Granville County
How large is Granville County?
- Land area532 sq mi
- Rank by land area among North Carolina counties34th of 100
- Width, east to west19.4 mi
- Height, north to south36 mi
- Geographies sharing a boundary7
- Residents per square mile of land114
- Establishments per square mile1.81
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.
Granville County
Flood risk in Granville County
- Participation of the county's own NFIP community Granville County, unincorporated areasParticipating, community 370325
- Communities in the county in the NFIP Community Status Book6
- Of those, participating in the NFIP6
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Granville County, EPA zone predicted average indoor radon screening level less than 2 pCi/LZone 3
The county's own community in the status book, unincorporated Granville County (community 370325), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Granville County in radon zone 3, a predicted average indoor radon screening level less than 2 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 Granville 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 Granville County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202460,877
- Households22,474
- Average household size2.71
- Median household income$71,111
- Median age42.4
Common questions
Granville County questions, answered from the record.
How many people live in Granville County, North Carolina?
The Census Bureau estimates 61,544 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 60,877, in 22,474 households, ranking 46th of 100 North Carolina counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Granville County's population growing?
The population has grown 0.88 percent since the 2020 census base of 61,006, to 61,544 on July 1, 2024. In 2024 there were 624 births against 666 deaths, with net migration of 221. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Granville County?
$71,111. The median owner-occupied home is valued at $247,700, which is 3.5 times income, and median gross rent is $1,008 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Granville County?
962 establishments, employing 18,335 people with an annual payroll of $944.5 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 Granville County?
Manufacturing is the largest private sector at 3,769 jobs, 18.6 percent of covered employment. Covered employment averages 20,301 jobs at an average annual pay of $59,314, or $1,141 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Granville County?
28 7(a) approvals totaling $33.5 m since FY2020, across 20 lenders, with a median approval of $920,000, plus 4 504 approvals worth $1.9 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Granville County?
428 housing units were authorized by permit in 2024, with a declared construction value of $84.0 m. Multifamily was 28.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Granville County?
Zone 3, a predicted average indoor radon screening level less than 2 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Granville County come from?
The largest single origin is Wake County, with 450 households. Arriving households report an average income of $59,457 against $67,599 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Granville 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 Granville 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.
Granville County
Cities and places in Granville.
5 Census places lie wholly or partly in Granville County. All 5 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 |
|---|---|---|---|---|
| Oxford | city | 8,914 | 10 | Wholly in this county |
| Butner | town | 8,065 | 1 | Wholly in this county |
| Creedmoor | city | 4,997 | 11 | Wholly in this county |
| Stem | town | 1,249 | 2 | Wholly in this county |
| Stovall | town | 235 | None recorded | Wholly in this county |
A further 4 of the county's 28 SBA 7(a) approvals are to borrowers in cities that match no Census place in Granville County, the largest being Wake Forest (4). 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.