HomeNorth CarolinaHenderson CountyMills River
Mills River, North Carolina: commercial real estate data.
Mills River is a Census town of 7,281 people across 22.38 square miles of land, in Henderson County. Median household income is $105,398, 85.6 percent of occupied homes are owned, and the SBA record carries 9 7(a) approvals to borrowers here worth $17.7 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Mills River
What Mills River is
- Census place typetown
- Land area22.38 sq mi
- Water area0.2 sq mi
- Population per square mile of land325
- County holding the largest share of its areaHenderson 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.
Mills River
How many people live in Mills River
- Population7,281
- Median age46.4
- Population under 181,583
- Share under 1821.7 percent
- Population 65 and over1,770
- Share 65 and over24.3 percent
- Households2,727
- Family households2,065
- Share of households that are families75.7 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Mills River
Income and work in Mills River
- Median household income$105,398
- Per capita income$46,796
- Civilian labor force3,743
- Employed3,640
- Unemployed103 plus or minus 74
- Unemployment rate2.8 percent plus or minus 2.0
- Adults 25 and over5,224
- Adults 25 and over with a high school diploma or higher94.4 percent
- Adults 25 and over with a bachelor degree or higher43.7 percent
- Adults 25 and over with a graduate degree18.6 percent plus or minus 3.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Mills River
Housing in Mills River
- Housing units3,172
- Occupied units2,727
- Vacant units445 plus or minus 152
- Vacancy rate14.0 percent plus or minus 4.7
- Owner occupied2,334
- Renter occupied393 plus or minus 130
- Ownership rate85.6 percent
- Median owner-occupied home value$436,100
- Median gross rent, monthly$1,551 plus or minus $437
- Annual rent as a share of median income17.7 percent plus or minus 5.5
- Single family units2,603
- Share single family82.1 percent
- Units in buildings of two or more39 plus or minus 46
- Share in buildings of two or more1.2 percent plus or minus 1.5
- Mobile homes510 plus or minus 168
- Median year structure built1997
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Mills River
How Mills River gets to work
- Workers 16 and over who commute3,162
- Commuting under 15 minutes918 plus or minus 202
- Share commuting under 15 minutes29.0 percent plus or minus 5.8
- Commuting 30 minutes or more908 plus or minus 222
- Share commuting 30 minutes or more28.7 percent plus or minus 6.5
- Drove alone76.4 percent
- Carpooled9.8 percent plus or minus 4.8
- Public transport0.0 percent
- Walked0.2 percent plus or minus 0.3
- Worked from home11.5 percent plus or minus 3.2
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Mills River
SBA loans in Mills River (7(a))
- Approvals9
- Gross approval$17,705,800
- Average approval$1,967,311
- Median approval$2,250,000
- Largest approval$5,000,000
- Jobs supported360
- Jobs per approval40.0
- Loans with a final outcome3
- Paid in full3
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more44.4 percent
- Share to franchises0.0 percent
- Distinct lenders6
- Distinct industries by NAICS6
Counted by borrower city: approvals to borrowers whose address is in Mills River, in any county, FY2020 to FY2026. Only 3 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Mills River
SBA loans in Mills River (504)
- Approvals1
- Gross approval$150,000
- Average approval$150,000
- Median approval$150,000
- Largest approval$150,000
- Jobs supported5
- Loans with a final outcome0
- Charged off0
- Median term240 months
- Distinct CDCs1
Counted by borrower city: approvals to borrowers whose address is in Mills River, in any county, FY2010 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Mills River
Flood risk in Mills River
- NFIP communityTown of Mills River
- NFIP community number370025
- Participating in the NFIPNo
- Community Rating System classNone
- Currently effective map date01/06/10
The Town of Mills River does not participate in the National Flood Insurance Program as community 370025 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Henderson County, not Mills River
Henderson County context, not Mills River figures
- Establishments in Henderson County3,085
- Covered employment, Henderson County44,207
- Average annual pay, Henderson County$54,106
- Housing units permitted, Henderson County1,610
Every figure in this section is published for Henderson County as a whole and is not a measurement of Mills River.
All Henderson County figures →
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.
Coverage
What this page does not hold.
Parcel detail, 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 →
Common questions
Mills River questions, answered from the record.
How many people live in Mills River, North Carolina?
7,281, in 2,727 households. Mills River town covers 22.38 square miles of land, which is 325 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Mills River in?
Henderson 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 Mills River?
$105,398. The median owner-occupied home is valued at $436,100. Median gross rent is $1,551 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Mills River businesses?
9 7(a) approvals totaling $17.7 m since FY2020, across 6 lenders, median approval $2,250,000, plus 1 504 approvals worth $150,000 since FY2010. These count approvals to borrowers whose address is in Mills River, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Mills River borrowers get paid back?
No rate is published for Mills River. Only 3 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Mills River in the National Flood Insurance Program?
No, it is listed but not participating. Mills River appears in the FEMA Community Status Book as Mills River, town of, community 370025, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Mills River figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Henderson 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 Mills River.
Is zoning published for Mills River?
No. Nothing on this page presents parcel level zoning.