HomeNorth CarolinaHenderson CountyMills River town
Mills River town, North Carolina: commercial real estate data.
Mills River town 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.
80 sourced place values · tier FULL · 9 sections · 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
- Ninetieth percentile approval$5,000,000
- 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
A charge-off rate is not published here. only 3 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
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
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
- Listed NFIP communities1
- Of those, participating0
- NFIP community number370025
- Currently effective map date01/06/10
This community carries no Community Rating System class, so no CRS premium discount applies to it.
FEMA, National Flood Insurance Program Community Status Book, Community Status Book, as retrieved.
Henderson County, not Mills River
Henderson County context, not Mills River figures
These are Henderson County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Mills River measurements.
- Establishments in Henderson County3,085
- Employment at those establishments, Henderson County38,824
- Covered employment, Henderson County44,207
- Average annual pay, Henderson County$54,106
- Average weekly wage, Henderson County$1,041
- Housing units permitted, Henderson County1,610
- Of those, single family, Henderson County988
- County product, 2024, Henderson County$6,371,806,000
- County product change over the prior year, Henderson County6.5 percent
- Average income of an arriving household, Henderson County$95,308
Every figure in this section is published for Henderson County as a whole and is not a measurement of Mills River. 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.
- 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
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 totalling $17.7 m, across 6 lenders, median approval $2,250,000, plus 1 504 approvals worth $150,000. 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 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Is Mills River in the National Flood Insurance Program?
It is listed but not shown as participating. Mills River appears in the FEMA Community Status Book as 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 labelled 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.