HomeNorth CarolinaIredell County
Iredell County, North Carolina: commercial real estate data.
Iredell County, North Carolina had an estimated 206,361 residents on July 1, 2024, up 10.5 percent since the 2020 census base of 186,688, across 574 square miles. County output reached $13.55 bn in 2024, 5,405 establishments operate here, and the SBA record carries 207 7(a) approvals worth $145.9 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Iredell County
How many people live in Iredell County
- Population, American Community Survey 2020-2024196,544
- Households76,344
- Average household size2.57
- Median household income$81,419
- Median age40.8
- Median gross rent$1,252 per month
- Median owner-occupied home value$321,400
- Home value to household income3.9 times
- Annual rent as a share of median income18.5 percent
- Adults 25 and over with a bachelor degree or higher34.1 percent
- Adults 25 and over with a graduate degree11.1 percent
- Adults 25 and over137,284
- Population under 1843,749
- Share under 1822.3 percent
- Population 65 and over32,939
- Share 65 and over16.8 percent
- Working age population, 18 to 64119,856
- Civilian labor force102,431
- Unemployment rate4.2 percent
- Labor force participation, adults 18 and over67.0 percent
- Rank by population among North Carolina counties14th of 100
- Rank by population among US county-equivalents, Puerto Rico included355th of 3,222
Iredell County is the 14th largest of 100 North Carolina counties by population. A median home costs 3.9 times median household income, which is moderately unaffordable by national standards. Residents under 18 outnumber those 65 and over, at 22.3 percent against 16.8 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Iredell County
Is Iredell County's population growing?
- Population, July 1, 2024206,361
- Census 2020 base population186,688
- Population change since the 2020 census base10.54 percent
- Population change, 2023 to 20246,050
- Births, 20242,082
- Deaths, 20241,897
- Natural change, 2024185
- Net domestic migration, 20245,023
- Net international migration, 2024852
- Total net migration, 20245,875
- Cumulative net domestic migration, 2021 to 202416,205
- Rank by growth among US county-equivalents135th of 3,144
The county has grown 10.54 percent since the 2020 census base. The population grew in 2024 from both sources: births exceeded deaths and more people moved in than left.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Iredell County
Where are people moving to Iredell County from?
- Tax returns filed by households arriving6,805
- People arriving, from those returns12,732
- Tax returns filed by households leaving5,522
- Net household movement1,283
- Adjusted gross income arriving$616.2 m
- Net adjusted gross income movement$135.0 m
- Average income of an arriving household$90,546
- Average income of a leaving household$87,138
- Largest single originMecklenburg County (1,431 households)
- Largest single destinationMecklenburg County (915 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Mecklenburg County | 1,431 | 2,638 | $117.9 m |
| Cabarrus County | 288 | 552 | $25.3 m |
| Rowan County | 266 | 487 | $15.7 m |
| Catawba County | 250 | 426 | $15.1 m |
| Forsyth County | 112 | 192 | $9.5 m |
| Alexander County | 101 | 194 | $4.6 m |
| Lincoln County | 98 | 178 | $6.1 m |
| Wake County | 95 | 162 | $9.6 m |
Households arriving report $3,408 more average income than households leaving, so the migration is raising local spending power rather than just moving it around. The largest single source of arrivals is Mecklenburg 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.
Iredell County
What is the Iredell County economy?
- County GDP, 2024$13.55 bn
- County GDP, 2023$13.28 bn
- GDP change, 2023 to 20242.0 percent
- GDP change over five years32.7 percent
- Rank by GDP among the North Carolina areas BEA publishes9th of 100
- Rank by GDP among the US county areas BEA publishes348th of 3,127
- GDP per resident$68,932
Output grew 2.0 percent in the latest year and 32.7 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.
Iredell County
Employment by industry in Iredell County
- Covered employment, annual average81,195
- Establishments reporting7,123
- Average annual pay$63,307
- Average weekly wage$1,217
- Retail trade, employment12,076
- Retail trade, average annual pay$40,537
- Manufacturing, employment11,735
- Manufacturing, average annual pay$67,980
- Health care and social assistance, employment8,182
- Health care and social assistance, average annual pay$60,516
- Accommodation and food services, employment8,149
- Accommodation and food services, average annual pay$22,969
- Construction, employment5,189
- Administrative and support and waste management services, employment4,566
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Retail trade | 12,076 | 748 | $40,537 |
| Manufacturing | 11,735 | 362 | $67,980 |
| Health care and social assistance | 8,182 | 645 | $60,516 |
| Accommodation and food services | 8,149 | 457 | $22,969 |
| Construction | 5,189 | 764 | $71,350 |
| Administrative and support and waste management services | 4,566 | 533 | $48,160 |
| Wholesale trade | 3,804 | 559 | $94,558 |
| Arts, entertainment and recreation | 2,654 | 186 | $65,800 |
Retail trade is the largest private sector at 12,076 jobs, 14.9 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Iredell County
How many businesses are in Iredell County?
- Establishments, all industries5,405
- Employment at those establishments80,234
- Annual payroll$5.13 bn
- Establishments per 1,000 residents27.5
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.
Iredell County
Building permits in Iredell County
- Housing units authorized by permit, 20241,955
- Declared construction value permitted$434.5 m
- Single family units authorized1,827
- Multifamily units authorized128
- Multifamily share of units6.5 percent
- Average declared value per unit$222,259
- Units authorized per 1,000 households25.6
Single-family homes are 93.5 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Iredell County
SBA loans in Iredell County (7(a) and 504)
- 7(a) approvals recorded207
- 7(a) gross approval dollars$145.9 m
- Average 7(a) approval$704,964
- Median 7(a) approval$319,000
- 10th percentile approval$41,200
- 90th percentile approval$1,940,000
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)2,293
- Jobs per approval11.1
- Distinct 7(a) lenders active54
- Distinct industries receiving approvals113
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer19.8 percent
- Loans on real estate terms41
- Loans on working capital terms, 120 months or shorter152
- Franchise loans44
- Franchise share of approvals21.3 percent
- Leading industry by approval countSnack and Nonalcoholic Beverage Bars (8)
- Most active lenderLive Oak Banking Company (17)
- 504 approvals recorded47
- 504 gross approval dollars$49.4 m
- Average 504 approval$1,051,255
- Median 504 approval$750,000
- Distinct CDCs active5
- 504 jobs per approval14.6
- 504 jobs per million dollars approved13.9
- Most active CDCBusiness Expansion Funding Corporation (32)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$195.3 m
The average approval of $704,964 sits well above the median of $319,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. Only 19.8 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.
Iredell County
SBA loan default and charge-off rates in Iredell County
Do SBA loans in Iredell County get paid back?
- Loans with a final outcome recorded34
- Paid in full32
- Charged off2
- Charge-off rate on resolved loans5.9 percent
- Status: Paid in full32
- Status: Exempt from disclosure135
- Status: Cancelled17
- Status: Charged off2
- Status: Committed, not yet disbursed21
Of the 34 loans that have reached a final outcome, 5.9 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong.
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.
Iredell County
SBA lending by place in Iredell County
- Borrower cities with recorded lending10
- Mooresville, approvals136
- Statesville, approvals49
- Troutman, approvals11
- Harmony, approvals3
- Cleveland, approvals2
- Union Grove, approvals2
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Mooresville | 136 | $93,510,400 |
| Statesville | 49 | $41,078,300 |
| Troutman | 11 | $4,180,800 |
| Harmony | 3 | $630,000 |
| Cleveland | 2 | $4,748,000 |
| Union Grove | 2 | $355,000 |
| Olin | 1 | $900,000 |
| Huntersville | 1 | $250,000 |
| 2 other borrower cities | 2 | $275,000 |
Mooresville accounts for 136 approvals against 49 in Statesville. 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.
Iredell County
How large is Iredell County?
- Land area574 sq mi
- Rank by land area among North Carolina counties26th of 100
- Width, east to west23.4 mi
- Height, north to south39.2 mi
- Geographies sharing a boundary9
- Residents per square mile of land342
- Establishments per square mile9.42
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.
Iredell County
Flood risk in Iredell County
- Participation of the county's own NFIP community Iredell County, unincorporated areasParticipating, community 370313
- Communities in the county in the NFIP Community Status Book5
- Of those, participating in the NFIP5
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Iredell County, EPA zone predicted average indoor radon screening level from 2 to 4 pCi/LZone 2
The county's own community in the status book, unincorporated Iredell County (community 370313), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Iredell 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. 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 Iredell 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 Iredell County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-2024196,544
- Households76,344
- Average household size2.57
- Median household income$81,419
- Median age40.8
Common questions
Iredell County questions, answered from the record.
How many people live in Iredell County, North Carolina?
The Census Bureau estimates 206,361 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 196,544, in 76,344 households, ranking 14th of 100 North Carolina counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Iredell County's population growing?
The population has grown 10.54 percent since the 2020 census base of 186,688, to 206,361 on July 1, 2024. In 2024 there were 2,082 births against 1,897 deaths, with net migration of 5,875. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Iredell County?
$81,419. The median owner-occupied home is valued at $321,400, which is 3.9 times income, and median gross rent is $1,252 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Iredell County?
5,405 establishments, employing 80,234 people with an annual payroll of $5.13 bn. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in Iredell County?
Retail trade is the largest private sector at 12,076 jobs, 14.9 percent of covered employment. Covered employment averages 81,195 jobs at an average annual pay of $63,307, or $1,217 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Iredell County?
207 7(a) approvals totaling $145.9 m since FY2020, across 54 lenders, with a median approval of $319,000, plus 47 504 approvals worth $49.4 m since FY2010. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Iredell County get paid back?
Of the 34 loans that have reached a final outcome, 32 were paid in full and 2 charged off, a charge-off rate of 5.9 percent. Loans still running are excluded, because they have not yet succeeded or failed.
How many building permits were issued in Iredell County?
1,955 housing units were authorized by permit in 2024, with a declared construction value of $434.5 m. Multifamily was 6.5 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Iredell 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 Iredell County come from?
The largest single origin is Mecklenburg County, with 1,431 households. Arriving households report an average income of $90,546 against $87,138 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Iredell 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 Iredell 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.
Iredell County
Cities and places in Iredell.
8 Census places lie wholly or partly in Iredell County. All 8 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 |
|---|---|---|---|---|
| Mooresville | town | 52,381 | 136 | Wholly in this county |
| Statesville | city | 29,894 | 49 | Wholly in this county |
| Davidson | town | 15,660 | None recorded | 5.0 percent here, 95.0 percent Mecklenburg County |
| Lake Norman of Iredell | CDP | 12,494 | None recorded | Wholly in this county |
| Troutman | town | 3,995 | 11 | Wholly in this county |
| Stony Point | CDP | 1,372 | None recorded | 18.5 percent here, 81.5 percent Alexander County |
| Harmony | town | 967 | 3 | Wholly in this county |
| Love Valley | town | 159 | None recorded | Wholly in this county |
A further 8 of the county's 207 SBA 7(a) approvals are to borrowers in cities that match no Census place in Iredell County, the largest being Cleveland (2), Union Grove (2), Olin (1). 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.