HomeNorth CarolinaMontgomery County
Montgomery County, North Carolina: commercial real estate data.
Montgomery County, North Carolina had an estimated 26,364 residents on July 1, 2024, up 2.4 percent since the 2020 census base of 25,747, across 492 square miles. County output reached $1.47 bn in 2024, 503 establishments operate here, and the SBA record carries 9 7(a) approvals worth $12.9 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Montgomery County
How many people live in Montgomery County
- Population, American Community Survey 2020-202426,007
- Households10,643
- Average household size2.44
- Median household income$57,766
- Median age44.0
- Median gross rent$766 per month
- Median owner-occupied home value$161,700
- Home value to household income2.8 times
- Annual rent as a share of median income15.9 percent
- Adults 25 and over with a bachelor degree or higher19.2 percent
- Adults 25 and over with a graduate degree6.9 percent
- Adults 25 and over18,939
- Population under 185,308
- Share under 1820.4 percent
- Population 65 and over5,787
- Share 65 and over22.3 percent
- Working age population, 18 to 6414,912
- Civilian labor force11,387
- Unemployment rate2.8 percent
- Labor force participation, adults 18 and over55.0 percent
- Rank by population among North Carolina counties74th of 100
- Rank by population among US county-equivalents, Puerto Rico included1613th of 3,222
Montgomery County is the 74th largest of 100 North Carolina counties by population. A median home costs 2.8 times median household income, which is affordable by national standards. Residents 65 and over outnumber those under 18, at 22.3 percent against 20.4 percent, which points demand at health care, services and single story product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Montgomery County
Is Montgomery County's population growing?
- Population, July 1, 202426,364
- Census 2020 base population25,747
- Population change since the 2020 census base2.40 percent
- Population change, 2023 to 2024123
- Births, 2024265
- Deaths, 2024387
- Natural change, 2024-122
- Net domestic migration, 2024146
- Net international migration, 202498
- Total net migration, 2024244
- Cumulative net domestic migration, 2021 to 2024842
- Rank by growth among US county-equivalents1037th of 3,144
The county has grown 2.40 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.
Montgomery County
Where are people moving to Montgomery County from?
- Tax returns filed by households arriving645
- People arriving, from those returns1,197
- Tax returns filed by households leaving527
- Net household movement118
- Adjusted gross income arriving$44.0 m
- Net adjusted gross income movement$8.3 m
- Average income of an arriving household$68,281
- Average income of a leaving household$67,763
- Largest single originStanly County (99 households)
- Largest single destinationRandolph County (69 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Stanly County | 99 | 186 | $5.5 m |
| Randolph County | 75 | 147 | $4.8 m |
| Moore County | 54 | 97 | $2.1 m |
| Mecklenburg County | 37 | 69 | $4.1 m |
| Cabarrus County | 35 | 60 | $4.7 m |
| Davidson County | 30 | 47 | $1.8 m |
| Richmond County | 30 | 63 | $1.3 m |
| Guilford County | 25 | 48 | $2.3 m |
Households arriving report $518 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 Stanly 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.
Montgomery County
What is the Montgomery County economy?
- County GDP, 2024$1.47 bn
- County GDP, 2023$1.42 bn
- GDP change, 2023 to 20243.7 percent
- GDP change over five years35.7 percent
- Rank by GDP among the North Carolina areas BEA publishes69th of 100
- Rank by GDP among the US county areas BEA publishes1535th of 3,127
- GDP per resident$56,508
Output grew 3.7 percent in the latest year and 35.7 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.
Montgomery County
Employment by industry in Montgomery County
- Covered employment, annual average8,933
- Establishments reporting620
- Average annual pay$48,929
- Average weekly wage$941
- Manufacturing, employment2,679
- Manufacturing, average annual pay$56,703
- Health care and social assistance, employment1,040
- Health care and social assistance, average annual pay$48,303
- Retail trade, employment796
- Retail trade, average annual pay$28,719
- Administrative and support and waste management services, employment592
- Administrative and support and waste management services, average annual pay$40,254
- Accommodation and food services, employment508
- Construction, employment499
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Manufacturing | 2,679 | 56 | $56,703 |
| Health care and social assistance | 1,040 | 51 | $48,303 |
| Retail trade | 796 | 98 | $28,719 |
| Administrative and support and waste management services | 592 | 30 | $40,254 |
| Accommodation and food services | 508 | 42 | $17,669 |
| Construction | 499 | 64 | $63,803 |
| Other services, except public administration | 220 | 46 | $36,787 |
| Arts, entertainment and recreation | 193 | 10 | $25,482 |
Manufacturing is the largest private sector at 2,679 jobs, 30.0 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Montgomery County
How many businesses are in Montgomery County?
- Establishments, all industries503
- Employment at those establishments7,600
- Annual payroll$387.8 m
- Establishments per 1,000 residents19.3
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.
Montgomery County
Building permits in Montgomery County
- Housing units authorized by permit, 2024138
- Declared construction value permitted$48.1 m
- Single family units authorized138
- Multifamily units authorized0
- Multifamily share of units0.0 percent
- Average declared value per unit$348,637
- Units authorized per 1,000 households13.0
Single-family homes are 100.0 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Montgomery County
SBA loans in Montgomery County (7(a) and 504)
- 7(a) approvals recorded9
- 7(a) gross approval dollars$12.9 m
- Average 7(a) approval$1,429,044
- Median 7(a) approval$1,300,000
- Largest single approval$2,720,000
- Jobs reported supported, 7(a)57
- Jobs per approval6.3
- Distinct 7(a) lenders active6
- Distinct industries receiving approvals7
- Median 7(a) term252 months
- Share of loans on real estate terms, 240 months or longer55.6 percent
- Loans on real estate terms5
- Loans on working capital terms, 120 months or shorter1
- Franchise loans1
- Franchise share of approvals11.1 percent
- Leading industry by approval countBroilers and Other Meat Type Chicken Production (3)
- Most active lenderLive Oak Banking Company (3)
- 504 approvals recorded1
- 504 gross approval dollars$65,000
- Average 504 approval$65,000
- Median 504 approval$65,000
- Distinct CDCs active1
- 504 jobs per approval3.0
- 504 jobs per million dollars approved46.2
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$12.9 m
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.
Montgomery County
SBA loan default and charge-off rates in Montgomery County
Do SBA loans in Montgomery County get paid back?
- Loans with a final outcome recorded0
- Paid in full0
- Charged off0
- Status: Exempt from disclosure8
- Status: Cancelled1
Only 0 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.
Montgomery County
SBA lending by place in Montgomery County
- Borrower cities with recorded lending5
- Biscoe, approvals3
- Mount Gilead, approvals2
- Star, approvals2
- Seagrove, approvals1
- Troy, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Biscoe | 3 | $6,527,000 |
| Mount Gilead | 2 | $3,244,000 |
| Star | 2 | $2,180,000 |
| Seagrove | 1 | $677,400 |
| Troy | 1 | $233,000 |
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Montgomery County
How large is Montgomery County?
- Land area492 sq mi
- Rank by land area among North Carolina counties45th of 100
- Width, east to west32.1 mi
- Height, north to south25.4 mi
- Geographies sharing a boundary5
- Residents per square mile of land53
- Establishments per square mile1.02
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.
Montgomery County
Flood risk in Montgomery County
- Participation of the county's own NFIP community Montgomery County, unincorporated areasParticipating, community 370336
- Communities in the county in the NFIP Community Status Book4
- Of those, participating in the NFIP3
- NFIP participation rate75.0 percent
- Communities carrying a CRS class0
- Radon levels in Montgomery 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 Montgomery County (community 370336), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Montgomery 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. 75.0 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 Montgomery 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 Montgomery County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202426,007
- Households10,643
- Average household size2.44
- Median household income$57,766
- Median age44.0
Common questions
Montgomery County questions, answered from the record.
How many people live in Montgomery County, North Carolina?
The Census Bureau estimates 26,364 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 26,007, in 10,643 households, ranking 74th of 100 North Carolina counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Montgomery County's population growing?
The population has grown 2.40 percent since the 2020 census base of 25,747, to 26,364 on July 1, 2024. In 2024 there were 265 births against 387 deaths, with net migration of 244. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Montgomery County?
$57,766. The median owner-occupied home is valued at $161,700, which is 2.8 times income, and median gross rent is $766 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Montgomery County?
503 establishments, employing 7,600 people with an annual payroll of $387.8 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 Montgomery County?
Manufacturing is the largest private sector at 2,679 jobs, 30.0 percent of covered employment. Covered employment averages 8,933 jobs at an average annual pay of $48,929, or $941 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Montgomery County?
9 7(a) approvals totaling $12.9 m since FY2020, across 6 lenders, with a median approval of $1,300,000, plus 1 504 approvals worth $65,000 since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Montgomery County?
138 housing units were authorized by permit in 2024, with a declared construction value of $48.1 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Montgomery 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 Montgomery County come from?
The largest single origin is Stanly County, with 99 households. Arriving households report an average income of $68,281 against $67,763 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Montgomery 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 Montgomery 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.
Montgomery County
Cities and places in Montgomery.
5 Census places lie wholly or partly in Montgomery 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 |
|---|---|---|---|---|
| Troy | town | 2,926 | 1 | Wholly in this county |
| Biscoe | town | 2,116 | 3 | Wholly in this county |
| Star | town | 1,282 | 2 | Wholly in this county |
| Mount Gilead | town | 1,197 | 2 | Wholly in this county |
| Candor | town | 1,160 | None recorded | 93.3 percent here, 6.7 percent Moore County |
A further 1 of the county's 9 SBA 7(a) approvals are to borrowers in cities that match no Census place in Montgomery County, the largest being Seagrove (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.