HomeNorth CarolinaPasquotank County
Pasquotank County, North Carolina: commercial real estate data.
Pasquotank County, North Carolina had an estimated 41,418 residents on July 1, 2024, up 2.1 percent since the 2020 census base of 40,569, across 227 square miles. County output reached $2.21 bn in 2024, 931 establishments operate here, and the SBA record carries 28 7(a) approvals worth $25.9 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Pasquotank County
How many people live in Pasquotank County
- Population, American Community Survey 2020-202440,834
- Households15,785
- Average household size2.59
- Median household income$66,589
- Median age39.6
- Median gross rent$1,170 per month
- Median owner-occupied home value$234,600
- Home value to household income3.5 times
- Annual rent as a share of median income21.1 percent
- Adults 25 and over with a bachelor degree or higher27.6 percent
- Adults 25 and over with a graduate degree8.9 percent
- Adults 25 and over28,086
- Population under 188,737
- Share under 1821.4 percent
- Population 65 and over7,612
- Share 65 and over18.6 percent
- Working age population, 18 to 6424,485
- Civilian labor force18,954
- Unemployment rate5.9 percent
- Labor force participation, adults 18 and over59.1 percent
- Rank by population among North Carolina counties62nd of 100
- Rank by population among US county-equivalents, Puerto Rico included1190th of 3,222
Pasquotank County is the 62nd 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 21.4 percent against 18.6 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Pasquotank County
Is Pasquotank County's population growing?
- Population, July 1, 202441,418
- Census 2020 base population40,569
- Population change since the 2020 census base2.09 percent
- Population change, 2023 to 2024238
- Births, 2024353
- Deaths, 2024450
- Natural change, 2024-97
- Net domestic migration, 2024236
- Net international migration, 202496
- Total net migration, 2024332
- Cumulative net domestic migration, 2021 to 20241,160
- Rank by growth among US county-equivalents1152nd of 3,144
The county has grown 2.09 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.
Pasquotank County
Where are people moving to Pasquotank County from?
- Tax returns filed by households arriving1,303
- People arriving, from those returns2,489
- Tax returns filed by households leaving1,177
- Net household movement126
- Adjusted gross income arriving$70.6 m
- Net adjusted gross income movement$7.3 m
- Average income of an arriving household$54,157
- Average income of a leaving household$53,711
- Largest single originChesapeake city (132 households)
- Largest single destinationPerquimans County (94 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Chesapeake city | 132 | 244 | $7.2 m |
| Camden County | 95 | 195 | $5.7 m |
| Virginia Beach city | 89 | 172 | $5.1 m |
| Perquimans County | 82 | 157 | $3.7 m |
| Currituck County | 70 | 132 | $3.4 m |
| Norfolk city | 46 | 86 | $1.7 m |
| Dare County | 33 | 48 | $1.3 m |
| Chowan County | 31 | 68 | $1.2 m |
Households arriving report $446 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 Chesapeake city, 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.
Pasquotank County
What is the Pasquotank County economy?
- County GDP, 2024$2.21 bn
- County GDP, 2023$2.10 bn
- GDP change, 2023 to 20245.2 percent
- GDP change over five years33.4 percent
- Rank by GDP among the North Carolina areas BEA publishes56th of 100
- Rank by GDP among the US county areas BEA publishes1198th of 3,127
- GDP per resident$54,031
Output grew 5.2 percent in the latest year and 33.4 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.
Pasquotank County
Employment by industry in Pasquotank County
- Covered employment, annual average16,026
- Establishments reporting1,150
- Average annual pay$50,275
- Average weekly wage$967
- Health care and social assistance, employment2,756
- Health care and social assistance, average annual pay$61,331
- Retail trade, employment2,442
- Retail trade, average annual pay$33,959
- Accommodation and food services, employment1,770
- Accommodation and food services, average annual pay$20,567
- Manufacturing, employment843
- Manufacturing, average annual pay$54,983
- Construction, employment558
- Transportation and warehousing, employment536
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Health care and social assistance | 2,756 | 148 | $61,331 |
| Retail trade | 2,442 | 185 | $33,959 |
| Accommodation and food services | 1,770 | 113 | $20,567 |
| Manufacturing | 843 | 40 | $54,983 |
| Construction | 558 | 95 | $60,386 |
| Transportation and warehousing | 536 | 39 | $76,025 |
| Other services, except public administration | 484 | 106 | $37,399 |
| Wholesale trade | 341 | 28 | $53,181 |
Health care and social assistance is the largest private sector at 2,756 jobs, 17.2 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Pasquotank County
How many businesses are in Pasquotank County?
- Establishments, all industries931
- Employment at those establishments11,207
- Annual payroll$491.3 m
- Establishments per 1,000 residents22.8
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.
Pasquotank County
Building permits in Pasquotank County
- Housing units authorized by permit, 2024153
- Declared construction value permitted$39.6 m
- Single family units authorized153
- Multifamily units authorized0
- Multifamily share of units0.0 percent
- Average declared value per unit$259,049
- Units authorized per 1,000 households9.7
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.
Pasquotank County
SBA loans in Pasquotank County (7(a) and 504)
- 7(a) approvals recorded28
- 7(a) gross approval dollars$25.9 m
- Average 7(a) approval$925,239
- Median 7(a) approval$514,500
- 10th percentile approval$92,500
- 90th percentile approval$2,196,500
- Largest single approval$4,440,000
- Jobs reported supported, 7(a)596
- Jobs per approval21.3
- Distinct 7(a) lenders active15
- Distinct industries receiving approvals18
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer21.4 percent
- Loans on real estate terms6
- Loans on working capital terms, 120 months or shorter21
- Franchise loans6
- Franchise share of approvals21.4 percent
- Leading industry by approval countAircraft Manufacturing (6)
- Most active lenderNewtek Bank, National Association (7)
- 504 approvals recorded17
- 504 gross approval dollars$10.6 m
- Average 504 approval$624,765
- Median 504 approval$399,000
- Distinct CDCs active2
- 504 jobs per approval6.5
- 504 jobs per million dollars approved10.5
- Most active CDCBusiness Expansion Funding Corporation (9)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$36.5 m
The average approval of $925,239 sits well above the median of $514,500, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. Only 21.4 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.
Pasquotank County
SBA loan default and charge-off rates in Pasquotank County
Do SBA loans in Pasquotank County get paid back?
- Loans with a final outcome recorded3
- Paid in full3
- Charged off0
- Status: Paid in full3
- Status: Exempt from disclosure20
- Status: Cancelled3
- Status: Committed, not yet disbursed2
Only 3 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.
Pasquotank County
How large is Pasquotank County?
- Land area227 sq mi
- Rank by land area among North Carolina counties96th of 100
- Width, east to west24.8 mi
- Height, north to south27.2 mi
- Geographies sharing a boundary3
- Residents per square mile of land180
- Establishments per square mile4.10
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.
Pasquotank County
Flood risk in Pasquotank County
- Participation of the county's own NFIP community Pasquotank County, unincorporated areasParticipating, community 370184
- Communities in the county in the NFIP Community Status Book2
- Of those, participating in the NFIP2
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Pasquotank 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 Pasquotank County (community 370184), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Pasquotank 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 Pasquotank 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 Pasquotank County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202440,834
- Households15,785
- Average household size2.59
- Median household income$66,589
- Median age39.6
Common questions
Pasquotank County questions, answered from the record.
How many people live in Pasquotank County, North Carolina?
The Census Bureau estimates 41,418 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 40,834, in 15,785 households, ranking 62nd of 100 North Carolina counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Pasquotank County's population growing?
The population has grown 2.09 percent since the 2020 census base of 40,569, to 41,418 on July 1, 2024. In 2024 there were 353 births against 450 deaths, with net migration of 332. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Pasquotank County?
$66,589. The median owner-occupied home is valued at $234,600, which is 3.5 times income, and median gross rent is $1,170 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Pasquotank County?
931 establishments, employing 11,207 people with an annual payroll of $491.3 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 Pasquotank County?
Health care and social assistance is the largest private sector at 2,756 jobs, 17.2 percent of covered employment. Covered employment averages 16,026 jobs at an average annual pay of $50,275, or $967 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Pasquotank County?
28 7(a) approvals totaling $25.9 m since FY2020, across 15 lenders, with a median approval of $514,500, plus 17 504 approvals worth $10.6 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Pasquotank County?
153 housing units were authorized by permit in 2024, with a declared construction value of $39.6 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Pasquotank 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 Pasquotank County come from?
The largest single origin is Chesapeake city, with 132 households. Arriving households report an average income of $54,157 against $53,711 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Pasquotank 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 Pasquotank 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.
Pasquotank County
Cities and places in Pasquotank.
1 Census place lies wholly or partly in Pasquotank County. It carries enough published place level data for a page of its own and is linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Elizabeth City | city | 18,871 | 28 | Wholly in this county |