HomeNorth CarolinaVance County
Vance County, North Carolina: commercial real estate data.
Vance County, North Carolina had an estimated 42,337 residents on July 1, 2024, down 0.6 percent since the 2020 census base of 42,585, across 254 square miles. County output reached $1.69 bn in 2024, 880 establishments operate here, and the SBA record carries 25 7(a) approvals worth $28.9 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Vance County
How many people live in Vance County
- Population, American Community Survey 2020-202442,322
- Households16,147
- Average household size2.62
- Median household income$50,465
- Median age39.9
- Median gross rent$883 per month
- Median owner-occupied home value$161,500
- Home value to household income3.2 times
- Annual rent as a share of median income21.0 percent
- Adults 25 and over with a bachelor degree or higher17.2 percent
- Adults 25 and over with a graduate degree4.8 percent
- Adults 25 and over28,532
- Population under 1810,160
- Share under 1824.0 percent
- Population 65 and over8,163
- Share 65 and over19.3 percent
- Working age population, 18 to 6423,999
- Civilian labor force19,458
- Unemployment rate8.2 percent
- Labor force participation, adults 18 and over60.5 percent
- Rank by population among North Carolina counties61st of 100
- Rank by population among US county-equivalents, Puerto Rico included1163rd of 3,222
Vance County is the 61st largest of 100 North Carolina counties by population. A median home costs 3.2 times median household income, which is moderately unaffordable by national standards. Residents under 18 outnumber those 65 and over, at 24.0 percent against 19.3 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Vance County
Is Vance County's population growing?
- Population, July 1, 202442,337
- Census 2020 base population42,585
- Population change since the 2020 census base-0.58 percent
- Population change, 2023 to 20248
- Births, 2024493
- Deaths, 2024632
- Natural change, 2024-139
- Net domestic migration, 2024-40
- Net international migration, 2024185
- Total net migration, 2024145
- Cumulative net domestic migration, 2021 to 2024-250
- Rank by growth among US county-equivalents2044th of 3,144
The county has lost 0.58 percent of its population 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.
Vance County
Where are people moving to Vance County from?
- Tax returns filed by households arriving1,025
- People arriving, from those returns1,990
- Tax returns filed by households leaving959
- Net household movement66
- Adjusted gross income arriving$45.0 m
- Net adjusted gross income movement$-3.6 m
- Average income of an arriving household$43,923
- Average income of a leaving household$50,670
- Largest single originGranville County (176 households)
- Largest single destinationGranville County (168 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Granville County | 176 | 381 | $8.2 m |
| Wake County | 145 | 266 | $6.7 m |
| Franklin County | 125 | 281 | $5.5 m |
| Warren County | 97 | 203 | $3.7 m |
| Durham County | 93 | 186 | $3.7 m |
Households arriving report $6,747 less average income than households leaving, which drains spending power even where headcount holds up. The largest single source of arrivals is Granville 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.
Vance County
What is the Vance County economy?
- County GDP, 2024$1.69 bn
- County GDP, 2023$1.62 bn
- GDP change, 2023 to 20244.5 percent
- GDP change over five years33.4 percent
- Rank by GDP among the North Carolina areas BEA publishes66th of 100
- Rank by GDP among the US county areas BEA publishes1420th of 3,127
- GDP per resident$39,906
Output grew 4.5 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.
Vance County
Employment by industry in Vance County
- Covered employment, annual average14,120
- Establishments reporting958
- Average annual pay$47,261
- Average weekly wage$909
- Health care and social assistance, employment2,181
- Health care and social assistance, average annual pay$50,423
- Retail trade, employment2,026
- Retail trade, average annual pay$35,028
- Transportation and warehousing, employment1,525
- Transportation and warehousing, average annual pay$47,849
- Manufacturing, employment1,489
- Manufacturing, average annual pay$63,812
- Accommodation and food services, employment1,393
- Administrative and support and waste management services, employment543
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Health care and social assistance | 2,181 | 112 | $50,423 |
| Retail trade | 2,026 | 185 | $35,028 |
| Transportation and warehousing | 1,525 | 37 | $47,849 |
| Manufacturing | 1,489 | 38 | $63,812 |
| Accommodation and food services | 1,393 | 73 | $18,149 |
| Administrative and support and waste management services | 543 | 62 | $35,511 |
| Wholesale trade | 472 | 31 | $72,153 |
| Educational services | 415 | 9 | $45,108 |
Health care and social assistance is the largest private sector at 2,181 jobs, 15.4 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Vance County
How many businesses are in Vance County?
- Establishments, all industries880
- Employment at those establishments13,108
- Annual payroll$569.1 m
- Establishments per 1,000 residents20.8
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.
Vance County
Building permits in Vance County
- Housing units authorized by permit, 202473
- Declared construction value permitted$24.5 m
- Single family units authorized73
- Multifamily units authorized0
- Multifamily share of units0.0 percent
- Average declared value per unit$335,094
- Units authorized per 1,000 households4.5
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.
Vance County
SBA loans in Vance County (7(a) and 504)
- 7(a) approvals recorded25
- 7(a) gross approval dollars$28.9 m
- Average 7(a) approval$1,154,068
- Median 7(a) approval$500,000
- 10th percentile approval$171,860
- 90th percentile approval$3,226,160
- Largest single approval$3,825,000
- Jobs reported supported, 7(a)229
- Jobs per approval9.2
- Distinct 7(a) lenders active16
- Distinct industries receiving approvals15
- Median 7(a) term180 months
- Share of loans on real estate terms, 240 months or longer44.0 percent
- Loans on real estate terms11
- Loans on working capital terms, 120 months or shorter10
- Franchise loans9
- Franchise share of approvals36.0 percent
- Leading industry by approval countHotels (except Casino Hotels) and Motels (8)
- Most active lenderEmbassy National Bank (4)
- 504 approvals recorded1
- 504 gross approval dollars$1.0 m
- Average 504 approval$1,009,000
- Median 504 approval$1,009,000
- Distinct CDCs active1
- 504 jobs per approval0.0
- 504 jobs per million dollars approved0.0
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$29.9 m
The average approval of $1,154,068 sits well above the median of $500,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. 44.0 percent of approvals run on real estate terms of 240 months or more, so this is a market where SBA credit is buying buildings, not just funding operations.
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.
Vance County
SBA loan default and charge-off rates in Vance County
Do SBA loans in Vance County get paid back?
- Loans with a final outcome recorded5
- Paid in full5
- Charged off0
- Status: Paid in full5
- Status: Cancelled5
- Status: Exempt from disclosure11
- Status: Committed, not yet disbursed4
Only 5 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.
Vance County
SBA lending by place in Vance County
- Borrower cities with recorded lending2
- Henderson, approvals24
- Middleburg, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Henderson | 24 | $28,425,700 |
| Middleburg | 1 | $426,000 |
Henderson accounts for 24 approvals against 1 in Middleburg. 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.
Vance County
How large is Vance County?
- Land area254 sq mi
- Rank by land area among North Carolina counties90th of 100
- Width, east to west12.5 mi
- Height, north to south26.2 mi
- Geographies sharing a boundary4
- Residents per square mile of land167
- Establishments per square mile3.46
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.
Vance County
Flood risk in Vance County
- Participation of the county's own NFIP community Vance County, unincorporated areasParticipating, community 370366
- Communities in the county in the NFIP Community Status Book3
- Of those, participating in the NFIP3
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Vance 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 Vance County (community 370366), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Vance 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 Vance 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 Vance County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202442,322
- Households16,147
- Average household size2.62
- Median household income$50,465
- Median age39.9
Common questions
Vance County questions, answered from the record.
How many people live in Vance County, North Carolina?
The Census Bureau estimates 42,337 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 42,322, in 16,147 households, ranking 61st of 100 North Carolina counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Vance County's population growing?
The population has fallen 0.58 percent since the 2020 census base of 42,585, to 42,337 on July 1, 2024. In 2024 there were 493 births against 632 deaths, with net migration of 145. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Vance County?
$50,465. The median owner-occupied home is valued at $161,500, which is 3.2 times income, and median gross rent is $883 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Vance County?
880 establishments, employing 13,108 people with an annual payroll of $569.1 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 Vance County?
Health care and social assistance is the largest private sector at 2,181 jobs, 15.4 percent of covered employment. Covered employment averages 14,120 jobs at an average annual pay of $47,261, or $909 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Vance County?
25 7(a) approvals totaling $28.9 m since FY2020, across 16 lenders, with a median approval of $500,000, plus 1 504 approvals worth $1.0 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Vance County?
73 housing units were authorized by permit in 2024, with a declared construction value of $24.5 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Vance 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 Vance County come from?
The largest single origin is Granville County, with 176 households. Arriving households report an average income of $43,923 against $50,670 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Vance 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 Vance 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.
Vance County
Cities and places in Vance.
4 Census places lie wholly or partly in Vance County. All 4 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 |
|---|---|---|---|---|
| Henderson | city | 14,885 | 24 | Wholly in this county |
| South Henderson | CDP | 981 | None recorded | Wholly in this county |
| Middleburg | town | 141 | 1 | Wholly in this county |
| Kittrell | town | 57 | None recorded | Wholly in this county |