Shelby County, Ohio: commercial real estate data.
Shelby County, Ohio had an estimated 47,952 residents on July 1, 2024, down 0.6 percent since the 2020 census base of 48,233, across 408 square miles. County output reached $4.07 bn in 2024, 989 establishments operate here, and the SBA record carries 45 7(a) approvals worth $19.6 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Shelby County
How many people live in Shelby County
- Population, American Community Survey 2020-202447,929
- Households18,906
- Average household size2.54
- Median household income$73,978
- Median age40.3
- Median gross rent$922 per month
- Median owner-occupied home value$208,100
- Home value to household income2.8 times
- Annual rent as a share of median income15.0 percent
- Adults 25 and over with a bachelor degree or higher21.4 percent
- Adults 25 and over with a graduate degree7.1 percent
- Adults 25 and over32,068
- Population under 1811,724
- Share under 1824.5 percent
- Population 65 and over8,689
- Share 65 and over18.1 percent
- Working age population, 18 to 6427,516
- Civilian labor force24,769
- Unemployment rate4.1 percent
- Labor force participation, adults 18 and over68.4 percent
- Rank by population among Ohio counties50th of 88
- Rank by population among US county-equivalents, Puerto Rico included1041st of 3,222
Shelby County is the 50th largest of 88 Ohio counties by population. A median home costs 2.8 times median household income, which is affordable by national standards. Residents under 18 outnumber those 65 and over, at 24.5 percent against 18.1 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Shelby County
Is Shelby County's population growing?
- Population, July 1, 202447,952
- Census 2020 base population48,233
- Population change since the 2020 census base-0.58 percent
- Population change, 2023 to 2024167
- Births, 2024575
- Deaths, 2024521
- Natural change, 202454
- Net domestic migration, 202446
- Net international migration, 202470
- Total net migration, 2024116
- Cumulative net domestic migration, 2021 to 2024-493
- Rank by growth among US county-equivalents2046th of 3,144
The county has lost 0.58 percent of its population 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.
Shelby County
Where are people moving to Shelby County from?
- Tax returns filed by households arriving925
- People arriving, from those returns1,543
- Tax returns filed by households leaving1,079
- Net household movement-154
- Adjusted gross income arriving$44.6 m
- Net adjusted gross income movement$-7.9 m
- Average income of an arriving household$48,237
- Average income of a leaving household$48,718
- Largest single originMiami County (219 households)
- Largest single destinationMiami County (287 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Miami County | 219 | 373 | $8.8 m |
| Auglaize County | 123 | 231 | $8.0 m |
| Logan County | 71 | 118 | $3.3 m |
| Montgomery County | 46 | 74 | $2.2 m |
| Darke County | 35 | 57 | $1.2 m |
| Franklin County | 30 | 40 | $1.2 m |
| Clark County | 28 | 48 | $823,000 |
| Allen County | 23 | 38 | $899,000 |
Households arriving report $481 less average income than households leaving, which drains spending power even where headcount holds up. The largest single source of arrivals is Miami 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.
Shelby County
What is the Shelby County economy?
- County GDP, 2024$4.07 bn
- County GDP, 2023$3.96 bn
- GDP change, 2023 to 20242.8 percent
- GDP change over five years25.3 percent
- Rank by GDP among the Ohio areas BEA publishes38th of 88
- Rank by GDP among the US county areas BEA publishes794th of 3,127
- GDP per resident$84,857
Output grew 2.8 percent in the latest year and 25.3 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.
Shelby County
Employment by industry in Shelby County
- Covered employment, annual average26,643
- Establishments reporting1,138
- Average annual pay$62,089
- Average weekly wage$1,194
- Manufacturing, employment12,068
- Manufacturing, average annual pay$75,618
- Retail trade, employment1,884
- Retail trade, average annual pay$32,839
- Construction, employment1,609
- Construction, average annual pay$80,255
- Accommodation and food services, employment1,509
- Accommodation and food services, average annual pay$16,623
- Administrative and support and waste management services, employment1,440
- Wholesale trade, employment1,189
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Manufacturing | 12,068 | 126 | $75,618 |
| Retail trade | 1,884 | 127 | $32,839 |
| Construction | 1,609 | 118 | $80,255 |
| Accommodation and food services | 1,509 | 90 | $16,623 |
| Administrative and support and waste management services | 1,440 | 62 | $41,970 |
| Wholesale trade | 1,189 | 66 | $63,971 |
| Other services, except public administration | 576 | 85 | $34,236 |
| Professional, scientific and technical services | 403 | 62 | $91,117 |
Manufacturing is the largest private sector at 12,068 jobs, 45.3 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Shelby County
How many businesses are in Shelby County?
- Establishments, all industries989
- Employment at those establishments24,487
- Annual payroll$1.49 bn
- Establishments per 1,000 residents20.6
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.
Shelby County
Building permits in Shelby County
- Housing units authorized by permit, 2024563
- Declared construction value permitted$74.4 m
- Single family units authorized113
- Multifamily units authorized450
- Multifamily share of units79.9 percent
- Average declared value per unit$132,145
- Units authorized per 1,000 households29.8
Multifamily is 79.9 percent of units authorized, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Shelby County
SBA loans in Shelby County (7(a) and 504)
- 7(a) approvals recorded45
- 7(a) gross approval dollars$19.6 m
- Average 7(a) approval$435,607
- Median 7(a) approval$100,000
- 10th percentile approval$17,600
- 90th percentile approval$1,408,000
- Largest single approval$3,223,000
- Jobs reported supported, 7(a)173
- Jobs per approval3.8
- Distinct 7(a) lenders active16
- Distinct industries receiving approvals28
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer17.8 percent
- Loans on real estate terms8
- Loans on working capital terms, 120 months or shorter35
- Franchise loans5
- Franchise share of approvals11.1 percent
- Leading industry by approval countAll Other Miscellaneous General Purpose Machinery Manufacturing (4)
- Most active lenderU.S. Bank, National Association (17)
- 504 approvals recorded10
- 504 gross approval dollars$7.3 m
- Average 504 approval$725,100
- Median 504 approval$604,500
- Distinct CDCs active3
- 504 jobs per approval6.5
- 504 jobs per million dollars approved9.0
- Most active CDCWest Central Partnership, Inc. (5)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$26.9 m
The average approval of $435,607 sits well above the median of $100,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. Only 17.8 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.
Shelby County
SBA loan default and charge-off rates in Shelby County
Do SBA loans in Shelby County get paid back?
- Loans with a final outcome recorded16
- Paid in full16
- Charged off0
- Status: Cancelled6
- Status: Paid in full16
- Status: Exempt from disclosure22
- Status: Committed, not yet disbursed1
Only 16 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.
Shelby County
SBA lending by place in Shelby County
- Borrower cities with recorded lending10
- Sidney, approvals31
- Anna, approvals4
- Botkins, approvals2
- Fort Loramie, approvals2
- New Knoxville, approvals1
- Piqua, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Sidney | 31 | $17,533,500 |
| Anna | 4 | $215,800 |
| Botkins | 2 | $1,015,000 |
| Fort Loramie | 2 | $76,000 |
| New Knoxville | 1 | $500,000 |
| Piqua | 1 | $100,000 |
| Houston | 1 | $50,000 |
| Jackson Center | 1 | $50,000 |
| 2 other borrower cities | 2 | $62,000 |
Sidney accounts for 31 approvals against 4 in Anna. 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.
Shelby County
How large is Shelby County?
- Land area408 sq mi
- Rank by land area among Ohio counties66th of 88
- Width, east to west22.8 mi
- Height, north to south20.7 mi
- Geographies sharing a boundary6
- Residents per square mile of land117
- Establishments per square mile2.42
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.
Shelby County
Flood risk in Shelby County
- Participation of the county's own NFIP community Shelby County, unincorporated areasParticipating, community 390503
- Communities in the county in the NFIP Community Status Book9
- Of those, participating in the NFIP6
- NFIP participation rate66.7 percent
- Communities carrying a CRS class0
- Radon levels in Shelby County, EPA zone predicted average indoor radon screening level greater than 4 pCi/LZone 1
The county's own community in the status book, unincorporated Shelby County (community 390503), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Shelby County in radon zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. 66.7 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 Shelby 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 Shelby County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202447,929
- Households18,906
- Average household size2.54
- Median household income$73,978
- Median age40.3
Common questions
Shelby County questions, answered from the record.
How many people live in Shelby County, Ohio?
The Census Bureau estimates 47,952 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 47,929, in 18,906 households, ranking 50th of 88 Ohio counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Shelby County's population growing?
The population has fallen 0.58 percent since the 2020 census base of 48,233, to 47,952 on July 1, 2024. In 2024 there were 575 births against 521 deaths, with net migration of 116. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Shelby County?
$73,978. The median owner-occupied home is valued at $208,100, which is 2.8 times income, and median gross rent is $922 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Shelby County?
989 establishments, employing 24,487 people with an annual payroll of $1.49 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 Shelby County?
Manufacturing is the largest private sector at 12,068 jobs, 45.3 percent of covered employment. Covered employment averages 26,643 jobs at an average annual pay of $62,089, or $1,194 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Shelby County?
45 7(a) approvals totaling $19.6 m since FY2020, across 16 lenders, with a median approval of $100,000, plus 10 504 approvals worth $7.3 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Shelby County?
563 housing units were authorized by permit in 2024, with a declared construction value of $74.4 m. Multifamily was 79.9 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Shelby County?
Zone 1, a predicted average indoor radon screening level greater than 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 Shelby County come from?
The largest single origin is Miami County, with 219 households. Arriving households report an average income of $48,237 against $48,718 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Shelby 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 Shelby 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.
Shelby County
Cities and places in Shelby.
10 Census places lie wholly or partly in Shelby County. All 10 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 |
|---|---|---|---|---|
| Sidney | city | 20,501 | 31 | Wholly in this county |
| Anna | village | 1,699 | 4 | Wholly in this county |
| Fort Loramie | village | 1,467 | 2 | Wholly in this county |
| Jackson Center | village | 1,339 | 1 | Wholly in this county |
| Botkins | village | 956 | 2 | Wholly in this county |
| Russia | village | 638 | 1 | Wholly in this county |
| Port Jefferson | village | 306 | None recorded | Wholly in this county |
| Lockington | village | 154 | None recorded | Wholly in this county |
| Kettlersville | village | 121 | None recorded | Wholly in this county |
| Newport | CDP | 96 | None recorded | Wholly in this county |
A further 4 of the county's 45 SBA 7(a) approvals are to borrowers in cities that match no Census place in Shelby County, the largest being New Knoxville (1), Piqua (1), Houston (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.
Nearby