Fayette County, Tennessee: commercial real estate data.
Fayette County, Tennessee had an estimated 44,476 residents on July 1, 2024, up 6.6 percent since the 2020 census base of 41,714, across 705 square miles. County output reached $2.04 bn in 2024, 690 establishments operate here, and the SBA record carries 17 7(a) approvals worth $13.4 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Fayette County
How many people live in Fayette County
- Population, American Community Survey 2020-202443,267
- Households17,210
- Average household size2.51
- Median household income$88,456
- Median age47.4
- Median gross rent$902 per month
- Median owner-occupied home value$340,800
- Home value to household income3.9 times
- Annual rent as a share of median income12.2 percent
- Adults 25 and over with a bachelor degree or higher27.3 percent
- Adults 25 and over with a graduate degree7.9 percent
- Adults 25 and over32,665
- Population under 187,763
- Share under 1817.9 percent
- Population 65 and over9,938
- Share 65 and over23.0 percent
- Working age population, 18 to 6425,566
- Civilian labor force21,631
- Unemployment rate4.8 percent
- Labor force participation, adults 18 and over60.9 percent
- Rank by population among Tennessee counties37th of 95
- Rank by population among US county-equivalents, Puerto Rico included1143rd of 3,222
Fayette County is the 37th largest of 95 Tennessee counties by population. A median home costs 3.9 times median household income, which is moderately unaffordable by national standards. Residents 65 and over outnumber those under 18, at 23.0 percent against 17.9 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.
Fayette County
Is Fayette County's population growing?
- Population, July 1, 202444,476
- Census 2020 base population41,714
- Population change since the 2020 census base6.62 percent
- Population change, 2023 to 2024394
- Births, 2024433
- Deaths, 2024503
- Natural change, 2024-70
- Net domestic migration, 2024459
- Net international migration, 20243
- Total net migration, 2024462
- Cumulative net domestic migration, 2021 to 20243,104
- Rank by growth among US county-equivalents338th of 3,144
The county has grown 6.62 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.
Fayette County
Where are people moving to Fayette County from?
- Tax returns filed by households arriving1,624
- People arriving, from those returns3,128
- Tax returns filed by households leaving1,293
- Net household movement331
- Adjusted gross income arriving$150.8 m
- Net adjusted gross income movement$54.9 m
- Average income of an arriving household$92,838
- Average income of a leaving household$74,147
- Largest single originShelby County (969 households)
- Largest single destinationShelby County (582 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Shelby County | 969 | 1,873 | $95.5 m |
| DeSoto County | 53 | 96 | $3.5 m |
| Hardeman County | 47 | 105 | $2.6 m |
| Tipton County | 42 | 87 | $2.6 m |
| Madison County | 27 | 53 | $964,000 |
Households arriving report $18,691 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 Shelby 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.
Fayette County
What is the Fayette County economy?
- County GDP, 2024$2.04 bn
- County GDP, 2023$1.93 bn
- GDP change, 2023 to 20246.0 percent
- GDP change over five years58.7 percent
- Rank by GDP among the Tennessee areas BEA publishes34th of 95
- Rank by GDP among the US county areas BEA publishes1258th of 3,127
- GDP per resident$47,244
Output grew 6.0 percent in the latest year and 58.7 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.
Fayette County
Employment by industry in Fayette County
- Covered employment, annual average8,093
- Establishments reporting823
- Average annual pay$57,079
- Average weekly wage$1,098
- Manufacturing, employment1,450
- Manufacturing, average annual pay$67,106
- Retail trade, employment1,003
- Retail trade, average annual pay$34,773
- Construction, employment743
- Construction, average annual pay$78,632
- Accommodation and food services, employment609
- Accommodation and food services, average annual pay$28,217
- Administrative and support and waste management services, employment567
- Wholesale trade, employment488
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Manufacturing | 1,450 | 64 | $67,106 |
| Retail trade | 1,003 | 92 | $34,773 |
| Construction | 743 | 109 | $78,632 |
| Accommodation and food services | 609 | 41 | $28,217 |
| Administrative and support and waste management services | 567 | 56 | $56,089 |
| Wholesale trade | 488 | 46 | $75,998 |
| Finance and insurance | 258 | 48 | $80,094 |
| Other services, except public administration | 224 | 46 | $39,469 |
Manufacturing is the largest private sector at 1,450 jobs, 17.9 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Fayette County
How many businesses are in Fayette County?
- Establishments, all industries690
- Employment at those establishments9,386
- Annual payroll$521.3 m
- Establishments per 1,000 residents15.9
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.
Fayette County
Building permits in Fayette County
- Housing units authorized by permit, 2024225
- Declared construction value permitted$99.6 m
- Single family units authorized225
- Multifamily units authorized0
- Multifamily share of units0.0 percent
- Average declared value per unit$442,685
- Units authorized per 1,000 households13.1
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.
Fayette County
SBA loans in Fayette County (7(a) and 504)
- 7(a) approvals recorded17
- 7(a) gross approval dollars$13.4 m
- Average 7(a) approval$787,024
- Median 7(a) approval$455,000
- Largest single approval$2,900,000
- Jobs reported supported, 7(a)185
- Jobs per approval10.9
- Distinct 7(a) lenders active14
- Distinct industries receiving approvals14
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer41.2 percent
- Loans on real estate terms7
- Loans on working capital terms, 120 months or shorter10
- Franchise loans4
- Franchise share of approvals23.5 percent
- Most active lenderPinnacle Bank (3)
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Fayette County
SBA loan default and charge-off rates in Fayette County
Do SBA loans in Fayette County get paid back?
- Loans with a final outcome recorded2
- Paid in full2
- Charged off0
- Status: Exempt from disclosure12
- Status: Paid in full2
- Status: Cancelled2
- Status: Committed, not yet disbursed1
Only 2 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.
Fayette County
SBA lending by place in Fayette County
- Borrower cities with recorded lending7
- Somerville, approvals5
- Eads, approvals4
- Oakland, approvals3
- Moscow, approvals2
- Collierville, approvals1
- Arlington, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Somerville | 5 | $2,016,000 |
| Eads | 4 | $1,807,200 |
| Oakland | 3 | $3,209,500 |
| Moscow | 2 | $737,700 |
| Collierville | 1 | $2,900,000 |
| Arlington | 1 | $2,630,000 |
| Mason | 1 | $79,000 |
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Fayette County
How large is Fayette County?
- Land area705 sq mi
- Rank by land area among Tennessee counties3rd of 95
- Width, east to west26.1 mi
- Height, north to south28.2 mi
- Geographies sharing a boundary6
- Residents per square mile of land61
- Establishments per square mile0.98
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.
Fayette County
Flood risk in Fayette County
- Participation of the county's own NFIP community Fayette County, unincorporated areasParticipating, community 470352
- Communities in the county in the NFIP Community Status Book9
- Of those, participating in the NFIP9
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Fayette 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 Fayette County (community 470352), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Fayette 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 Fayette 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 Fayette County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202443,267
- Households17,210
- Average household size2.51
- Median household income$88,456
- Median age47.4
Common questions
Fayette County questions, answered from the record.
How many people live in Fayette County, Tennessee?
The Census Bureau estimates 44,476 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 43,267, in 17,210 households, ranking 37th of 95 Tennessee counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Fayette County's population growing?
The population has grown 6.62 percent since the 2020 census base of 41,714, to 44,476 on July 1, 2024. In 2024 there were 433 births against 503 deaths, with net migration of 462. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Fayette County?
$88,456. The median owner-occupied home is valued at $340,800, which is 3.9 times income, and median gross rent is $902 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Fayette County?
690 establishments, employing 9,386 people with an annual payroll of $521.3 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 Fayette County?
Manufacturing is the largest private sector at 1,450 jobs, 17.9 percent of covered employment. Covered employment averages 8,093 jobs at an average annual pay of $57,079, or $1,098 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Fayette County?
17 7(a) approvals totaling $13.4 m since FY2020, across 14 lenders, with a median approval of $455,000. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Fayette County?
225 housing units were authorized by permit in 2024, with a declared construction value of $99.6 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Fayette 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 Fayette County come from?
The largest single origin is Shelby County, with 969 households. Arriving households report an average income of $92,838 against $74,147 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Fayette 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 Fayette 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.
Fayette County
Cities and places in Fayette.
10 Census places lie wholly or partly in Fayette 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 |
|---|---|---|---|---|
| Oakland | town | 9,979 | 3 | Wholly in this county |
| Somerville | town | 3,466 | 5 | Wholly in this county |
| Piperton | city | 2,569 | None recorded | Wholly in this county |
| Rossville | town | 1,142 | None recorded | Wholly in this county |
| Moscow | city | 768 | 2 | Wholly in this county |
| Gallaway | city | 609 | None recorded | Wholly in this county |
| Williston | city | 480 | None recorded | Wholly in this county |
| Grand Junction | city | 435 | None recorded | 11.4 percent here, 88.6 percent Hardeman County |
| Braden | town | 308 | None recorded | Wholly in this county |
| La Grange | town | 62 | None recorded | Wholly in this county |
A further 7 of the county's 17 SBA 7(a) approvals are to borrowers in cities that match no Census place in Fayette County, the largest being Eads (4), Collierville (1), Arlington (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.