Fayette County, Tennessee: commercial real estate data.
Fayette County, Tennessee has a population of 43,267 across 705 square miles, up 6.6 percent since the 2020 census base. 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.
111 sourced county values · tier FULL · 11 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Fayette County
How many people live in Fayette County
- Population43,267
- 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-equivalents1143rd
Fayette County is the 37th largest of 95 Tennessee counties by population. A median home costs 3.9 times median household income, which is an affordable ownership market 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 storey 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 change since the 2020 census base6.62 percent
- Census 2020 base population41,714
- 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
The county has grown 6.62 percent since the 2020 census base. Deaths exceeded births in 2024, so all of the growth came from people moving in. A market held up by migration alone 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
- Adjusted gross income arriving$150.8 m
- Net adjusted gross income movement$0
- Average income of an arriving household$92,838
- Largest single originFayette County Non-migrants (16,754 households)
- Largest single destination (16,754 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Fayette County Non-migrants | 16,754 | 33,457 | $1.69 bn |
| Shelby County | 969 | 1,873 | $95.5 m |
| Other flows - Different State | 386 | 724 | $35.1 m |
| Other flows - South | 242 | 436 | $19.0 m |
| Other flows - Same State | 100 | 190 | $10.4 m |
| Other flows - West | 86 | 161 | $8.2 m |
| Other flows - Midwest | 58 | 127 | $7.9 m |
| DeSoto County | 53 | 96 | $3.5 m |
The largest single source of arrivals is Fayette County Non-migrants, 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 Tennessee counties34th
- Rank by GDP among US county-equivalents1258th
- 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
Largest employers in Fayette County
- Covered employment, annual average8,093
- Establishments reporting823
- Average annual pay$57,079
- Average weekly wage$1,098
- Sector 31-33, employment1,450
- Sector 31-33, average annual pay$67,106
- Sector 44-45, employment1,003
- Sector 44-45, average annual pay$34,773
- Sector 23, employment743
- Sector 23, average annual pay$78,632
- Sector 72, employment609
- Sector 72, average annual pay$28,217
- Sector 56, employment567
- Sector 42, employment488
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 31-33 | 1,450 | 64 | $67,106 |
| Sector 44-45 | 1,003 | 92 | $34,773 |
| Sector 23 | 743 | 109 | $78,632 |
| Sector 72 | 609 | 41 | $28,217 |
| Sector 56 | 567 | 56 | $56,089 |
| Sector 42 | 488 | 46 | $75,998 |
| Sector 52 | 258 | 48 | $80,094 |
| Sector 81 | 224 | 46 | $39,469 |
The largest sector is the biggest private employer group at 1,450 jobs, 17.9 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
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.
US Census Bureau, County Business Patterns, 2023.
Fayette County
Building permits in Fayette County
- Housing units authorised by permit, 2024225
- Declared construction value permitted$99.6 m
- Single family units authorised225
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$442,685
- Units authorised per 1,000 households13.1
Multifamily is 0.0 percent of units authorised, so the pipeline is predominantly for sale product.
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
- 10th percentile approval$79,000
- 90th percentile approval$2,630,000
- 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
- Leading industry by approval countGasoline Stations with Convenience Stores (2)
- Most active lenderPinnacle Bank (3)
The average approval of $787,024 sits well above the median of $455,000, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually gets. 41.2 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.
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
Too few loans have reached a final outcome to publish a charge off rate. only 2 resolved loans, too few to publish a rate. A rate computed on a handful of loans is noise, so none is shown.
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
- Places in the county with recorded lending7
- SOMERVILLE, approvals5
- EADS, approvals4
- Oakland, approvals3
- MOSCOW, approvals2
- ARLINGTON, approvals1
- MASON, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| SOMERVILLE | 5 | $2,016,000 |
| EADS | 4 | $1,807,200 |
| Oakland | 3 | $3,209,500 |
| MOSCOW | 2 | $737,700 |
| ARLINGTON | 1 | $2,630,000 |
| MASON | 1 | $79,000 |
| COLLIERVILLE | 1 | $2,900,000 |
SOMERVILLE accounts for 5 approvals against 4 in EADS. 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.
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 boundary4
- 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.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- No 504 approvals recorded in this county in the FOIA release covering FY2010 onward.
- No NFIP communities are listed for this county in the FEMA Community Status Book.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
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.
- Population43,267
- 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?
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. 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 the average wage in Fayette County?
Average annual pay is $57,079, or $1,098 a week, across 8,093 covered jobs. 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 totalling $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 authorised 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 Fayette County Non-migrants, with 16,754 households. Arriving households report an average income of $92,838 against null 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.
Fayette County
Cities and places in Fayette.
10 Census places lie wholly or partly in Fayette County. 10 carry enough published place level data for a page of their own and are linked. The rest are named here and not linked, because the American Community Survey and the SBA record between them do not carry enough about them to write an honest page. A place existing is itself worth knowing, so nothing in the county is left out.
| Place | Type | Population | SBA approvals | Lies in |
|---|---|---|---|---|
| Oakland | town | 9,979 | 3 | Wholly in this county |
| Somerville | town | 3,466 | 5 | Wholly in this county |
| Piperton | city | 2,569 | 2 | 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 | 1 | 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 5 SBA approvals in Fayette County are recorded against borrower cities that match no Census place, the largest being Eads. Those are postal cities and unincorporated areas rather than incorporated places, so no page claims them, and their lending is counted in this county's totals above rather than under any city.