Marshall County, Tennessee: commercial real estate data.
Marshall County, Tennessee had an estimated 37,847 residents on July 1, 2024, up 10.3 percent since the 2020 census base of 34,322, across 375 square miles. County output reached $1.61 bn in 2024, 585 establishments operate here, and the SBA record carries 16 7(a) approvals worth $7.4 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Marshall County
How many people live in Marshall County
- Population, American Community Survey 2020-202436,049
- Households13,622
- Average household size2.65
- Median household income$71,049
- Median age39.5
- Median gross rent$946 per month
- Median owner-occupied home value$279,800
- Home value to household income3.9 times
- Annual rent as a share of median income16.0 percent
- Adults 25 and over with a bachelor degree or higher23.1 percent
- Adults 25 and over with a graduate degree6.4 percent
- Adults 25 and over24,613
- Population under 188,442
- Share under 1823.4 percent
- Population 65 and over6,090
- Share 65 and over16.9 percent
- Working age population, 18 to 6421,517
- Civilian labor force17,721
- Unemployment rate3.9 percent
- Labor force participation, adults 18 and over64.2 percent
- Rank by population among Tennessee counties43rd of 95
- Rank by population among US county-equivalents, Puerto Rico included1315th of 3,222
Marshall County is the 43rd 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 under 18 outnumber those 65 and over, at 23.4 percent against 16.9 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Marshall County
Is Marshall County's population growing?
- Population, July 1, 202437,847
- Census 2020 base population34,322
- Population change since the 2020 census base10.27 percent
- Population change, 2023 to 2024839
- Births, 2024465
- Deaths, 2024388
- Natural change, 202477
- Net domestic migration, 2024762
- Net international migration, 2024-1
- Total net migration, 2024761
- Cumulative net domestic migration, 2021 to 20243,204
- Rank by growth among US county-equivalents140th of 3,144
The county has grown 10.27 percent 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.
Marshall County
Where are people moving to Marshall County from?
- Tax returns filed by households arriving1,304
- People arriving, from those returns2,644
- Tax returns filed by households leaving934
- Net household movement370
- Adjusted gross income arriving$113.1 m
- Net adjusted gross income movement$65.0 m
- Average income of an arriving household$86,705
- Average income of a leaving household$51,418
- Largest single originMaury County (256 households)
- Largest single destinationMaury County (153 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Maury County | 256 | 501 | $14.7 m |
| Williamson County | 195 | 432 | $21.1 m |
| Rutherford County | 111 | 218 | $6.3 m |
| Davidson County | 87 | 151 | $11.7 m |
| Bedford County | 62 | 122 | $2.4 m |
| Giles County | 44 | 77 | $1.9 m |
| Lincoln County | 23 | 40 | $842,000 |
Households arriving report $35,287 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 Maury 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.
Marshall County
What is the Marshall County economy?
- County GDP, 2024$1.61 bn
- County GDP, 2023$1.57 bn
- GDP change, 2023 to 20242.1 percent
- GDP change over five years26.5 percent
- Rank by GDP among the Tennessee areas BEA publishes43rd of 95
- Rank by GDP among the US county areas BEA publishes1453rd of 3,127
- GDP per resident$44,557
Output grew 2.1 percent in the latest year and 26.5 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.
Marshall County
Employment by industry in Marshall County
- Covered employment, annual average9,579
- Establishments reporting754
- Average annual pay$53,723
- Average weekly wage$1,033
- Manufacturing, employment2,903
- Manufacturing, average annual pay$70,010
- Retail trade, employment1,296
- Retail trade, average annual pay$33,090
- Accommodation and food services, employment666
- Accommodation and food services, average annual pay$20,725
- Construction, employment518
- Construction, average annual pay$65,513
- Wholesale trade, employment347
- Administrative and support and waste management services, employment222
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Manufacturing | 2,903 | 53 | $70,010 |
| Retail trade | 1,296 | 119 | $33,090 |
| Accommodation and food services | 666 | 54 | $20,725 |
| Construction | 518 | 78 | $65,513 |
| Wholesale trade | 347 | 52 | $56,117 |
| Administrative and support and waste management services | 222 | 36 | $54,897 |
| Other services, except public administration | 203 | 37 | $45,202 |
| Professional, scientific and technical services | 202 | 66 | $56,820 |
Manufacturing is the largest private sector at 2,903 jobs, 30.3 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Marshall County
How many businesses are in Marshall County?
- Establishments, all industries585
- Employment at those establishments8,367
- Annual payroll$437.0 m
- Establishments per 1,000 residents16.2
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.
Marshall County
Building permits in Marshall County
- Housing units authorized by permit, 2024400
- Declared construction value permitted$101.2 m
- Single family units authorized319
- Multifamily units authorized81
- Multifamily share of units20.3 percent
- Average declared value per unit$253,001
- Units authorized per 1,000 households29.4
Single-family homes are 79.8 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Marshall County
SBA loans in Marshall County (7(a) and 504)
- 7(a) approvals recorded16
- 7(a) gross approval dollars$7.4 m
- Average 7(a) approval$462,650
- Median 7(a) approval$100,000
- Largest single approval$2,160,000
- Jobs reported supported, 7(a)78
- Jobs per approval4.9
- Distinct 7(a) lenders active10
- Distinct industries receiving approvals12
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer37.5 percent
- Loans on real estate terms6
- Loans on working capital terms, 120 months or shorter10
- Franchise loans1
- Franchise share of approvals6.3 percent
- Most active lenderU.S. Bank, National Association (6)
- 504 approvals recorded2
- 504 gross approval dollars$1.5 m
- Average 504 approval$739,500
- Median 504 approval$739,500
- Distinct CDCs active2
- 504 jobs per approval10.0
- 504 jobs per million dollars approved13.5
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$8.9 m
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.
Marshall County
SBA loan default and charge-off rates in Marshall County
Do SBA loans in Marshall County get paid back?
- Loans with a final outcome recorded3
- Paid in full3
- Charged off0
- Status: Paid in full3
- Status: Exempt from disclosure12
- Status: Cancelled1
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.
Marshall County
SBA lending by place in Marshall County
- Borrower cities with recorded lending3
- Lewisburg, approvals8
- Chapel Hill, approvals7
- Belfast, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Lewisburg | 8 | $6,119,500 |
| Chapel Hill | 7 | $1,262,900 |
| Belfast | 1 | $20,000 |
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Marshall County
How large is Marshall County?
- Land area375 sq mi
- Rank by land area among Tennessee counties61st of 95
- Width, east to west20.3 mi
- Height, north to south31.6 mi
- Geographies sharing a boundary6
- Residents per square mile of land96
- Establishments per square mile1.56
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.
Marshall County
Flood risk in Marshall County
- Participation of the county's own NFIP community Marshall County, unincorporated areasParticipating, community 470119
- Communities in the county in the NFIP Community Status Book5
- Of those, participating in the NFIP5
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Marshall 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 Marshall County (community 470119), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Marshall 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. 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 Marshall 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 Marshall County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202436,049
- Households13,622
- Average household size2.65
- Median household income$71,049
- Median age39.5
Common questions
Marshall County questions, answered from the record.
How many people live in Marshall County, Tennessee?
The Census Bureau estimates 37,847 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 36,049, in 13,622 households, ranking 43rd of 95 Tennessee counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Marshall County's population growing?
The population has grown 10.27 percent since the 2020 census base of 34,322, to 37,847 on July 1, 2024. In 2024 there were 465 births against 388 deaths, with net migration of 761. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Marshall County?
$71,049. The median owner-occupied home is valued at $279,800, which is 3.9 times income, and median gross rent is $946 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Marshall County?
585 establishments, employing 8,367 people with an annual payroll of $437.0 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 Marshall County?
Manufacturing is the largest private sector at 2,903 jobs, 30.3 percent of covered employment. Covered employment averages 9,579 jobs at an average annual pay of $53,723, or $1,033 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Marshall County?
16 7(a) approvals totaling $7.4 m since FY2020, across 10 lenders, with a median approval of $100,000, plus 2 504 approvals worth $1.5 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Marshall County?
400 housing units were authorized by permit in 2024, with a declared construction value of $101.2 m. Multifamily was 20.3 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Marshall 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 Marshall County come from?
The largest single origin is Maury County, with 256 households. Arriving households report an average income of $86,705 against $51,418 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Marshall 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 Marshall 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.
Marshall County
Cities and places in Marshall.
4 Census places lie wholly or partly in Marshall 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 |
|---|---|---|---|---|
| Lewisburg | city | 12,861 | 8 | Wholly in this county |
| Cornersville | town | 1,847 | None recorded | Wholly in this county |
| Chapel Hill | town | 1,712 | 7 | Wholly in this county |
| Petersburg | town | 508 | None recorded | 39.5 percent here, 60.5 percent Lincoln County |
A further 1 of the county's 16 SBA 7(a) approvals are to borrowers in cities that match no Census place in Marshall County, the largest being Belfast (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