HomeTennesseeMontgomery County
Montgomery County, Tennessee: commercial real estate data.
Montgomery County, Tennessee had an estimated 246,025 residents on July 1, 2024, up 11.8 percent since the 2020 census base of 220,012, across 539 square miles. County output reached $9.43 bn in 2024, 3,428 establishments operate here, and the SBA record carries 169 7(a) approvals worth $69.8 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Montgomery County
How many people live in Montgomery County
- Population, American Community Survey 2020-2024234,153
- Households87,759
- Average household size2.67
- Median household income$75,613
- Median age31.9
- Median gross rent$1,308 per month
- Median owner-occupied home value$280,200
- Home value to household income3.7 times
- Annual rent as a share of median income20.8 percent
- Adults 25 and over with a bachelor degree or higher31.1 percent
- Adults 25 and over with a graduate degree11.9 percent
- Adults 25 and over147,099
- Population under 1862,685
- Share under 1826.8 percent
- Population 65 and over23,428
- Share 65 and over10.0 percent
- Working age population, 18 to 64148,040
- Civilian labor force106,962
- Unemployment rate5.1 percent
- Labor force participation, adults 18 and over62.4 percent
- Rank by population among Tennessee counties7th of 95
- Rank by population among US county-equivalents, Puerto Rico included303rd of 3,222
Montgomery County is the 7th largest of 95 Tennessee counties by population. A median home costs 3.7 times median household income, which is moderately unaffordable by national standards. Residents under 18 outnumber those 65 and over, at 26.8 percent against 10.0 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Montgomery County
Is Montgomery County's population growing?
- Population, July 1, 2024246,025
- Census 2020 base population220,012
- Population change since the 2020 census base11.82 percent
- Population change, 2023 to 20245,627
- Births, 20243,841
- Deaths, 20241,715
- Natural change, 20242,126
- Net domestic migration, 20242,823
- Net international migration, 2024644
- Total net migration, 20243,467
- Cumulative net domestic migration, 2021 to 202415,319
- Rank by growth among US county-equivalents113th of 3,144
The county has grown 11.82 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.
Montgomery County
Where are people moving to Montgomery County from?
- Tax returns filed by households arriving12,419
- People arriving, from those returns25,224
- Tax returns filed by households leaving10,249
- Net household movement2,170
- Adjusted gross income arriving$666.4 m
- Net adjusted gross income movement$104.1 m
- Average income of an arriving household$53,657
- Average income of a leaving household$54,865
- Largest single originDavidson County (1,185 households)
- Largest single destinationChristian County (701 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Davidson County | 1,185 | 2,221 | $56.8 m |
| Christian County | 953 | 1,826 | $37.8 m |
| Rutherford County | 287 | 545 | $16.0 m |
| Foreign - APO/FPO ZIPs | 244 | 617 | $15.2 m |
| Robertson County | 226 | 458 | $12.0 m |
| Sumner County | 206 | 391 | $9.7 m |
| Cheatham County | 187 | 356 | $9.5 m |
| Cumberland County | 158 | 353 | $8.9 m |
Households arriving report $1,208 less average income than households leaving, which drains spending power even where headcount holds up. The largest single source of arrivals is Davidson 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.
Montgomery County
What is the Montgomery County economy?
- County GDP, 2024$9.43 bn
- County GDP, 2023$8.81 bn
- GDP change, 2023 to 20247.0 percent
- GDP change over five years47.4 percent
- Rank by GDP among the Tennessee areas BEA publishes10th of 95
- Rank by GDP among the US county areas BEA publishes462nd of 3,127
- GDP per resident$40,285
Output grew 7.0 percent in the latest year and 47.4 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.
Montgomery County
Employment by industry in Montgomery County
- Covered employment, annual average64,469
- Establishments reporting4,831
- Average annual pay$52,099
- Average weekly wage$1,002
- Retail trade, employment9,592
- Retail trade, average annual pay$38,138
- Accommodation and food services, employment8,723
- Accommodation and food services, average annual pay$22,209
- Health care and social assistance, employment8,165
- Health care and social assistance, average annual pay$52,121
- Manufacturing, employment6,759
- Manufacturing, average annual pay$67,129
- Construction, employment2,915
- Administrative and support and waste management services, employment2,802
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Retail trade | 9,592 | 629 | $38,138 |
| Accommodation and food services | 8,723 | 476 | $22,209 |
| Health care and social assistance | 8,165 | 631 | $52,121 |
| Manufacturing | 6,759 | 130 | $67,129 |
| Construction | 2,915 | 431 | $74,623 |
| Administrative and support and waste management services | 2,802 | 274 | $45,169 |
| Professional, scientific and technical services | 1,877 | 622 | $73,432 |
| Other services, except public administration | 1,503 | 331 | $44,026 |
Retail trade is the largest private sector at 9,592 jobs, 14.9 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Montgomery County
How many businesses are in Montgomery County?
- Establishments, all industries3,428
- Employment at those establishments53,777
- Annual payroll$2.40 bn
- Establishments per 1,000 residents14.6
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.
Montgomery County
Building permits in Montgomery County
- Housing units authorized by permit, 20242,583
- Declared construction value permitted$501.9 m
- Single family units authorized1,842
- Multifamily units authorized741
- Multifamily share of units28.7 percent
- Average declared value per unit$194,324
- Units authorized per 1,000 households29.4
Single-family homes are 71.3 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Montgomery County
SBA loans in Montgomery County (7(a) and 504)
- 7(a) approvals recorded169
- 7(a) gross approval dollars$69.8 m
- Average 7(a) approval$412,883
- Median 7(a) approval$150,000
- 10th percentile approval$20,000
- 90th percentile approval$1,302,640
- Largest single approval$3,450,000
- Jobs reported supported, 7(a)1,792
- Jobs per approval10.6
- Distinct 7(a) lenders active45
- Distinct industries receiving approvals75
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer14.2 percent
- Loans on real estate terms24
- Loans on working capital terms, 120 months or shorter133
- Franchise loans38
- Franchise share of approvals22.5 percent
- Leading industry by approval countLimited-Service Restaurants (17)
- Most active lenderU.S. Bank, National Association (61)
- 504 approvals recorded23
- 504 gross approval dollars$22.2 m
- Average 504 approval$965,261
- Median 504 approval$589,000
- Distinct CDCs active3
- 504 jobs per approval12.5
- 504 jobs per million dollars approved12.9
- Most active CDCMid-Cumberland Area Development Corporation (12)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$92.0 m
The average approval of $412,883 sits well above the median of $150,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. Only 14.2 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.
Montgomery County
SBA loan default and charge-off rates in Montgomery County
Do SBA loans in Montgomery County get paid back?
- Loans with a final outcome recorded28
- Paid in full26
- Charged off2
- Status: Exempt from disclosure106
- Status: Paid in full26
- Status: Cancelled20
- Status: Charged off2
- Status: Committed, not yet disbursed15
Only 28 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.
Montgomery County
SBA lending by place in Montgomery County
- Borrower cities with recorded lending6
- Clarksville, approvals160
- Adams, approvals3
- Woodlawn, approvals2
- Cunningham, approvals2
- Fort Campbell, approvals1
- Palmyra, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Clarksville | 160 | $68,330,100 |
| Adams | 3 | $316,000 |
| Woodlawn | 2 | $600,000 |
| Cunningham | 2 | $215,000 |
| Fort Campbell | 1 | $286,100 |
| Palmyra | 1 | $30,000 |
Clarksville accounts for 160 approvals against 3 in Adams. 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.
Montgomery County
How large is Montgomery County?
- Land area539 sq mi
- Rank by land area among Tennessee counties28th of 95
- Width, east to west29.2 mi
- Height, north to south22.1 mi
- Geographies sharing a boundary7
- Residents per square mile of land434
- Establishments per square mile6.36
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.
Montgomery County
Flood risk in Montgomery County
- Participation of the county's own NFIP community Montgomery County, unincorporated areasParticipating, community 470136
- Communities in the county in the NFIP Community Status Book2
- Of those, participating in the NFIP2
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Montgomery 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 Montgomery County (community 470136), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Montgomery 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 Montgomery 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 Montgomery County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-2024234,153
- Households87,759
- Average household size2.67
- Median household income$75,613
- Median age31.9
Common questions
Montgomery County questions, answered from the record.
How many people live in Montgomery County, Tennessee?
The Census Bureau estimates 246,025 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 234,153, in 87,759 households, ranking 7th of 95 Tennessee counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Montgomery County's population growing?
The population has grown 11.82 percent since the 2020 census base of 220,012, to 246,025 on July 1, 2024. In 2024 there were 3,841 births against 1,715 deaths, with net migration of 3,467. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Montgomery County?
$75,613. The median owner-occupied home is valued at $280,200, which is 3.7 times income, and median gross rent is $1,308 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Montgomery County?
3,428 establishments, employing 53,777 people with an annual payroll of $2.40 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 Montgomery County?
Retail trade is the largest private sector at 9,592 jobs, 14.9 percent of covered employment. Covered employment averages 64,469 jobs at an average annual pay of $52,099, or $1,002 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Montgomery County?
169 7(a) approvals totaling $69.8 m since FY2020, across 45 lenders, with a median approval of $150,000, plus 23 504 approvals worth $22.2 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Montgomery County?
2,583 housing units were authorized by permit in 2024, with a declared construction value of $501.9 m. Multifamily was 28.7 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Montgomery 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 Montgomery County come from?
The largest single origin is Davidson County, with 1,185 households. Arriving households report an average income of $53,657 against $54,865 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Montgomery 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 Montgomery 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.
Montgomery County
Cities and places in Montgomery.
1 Census place lies wholly or partly in Montgomery County. It carries enough published place level data for a page of its own and is linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Clarksville | city | 176,456 | 160 | Wholly in this county |
A further 9 of the county's 169 SBA 7(a) approvals are to borrowers in cities that match no Census place in Montgomery County, the largest being Adams (3), Woodlawn (2), Cunningham (2). 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.