Morgan County, Tennessee: commercial real estate data.
Morgan County, Tennessee had an estimated 21,954 residents on July 1, 2024, up 4.4 percent since the 2020 census base of 21,036, across 522 square miles. County output reached $461.2 m in 2024, 163 establishments operate here, and the SBA record carries 5 7(a) approvals worth $2.4 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Morgan County
How many people live in Morgan County
- Population, American Community Survey 2020-202421,361
- Households7,188
- Average household size2.97
- Median household income$65,954
- Median age42.3
- Median gross rent$770 per month
- Median owner-occupied home value$166,300
- Home value to household income2.5 times
- Annual rent as a share of median income14.0 percent
- Adults 25 and over with a bachelor degree or higher13.6 percent
- Adults 25 and over with a graduate degree5.1 percent
- Adults 25 and over15,701
- Population under 184,031
- Share under 1818.9 percent
- Population 65 and over4,018
- Share 65 and over18.8 percent
- Working age population, 18 to 6413,312
- Civilian labor force8,280
- Unemployment rate5.1 percent
- Labor force participation, adults 18 and over47.8 percent
- Rank by population among Tennessee counties64th of 95
- Rank by population among US county-equivalents, Puerto Rico included1801st of 3,222
Morgan County is the 64th largest of 95 Tennessee counties by population. A median home costs 2.5 times median household income, which is affordable by national standards. Residents under 18 outnumber those 65 and over, at 18.9 percent against 18.8 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Morgan County
Is Morgan County's population growing?
- Population, July 1, 202421,954
- Census 2020 base population21,036
- Population change since the 2020 census base4.36 percent
- Population change, 2023 to 2024451
- Births, 2024164
- Deaths, 2024335
- Natural change, 2024-171
- Net domestic migration, 2024623
- Net international migration, 20241
- Total net migration, 2024624
- Cumulative net domestic migration, 2021 to 20241,519
- Rank by growth among US county-equivalents633rd of 3,144
The county has grown 4.36 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.
Morgan County
Where are people moving to Morgan County from?
- Tax returns filed by households arriving605
- People arriving, from those returns1,262
- Tax returns filed by households leaving469
- Net household movement136
- Adjusted gross income arriving$32.0 m
- Net adjusted gross income movement$13.1 m
- Average income of an arriving household$52,894
- Average income of a leaving household$40,241
- Largest single originRoane County (103 households)
- Largest single destinationRoane County (114 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Roane County | 103 | 246 | $5.2 m |
| Anderson County | 69 | 151 | $3.6 m |
| Knox County | 66 | 121 | $3.0 m |
| Cumberland County | 20 | 46 | $875,000 |
Households arriving report $12,653 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 Roane 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.
Morgan County
What is the Morgan County economy?
- County GDP, 2024$461.2 m
- County GDP, 2023$430.8 m
- GDP change, 2023 to 20247.0 percent
- GDP change over five years43.2 percent
- Rank by GDP among the Tennessee areas BEA publishes81st of 95
- Rank by GDP among the US county areas BEA publishes2457th of 3,127
- GDP per resident$21,589
Output grew 7.0 percent in the latest year and 43.2 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.
Morgan County
Employment by industry in Morgan County
- Covered employment, annual average3,618
- Establishments reporting245
- Average annual pay$44,908
- Average weekly wage$864
- Health care and social assistance, employment702
- Health care and social assistance, average annual pay$32,104
- Manufacturing, employment273
- Manufacturing, average annual pay$55,876
- Retail trade, employment218
- Retail trade, average annual pay$24,857
- Administrative and support and waste management services, employment192
- Administrative and support and waste management services, average annual pay$44,373
- Accommodation and food services, employment156
- Other services, except public administration, employment40
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Health care and social assistance | 702 | 36 | $32,104 |
| Manufacturing | 273 | 17 | $55,876 |
| Retail trade | 218 | 35 | $24,857 |
| Administrative and support and waste management services | 192 | 7 | $44,373 |
| Accommodation and food services | 156 | 14 | $26,470 |
| Other services, except public administration | 40 | 14 | $47,475 |
| Finance and insurance | 31 | 10 | $47,821 |
| Arts, entertainment and recreation | 27 | 3 | $19,970 |
Health care and social assistance is the largest private sector at 702 jobs, 19.4 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Morgan County
How many businesses are in Morgan County?
- Establishments, all industries163
- Employment at those establishments1,591
- Annual payroll$65.1 m
- Establishments per 1,000 residents7.6
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.
Morgan County
Building permits in Morgan County
- Housing units authorized by permit, 20240
- Declared construction value permitted$0
- Single family units authorized0
- Multifamily units authorized0
No residential units were authorized by permit in 2024. In a small county this is common and is not by itself a sign of distress, but it does mean there is no recent residential pipeline to read demand from.
US Census Bureau, Building Permits Survey, 2024 annual.
Morgan County
SBA loans in Morgan County (7(a) and 504)
- 7(a) approvals recorded5
- 7(a) gross approval dollars$2.4 m
- Average 7(a) approval$489,560
- Median 7(a) approval$300,000
- Largest single approval$1,415,000
- Jobs reported supported, 7(a)31
- Jobs per approval6.2
- Distinct 7(a) lenders active3
- Distinct industries receiving approvals3
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer20.0 percent
- Loans on real estate terms1
- Loans on working capital terms, 120 months or shorter3
- Franchise loans0
- Franchise share of approvals0.0 percent
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Morgan County
SBA loan default and charge-off rates in Morgan County
Do SBA loans in Morgan County get paid back?
- Loans with a final outcome recorded2
- Paid in full2
- Charged off0
- Status: Paid in full2
- Status: Exempt from disclosure1
- Status: Cancelled2
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.
Morgan County
SBA lending by place in Morgan County
- Borrower cities with recorded lending3
- Deer Lodge, approvals2
- Oakdale, approvals2
- Petros, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Deer Lodge | 2 | $582,800 |
| Oakdale | 2 | $450,000 |
| Petros | 1 | $1,415,000 |
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Morgan County
How large is Morgan County?
- Land area522 sq mi
- Rank by land area among Tennessee counties33rd of 95
- Width, east to west31.6 mi
- Height, north to south31.9 mi
- Geographies sharing a boundary5
- Residents per square mile of land41
- Establishments per square mile0.31
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.
Morgan County
Flood risk in Morgan County
- Participation of the county's own NFIP community Morgan County, unincorporated areasParticipating, community 470139
- Communities in the county in the NFIP Community Status Book4
- Of those, participating in the NFIP4
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Morgan 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 Morgan County (community 470139), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Morgan 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 Morgan 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 Morgan County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202421,361
- Households7,188
- Average household size2.97
- Median household income$65,954
- Median age42.3
Common questions
Morgan County questions, answered from the record.
How many people live in Morgan County, Tennessee?
The Census Bureau estimates 21,954 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 21,361, in 7,188 households, ranking 64th of 95 Tennessee counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Morgan County's population growing?
The population has grown 4.36 percent since the 2020 census base of 21,036, to 21,954 on July 1, 2024. In 2024 there were 164 births against 335 deaths, with net migration of 624. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Morgan County?
$65,954. The median owner-occupied home is valued at $166,300, which is 2.5 times income, and median gross rent is $770 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Morgan County?
163 establishments, employing 1,591 people with an annual payroll of $65.1 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 Morgan County?
Health care and social assistance is the largest private sector at 702 jobs, 19.4 percent of covered employment. Covered employment averages 3,618 jobs at an average annual pay of $44,908, or $864 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Morgan County?
5 7(a) approvals totaling $2.4 m since FY2020, across 3 lenders, with a median approval of $300,000. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Morgan County?
No residential units were authorized by permit in 2024. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Morgan 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 Morgan County come from?
The largest single origin is Roane County, with 103 households. Arriving households report an average income of $52,894 against $40,241 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Morgan 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 Morgan 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.
Morgan County
Cities and places in Morgan.
6 Census places lie wholly or partly in Morgan County. All 6 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 |
|---|---|---|---|---|
| Oliver Springs | town | 3,281 | None recorded | 3.0 percent here, 78.3 percent Anderson County, 18.7 percent Roane County |
| Coalfield | CDP | 2,754 | None recorded | Wholly in this county |
| Wartburg | city | 1,191 | None recorded | Wholly in this county |
| Sunbright | city | 792 | None recorded | Wholly in this county |
| Petros | CDP | 352 | 1 | Wholly in this county |
| Oakdale | town | 175 | 2 | Wholly in this county |
A further 2 of the county's 5 SBA 7(a) approvals are to borrowers in cities that match no Census place in Morgan County, the largest being Deer Lodge (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.
Nearby