HomeVirginiaBedford CountyBedford town
Bedford town, Virginia: commercial real estate data.
Bedford town is a Census town of 7,724 people across 11.09 square miles of land, in Bedford County. Median household income is $70,288, 69.2 percent of occupied homes are owned, and the SBA record carries 5 7(a) approvals to borrowers here worth $1.2 m.
76 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Bedford
What Bedford is
- Census place typetown
- Land area11.09 sq mi
- Water area0.03 sq mi
- Population per square mile of land696
- County holding the largest share of its areaBedford County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Bedford
How many people live in Bedford
- Population7,724
- Median age44.6
- Population under 181,621 plus or minus 393
- Share under 1821.0 percent plus or minus 5.1
- Population 65 and over1,647
- Share 65 and over21.3 percent
- Households3,065
- Family households1,934
- Share of households that are families63.1 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Bedford
Income and work in Bedford
- Median household income$70,288
- Per capita income$32,315
- Civilian labor force3,603
- Employed3,420
- Unemployed183 plus or minus 119
- Unemployment rate5.1 percent plus or minus 3.2
- Adults 25 and over5,550
- Adults 25 and over with a high school diploma or higher90.6 percent
- Adults 25 and over with a bachelor degree or higher27.9 percent
- Adults 25 and over with a graduate degree7.6 percent plus or minus 2.8
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Bedford
Housing in Bedford
- Housing units3,379
- Occupied units3,065
- Vacant units314 plus or minus 166
- Vacancy rate9.3 percent plus or minus 4.8
- Owner occupied2,122
- Renter occupied943 plus or minus 243
- Ownership rate69.2 percent
- Median owner-occupied home value$222,500
- Median gross rent, monthly$828
- Annual rent as a share of median income14.1 percent plus or minus 2.8
- Single family units2,657
- Share single family78.6 percent
- Units in buildings of two or more586 plus or minus 198
- Share in buildings of two or more17.3 percent plus or minus 5.5
- Mobile homes136 plus or minus 86
- Median year structure built1973
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Bedford
How Bedford gets to work
- Workers 16 and over who commute3,146
- Commuting under 15 minutes1,549 plus or minus 331
- Share commuting under 15 minutes49.2 percent
- Commuting 30 minutes or more1,028 plus or minus 274
- Share commuting 30 minutes or more32.7 percent plus or minus 7.8
- Drove alone76.1 percent
- Carpooled10.9 percent plus or minus 7.0
- Public transport0.0 percent
- Walked0.7 percent plus or minus 0.8
- Worked from home7.7 percent plus or minus 3.8
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Bedford
SBA loans in Bedford (7(a))
- Approvals5
- Gross approval$1,152,400
- Average approval$230,480
- Median approval$300,000
- Ninetieth percentile approval$500,000
- Largest approval$500,000
- Jobs supported59
- Jobs per approval11.8
- Loans with a final outcome2
- Paid in full2
- Charged off0
- Median term60 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders3
- Distinct industries by NAICS4
A charge-off rate is not published here. only 2 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Bedford
SBA loans in Bedford (504)
- Approvals1
- Gross approval$460,000
- Average approval$460,000
- Median approval$460,000
- Largest approval$460,000
- Jobs supported10
- Loans with a final outcome0
- Charged off0
- Median term240 months
- Distinct CDCs1
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Bedford County, not Bedford
Bedford County context, not Bedford figures
These are Bedford County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Bedford measurements.
- Establishments in Bedford County1,818
- Employment at those establishments, Bedford County16,604
- Covered employment, Bedford County18,602
- Average annual pay, Bedford County$48,340
- Average weekly wage, Bedford County$930
- Housing units permitted, Bedford County294
- Of those, single family, Bedford County266
- County product, 2024, Bedford County$2,745,970,000
- County product change over the prior year, Bedford County4.5 percent
- Average income of an arriving household, Bedford County$76,332
Every figure in this section is published for Bedford County as a whole and is not a measurement of Bedford. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
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.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Bedford questions, answered from the record.
How many people live in Bedford, Virginia?
7,724, in 3,065 households. Bedford town covers 11.09 square miles of land, which is 696 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Bedford in?
Bedford County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Bedford?
$70,288. The median owner-occupied home is valued at $222,500. Median gross rent is $828 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Bedford businesses?
5 7(a) approvals totalling $1.2 m, across 3 lenders, median approval $300,000, plus 1 504 approvals worth $460,000. These count approvals to borrowers whose address is in Bedford, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Bedford borrowers get paid back?
No rate is published for Bedford. only 2 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Bedford figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Bedford County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Bedford.
Is zoning published for Bedford?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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