Craig County, Virginia: commercial real estate data.
Craig County, Virginia had an estimated 4,829 residents on July 1, 2024, down 1.4 percent since the 2020 census base of 4,896, across 330 square miles. County output reached $152.0 m in 2024, 64 establishments operate here, and the SBA record carries 3 7(a) approvals worth $2.4 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Craig County
How many people live in Craig County
- Population, American Community Survey 2020-20244,856
- Households1,735
- Average household size2.80
- Median household income$69,057
- Median age46.3
- Median gross rent$713 per month
- Median owner-occupied home value$189,000
- Home value to household income2.7 times
- Annual rent as a share of median income12.4 percent
- Adults 25 and over with a bachelor degree or higher19.1 percent
- Adults 25 and over with a graduate degree7.8 percent
- Adults 25 and over3,462
- Population under 181,122
- Share under 1823.1 percent
- Population 65 and over915
- Share 65 and over18.8 percent
- Working age population, 18 to 642,819
- Civilian labor force2,027
- Unemployment rate2.2 percent
- Labor force participation, adults 18 and over54.3 percent
- Rank by population among Virginia counties130th of 133
- Rank by population among US county-equivalents, Puerto Rico included2910th of 3,222
Craig County is the 130th largest of 133 Virginia counties by population. A median home costs 2.7 times median household income, which is affordable by national standards. Residents under 18 outnumber those 65 and over, at 23.1 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.
Craig County
Is Craig County's population growing?
- Population, July 1, 20244,829
- Census 2020 base population4,896
- Population change since the 2020 census base-1.37 percent
- Population change, 2023 to 20242
- Births, 202436
- Deaths, 202479
- Natural change, 2024-43
- Net domestic migration, 202445
- Net international migration, 20240
- Total net migration, 202445
- Cumulative net domestic migration, 2021 to 202484
- Rank by growth among US county-equivalents2319th of 3,144
The county has lost 1.37 percent of its population 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.
Craig County
Where are people moving to Craig County from?
- Tax returns filed by households arriving74
- People arriving, from those returns126
- Tax returns filed by households leaving78
- Net household movement-4
- Adjusted gross income arriving$3.5 m
- Net adjusted gross income movement$-838,000
- Average income of an arriving household$46,946
- Average income of a leaving household$55,282
| Origin | Households | People | Adjusted gross income |
|---|
Households arriving report $8,336 less average income than households leaving, which drains spending power even where headcount holds up.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Craig County
What is the Craig County economy?
- County GDP, 2024$152.0 m
- County GDP, 2023$142.8 m
- GDP change, 2023 to 20246.4 percent
- GDP change over five years41.7 percent
- Rank by GDP among the Virginia areas BEA publishes104th of 105
- Rank by GDP among the US county areas BEA publishes2976th of 3,127
- GDP per resident$31,298
Output grew 6.4 percent in the latest year and 41.7 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.
Craig County
Employment by industry in Craig County
- Covered employment, annual average760
- Establishments reporting146
- Average annual pay$52,718
- Average weekly wage$1,014
- Retail trade, employment112
- Retail trade, average annual pay$22,800
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Retail trade | 112 | 8 | $22,800 |
Retail trade is the largest private sector at 112 jobs, 14.7 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Craig County
How many businesses are in Craig County?
- Establishments, all industries64
- Employment at those establishments425
- Annual payroll$14.7 m
- Establishments per 1,000 residents13.2
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.
Craig County
Building permits in Craig County
- Housing units authorized by permit, 202429
- Declared construction value permitted$9.0 m
- Single family units authorized29
- Multifamily units authorized0
- Multifamily share of units0.0 percent
- Average declared value per unit$310,998
- Units authorized per 1,000 households16.7
Single-family homes are 100.0 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Craig County
SBA loans in Craig County (7(a) and 504)
- 7(a) approvals recorded3
- 7(a) gross approval dollars$2.4 m
- Average 7(a) approval$796,833
- Median 7(a) approval$773,500
- Largest single approval$1,317,000
- Jobs reported supported, 7(a)27
- Jobs per approval9.0
- Distinct 7(a) lenders active3
- Distinct industries receiving approvals3
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer0.0 percent
- Loans on real estate terms0
- Loans on working capital terms, 120 months or shorter2
- 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.
Craig County
SBA loan default and charge-off rates in Craig County
Do SBA loans in Craig County get paid back?
- Loans with a final outcome recorded0
- Paid in full0
- Charged off0
- Status: Exempt from disclosure3
Only 0 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.
Craig County
How large is Craig County?
- Land area330 sq mi
- Rank by land area among Virginia counties61st of 133
- Width, east to west27.8 mi
- Height, north to south23 mi
- Geographies sharing a boundary6
- Residents per square mile of land15
- Establishments per square mile0.19
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.
Craig County
Flood risk in Craig County
- Participation of the county's own NFIP community Craig County, unincorporated areasParticipating, community 510313
- 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 Craig 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 Craig County (community 510313), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Craig 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 Craig 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 Craig County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-20244,856
- Households1,735
- Average household size2.80
- Median household income$69,057
- Median age46.3
Common questions
Craig County questions, answered from the record.
How many people live in Craig County, Virginia?
The Census Bureau estimates 4,829 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 4,856, in 1,735 households, ranking 130th of 133 Virginia counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Craig County's population growing?
The population has fallen 1.37 percent since the 2020 census base of 4,896, to 4,829 on July 1, 2024. In 2024 there were 36 births against 79 deaths, with net migration of 45. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Craig County?
$69,057. The median owner-occupied home is valued at $189,000, which is 2.7 times income, and median gross rent is $713 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Craig County?
64 establishments, employing 425 people with an annual payroll of $14.7 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 Craig County?
Retail trade is the largest private sector at 112 jobs, 14.7 percent of covered employment. Covered employment averages 760 jobs at an average annual pay of $52,718, or $1,014 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Craig County?
3 7(a) approvals totaling $2.4 m since FY2020, across 3 lenders, with a median approval of $773,500. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Craig County?
29 housing units were authorized by permit in 2024, with a declared construction value of $9.0 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Craig 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.
Are traffic counts available for Craig 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 Craig 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.
Craig County
Cities and places in Craig.
1 Census place lies wholly or partly in Craig 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 |
|---|---|---|---|---|
| New Castle | town | 138 | 3 | Wholly in this county |