Frederick County, Virginia: commercial real estate data.
Frederick County, Virginia had an estimated 98,109 residents on July 1, 2024, up 7.3 percent since the 2020 census base of 91,451, across 413 square miles. 1,695 establishments operate here, and the SBA record carries 63 7(a) approvals worth $44.2 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Frederick County
How many people live in Frederick County
- Population, American Community Survey 2020-202495,008
- Households35,385
- Average household size2.68
- Median household income$97,606
- Median age40.8
- Median gross rent$1,507 per month
- Median owner-occupied home value$386,000
- Home value to household income4.0 times
- Annual rent as a share of median income18.5 percent
- Adults 25 and over with a bachelor degree or higher31.9 percent
- Adults 25 and over with a graduate degree12.8 percent
- Adults 25 and over66,519
- Population under 1821,524
- Share under 1822.7 percent
- Population 65 and over17,831
- Share 65 and over18.8 percent
- Working age population, 18 to 6455,653
- Civilian labor force48,800
- Unemployment rate4.2 percent
- Labor force participation, adults 18 and over66.4 percent
- Rank by population among Virginia counties23rd of 133
- Rank by population among US county-equivalents, Puerto Rico included649th of 3,222
Frederick County is the 23rd largest of 133 Virginia counties by population. A median home costs 4.0 times median household income, which is moderately unaffordable by national standards. Residents under 18 outnumber those 65 and over, at 22.7 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.
Frederick County
Is Frederick County's population growing?
- Population, July 1, 202498,109
- Census 2020 base population91,451
- Population change since the 2020 census base7.28 percent
- Population change, 2023 to 20241,931
- Births, 2024959
- Deaths, 2024846
- Natural change, 2024113
- Net domestic migration, 20241,588
- Net international migration, 2024229
- Total net migration, 20241,817
- Cumulative net domestic migration, 2021 to 20245,585
- Rank by growth among US county-equivalents293rd of 3,144
The county has grown 7.28 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.
Frederick County
Where are people moving to Frederick County from?
- Tax returns filed by households arriving3,402
- People arriving, from those returns6,339
- Tax returns filed by households leaving2,902
- Net household movement500
- Adjusted gross income arriving$261.7 m
- Net adjusted gross income movement$62.4 m
- Average income of an arriving household$76,939
- Average income of a leaving household$68,687
- Largest single originWinchester city (590 households)
- Largest single destinationWinchester city (488 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Winchester city | 590 | 1,070 | $33.1 m |
| Loudoun County | 415 | 865 | $37.8 m |
| Fairfax County | 219 | 420 | $22.3 m |
| Berkeley County | 174 | 308 | $10.0 m |
| Warren County | 170 | 338 | $13.2 m |
| Prince William County | 162 | 340 | $15.6 m |
| Shenandoah County | 150 | 278 | $7.9 m |
| Clarke County | 102 | 198 | $7.0 m |
Households arriving report $8,252 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 Winchester city, 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.
Frederick County
Employment by industry in Frederick County
- Covered employment, annual average39,388
- Establishments reporting2,131
- Average annual pay$62,069
- Average weekly wage$1,194
- Manufacturing, employment6,538
- Manufacturing, average annual pay$78,174
- Transportation and warehousing, employment5,800
- Transportation and warehousing, average annual pay$57,954
- Retail trade, employment4,302
- Retail trade, average annual pay$41,402
- Finance and insurance, employment2,936
- Finance and insurance, average annual pay$81,225
- Accommodation and food services, employment2,439
- Construction, employment2,366
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Manufacturing | 6,538 | 110 | $78,174 |
| Transportation and warehousing | 5,800 | 97 | $57,954 |
| Retail trade | 4,302 | 221 | $41,402 |
| Finance and insurance | 2,936 | 77 | $81,225 |
| Accommodation and food services | 2,439 | 142 | $26,115 |
| Construction | 2,366 | 270 | $76,347 |
| Health care and social assistance | 2,028 | 333 | $57,011 |
| Administrative and support and waste management services | 1,927 | 141 | $37,536 |
Manufacturing is the largest private sector at 6,538 jobs, 16.6 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Frederick County
How many businesses are in Frederick County?
- Establishments, all industries1,695
- Employment at those establishments31,079
- Annual payroll$1.76 bn
- Establishments per 1,000 residents17.8
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.
Frederick County
Building permits in Frederick County
- Housing units authorized by permit, 2024872
- Declared construction value permitted$211.3 m
- Single family units authorized872
- Multifamily units authorized0
- Multifamily share of units0.0 percent
- Average declared value per unit$242,368
- Units authorized per 1,000 households24.6
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.
Frederick County
SBA loans in Frederick County (7(a) and 504)
- 7(a) approvals recorded63
- 7(a) gross approval dollars$44.2 m
- Average 7(a) approval$701,190
- Median 7(a) approval$198,600
- 10th percentile approval$30,000
- 90th percentile approval$1,675,000
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)566
- Jobs per approval9.0
- Distinct 7(a) lenders active34
- Distinct industries receiving approvals44
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer17.5 percent
- Loans on real estate terms11
- Loans on working capital terms, 120 months or shorter51
- Franchise loans13
- Franchise share of approvals20.6 percent
- Leading industry by approval countGeneral Freight Trucking, Long-Distance, Truckload (5)
- Most active lenderNortheast Bank (7)
- 504 approvals recorded20
- 504 gross approval dollars$22.0 m
- Average 504 approval$1,097,600
- Median 504 approval$690,500
- Distinct CDCs active3
- 504 jobs per approval14.6
- 504 jobs per million dollars approved13.3
- Most active CDCBusiness Finance Group, Inc. (16)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$66.1 m
The average approval of $701,190 sits well above the median of $198,600, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. Only 17.5 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.
Frederick County
SBA loan default and charge-off rates in Frederick County
Do SBA loans in Frederick County get paid back?
- Loans with a final outcome recorded12
- Paid in full9
- Charged off3
- Status: Exempt from disclosure40
- Status: Paid in full9
- Status: Charged off3
- Status: Cancelled9
- Status: Committed, not yet disbursed2
Only 12 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.
Frederick County
SBA lending by place in Frederick County
- Borrower cities with recorded lending7
- Winchester, approvals46
- Stephens City, approvals7
- Stephenson, approvals3
- Cross Junction, approvals3
- Clear Brook, approvals2
- Middletown, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Winchester | 46 | $37,928,100 |
| Stephens City | 7 | $3,876,900 |
| Stephenson | 3 | $325,000 |
| Cross Junction | 3 | $220,000 |
| Clear Brook | 2 | $1,745,000 |
| Middletown | 1 | $50,000 |
| Front Royal | 1 | $30,000 |
Winchester accounts for 46 approvals against 7 in Stephens City. 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.
Frederick County
How large is Frederick County?
- Land area413 sq mi
- Rank by land area among Virginia counties43rd of 133
- Width, east to west27.4 mi
- Height, north to south31.6 mi
- Geographies sharing a boundary9
- Residents per square mile of land230
- Establishments per square mile4.10
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.
Frederick County
Flood risk in Frederick County
- Participation of the county's own NFIP community Frederick County, unincorporated areasParticipating, community 510063
- Communities in the county in the NFIP Community Status Book3
- Of those, participating in the NFIP3
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Frederick 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 Frederick County (community 510063), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Frederick 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 Frederick 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 Frederick County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202495,008
- Households35,385
- Average household size2.68
- Median household income$97,606
- Median age40.8
Common questions
Frederick County questions, answered from the record.
How many people live in Frederick County, Virginia?
The Census Bureau estimates 98,109 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 95,008, in 35,385 households, ranking 23rd of 133 Virginia counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Frederick County's population growing?
The population has grown 7.28 percent since the 2020 census base of 91,451, to 98,109 on July 1, 2024. In 2024 there were 959 births against 846 deaths, with net migration of 1,817. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Frederick County?
$97,606. The median owner-occupied home is valued at $386,000, which is 4.0 times income, and median gross rent is $1,507 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Frederick County?
1,695 establishments, employing 31,079 people with an annual payroll of $1.76 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 Frederick County?
Manufacturing is the largest private sector at 6,538 jobs, 16.6 percent of covered employment. Covered employment averages 39,388 jobs at an average annual pay of $62,069, or $1,194 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Frederick County?
63 7(a) approvals totaling $44.2 m since FY2020, across 34 lenders, with a median approval of $198,600, plus 20 504 approvals worth $22.0 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Frederick County?
872 housing units were authorized by permit in 2024, with a declared construction value of $211.3 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Frederick 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 Frederick County come from?
The largest single origin is Winchester city, with 590 households. Arriving households report an average income of $76,939 against $68,687 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Frederick 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 Frederick 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.
Frederick County
Cities and places in Frederick.
6 Census places lie wholly or partly in Frederick 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 |
|---|---|---|---|---|
| Shawneeland | CDP | 2,754 | None recorded | Wholly in this county |
| Stephens City | town | 2,393 | 7 | Wholly in this county |
| Lake Holiday | CDP | 2,193 | None recorded | Wholly in this county |
| Middletown | town | 1,786 | 1 | Wholly in this county |
| Brucetown | CDP | 250 | None recorded | Wholly in this county |
| Gore | CDP | 86 | None recorded | Wholly in this county |
A further 55 of the county's 63 SBA 7(a) approvals are to borrowers in cities that match no Census place in Frederick County, the largest being Winchester (46), Stephenson (3), Cross Junction (3). 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.