Grayson County, Virginia: commercial real estate data.
Grayson County, Virginia had an estimated 15,265 residents on July 1, 2024, down 0.4 percent since the 2020 census base of 15,332, across 442 square miles. County output reached $398.0 m in 2024, 173 establishments operate here, and the SBA record carries 10 7(a) approvals worth $12.6 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Grayson County
How many people live in Grayson County
- Population, American Community Survey 2020-202415,287
- Households6,337
- Average household size2.41
- Median household income$47,730
- Median age48.4
- Median gross rent$765 per month
- Median owner-occupied home value$150,100
- Home value to household income3.1 times
- Annual rent as a share of median income19.2 percent
- Adults 25 and over with a bachelor degree or higher15.5 percent
- Adults 25 and over with a graduate degree4.9 percent
- Adults 25 and over11,755
- Population under 182,480
- Share under 1816.2 percent
- Population 65 and over3,975
- Share 65 and over26.0 percent
- Working age population, 18 to 648,832
- Civilian labor force6,078
- Unemployment rate3.6 percent
- Labor force participation, adults 18 and over47.5 percent
- Rank by population among Virginia counties97th of 133
- Rank by population among US county-equivalents, Puerto Rico included2145th of 3,222
Grayson County is the 97th largest of 133 Virginia counties by population. A median home costs 3.1 times median household income, which is moderately unaffordable by national standards. Residents 65 and over outnumber those under 18, at 26.0 percent against 16.2 percent, which points demand at health care, services and single story product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Grayson County
Is Grayson County's population growing?
- Population, July 1, 202415,265
- Census 2020 base population15,332
- Population change since the 2020 census base-0.44 percent
- Population change, 2023 to 202430
- Births, 202484
- Deaths, 2024271
- Natural change, 2024-187
- Net domestic migration, 2024214
- Net international migration, 20244
- Total net migration, 2024218
- Cumulative net domestic migration, 2021 to 2024667
- Rank by growth among US county-equivalents2001st of 3,144
The county has lost 0.44 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.
Grayson County
Where are people moving to Grayson County from?
- Tax returns filed by households arriving394
- People arriving, from those returns726
- Tax returns filed by households leaving324
- Net household movement70
- Adjusted gross income arriving$22.7 m
- Net adjusted gross income movement$8.2 m
- Average income of an arriving household$57,513
- Average income of a leaving household$44,691
- Largest single originCarroll County (74 households)
- Largest single destinationCarroll County (73 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Carroll County | 74 | 131 | $2.5 m |
| Galax city | 55 | 96 | $2.2 m |
Households arriving report $12,822 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 Carroll 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.
Grayson County
What is the Grayson County economy?
- County GDP, 2024$398.0 m
- County GDP, 2023$383.9 m
- GDP change, 2023 to 20243.7 percent
- GDP change over five years35.0 percent
- Rank by GDP among the Virginia areas BEA publishes92nd of 105
- Rank by GDP among the US county areas BEA publishes2545th of 3,127
- GDP per resident$26,034
Output grew 3.7 percent in the latest year and 35.0 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.
Grayson County
Employment by industry in Grayson County
- Covered employment, annual average3,415
- Establishments reporting359
- Average annual pay$37,811
- Average weekly wage$727
- Manufacturing, employment371
- Manufacturing, average annual pay$44,416
- Retail trade, employment259
- Retail trade, average annual pay$22,155
- Finance and insurance, employment96
- Finance and insurance, average annual pay$72,717
- Other services, except public administration, employment40
- Other services, except public administration, average annual pay$25,299
- Wholesale trade, employment38
- Construction, employment36
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Manufacturing | 371 | 16 | $44,416 |
| Retail trade | 259 | 26 | $22,155 |
| Finance and insurance | 96 | 14 | $72,717 |
| Other services, except public administration | 40 | 19 | $25,299 |
| Wholesale trade | 38 | 8 | $44,163 |
| Construction | 36 | 22 | $38,997 |
| Professional, scientific and technical services | 21 | 18 | $54,868 |
| Real estate and rental and leasing | 15 | 8 | $52,518 |
Manufacturing is the largest private sector at 371 jobs, 10.9 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Grayson County
How many businesses are in Grayson County?
- Establishments, all industries173
- Employment at those establishments1,566
- Annual payroll$64.1 m
- Establishments per 1,000 residents11.3
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.
Grayson County
Building permits in Grayson County
- Housing units authorized by permit, 202438
- Declared construction value permitted$11.1 m
- Single family units authorized38
- Multifamily units authorized0
- Multifamily share of units0.0 percent
- Average declared value per unit$291,556
- Units authorized per 1,000 households6.0
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.
Grayson County
SBA loans in Grayson County (7(a) and 504)
- 7(a) approvals recorded10
- 7(a) gross approval dollars$12.6 m
- Average 7(a) approval$1,255,720
- Median 7(a) approval$151,550
- Largest single approval$4,500,000
- Jobs reported supported, 7(a)108
- Jobs per approval10.8
- Distinct 7(a) lenders active3
- Distinct industries receiving approvals8
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer30.0 percent
- Loans on real estate terms3
- Loans on working capital terms, 120 months or shorter7
- Franchise loans0
- Franchise share of approvals0.0 percent
- Leading industry by approval countBeef Cattle Ranching and Farming (3)
- Most active lenderSkyline National Bank (5)
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Grayson County
SBA loan default and charge-off rates in Grayson County
Do SBA loans in Grayson County get paid back?
- Loans with a final outcome recorded2
- Paid in full2
- Charged off0
- Status: Exempt from disclosure7
- Status: Cancelled1
- Status: Paid in full2
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.
Grayson County
SBA lending by place in Grayson County
- Borrower cities with recorded lending3
- Galax, approvals7
- Independence, approvals2
- Fries, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Galax | 7 | $12,184,200 |
| Independence | 2 | $212,400 |
| Fries | 1 | $160,600 |
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Grayson County
How large is Grayson County?
- Land area442 sq mi
- Rank by land area among Virginia counties38th of 133
- Width, east to west46.6 mi
- Height, north to south17.1 mi
- Geographies sharing a boundary9
- Residents per square mile of land35
- Establishments per square mile0.39
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.
Grayson County
Flood risk in Grayson County
- Participation of the county's own NFIP community Grayson County, unincorporated areasParticipating, community 510243
- 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 Grayson 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 Grayson County (community 510243), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Grayson 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 Grayson 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 Grayson County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202415,287
- Households6,337
- Average household size2.41
- Median household income$47,730
- Median age48.4
Common questions
Grayson County questions, answered from the record.
How many people live in Grayson County, Virginia?
The Census Bureau estimates 15,265 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 15,287, in 6,337 households, ranking 97th of 133 Virginia counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Grayson County's population growing?
The population has fallen 0.44 percent since the 2020 census base of 15,332, to 15,265 on July 1, 2024. In 2024 there were 84 births against 271 deaths, with net migration of 218. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Grayson County?
$47,730. The median owner-occupied home is valued at $150,100, which is 3.1 times income, and median gross rent is $765 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Grayson County?
173 establishments, employing 1,566 people with an annual payroll of $64.1 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 Grayson County?
Manufacturing is the largest private sector at 371 jobs, 10.9 percent of covered employment. Covered employment averages 3,415 jobs at an average annual pay of $37,811, or $727 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Grayson County?
10 7(a) approvals totaling $12.6 m since FY2020, across 3 lenders, with a median approval of $151,550. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Grayson County?
38 housing units were authorized by permit in 2024, with a declared construction value of $11.1 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Grayson 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 Grayson County come from?
The largest single origin is Carroll County, with 74 households. Arriving households report an average income of $57,513 against $44,691 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Grayson 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 Grayson 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.
Grayson County
Cities and places in Grayson.
6 Census places lie wholly or partly in Grayson 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 |
|---|---|---|---|---|
| Independence | town | 1,132 | 2 | Wholly in this county |
| Baywood | CDP | 681 | None recorded | Wholly in this county |
| Fries | town | 330 | 1 | Wholly in this county |
| Hilltown | CDP | 302 | None recorded | 66.6 percent here, 33.4 percent Carroll County |
| Troutdale | town | 178 | None recorded | Wholly in this county |
| Stevens Creek | CDP | 148 | None recorded | Wholly in this county |
A further 7 of the county's 10 SBA 7(a) approvals are to borrowers in cities that match no Census place in Grayson County, the largest being Galax (7). 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.