Halifax County, Virginia: commercial real estate data.
Halifax County, Virginia had an estimated 33,448 residents on July 1, 2024, down 1.7 percent since the 2020 census base of 34,023, across 818 square miles. County output reached $1.64 bn in 2024, 656 establishments operate here, and the SBA record carries 14 7(a) approvals worth $22.5 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Halifax County
How many people live in Halifax County
- Population, American Community Survey 2020-202433,639
- Households13,613
- Average household size2.47
- Median household income$52,013
- Median age46.5
- Median gross rent$790 per month
- Median owner-occupied home value$155,700
- Home value to household income3.0 times
- Annual rent as a share of median income18.2 percent
- Adults 25 and over with a bachelor degree or higher19.7 percent
- Adults 25 and over with a graduate degree7.9 percent
- Adults 25 and over24,341
- Population under 186,850
- Share under 1820.4 percent
- Population 65 and over8,626
- Share 65 and over25.6 percent
- Working age population, 18 to 6418,163
- Civilian labor force14,703
- Unemployment rate4.2 percent
- Labor force participation, adults 18 and over54.9 percent
- Rank by population among Virginia counties52nd of 133
- Rank by population among US county-equivalents, Puerto Rico included1379th of 3,222
Halifax County is the 52nd largest of 133 Virginia counties by population. A median home costs 3.0 times median household income, which is affordable by national standards. Residents 65 and over outnumber those under 18, at 25.6 percent against 20.4 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.
Halifax County
Is Halifax County's population growing?
- Population, July 1, 202433,448
- Census 2020 base population34,023
- Population change since the 2020 census base-1.69 percent
- Population change, 2023 to 202414
- Births, 2024310
- Deaths, 2024589
- Natural change, 2024-279
- Net domestic migration, 2024255
- Net international migration, 202441
- Total net migration, 2024296
- Cumulative net domestic migration, 2021 to 2024535
- Rank by growth among US county-equivalents2420th of 3,144
The county has lost 1.69 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.
Halifax County
Where are people moving to Halifax County from?
- Tax returns filed by households arriving581
- People arriving, from those returns1,069
- Tax returns filed by households leaving583
- Net household movement-2
- Adjusted gross income arriving$31.6 m
- Net adjusted gross income movement$2.2 m
- Average income of an arriving household$54,456
- Average income of a leaving household$50,480
- Largest single originMecklenburg County (35 households)
- Largest single destinationMecklenburg County (38 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Mecklenburg County | 35 | 68 | $1.3 m |
| Pittsylvania County | 31 | 56 | $1.0 m |
| Person County | 25 | 47 | $848,000 |
| Danville city | 22 | 43 | $615,000 |
| Campbell County | 21 | 39 | $804,000 |
Households arriving report $3,976 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 Mecklenburg 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.
Halifax County
What is the Halifax County economy?
- County GDP, 2024$1.64 bn
- County GDP, 2023$1.52 bn
- GDP change, 2023 to 20247.8 percent
- GDP change over five years34.3 percent
- Rank by GDP among the Virginia areas BEA publishes52nd of 105
- Rank by GDP among the US county areas BEA publishes1442nd of 3,127
- GDP per resident$48,687
Output grew 7.8 percent in the latest year and 34.3 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.
Halifax County
Employment by industry in Halifax County
- Covered employment, annual average11,850
- Establishments reporting1,022
- Average annual pay$50,234
- Average weekly wage$966
- Manufacturing, employment1,973
- Manufacturing, average annual pay$66,387
- Retail trade, employment1,317
- Retail trade, average annual pay$28,903
- Transportation and warehousing, employment1,088
- Transportation and warehousing, average annual pay$51,104
- Accommodation and food services, employment899
- Accommodation and food services, average annual pay$20,959
- Construction, employment792
- Arts, entertainment and recreation, employment304
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Manufacturing | 1,973 | 38 | $66,387 |
| Retail trade | 1,317 | 105 | $28,903 |
| Transportation and warehousing | 1,088 | 34 | $51,104 |
| Accommodation and food services | 899 | 62 | $20,959 |
| Construction | 792 | 79 | $67,639 |
| Arts, entertainment and recreation | 304 | 12 | $25,553 |
| Other services, except public administration | 297 | 72 | $38,182 |
| Professional, scientific and technical services | 247 | 50 | $69,729 |
Manufacturing is the largest private sector at 1,973 jobs, 16.6 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Halifax County
How many businesses are in Halifax County?
- Establishments, all industries656
- Employment at those establishments9,748
- Annual payroll$463.1 m
- Establishments per 1,000 residents19.5
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.
Halifax County
Building permits in Halifax County
- Housing units authorized by permit, 202497
- Declared construction value permitted$20.1 m
- Single family units authorized97
- Multifamily units authorized0
- Multifamily share of units0.0 percent
- Average declared value per unit$206,969
- Units authorized per 1,000 households7.1
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.
Halifax County
SBA loans in Halifax County (7(a) and 504)
- 7(a) approvals recorded14
- 7(a) gross approval dollars$22.5 m
- Average 7(a) approval$1,605,079
- Median 7(a) approval$1,290,000
- Largest single approval$3,975,000
- Jobs reported supported, 7(a)138
- Jobs per approval9.9
- Distinct 7(a) lenders active9
- Distinct industries receiving approvals9
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer42.9 percent
- Loans on real estate terms6
- Loans on working capital terms, 120 months or shorter8
- Franchise loans5
- Franchise share of approvals35.7 percent
- Leading industry by approval countHotels (except Casino Hotels) and Motels (5)
- Most active lenderGBank (3)
- 504 approvals recorded1
- 504 gross approval dollars$743,000
- Average 504 approval$743,000
- Median 504 approval$743,000
- Distinct CDCs active1
- 504 jobs per approval4.0
- 504 jobs per million dollars approved5.4
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$23.2 m
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.
Halifax County
SBA loan default and charge-off rates in Halifax County
Do SBA loans in Halifax County get paid back?
- Loans with a final outcome recorded4
- Paid in full4
- Charged off0
- Status: Paid in full4
- Status: Exempt from disclosure7
- Status: Cancelled3
Only 4 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.
Halifax County
SBA lending by place in Halifax County
- Borrower cities with recorded lending3
- South Boston, approvals10
- Nathalie, approvals3
- Halifax, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| South Boston | 10 | $20,666,700 |
| Nathalie | 3 | $1,674,400 |
| Halifax | 1 | $130,000 |
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Halifax County
How large is Halifax County?
- Land area818 sq mi
- Rank by land area among Virginia counties4th of 133
- Width, east to west31.6 mi
- Height, north to south35.9 mi
- Geographies sharing a boundary7
- Residents per square mile of land41
- Establishments per square mile0.80
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.
Halifax County
Flood risk in Halifax County
- Participation of the county's own NFIP community Halifax County, unincorporated areasParticipating, community 510188
- Communities in the county in the NFIP Community Status Book4
- Of those, participating in the NFIP3
- NFIP participation rate75.0 percent
- Communities carrying a CRS class0
- Radon levels in Halifax 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 Halifax County (community 510188), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Halifax 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. 75.0 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 Halifax 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 Halifax County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202433,639
- Households13,613
- Average household size2.47
- Median household income$52,013
- Median age46.5
Common questions
Halifax County questions, answered from the record.
How many people live in Halifax County, Virginia?
The Census Bureau estimates 33,448 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 33,639, in 13,613 households, ranking 52nd of 133 Virginia counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Halifax County's population growing?
The population has fallen 1.69 percent since the 2020 census base of 34,023, to 33,448 on July 1, 2024. In 2024 there were 310 births against 589 deaths, with net migration of 296. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Halifax County?
$52,013. The median owner-occupied home is valued at $155,700, which is 3.0 times income, and median gross rent is $790 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Halifax County?
656 establishments, employing 9,748 people with an annual payroll of $463.1 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 Halifax County?
Manufacturing is the largest private sector at 1,973 jobs, 16.6 percent of covered employment. Covered employment averages 11,850 jobs at an average annual pay of $50,234, or $966 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Halifax County?
14 7(a) approvals totaling $22.5 m since FY2020, across 9 lenders, with a median approval of $1,290,000, plus 1 504 approvals worth $743,000 since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Halifax County?
97 housing units were authorized by permit in 2024, with a declared construction value of $20.1 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Halifax 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 Halifax County come from?
The largest single origin is Mecklenburg County, with 35 households. Arriving households report an average income of $54,456 against $50,480 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Halifax 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 Halifax 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.
Halifax County
Cities and places in Halifax.
9 Census places lie wholly or partly in Halifax County. All 9 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 |
|---|---|---|---|---|
| South Boston | town | 7,853 | 10 | Wholly in this county |
| Mountain Road | CDP | 1,574 | None recorded | Wholly in this county |
| Halifax | town | 1,496 | 1 | Wholly in this county |
| Riverdale | CDP | 1,077 | None recorded | Wholly in this county |
| Cluster Springs | CDP | 859 | None recorded | Wholly in this county |
| Clover | CDP | 696 | None recorded | Wholly in this county |
| Virgilina | town | 171 | None recorded | Wholly in this county |
| Scottsburg | town | 51 | None recorded | Wholly in this county |
| Nathalie | CDP | 24 | 3 | Wholly in this county |