HomeVirginiaKing William County
King William County, Virginia: commercial real estate data.
King William County, Virginia had an estimated 19,232 residents on July 1, 2024, up 8.0 percent since the 2020 census base of 17,813, across 274 square miles. County output reached $849.9 m in 2024, 359 establishments operate here, and the SBA record carries 6 7(a) approvals worth $2.6 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
King William County
How many people live in King William County
- Population, American Community Survey 2020-202418,593
- Households7,352
- Average household size2.53
- Median household income$86,056
- Median age40.9
- Median gross rent$1,166 per month
- Median owner-occupied home value$315,700
- Home value to household income3.7 times
- Annual rent as a share of median income16.3 percent
- Adults 25 and over with a bachelor degree or higher23.0 percent
- Adults 25 and over with a graduate degree6.7 percent
- Adults 25 and over13,085
- Population under 184,224
- Share under 1822.7 percent
- Population 65 and over3,129
- Share 65 and over16.8 percent
- Working age population, 18 to 6411,240
- Civilian labor force10,115
- Unemployment rate2.3 percent
- Labor force participation, adults 18 and over70.4 percent
- Rank by population among Virginia counties83rd of 133
- Rank by population among US county-equivalents, Puerto Rico included1956th of 3,222
King William County is the 83rd largest of 133 Virginia counties by population. A median home costs 3.7 times median household income, which is moderately unaffordable by national standards. Residents under 18 outnumber those 65 and over, at 22.7 percent against 16.8 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
King William County
Is King William County's population growing?
- Population, July 1, 202419,232
- Census 2020 base population17,813
- Population change since the 2020 census base7.97 percent
- Population change, 2023 to 2024197
- Births, 2024215
- Deaths, 2024170
- Natural change, 202445
- Net domestic migration, 2024142
- Net international migration, 202410
- Total net migration, 2024152
- Cumulative net domestic migration, 2021 to 20241,119
- Rank by growth among US county-equivalents239th of 3,144
The county has grown 7.97 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.
King William County
Where are people moving to King William County from?
- Tax returns filed by households arriving667
- People arriving, from those returns1,165
- Tax returns filed by households leaving511
- Net household movement156
- Adjusted gross income arriving$40.7 m
- Net adjusted gross income movement$12.5 m
- Average income of an arriving household$60,948
- Average income of a leaving household$55,162
- Largest single originHanover County (147 households)
- Largest single destinationHanover County (103 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Hanover County | 147 | 250 | $10.1 m |
| Henrico County | 102 | 159 | $5.1 m |
| Chesterfield County | 35 | 74 | $1.9 m |
| New Kent County | 34 | 55 | $2.0 m |
| King and Queen County | 30 | 51 | $1.9 m |
| James City County | 24 | 49 | $1.5 m |
| Richmond city | 24 | 34 | $1.2 m |
Households arriving report $5,786 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 Hanover 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.
King William County
What is the King William County economy?
- County GDP, 2024$849.9 m
- County GDP, 2023$767.9 m
- GDP change, 2023 to 202410.7 percent
- GDP change over five years55.3 percent
- Rank by GDP among the Virginia areas BEA publishes73rd of 105
- Rank by GDP among the US county areas BEA publishes1982nd of 3,127
- GDP per resident$45,710
Output grew 10.7 percent in the latest year and 55.3 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.
King William County
Employment by industry in King William County
- Covered employment, annual average4,201
- Establishments reporting492
- Average annual pay$59,062
- Average weekly wage$1,136
- Manufacturing, employment726
- Manufacturing, average annual pay$93,452
- Retail trade, employment444
- Retail trade, average annual pay$30,089
- Accommodation and food services, employment331
- Accommodation and food services, average annual pay$20,096
- Construction, employment240
- Construction, average annual pay$61,096
- Other services, except public administration, employment205
- Administrative and support and waste management services, employment157
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Manufacturing | 726 | 17 | $93,452 |
| Retail trade | 444 | 45 | $30,089 |
| Accommodation and food services | 331 | 32 | $20,096 |
| Construction | 240 | 63 | $61,096 |
| Other services, except public administration | 205 | 65 | $38,166 |
| Administrative and support and waste management services | 157 | 29 | $39,212 |
| Professional, scientific and technical services | 124 | 47 | $58,888 |
| Finance and insurance | 110 | 18 | $59,931 |
Manufacturing is the largest private sector at 726 jobs, 17.3 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
King William County
How many businesses are in King William County?
- Establishments, all industries359
- Employment at those establishments3,036
- Annual payroll$127.8 m
- Establishments per 1,000 residents19.3
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.
King William County
Building permits in King William County
- Housing units authorized by permit, 2024129
- Declared construction value permitted$27.9 m
- Single family units authorized129
- Multifamily units authorized0
- Multifamily share of units0.0 percent
- Average declared value per unit$216,292
- Units authorized per 1,000 households17.5
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.
King William County
SBA loans in King William County (7(a) and 504)
- 7(a) approvals recorded6
- 7(a) gross approval dollars$2.6 m
- Average 7(a) approval$440,500
- Median 7(a) approval$321,500
- Largest single approval$1,200,000
- Jobs reported supported, 7(a)35
- Jobs per approval5.8
- Distinct 7(a) lenders active5
- Distinct industries receiving approvals4
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer16.7 percent
- Loans on real estate terms1
- Loans on working capital terms, 120 months or shorter5
- Franchise loans3
- Franchise share of approvals50.0 percent
- Leading industry by approval countLandscaping Services (3)
- 504 approvals recorded3
- 504 gross approval dollars$1.1 m
- Average 504 approval$379,333
- Median 504 approval$393,000
- Distinct CDCs active2
- 504 jobs per approval5.0
- 504 jobs per million dollars approved13.2
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$3.8 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.
King William County
SBA loan default and charge-off rates in King William County
Do SBA loans in King William County get paid back?
- Loans with a final outcome recorded0
- Paid in full0
- Charged off0
- Status: Exempt from disclosure5
- Status: Cancelled1
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.
King William County
SBA lending by place in King William County
- Borrower cities with recorded lending4
- Aylett, approvals2
- Manquin, approvals2
- King William, approvals1
- Troy, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Aylett | 2 | $775,000 |
| Manquin | 2 | $518,000 |
| King William | 1 | $1,200,000 |
| Troy | 1 | $150,000 |
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
King William County
How large is King William County?
- Land area274 sq mi
- Rank by land area among Virginia counties73rd of 133
- Width, east to west31.1 mi
- Height, north to south26.4 mi
- Geographies sharing a boundary4
- Residents per square mile of land68
- Establishments per square mile1.31
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.
King William County
Flood risk in King William County
- Participation of the county's own NFIP community King William County, unincorporated areasParticipating, community 510304
- 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 King William County, EPA zone predicted average indoor radon screening level less than 2 pCi/LZone 3
The county's own community in the status book, unincorporated King William County (community 510304), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places King William County in radon zone 3, a predicted average indoor radon screening level less than 2 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 King William 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 King William County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202418,593
- Households7,352
- Average household size2.53
- Median household income$86,056
- Median age40.9
Common questions
King William County questions, answered from the record.
How many people live in King William County, Virginia?
The Census Bureau estimates 19,232 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 18,593, in 7,352 households, ranking 83rd of 133 Virginia counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is King William County's population growing?
The population has grown 7.97 percent since the 2020 census base of 17,813, to 19,232 on July 1, 2024. In 2024 there were 215 births against 170 deaths, with net migration of 152. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in King William County?
$86,056. The median owner-occupied home is valued at $315,700, which is 3.7 times income, and median gross rent is $1,166 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in King William County?
359 establishments, employing 3,036 people with an annual payroll of $127.8 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 King William County?
Manufacturing is the largest private sector at 726 jobs, 17.3 percent of covered employment. Covered employment averages 4,201 jobs at an average annual pay of $59,062, or $1,136 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in King William County?
6 7(a) approvals totaling $2.6 m since FY2020, across 5 lenders, with a median approval of $321,500, plus 3 504 approvals worth $1.1 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in King William County?
129 housing units were authorized by permit in 2024, with a declared construction value of $27.9 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for King William County?
Zone 3, a predicted average indoor radon screening level less than 2 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to King William County come from?
The largest single origin is Hanover County, with 147 households. Arriving households report an average income of $60,948 against $55,162 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for King William 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 King William 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.
King William County
Cities and places in King William.
3 Census places lie wholly or partly in King William County. All 3 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 |
|---|---|---|---|---|
| West Point | town | 3,480 | None recorded | Wholly in this county |
| Central Garage | CDP | 1,864 | None recorded | Wholly in this county |
| King William | CDP | 85 | 1 | Wholly in this county |
A further 5 of the county's 6 SBA 7(a) approvals are to borrowers in cities that match no Census place in King William County, the largest being Aylett (2), Manquin (2), Troy (1). 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.
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