Patrick County, Virginia: commercial real estate data.
Patrick County, Virginia had an estimated 17,308 residents on July 1, 2024, down 1.7 percent since the 2020 census base of 17,606, across 483 square miles. County output reached $535.0 m in 2024, 266 establishments operate here, and the SBA record carries 8 7(a) approvals worth $1.5 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Patrick County
How many people live in Patrick County
- Population, American Community Survey 2020-202417,512
- Households7,781
- Average household size2.25
- Median household income$53,038
- Median age51.8
- Median gross rent$716 per month
- Median owner-occupied home value$153,400
- Home value to household income2.9 times
- Annual rent as a share of median income16.2 percent
- Adults 25 and over with a bachelor degree or higher15.1 percent
- Adults 25 and over with a graduate degree3.8 percent
- Adults 25 and over13,469
- Population under 183,047
- Share under 1817.4 percent
- Population 65 and over4,835
- Share 65 and over27.6 percent
- Working age population, 18 to 649,630
- Civilian labor force7,586
- Unemployment rate2.5 percent
- Labor force participation, adults 18 and over52.4 percent
- Rank by population among Virginia counties86th of 133
- Rank by population among US county-equivalents, Puerto Rico included2013th of 3,222
Patrick County is the 86th largest of 133 Virginia counties by population. A median home costs 2.9 times median household income, which is affordable by national standards. Residents 65 and over outnumber those under 18, at 27.6 percent against 17.4 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.
Patrick County
Is Patrick County's population growing?
- Population, July 1, 202417,308
- Census 2020 base population17,606
- Population change since the 2020 census base-1.69 percent
- Population change, 2023 to 2024-132
- Births, 2024117
- Deaths, 2024319
- Natural change, 2024-202
- Net domestic migration, 202471
- Net international migration, 2024-1
- Total net migration, 202470
- Cumulative net domestic migration, 2021 to 2024601
- Rank by growth among US county-equivalents2421st of 3,144
The county has lost 1.69 percent of its population since the 2020 census base. Deaths exceeded births in 2024 by more than net migration added, so the population fell even though more people moved in than left.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Patrick County
Where are people moving to Patrick County from?
- Tax returns filed by households arriving379
- People arriving, from those returns731
- Tax returns filed by households leaving310
- Net household movement69
- Adjusted gross income arriving$19.1 m
- Net adjusted gross income movement$5.5 m
- Average income of an arriving household$50,472
- Average income of a leaving household$43,868
- Largest single originHenry County (67 households)
- Largest single destinationHenry County (69 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Henry County | 67 | 125 | $2.8 m |
| Surry County | 38 | 76 | $1.3 m |
Households arriving report $6,604 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 Henry 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.
Patrick County
What is the Patrick County economy?
- County GDP, 2024$535.0 m
- County GDP, 2023$522.0 m
- GDP change, 2023 to 20242.5 percent
- GDP change over five years32.6 percent
- Rank by GDP among the Virginia areas BEA publishes86th of 105
- Rank by GDP among the US county areas BEA publishes2366th of 3,127
- GDP per resident$30,550
Output grew 2.5 percent in the latest year and 32.6 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.
Patrick County
Employment by industry in Patrick County
- Covered employment, annual average4,110
- Establishments reporting484
- Average annual pay$40,000
- Average weekly wage$769
- Manufacturing, employment951
- Manufacturing, average annual pay$44,783
- Retail trade, employment563
- Retail trade, average annual pay$33,744
- Construction, employment129
- Construction, average annual pay$42,597
- Wholesale trade, employment114
- Wholesale trade, average annual pay$50,734
- Agriculture, forestry, fishing and hunting, employment97
- Other services, except public administration, employment87
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Manufacturing | 951 | 26 | $44,783 |
| Retail trade | 563 | 44 | $33,744 |
| Construction | 129 | 37 | $42,597 |
| Wholesale trade | 114 | 7 | $50,734 |
| Agriculture, forestry, fishing and hunting | 97 | 15 | $37,143 |
| Other services, except public administration | 87 | 36 | $27,998 |
| Information | 80 | 4 | $34,233 |
| Professional, scientific and technical services | 60 | 20 | $36,339 |
Manufacturing is the largest private sector at 951 jobs, 23.1 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Patrick County
How many businesses are in Patrick County?
- Establishments, all industries266
- Employment at those establishments2,996
- Annual payroll$112.5 m
- Establishments per 1,000 residents15.2
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.
Patrick County
Building permits in Patrick County
- Housing units authorized by permit, 202428
- Declared construction value permitted$9.3 m
- Single family units authorized28
- Multifamily units authorized0
- Multifamily share of units0.0 percent
- Average declared value per unit$332,378
- Units authorized per 1,000 households3.6
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.
Patrick County
SBA loans in Patrick County (7(a) and 504)
- 7(a) approvals recorded8
- 7(a) gross approval dollars$1.5 m
- Average 7(a) approval$185,475
- Median 7(a) approval$88,250
- Largest single approval$544,000
- Jobs reported supported, 7(a)12
- Jobs per approval1.5
- Distinct 7(a) lenders active2
- Distinct industries receiving approvals6
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer25.0 percent
- Loans on real estate terms2
- Loans on working capital terms, 120 months or shorter6
- Franchise loans0
- Franchise share of approvals0.0 percent
- Most active lenderFirst Community Bank (7)
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Patrick County
SBA loan default and charge-off rates in Patrick County
Do SBA loans in Patrick County get paid back?
- Loans with a final outcome recorded2
- Paid in full2
- Charged off0
- Status: Paid in full2
- Status: Exempt from disclosure6
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.
Patrick County
SBA lending by place in Patrick County
- Borrower cities with recorded lending4
- Ararat, approvals4
- Woolwine, approvals2
- Critz, approvals1
- Stuart, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Ararat | 4 | $774,300 |
| Woolwine | 2 | $614,000 |
| Critz | 1 | $76,500 |
| Stuart | 1 | $19,000 |
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Patrick County
How large is Patrick County?
- Land area483 sq mi
- Rank by land area among Virginia counties27th of 133
- Width, east to west31.7 mi
- Height, north to south22.8 mi
- Geographies sharing a boundary6
- Residents per square mile of land36
- Establishments per square mile0.55
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.
Patrick County
Flood risk in Patrick County
- Participation of the county's own NFIP community Patrick County, unincorporated areasParticipating, community 510252
- 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 Patrick 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 Patrick County (community 510252), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Patrick 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 Patrick 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 Patrick County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202417,512
- Households7,781
- Average household size2.25
- Median household income$53,038
- Median age51.8
Common questions
Patrick County questions, answered from the record.
How many people live in Patrick County, Virginia?
The Census Bureau estimates 17,308 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 17,512, in 7,781 households, ranking 86th of 133 Virginia counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Patrick County's population growing?
The population has fallen 1.69 percent since the 2020 census base of 17,606, to 17,308 on July 1, 2024. In 2024 there were 117 births against 319 deaths, with net migration of 70. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Patrick County?
$53,038. The median owner-occupied home is valued at $153,400, which is 2.9 times income, and median gross rent is $716 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Patrick County?
266 establishments, employing 2,996 people with an annual payroll of $112.5 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 Patrick County?
Manufacturing is the largest private sector at 951 jobs, 23.1 percent of covered employment. Covered employment averages 4,110 jobs at an average annual pay of $40,000, or $769 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Patrick County?
8 7(a) approvals totaling $1.5 m since FY2020, across 2 lenders, with a median approval of $88,250. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Patrick County?
28 housing units were authorized by permit in 2024, with a declared construction value of $9.3 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Patrick 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 Patrick County come from?
The largest single origin is Henry County, with 67 households. Arriving households report an average income of $50,472 against $43,868 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Patrick 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 Patrick 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.
Patrick County
Cities and places in Patrick.
3 Census places lie wholly or partly in Patrick 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 |
|---|---|---|---|---|
| Patrick Springs | CDP | 2,223 | None recorded | Wholly in this county |
| Stuart | town | 1,952 | 1 | Wholly in this county |
| Meadows of Dan | CDP | 134 | None recorded | Wholly in this county |
A further 7 of the county's 8 SBA 7(a) approvals are to borrowers in cities that match no Census place in Patrick County, the largest being Ararat (4), Woolwine (2), Critz (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.