HomeVirginiaPrince Edward County
Prince Edward County, Virginia: commercial real estate data.
Prince Edward County, Virginia had an estimated 22,276 residents on July 1, 2024, up 2.0 percent since the 2020 census base of 21,836, across 350 square miles. County output reached $995.5 m in 2024, 496 establishments operate here, and the SBA record carries 9 7(a) approvals worth $10.3 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Prince Edward County
How many people live in Prince Edward County
- Population, American Community Survey 2020-202421,996
- Households7,641
- Average household size2.88
- Median household income$56,315
- Median age32.6
- Median gross rent$931 per month
- Median owner-occupied home value$216,600
- Home value to household income3.8 times
- Annual rent as a share of median income19.8 percent
- Adults 25 and over with a bachelor degree or higher27.3 percent
- Adults 25 and over with a graduate degree14.4 percent
- Adults 25 and over12,856
- Population under 183,349
- Share under 1815.2 percent
- Population 65 and over3,765
- Share 65 and over17.1 percent
- Working age population, 18 to 6414,882
- Civilian labor force8,935
- Unemployment rate1.5 percent
- Labor force participation, adults 18 and over47.9 percent
- Rank by population among Virginia counties77th of 133
- Rank by population among US county-equivalents, Puerto Rico included1775th of 3,222
Prince Edward County is the 77th largest of 133 Virginia counties by population. A median home costs 3.8 times median household income, which is moderately unaffordable by national standards. Residents 65 and over outnumber those under 18, at 17.1 percent against 15.2 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.
Prince Edward County
Is Prince Edward County's population growing?
- Population, July 1, 202422,276
- Census 2020 base population21,836
- Population change since the 2020 census base2.02 percent
- Population change, 2023 to 2024278
- Births, 2024209
- Deaths, 2024252
- Natural change, 2024-43
- Net domestic migration, 2024275
- Net international migration, 202442
- Total net migration, 2024317
- Cumulative net domestic migration, 2021 to 2024486
- Rank by growth among US county-equivalents1164th of 3,144
The county has grown 2.02 percent 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.
Prince Edward County
Where are people moving to Prince Edward County from?
- Tax returns filed by households arriving565
- People arriving, from those returns1,001
- Tax returns filed by households leaving561
- Net household movement4
- Adjusted gross income arriving$27.8 m
- Net adjusted gross income movement$1.5 m
- Average income of an arriving household$49,251
- Average income of a leaving household$46,857
- Largest single originCumberland County (55 households)
- Largest single destinationChesterfield County (43 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Cumberland County | 55 | 105 | $2.0 m |
| Nottoway County | 48 | 90 | $1.9 m |
| Charlotte County | 42 | 83 | $1.4 m |
| Chesterfield County | 26 | 42 | $1.1 m |
| Buckingham County | 24 | 49 | $1.2 m |
| Appomattox County | 22 | 36 | $823,000 |
Households arriving report $2,394 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 Cumberland 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.
Prince Edward County
What is the Prince Edward County economy?
- County GDP, 2024$995.5 m
- County GDP, 2023$956.4 m
- GDP change, 2023 to 20244.1 percent
- GDP change over five years30.1 percent
- Rank by GDP among the Virginia areas BEA publishes68th of 105
- Rank by GDP among the US county areas BEA publishes1849th of 3,127
- GDP per resident$45,257
Output grew 4.1 percent in the latest year and 30.1 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.
Prince Edward County
Employment by industry in Prince Edward County
- Covered employment, annual average8,733
- Establishments reporting721
- Average annual pay$48,770
- Average weekly wage$938
- Retail trade, employment1,232
- Retail trade, average annual pay$33,933
- Accommodation and food services, employment1,089
- Accommodation and food services, average annual pay$20,976
- Construction, employment454
- Construction, average annual pay$72,267
- Manufacturing, employment244
- Manufacturing, average annual pay$41,284
- Administrative and support and waste management services, employment237
- Other services, except public administration, employment229
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Retail trade | 1,232 | 90 | $33,933 |
| Accommodation and food services | 1,089 | 50 | $20,976 |
| Construction | 454 | 45 | $72,267 |
| Manufacturing | 244 | 24 | $41,284 |
| Administrative and support and waste management services | 237 | 19 | $38,502 |
| Other services, except public administration | 229 | 51 | $32,930 |
| Transportation and warehousing | 210 | 18 | $58,092 |
| Finance and insurance | 135 | 28 | $76,418 |
Retail trade is the largest private sector at 1,232 jobs, 14.1 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Prince Edward County
How many businesses are in Prince Edward County?
- Establishments, all industries496
- Employment at those establishments6,986
- Annual payroll$286.5 m
- Establishments per 1,000 residents22.5
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.
Prince Edward County
Building permits in Prince Edward County
- Housing units authorized by permit, 202465
- Declared construction value permitted$12.7 m
- Single family units authorized60
- Multifamily units authorized5
- Multifamily share of units7.7 percent
- Average declared value per unit$195,403
- Units authorized per 1,000 households8.5
Single-family homes are 92.3 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Prince Edward County
SBA loans in Prince Edward County (7(a) and 504)
- 7(a) approvals recorded9
- 7(a) gross approval dollars$10.3 m
- Average 7(a) approval$1,148,300
- Median 7(a) approval$702,900
- Largest single approval$2,620,000
- Jobs reported supported, 7(a)53
- Jobs per approval5.9
- Distinct 7(a) lenders active9
- Distinct industries receiving approvals6
- Median 7(a) term240 months
- Share of loans on real estate terms, 240 months or longer55.6 percent
- Loans on real estate terms5
- Loans on working capital terms, 120 months or shorter4
- Franchise loans3
- Franchise share of approvals33.3 percent
- Leading industry by approval countHotels (except Casino Hotels) and Motels (3)
- 504 approvals recorded2
- 504 gross approval dollars$263,000
- Average 504 approval$131,500
- Median 504 approval$131,500
- Distinct CDCs active1
- 504 jobs per approval1.0
- 504 jobs per million dollars approved7.6
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$10.6 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.
Prince Edward County
SBA loan default and charge-off rates in Prince Edward County
Do SBA loans in Prince Edward County get paid back?
- Loans with a final outcome recorded4
- Paid in full4
- Charged off0
- Status: Paid in full4
- Status: Exempt from disclosure4
- Status: Cancelled1
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.
Prince Edward County
SBA lending by place in Prince Edward County
- Borrower cities with recorded lending2
- Farmville, approvals8
- Meherrin, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Farmville | 8 | $9,631,800 |
| Meherrin | 1 | $702,900 |
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Prince Edward County
How large is Prince Edward County?
- Land area350 sq mi
- Rank by land area among Virginia counties55th of 133
- Width, east to west25.4 mi
- Height, north to south22 mi
- Geographies sharing a boundary7
- Residents per square mile of land63
- Establishments per square mile1.42
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.
Prince Edward County
Flood risk in Prince Edward County
- Participation of the county's own NFIP community Prince Edward County, unincorporated areasParticipating, community 510239
- 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 Prince Edward 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 Prince Edward County (community 510239), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Prince Edward 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 Prince Edward 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 Prince Edward County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202421,996
- Households7,641
- Average household size2.88
- Median household income$56,315
- Median age32.6
Common questions
Prince Edward County questions, answered from the record.
How many people live in Prince Edward County, Virginia?
The Census Bureau estimates 22,276 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 21,996, in 7,641 households, ranking 77th of 133 Virginia counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Prince Edward County's population growing?
The population has grown 2.02 percent since the 2020 census base of 21,836, to 22,276 on July 1, 2024. In 2024 there were 209 births against 252 deaths, with net migration of 317. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Prince Edward County?
$56,315. The median owner-occupied home is valued at $216,600, which is 3.8 times income, and median gross rent is $931 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Prince Edward County?
496 establishments, employing 6,986 people with an annual payroll of $286.5 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 Prince Edward County?
Retail trade is the largest private sector at 1,232 jobs, 14.1 percent of covered employment. Covered employment averages 8,733 jobs at an average annual pay of $48,770, or $938 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Prince Edward County?
9 7(a) approvals totaling $10.3 m since FY2020, across 9 lenders, with a median approval of $702,900, plus 2 504 approvals worth $263,000 since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Prince Edward County?
65 housing units were authorized by permit in 2024, with a declared construction value of $12.7 m. Multifamily was 7.7 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Prince Edward 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 Prince Edward County come from?
The largest single origin is Cumberland County, with 55 households. Arriving households report an average income of $49,251 against $46,857 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Prince Edward 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 Prince Edward 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.
Prince Edward County
Cities and places in Prince Edward.
3 Census places lie wholly or partly in Prince Edward 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 |
|---|---|---|---|---|
| Farmville | town | 7,774 | 8 | 91.3 percent here, 8.7 percent Cumberland County |
| Hampden-Sydney | CDP | 1,769 | None recorded | Wholly in this county |
| Pamplin City | town | 275 | None recorded | 10.8 percent here, 89.2 percent Appomattox County |
A further 1 of the county's 9 SBA 7(a) approvals are to borrowers in cities that match no Census place in Prince Edward County, the largest being Meherrin (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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