Fillmore County, Minnesota: commercial real estate data.
Fillmore County, Minnesota has a population of 21,414 across 861 square miles, up 1.2 percent since the 2020 census base. County output reached $877.0 m in 2024, 577 establishments operate here, and the SBA record carries 25 7(a) approvals worth $6.3 m.
121 sourced county values · tier FULL · 11 sections
Fillmore County
How many people live in Fillmore County
- Population21,414
- Households8,723
- Average household size2.45
- Median household income$77,512
- Median age42.3
- Median gross rent$797 per month
- Median owner-occupied home value$221,100
- Home value to household income2.9 times
- Annual rent as a share of median income12.3 percent
- Adults 25 and over with a bachelor degree or higher24.1 percent
- Adults 25 and over with a graduate degree7.6 percent
- Adults 25 and over14,744
- Population under 185,231
- Share under 1824.4 percent
- Population 65 and over4,746
- Share 65 and over22.2 percent
- Working age population, 18 to 6411,437
- Civilian labor force11,232
- Unemployment rate2.7 percent
- Labor force participation, adults 18 and over69.4 percent
- Rank by population among Minnesota counties47th of 87
- Rank by population among US county-equivalents1797th
Fillmore County is the 47th largest of 87 Minnesota counties by population. A median home costs 2.9 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 24.4 percent against 22.2 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Fillmore County
Is Fillmore County growing
- Population change since the 2020 census base1.24 percent
- Census 2020 base population21,239
- Births, 2024226
- Deaths, 2024275
- Natural change, 2024-49
- Net domestic migration, 202426
- Net international migration, 202415
- Total net migration, 202441
- Cumulative net domestic migration, 2021 to 2024284
- Rank by growth among US county-equivalents1405th
The county has grown 1.24 percent since the 2020 census base. Deaths exceeded births in 2024, so all of the growth came from people moving in. A market held up by migration alone 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.
Fillmore County
Where people moving to Fillmore County come from
- Tax returns filed by households arriving464
- People arriving, from those returns848
- Adjusted gross income arriving$29.0 m
- Net adjusted gross income movement$0
- Average income of an arriving household$62,440
- Largest single originFillmore County Non-migrants (8,303 households)
- Largest single destination (8,303 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Fillmore County Non-migrants | 8,303 | 17,607 | $656.7 m |
| Olmsted County | 154 | 271 | $9.7 m |
| Other flows - Different State | 117 | 212 | $7.1 m |
| Other flows - Same State | 92 | 166 | $7.2 m |
| Other flows - Midwest | 91 | 173 | $5.5 m |
| Winona County | 52 | 107 | $3.0 m |
| Mower County | 26 | 48 | $1.2 m |
| Other flows - West | 26 | 39 | $1.6 m |
The largest single source of arrivals is Fillmore County Non-migrants, 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.
Fillmore County
What the Fillmore County economy runs on
- County GDP, 2024$877.0 m
- County GDP, 2023$914.2 m
- GDP change, 2023 to 2024-4.1 percent
- GDP change over five years27.0 percent
- Rank by GDP among Minnesota counties57th
- Rank by GDP among US county-equivalents1953rd
- GDP per resident$40,957
Output grew -4.1 percent in the latest year and 27.0 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.
Fillmore County
Who employs people in Fillmore County
- Covered employment, annual average6,235
- Establishments reporting802
- Average annual pay$44,287
- Average weekly wage$852
- Sector 31-33, employment800
- Sector 31-33, average annual pay$58,348
- Sector 44-45, employment674
- Sector 44-45, average annual pay$35,251
- Sector 72, employment513
- Sector 72, average annual pay$17,759
- Sector 42, employment319
- Sector 42, average annual pay$65,863
- Sector 23, employment274
- Sector 52, employment189
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 31-33 | 800 | 52 | $58,348 |
| Sector 44-45 | 674 | 85 | $35,251 |
| Sector 72 | 513 | 65 | $17,759 |
| Sector 42 | 319 | 27 | $65,863 |
| Sector 23 | 274 | 86 | $57,915 |
| Sector 52 | 189 | 34 | $71,777 |
| Sector 81 | 161 | 54 | $30,641 |
| Sector 54 | 129 | 30 | $52,287 |
The largest sector is the biggest private employer group at 800 jobs, 12.8 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Fillmore County
What businesses operate in Fillmore County
- Establishments, all industries577
- Employment at those establishments4,608
- Annual payroll$207.1 m
- Establishments per 1,000 residents26.9
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against.
US Census Bureau, County Business Patterns, 2023.
Fillmore County
What is being built in Fillmore County
- Housing units authorised by permit, 202468
- Declared construction value permitted$13.7 m
- Single family units authorised66
- Multifamily units authorised2
- Multifamily share of units2.9 percent
- Average declared value per unit$201,624
- Units authorised per 1,000 households7.8
Multifamily is 2.9 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Fillmore County
How much SBA lending happens in Fillmore County
- 7(a) approvals recorded25
- 7(a) gross approval dollars$6.3 m
- Average 7(a) approval$253,292
- Median 7(a) approval$71,500
- 10th percentile approval$25,000
- 90th percentile approval$1,034,500
- Largest single approval$1,440,000
- Jobs reported supported, 7(a)117
- Jobs per approval4.7
- Distinct 7(a) lenders active11
- Distinct industries receiving approvals16
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer28.0 percent
- Loans on real estate terms7
- Loans on working capital terms, 120 months or shorter18
- Franchise loans1
- Franchise share of approvals4.0 percent
- Leading industry by approval countGeneral Automotive Repair (4)
- Most active lenderFirst National Bank (12)
- 504 approvals recorded17
- 504 gross approval dollars$6.1 m
- Average 504 approval$360,824
- Median 504 approval$280,000
- Distinct CDCs active5
- 504 jobs per approval3.1
- 504 jobs per million dollars approved8.6
- Most active CDCSoutheastern Minnesota 504 Development Corporation (11)
- 7(a) share of SBA approvals59.5 percent
- Combined SBA approval dollars$12.5 m
The average approval of $253,292 sits well above the median of $71,500, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually gets. Only 28.0 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
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.
Fillmore County
Do SBA loans in Fillmore County get paid back
- Loans with a final outcome recorded8
- Paid in full7
- Charged off1
- Status: Paid in full7
- Status: Exempt from disclosure16
- Status: Charged off1
- Status: Cancelled1
Too few loans have reached a final outcome to publish a charge off rate. only 8 resolved loans, too few to publish a rate. A rate computed on a handful of loans is noise, so none is shown.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Fillmore County
Which parts of Fillmore County get the lending
- Places in the county with recorded lending6
- Spring Valley, approvals10
- PRESTON, approvals5
- FOUNTAIN, approvals4
- CHATFIELD, approvals3
- Lanesboro, approvals2
- RUSHFORD, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| Spring Valley | 10 | $2,075,100 |
| PRESTON | 5 | $661,000 |
| FOUNTAIN | 4 | $207,400 |
| CHATFIELD | 3 | $2,624,500 |
| Lanesboro | 2 | $743,500 |
| RUSHFORD | 1 | $20,800 |
Spring Valley accounts for 10 approvals against 5 in PRESTON. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Fillmore County
How big is Fillmore County
- Land area861 sq mi
- Rank by land area among Minnesota counties28th of 87
- Width, east to west36 mi
- Height, north to south24 mi
- Geographies sharing a boundary4
- Residents per square mile of land25
- Establishments per square mile0.67
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.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- No NFIP communities are listed for this county in the FEMA Community Status Book.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
Feasibility studies
When a Fillmore 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 Fillmore County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population21,414
- Households8,723
- Average household size2.45
- Median household income$77,512
- Median age42.3
Common questions
Fillmore County questions, answered from the record.
How many people live in Fillmore County, Minnesota?
21,414, in 8,723 households, ranking 47th of 87 Minnesota counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Fillmore County growing?
The population has grown 1.24 percent since the 2020 census base. In 2024 there were 226 births against 275 deaths, with net migration of 41. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Fillmore County?
$77,512. The median owner-occupied home is valued at $221,100, which is 2.9 times income, and median gross rent is $797 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Fillmore County?
577 establishments, employing 4,608 people with an annual payroll of $207.1 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Fillmore County?
Average annual pay is $44,287, or $852 a week, across 6,235 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Fillmore County?
25 7(a) approvals totalling $6.3 m since FY2020, across 11 lenders, with a median approval of $71,500, plus 17 504 approvals worth $6.1 m. These are approvals recorded in the release, not loans disbursed.
What is being built in Fillmore County?
68 housing units were authorised by permit in 2024, with a declared construction value of $13.7 m. Multifamily was 2.9 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Fillmore 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 Fillmore County come from?
The largest single origin is Fillmore County Non-migrants, with 8,303 households. Arriving households report an average income of $62,440 against null for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Fillmore 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 Fillmore County?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.