Hubbard County, Minnesota: commercial real estate data.
Hubbard County, Minnesota has a population of 21,831 across 926 square miles, up 3.3 percent since the 2020 census base. County output reached $968.2 m in 2024, 630 establishments operate here, and the SBA record carries 64 7(a) approvals worth $12.3 m.
123 sourced county values · tier FULL · 11 sections
Hubbard County
How many people live in Hubbard County
- Population21,831
- Households8,964
- Average household size2.44
- Median household income$71,995
- Median age48.6
- Median gross rent$905 per month
- Median owner-occupied home value$282,600
- Home value to household income3.9 times
- Annual rent as a share of median income15.1 percent
- Adults 25 and over with a bachelor degree or higher30.6 percent
- Adults 25 and over with a graduate degree10.3 percent
- Adults 25 and over15,959
- Population under 184,528
- Share under 1820.7 percent
- Population 65 and over5,859
- Share 65 and over26.8 percent
- Working age population, 18 to 6411,444
- Civilian labor force10,279
- Unemployment rate4.4 percent
- Labor force participation, adults 18 and over59.4 percent
- Rank by population among Minnesota counties45th of 87
- Rank by population among US county-equivalents1782nd
Hubbard County is the 45th largest of 87 Minnesota counties by population. A median home costs 3.9 times median household income, which is an affordable ownership market by national standards. Residents 65 and over outnumber those under 18, at 26.8 percent against 20.7 percent, which points demand at health care, services and single storey product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Hubbard County
Is Hubbard County growing
- Population change since the 2020 census base3.31 percent
- Census 2020 base population21,343
- Births, 2024163
- Deaths, 2024241
- Natural change, 2024-78
- Net domestic migration, 202478
- Net international migration, 20246
- Total net migration, 202484
- Cumulative net domestic migration, 2021 to 2024871
- Rank by growth among US county-equivalents808th
The county has grown 3.31 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.
Hubbard County
Where people moving to Hubbard County come from
- Tax returns filed by households arriving689
- People arriving, from those returns1,254
- Adjusted gross income arriving$49.3 m
- Net adjusted gross income movement$0
- Average income of an arriving household$71,581
- Largest single originHubbard County Non-migrants (8,159 households)
- Largest single destination (8,159 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Hubbard County Non-migrants | 8,159 | 16,937 | $604.7 m |
| Other flows - Same State | 215 | 393 | $16.3 m |
| Other flows - Different State | 163 | 301 | $12.3 m |
| Beltrami County | 117 | 218 | $5.8 m |
| Other flows - West | 74 | 143 | $5.5 m |
| Other flows - Midwest | 57 | 105 | $4.9 m |
| Hennepin County | 47 | 80 | $5.1 m |
| Cass County | 45 | 76 | $2.9 m |
The largest single source of arrivals is Hubbard 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.
Hubbard County
What the Hubbard County economy runs on
- County GDP, 2024$968.2 m
- County GDP, 2023$974.5 m
- GDP change, 2023 to 2024-0.6 percent
- GDP change over five years13.5 percent
- Rank by GDP among Minnesota counties55th
- Rank by GDP among US county-equivalents1869th
- GDP per resident$44,349
Output grew -0.6 percent in the latest year and 13.5 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.
Hubbard County
Who employs people in Hubbard County
- Covered employment, annual average6,263
- Establishments reporting684
- Average annual pay$46,510
- Average weekly wage$894
- Sector 44-45, employment1,066
- Sector 44-45, average annual pay$30,923
- Sector 62, employment767
- Sector 62, average annual pay$54,727
- Sector 31-33, employment754
- Sector 31-33, average annual pay$64,921
- Sector 72, employment748
- Sector 72, average annual pay$18,869
- Sector 23, employment505
- Sector 48-49, employment183
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 44-45 | 1,066 | 104 | $30,923 |
| Sector 62 | 767 | 56 | $54,727 |
| Sector 31-33 | 754 | 28 | $64,921 |
| Sector 72 | 748 | 88 | $18,869 |
| Sector 23 | 505 | 118 | $55,170 |
| Sector 48-49 | 183 | 20 | $60,072 |
| Sector 81 | 182 | 59 | $32,015 |
| Sector 56 | 132 | 28 | $40,292 |
The largest sector is the biggest private employer group at 1,066 jobs, 17.0 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.
Hubbard County
What businesses operate in Hubbard County
- Establishments, all industries630
- Employment at those establishments4,685
- Annual payroll$226.9 m
- Establishments per 1,000 residents28.9
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.
Hubbard County
What is being built in Hubbard County
- Housing units authorised by permit, 202425
- Declared construction value permitted$7.0 m
- Single family units authorised23
- Multifamily units authorised2
- Multifamily share of units8.0 percent
- Average declared value per unit$280,218
- Units authorised per 1,000 households2.8
Multifamily is 8.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Hubbard County
How much SBA lending happens in Hubbard County
- 7(a) approvals recorded64
- 7(a) gross approval dollars$12.3 m
- Average 7(a) approval$191,695
- Median 7(a) approval$100,000
- 10th percentile approval$17,200
- 90th percentile approval$380,000
- Largest single approval$1,612,800
- Jobs reported supported, 7(a)278
- Jobs per approval4.3
- Distinct 7(a) lenders active14
- Distinct industries receiving approvals40
- Median 7(a) term84 months
- Share of loans on real estate terms, 240 months or longer12.5 percent
- Loans on real estate terms8
- Loans on working capital terms, 120 months or shorter53
- Franchise loans2
- Franchise share of approvals3.1 percent
- Leading industry by approval countBeef Cattle Ranching and Farming (5)
- Most active lenderSecurity Bank USA (21)
- 504 approvals recorded24
- 504 gross approval dollars$7.7 m
- Average 504 approval$319,958
- Median 504 approval$249,000
- Distinct CDCs active4
- 504 jobs per approval3.9
- 504 jobs per million dollars approved12.2
- Most active CDCMidwest Business Finance Corporation (19)
- 7(a) share of SBA approvals72.7 percent
- Combined SBA approval dollars$19.9 m
The average approval of $191,695 sits well above the median of $100,000, 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 12.5 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.
Hubbard County
Do SBA loans in Hubbard County get paid back
- Loans with a final outcome recorded30
- Paid in full29
- Charged off1
- Charge off rate on resolved loans3.3 percent
- Status: Paid in full29
- Status: Exempt from disclosure29
- Status: Cancelled4
- Status: Charged off1
- Status: Committed, not yet disbursed1
Of the 30 loans that have reached a final outcome, 3.3 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Hubbard County
Which parts of Hubbard County get the lending
- Places in the county with recorded lending6
- PARK RAPIDS, approvals27
- LAPORTE, approvals13
- BEMIDJI, approvals10
- NEVIS, approvals7
- SOLWAY, approvals5
- MENAHGA, approvals2
| Place | Approvals | Gross approval dollars |
|---|---|---|
| PARK RAPIDS | 27 | $7,841,100 |
| LAPORTE | 13 | $2,248,500 |
| BEMIDJI | 10 | $656,800 |
| NEVIS | 7 | $739,600 |
| SOLWAY | 5 | $412,500 |
| MENAHGA | 2 | $370,000 |
PARK RAPIDS accounts for 27 approvals against 13 in LAPORTE. 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.
Hubbard County
How big is Hubbard County
- Land area926 sq mi
- Rank by land area among Minnesota counties24th of 87
- Width, east to west24.6 mi
- Height, north to south42.1 mi
- Geographies sharing a boundary5
- Residents per square mile of land24
- Establishments per square mile0.68
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 Hubbard 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 Hubbard County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population21,831
- Households8,964
- Average household size2.44
- Median household income$71,995
- Median age48.6
Common questions
Hubbard County questions, answered from the record.
How many people live in Hubbard County, Minnesota?
21,831, in 8,964 households, ranking 45th of 87 Minnesota counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Hubbard County growing?
The population has grown 3.31 percent since the 2020 census base. In 2024 there were 163 births against 241 deaths, with net migration of 84. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Hubbard County?
$71,995. The median owner-occupied home is valued at $282,600, which is 3.9 times income, and median gross rent is $905 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Hubbard County?
630 establishments, employing 4,685 people with an annual payroll of $226.9 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 Hubbard County?
Average annual pay is $46,510, or $894 a week, across 6,263 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Hubbard County?
64 7(a) approvals totalling $12.3 m since FY2020, across 14 lenders, with a median approval of $100,000, plus 24 504 approvals worth $7.7 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Hubbard County get paid back?
Of the 30 loans that have reached a final outcome, 29 were paid in full and 1 charged off, a charge off rate of 3.3 percent. Loans still running are excluded, because they have not yet succeeded or failed.
What is being built in Hubbard County?
25 housing units were authorised by permit in 2024, with a declared construction value of $7.0 m. Multifamily was 8.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Hubbard 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 Hubbard County come from?
The largest single origin is Hubbard County Non-migrants, with 8,159 households. Arriving households report an average income of $71,581 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 Hubbard 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 Hubbard 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.