Itasca County, Minnesota: commercial real estate data.
Itasca County, Minnesota has a population of 45,275 across 2,668 square miles, up 0.9 percent since the 2020 census base. County output reached $2.58 bn in 2024, 1,175 establishments operate here, and the SBA record carries 53 7(a) approvals worth $18.3 m.
122 sourced county values · tier FULL · 11 sections
Itasca County
How many people live in Itasca County
- Population45,275
- Households18,541
- Average household size2.44
- Median household income$68,603
- Median age46.9
- Median gross rent$988 per month
- Median owner-occupied home value$225,200
- Home value to household income3.3 times
- Annual rent as a share of median income17.3 percent
- Adults 25 and over with a bachelor degree or higher25.9 percent
- Adults 25 and over with a graduate degree9.3 percent
- Adults 25 and over33,202
- Population under 189,125
- Share under 1820.2 percent
- Population 65 and over11,666
- Share 65 and over25.8 percent
- Working age population, 18 to 6424,484
- Civilian labor force20,588
- Unemployment rate5.9 percent
- Labor force participation, adults 18 and over57.0 percent
- Rank by population among Minnesota counties22nd of 87
- Rank by population among US county-equivalents1095th
Itasca County is the 22nd largest of 87 Minnesota counties by population. A median home costs 3.3 times median household income, which is an affordable ownership market by national standards. Residents 65 and over outnumber those under 18, at 25.8 percent against 20.2 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.
Itasca County
Is Itasca County growing
- Population change since the 2020 census base0.93 percent
- Census 2020 base population45,022
- Births, 2024404
- Deaths, 2024579
- Natural change, 2024-175
- Net domestic migration, 202489
- Net international migration, 202413
- Total net migration, 2024102
- Cumulative net domestic migration, 2021 to 20241,230
- Rank by growth among US county-equivalents1503rd
The county has grown 0.93 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.
Itasca County
Where people moving to Itasca County come from
- Tax returns filed by households arriving955
- People arriving, from those returns1,721
- Adjusted gross income arriving$67.2 m
- Net adjusted gross income movement$0
- Average income of an arriving household$70,353
- Largest single originItasca County Non-migrants (17,426 households)
- Largest single destination (17,426 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Itasca County Non-migrants | 17,426 | 35,320 | $1.34 bn |
| Other flows - Different State | 262 | 518 | $17.7 m |
| Other flows - Same State | 247 | 404 | $16.1 m |
| St. Louis County | 188 | 334 | $12.6 m |
| Other flows - Midwest | 102 | 203 | $6.9 m |
| Other flows - West | 87 | 157 | $6.3 m |
| Hennepin County | 74 | 124 | $7.7 m |
| Other flows - South | 73 | 158 | $4.5 m |
The largest single source of arrivals is Itasca 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.
Itasca County
What the Itasca County economy runs on
- County GDP, 2024$2.58 bn
- County GDP, 2023$2.79 bn
- GDP change, 2023 to 2024-7.5 percent
- GDP change over five years24.2 percent
- Rank by GDP among Minnesota counties25th
- Rank by GDP among US county-equivalents1086th
- GDP per resident$56,960
Output grew -7.5 percent in the latest year and 24.2 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.
Itasca County
Who employs people in Itasca County
- Covered employment, annual average16,608
- Establishments reporting1,352
- Average annual pay$54,071
- Average weekly wage$1,040
- Sector 62, employment3,961
- Sector 62, average annual pay$50,307
- Sector 44-45, employment2,291
- Sector 44-45, average annual pay$36,508
- Sector 72, employment1,340
- Sector 72, average annual pay$21,126
- Sector 23, employment995
- Sector 23, average annual pay$79,601
- Sector 31-33, employment907
- Sector 56, employment682
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 62 | 3,961 | 196 | $50,307 |
| Sector 44-45 | 2,291 | 170 | $36,508 |
| Sector 72 | 1,340 | 114 | $21,126 |
| Sector 23 | 995 | 167 | $79,601 |
| Sector 31-33 | 907 | 52 | $67,952 |
| Sector 56 | 682 | 48 | $39,949 |
| Sector 81 | 638 | 126 | $29,779 |
| Sector 52 | 455 | 66 | $74,726 |
The largest sector is the biggest private employer group at 3,961 jobs, 23.8 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.
Itasca County
What businesses operate in Itasca County
- Establishments, all industries1,175
- Employment at those establishments13,380
- Annual payroll$691.3 m
- Establishments per 1,000 residents26.0
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.
Itasca County
What is being built in Itasca County
- Housing units authorised by permit, 2024124
- Declared construction value permitted$43.6 m
- Single family units authorised124
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$351,705
- Units authorised per 1,000 households6.7
Multifamily is 0.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Itasca County
How much SBA lending happens in Itasca County
- 7(a) approvals recorded53
- 7(a) gross approval dollars$18.3 m
- Average 7(a) approval$345,623
- Median 7(a) approval$85,000
- 10th percentile approval$25,000
- 90th percentile approval$932,400
- Largest single approval$3,000,000
- Jobs reported supported, 7(a)909
- Jobs per approval17.2
- Distinct 7(a) lenders active15
- Distinct industries receiving approvals41
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer18.9 percent
- Loans on real estate terms10
- Loans on working capital terms, 120 months or shorter42
- Franchise loans1
- Franchise share of approvals1.9 percent
- Leading industry by approval countBeauty Salons (3)
- Most active lenderMembers Cooperative Credit Union (11)
- 504 approvals recorded38
- 504 gross approval dollars$17.2 m
- Average 504 approval$453,289
- Median 504 approval$337,000
- Distinct CDCs active5
- 504 jobs per approval5.7
- 504 jobs per million dollars approved12.6
- Most active CDCMidwest Business Finance Corporation (30)
- 7(a) share of SBA approvals58.2 percent
- Combined SBA approval dollars$35.5 m
The average approval of $345,623 sits well above the median of $85,000, 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 18.9 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.
Itasca County
Do SBA loans in Itasca County get paid back
- Loans with a final outcome recorded24
- Paid in full24
- Charged off0
- Charge off rate on resolved loans0.0 percent
- Status: Cancelled5
- Status: Paid in full24
- Status: Exempt from disclosure23
- Status: Committed, not yet disbursed1
Of the 24 loans that have reached a final outcome, 0.0 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.
Itasca County
Which parts of Itasca County get the lending
- Places in the county with recorded lending8
- GRAND RAPIDS, approvals35
- DEER RIVER, approvals5
- BOVEY, approvals5
- Coleraine, approvals4
- MARCELL, approvals1
- COHASSET, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| GRAND RAPIDS | 35 | $16,389,300 |
| DEER RIVER | 5 | $275,000 |
| BOVEY | 5 | $563,900 |
| Coleraine | 4 | $615,300 |
| MARCELL | 1 | $80,000 |
| COHASSET | 1 | $25,000 |
| Nashwauk | 1 | $342,600 |
| Cook | 1 | $26,900 |
GRAND RAPIDS accounts for 35 approvals against 5 in DEER RIVER. 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.
Itasca County
How big is Itasca County
- Land area2,668 sq mi
- Rank by land area among Minnesota counties3rd of 87
- Width, east to west63.7 mi
- Height, north to south60.3 mi
- Geographies sharing a boundary5
- Residents per square mile of land17
- Establishments per square mile0.44
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 Itasca 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 Itasca County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population45,275
- Households18,541
- Average household size2.44
- Median household income$68,603
- Median age46.9
Common questions
Itasca County questions, answered from the record.
How many people live in Itasca County, Minnesota?
45,275, in 18,541 households, ranking 22nd of 87 Minnesota counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Itasca County growing?
The population has grown 0.93 percent since the 2020 census base. In 2024 there were 404 births against 579 deaths, with net migration of 102. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Itasca County?
$68,603. The median owner-occupied home is valued at $225,200, which is 3.3 times income, and median gross rent is $988 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Itasca County?
1,175 establishments, employing 13,380 people with an annual payroll of $691.3 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 Itasca County?
Average annual pay is $54,071, or $1,040 a week, across 16,608 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Itasca County?
53 7(a) approvals totalling $18.3 m since FY2020, across 15 lenders, with a median approval of $85,000, plus 38 504 approvals worth $17.2 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Itasca County get paid back?
Of the 24 loans that have reached a final outcome, 24 were paid in full and 0 charged off, a charge off rate of 0.0 percent. Loans still running are excluded, because they have not yet succeeded or failed.
What is being built in Itasca County?
124 housing units were authorised by permit in 2024, with a declared construction value of $43.6 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Itasca 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 Itasca County come from?
The largest single origin is Itasca County Non-migrants, with 17,426 households. Arriving households report an average income of $70,353 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 Itasca 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 Itasca 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.