Lyon County, Minnesota: commercial real estate data.
Lyon County, Minnesota has a population of 25,503 across 715 square miles, up 0.2 percent since the 2020 census base. County output reached $2.10 bn in 2024, 814 establishments operate here, and the SBA record carries 18 7(a) approvals worth $9.1 m.
119 sourced county values · tier FULL · 11 sections
Lyon County
How many people live in Lyon County
- Population25,503
- Households10,108
- Average household size2.52
- Median household income$75,303
- Median age37.4
- Median gross rent$781 per month
- Median owner-occupied home value$200,700
- Home value to household income2.7 times
- Annual rent as a share of median income12.4 percent
- Adults 25 and over with a bachelor degree or higher31.1 percent
- Adults 25 and over with a graduate degree9.1 percent
- Adults 25 and over16,509
- Population under 186,632
- Share under 1826.0 percent
- Population 65 and over4,482
- Share 65 and over17.6 percent
- Working age population, 18 to 6414,389
- Civilian labor force13,169
- Unemployment rate3.2 percent
- Labor force participation, adults 18 and over69.8 percent
- Rank by population among Minnesota counties42nd of 87
- Rank by population among US county-equivalents1638th
Lyon County is the 42nd largest of 87 Minnesota counties by population. A median home costs 2.7 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 26.0 percent against 17.6 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Lyon County
Is Lyon County growing
- Population change since the 2020 census base0.22 percent
- Census 2020 base population25,521
- Births, 2024268
- Deaths, 2024251
- Natural change, 202417
- Net domestic migration, 2024-93
- Net international migration, 2024148
- Total net migration, 202455
- Cumulative net domestic migration, 2021 to 2024-613
- Rank by growth among US county-equivalents1742nd
The county has grown 0.22 percent since the 2020 census base. Migration contributed more to 2024 change than births over deaths, so demand here follows people arriving rather than families forming.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Lyon County
Where people moving to Lyon County come from
- Tax returns filed by households arriving567
- People arriving, from those returns1,006
- Adjusted gross income arriving$27.2 m
- Net adjusted gross income movement$0
- Average income of an arriving household$47,981
- Largest single originLyon County Non-migrants (9,461 households)
- Largest single destination (9,461 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Lyon County Non-migrants | 9,461 | 20,160 | $785.1 m |
| Other flows - Different State | 224 | 389 | $12.5 m |
| Other flows - Same State | 200 | 351 | $8.9 m |
| Other flows - Midwest | 127 | 230 | $6.2 m |
| Other flows - West | 53 | 87 | $4.3 m |
| Yellow Medicine County | 44 | 71 | $1.8 m |
| Other flows - South | 44 | 72 | $2.0 m |
| Redwood County | 38 | 72 | $1.5 m |
The largest single source of arrivals is Lyon 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.
Lyon County
What the Lyon County economy runs on
- County GDP, 2024$2.10 bn
- County GDP, 2023$1.99 bn
- GDP change, 2023 to 20245.4 percent
- GDP change over five years34.1 percent
- Rank by GDP among Minnesota counties30th
- Rank by GDP among US county-equivalents1237th
- GDP per resident$82,342
Output grew 5.4 percent in the latest year and 34.1 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.
Lyon County
Who employs people in Lyon County
- Covered employment, annual average13,763
- Establishments reporting859
- Average annual pay$52,859
- Average weekly wage$1,017
- Sector 44-45, employment1,767
- Sector 44-45, average annual pay$32,959
- Sector 31-33, employment1,756
- Sector 31-33, average annual pay$61,892
- Sector 52, employment969
- Sector 52, average annual pay$78,448
- Sector 72, employment948
- Sector 72, average annual pay$19,444
- Sector 42, employment592
- Sector 55, employment488
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 44-45 | 1,767 | 112 | $32,959 |
| Sector 31-33 | 1,756 | 41 | $61,892 |
| Sector 52 | 969 | 47 | $78,448 |
| Sector 72 | 948 | 62 | $19,444 |
| Sector 42 | 592 | 42 | $76,977 |
| Sector 55 | 488 | 6 | $66,258 |
| Sector 23 | 456 | 101 | $67,884 |
| Sector 56 | 362 | 34 | $42,742 |
The largest sector is the biggest private employer group at 1,767 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.
Lyon County
What businesses operate in Lyon County
- Establishments, all industries814
- Employment at those establishments12,732
- Annual payroll$662.7 m
- Establishments per 1,000 residents31.9
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.
Lyon County
What is being built in Lyon County
- Housing units authorised by permit, 202492
- Declared construction value permitted$13.6 m
- Single family units authorised20
- Multifamily units authorised72
- Multifamily share of units78.3 percent
- Average declared value per unit$148,215
- Units authorised per 1,000 households9.1
Multifamily is 78.3 percent of units authorised, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Lyon County
How much SBA lending happens in Lyon County
- 7(a) approvals recorded18
- 7(a) gross approval dollars$9.1 m
- Average 7(a) approval$505,244
- Median 7(a) approval$300,000
- 10th percentile approval$25,000
- 90th percentile approval$1,267,600
- Largest single approval$2,499,500
- Jobs reported supported, 7(a)129
- Jobs per approval7.2
- Distinct 7(a) lenders active6
- Distinct industries receiving approvals11
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer22.2 percent
- Loans on real estate terms4
- Loans on working capital terms, 120 months or shorter13
- Franchise loans0
- Franchise share of approvals0.0 percent
- Leading industry by approval countOther Direct Selling Establishments (3)
- Most active lenderOld National Bank (8)
- 504 approvals recorded25
- 504 gross approval dollars$14.7 m
- Average 504 approval$589,600
- Median 504 approval$365,000
- Distinct CDCs active5
- 504 jobs per approval8.1
- 504 jobs per million dollars approved13.8
- Most active CDCMidwest Business Finance Corporation (20)
- 7(a) share of SBA approvals41.9 percent
- Combined SBA approval dollars$23.8 m
The average approval of $505,244 sits well above the median of $300,000, 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 22.2 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.
Lyon County
Do SBA loans in Lyon County get paid back
- Loans with a final outcome recorded6
- Paid in full6
- Charged off0
- Status: Paid in full6
- Status: Exempt from disclosure12
Too few loans have reached a final outcome to publish a charge off rate. only 6 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.
Lyon County
Which parts of Lyon County get the lending
- Places in the county with recorded lending6
- MARSHALL, approvals9
- TRACY, approvals5
- Lynd, approvals1
- BALATON, approvals1
- MANKATO, approvals1
- Minneota, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| MARSHALL | 9 | $5,277,700 |
| TRACY | 5 | $1,547,600 |
| Lynd | 1 | $85,000 |
| BALATON | 1 | $431,000 |
| MANKATO | 1 | $503,100 |
| Minneota | 1 | $1,250,000 |
MARSHALL accounts for 9 approvals against 5 in TRACY. 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.
Lyon County
How big is Lyon County
- Land area715 sq mi
- Rank by land area among Minnesota counties36th of 87
- Width, east to west24.7 mi
- Height, north to south30 mi
- Geographies sharing a boundary5
- Residents per square mile of land36
- Establishments per square mile1.14
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 Lyon 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 Lyon County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population25,503
- Households10,108
- Average household size2.52
- Median household income$75,303
- Median age37.4
Common questions
Lyon County questions, answered from the record.
How many people live in Lyon County, Minnesota?
25,503, in 10,108 households, ranking 42nd of 87 Minnesota counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Lyon County growing?
The population has grown 0.22 percent since the 2020 census base. In 2024 there were 268 births against 251 deaths, with net migration of 55. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Lyon County?
$75,303. The median owner-occupied home is valued at $200,700, which is 2.7 times income, and median gross rent is $781 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Lyon County?
814 establishments, employing 12,732 people with an annual payroll of $662.7 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 Lyon County?
Average annual pay is $52,859, or $1,017 a week, across 13,763 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Lyon County?
18 7(a) approvals totalling $9.1 m since FY2020, across 6 lenders, with a median approval of $300,000, plus 25 504 approvals worth $14.7 m. These are approvals recorded in the release, not loans disbursed.
What is being built in Lyon County?
92 housing units were authorised by permit in 2024, with a declared construction value of $13.6 m. Multifamily was 78.3 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Lyon 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 Lyon County come from?
The largest single origin is Lyon County Non-migrants, with 9,461 households. Arriving households report an average income of $47,981 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 Lyon 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 Lyon 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.