Martin County, Minnesota: commercial real estate data.
Martin County, Minnesota has a population of 19,780 across 712 square miles, down 2.4 percent since the 2020 census base. County output reached $1.43 bn in 2024, 597 establishments operate here, and the SBA record carries 17 7(a) approvals worth $2.5 m.
120 sourced county values · tier FULL · 11 sections
Martin County
How many people live in Martin County
- Population19,780
- Households8,839
- Average household size2.24
- Median household income$59,507
- Median age43.9
- Median gross rent$761 per month
- Median owner-occupied home value$163,500
- Home value to household income2.7 times
- Annual rent as a share of median income15.3 percent
- Adults 25 and over with a bachelor degree or higher23.8 percent
- Adults 25 and over with a graduate degree7.4 percent
- Adults 25 and over14,004
- Population under 184,515
- Share under 1822.8 percent
- Population 65 and over4,866
- Share 65 and over24.6 percent
- Working age population, 18 to 6410,399
- Civilian labor force9,889
- Unemployment rate4.2 percent
- Labor force participation, adults 18 and over64.8 percent
- Rank by population among Minnesota counties49th of 87
- Rank by population among US county-equivalents1899th
Martin County is the 49th 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 65 and over outnumber those under 18, at 24.6 percent against 22.8 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.
Martin County
Is Martin County growing
- Population change since the 2020 census base-2.35 percent
- Census 2020 base population20,031
- Births, 2024219
- Deaths, 2024280
- Natural change, 2024-61
- Net domestic migration, 2024-126
- Net international migration, 202421
- Total net migration, 2024-105
- Cumulative net domestic migration, 2021 to 2024-262
- Rank by growth among US county-equivalents2577th
The county has lost 2.35 percent of its population since the 2020 census base.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Martin County
Where people moving to Martin County come from
- Tax returns filed by households arriving360
- People arriving, from those returns616
- Adjusted gross income arriving$18.3 m
- Net adjusted gross income movement$0
- Average income of an arriving household$50,911
- Largest single originMartin County Non-migrants (8,177 households)
- Largest single destination (8,177 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Martin County Non-migrants | 8,177 | 16,357 | $633.8 m |
| Other flows - Same State | 181 | 295 | $9.5 m |
| Other flows - Different State | 149 | 262 | $7.5 m |
| Other flows - Midwest | 89 | 158 | $4.5 m |
| Other flows - West | 36 | 60 | $2.0 m |
| Faribault County | 30 | 59 | $1.3 m |
| Other flows - South | 24 | 44 | $1.1 m |
The largest single source of arrivals is Martin 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.
Martin County
What the Martin County economy runs on
- County GDP, 2024$1.43 bn
- County GDP, 2023$1.26 bn
- GDP change, 2023 to 202413.6 percent
- GDP change over five years41.5 percent
- Rank by GDP among Minnesota counties43rd
- Rank by GDP among US county-equivalents1556th
- GDP per resident$72,228
Output grew 13.6 percent in the latest year and 41.5 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.
Martin County
Who employs people in Martin County
- Covered employment, annual average8,245
- Establishments reporting705
- Average annual pay$53,706
- Average weekly wage$1,033
- Sector 44-45, employment1,091
- Sector 44-45, average annual pay$32,784
- Sector 31-33, employment920
- Sector 31-33, average annual pay$66,994
- Sector 72, employment776
- Sector 72, average annual pay$17,314
- Sector 42, employment755
- Sector 42, average annual pay$109,833
- Sector 11, employment438
- Sector 52, employment422
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 44-45 | 1,091 | 72 | $32,784 |
| Sector 31-33 | 920 | 34 | $66,994 |
| Sector 72 | 776 | 47 | $17,314 |
| Sector 42 | 755 | 35 | $109,833 |
| Sector 11 | 438 | 62 | $44,669 |
| Sector 52 | 422 | 48 | $80,886 |
| Sector 23 | 267 | 48 | $62,704 |
| Sector 81 | 233 | 58 | $31,476 |
The largest sector is the biggest private employer group at 1,091 jobs, 13.2 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.
Martin County
What businesses operate in Martin County
- Establishments, all industries597
- Employment at those establishments7,402
- Annual payroll$420.5 m
- Establishments per 1,000 residents30.2
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.
Martin County
What is being built in Martin County
- Housing units authorised by permit, 202427
- Declared construction value permitted$8.4 m
- Single family units authorised23
- Multifamily units authorised4
- Multifamily share of units14.8 percent
- Average declared value per unit$309,425
- Units authorised per 1,000 households3.1
Multifamily is 14.8 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Martin County
How much SBA lending happens in Martin County
- 7(a) approvals recorded17
- 7(a) gross approval dollars$2.5 m
- Average 7(a) approval$148,453
- Median 7(a) approval$92,900
- 10th percentile approval$32,800
- 90th percentile approval$500,000
- Largest single approval$622,000
- Jobs reported supported, 7(a)62
- Jobs per approval3.6
- Distinct 7(a) lenders active7
- Distinct industries receiving approvals14
- Median 7(a) term84 months
- Share of loans on real estate terms, 240 months or longer5.9 percent
- Loans on real estate terms1
- Loans on working capital terms, 120 months or shorter13
- Franchise loans1
- Franchise share of approvals5.9 percent
- Leading industry by approval countHog and Pig Farming (2)
- Most active lenderWelcome State Bank (10)
- 504 approvals recorded14
- 504 gross approval dollars$10.0 m
- Average 504 approval$714,857
- Median 504 approval$536,000
- Distinct CDCs active5
- 504 jobs per approval6.6
- 504 jobs per million dollars approved9.2
- Most active CDCMidwest Business Finance Corporation (8)
- 7(a) share of SBA approvals54.8 percent
- Combined SBA approval dollars$12.5 m
The average approval of $148,453 sits well above the median of $92,900, 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 5.9 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.
Martin County
Do SBA loans in Martin County get paid back
- Loans with a final outcome recorded6
- Paid in full6
- Charged off0
- Status: Exempt from disclosure10
- Status: Paid in full6
- Status: Committed, not yet disbursed1
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.
Martin County
Which parts of Martin County get the lending
- Places in the county with recorded lending7
- WELCOME, approvals5
- SHERBURN, approvals3
- FAIRMONT, approvals3
- TRUMAN, approvals3
- Trimont, approvals1
- Granada, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| WELCOME | 5 | $650,800 |
| SHERBURN | 3 | $174,200 |
| FAIRMONT | 3 | $1,272,000 |
| TRUMAN | 3 | $263,700 |
| Trimont | 1 | $85,000 |
| Granada | 1 | $28,000 |
| CEYLON | 1 | $50,000 |
WELCOME accounts for 5 approvals against 3 in SHERBURN. 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.
Martin County
How big is Martin County
- Land area712 sq mi
- Rank by land area among Minnesota counties38th of 87
- Width, east to west30.4 mi
- Height, north to south24 mi
- Geographies sharing a boundary4
- Residents per square mile of land28
- Establishments per square mile0.84
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 Martin 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 Martin County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population19,780
- Households8,839
- Average household size2.24
- Median household income$59,507
- Median age43.9
Common questions
Martin County questions, answered from the record.
How many people live in Martin County, Minnesota?
19,780, in 8,839 households, ranking 49th of 87 Minnesota counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Martin County growing?
The population has fallen 2.35 percent since the 2020 census base. In 2024 there were 219 births against 280 deaths, with net migration of -105. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Martin County?
$59,507. The median owner-occupied home is valued at $163,500, which is 2.7 times income, and median gross rent is $761 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Martin County?
597 establishments, employing 7,402 people with an annual payroll of $420.5 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 Martin County?
Average annual pay is $53,706, or $1,033 a week, across 8,245 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Martin County?
17 7(a) approvals totalling $2.5 m since FY2020, across 7 lenders, with a median approval of $92,900, plus 14 504 approvals worth $10.0 m. These are approvals recorded in the release, not loans disbursed.
What is being built in Martin County?
27 housing units were authorised by permit in 2024, with a declared construction value of $8.4 m. Multifamily was 14.8 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Martin 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 Martin County come from?
The largest single origin is Martin County Non-migrants, with 8,177 households. Arriving households report an average income of $50,911 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 Martin 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 Martin 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.