Morrison County, Minnesota: commercial real estate data.
Morrison County, Minnesota has a population of 34,249 across 1,125 square miles, up 1.5 percent since the 2020 census base. County output reached $1.50 bn in 2024, 933 establishments operate here, and the SBA record carries 38 7(a) approvals worth $13.1 m.
121 sourced county values · tier FULL · 11 sections
Morrison County
How many people live in Morrison County
- Population34,249
- Households14,084
- Average household size2.43
- Median household income$69,446
- Median age42.5
- Median gross rent$788 per month
- Median owner-occupied home value$248,500
- Home value to household income3.6 times
- Annual rent as a share of median income13.6 percent
- Adults 25 and over with a bachelor degree or higher18.9 percent
- Adults 25 and over with a graduate degree5.9 percent
- Adults 25 and over24,006
- Population under 187,871
- Share under 1823.0 percent
- Population 65 and over7,286
- Share 65 and over21.3 percent
- Working age population, 18 to 6419,092
- Civilian labor force16,937
- Unemployment rate4.0 percent
- Labor force participation, adults 18 and over64.2 percent
- Rank by population among Minnesota counties33rd of 87
- Rank by population among US county-equivalents1358th
Morrison County is the 33rd largest of 87 Minnesota counties by population. A median home costs 3.6 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 23.0 percent against 21.3 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Morrison County
Is Morrison County growing
- Population change since the 2020 census base1.49 percent
- Census 2020 base population34,013
- Births, 2024360
- Deaths, 2024378
- Natural change, 2024-18
- Net domestic migration, 2024163
- Net international migration, 202411
- Total net migration, 2024174
- Cumulative net domestic migration, 2021 to 2024614
- Rank by growth among US county-equivalents1337th
The county has grown 1.49 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.
Morrison County
Where people moving to Morrison County come from
- Tax returns filed by households arriving795
- People arriving, from those returns1,402
- Adjusted gross income arriving$48.2 m
- Net adjusted gross income movement$0
- Average income of an arriving household$60,647
- Largest single originMorrison County Non-migrants (13,438 households)
- Largest single destination (13,438 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Morrison County Non-migrants | 13,438 | 27,971 | $948.2 m |
| Other flows - Same State | 196 | 343 | $12.0 m |
| Stearns County | 140 | 258 | $8.6 m |
| Other flows - Different State | 111 | 188 | $6.3 m |
| Crow Wing County | 74 | 114 | $3.0 m |
| Hennepin County | 68 | 116 | $6.6 m |
| Benton County | 63 | 128 | $4.2 m |
| Todd County | 62 | 120 | $2.7 m |
The largest single source of arrivals is Morrison 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.
Morrison County
What the Morrison County economy runs on
- County GDP, 2024$1.50 bn
- County GDP, 2023$1.47 bn
- GDP change, 2023 to 20242.0 percent
- GDP change over five years28.3 percent
- Rank by GDP among Minnesota counties41st
- Rank by GDP among US county-equivalents1517th
- GDP per resident$43,817
Output grew 2.0 percent in the latest year and 28.3 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.
Morrison County
Who employs people in Morrison County
- Covered employment, annual average11,175
- Establishments reporting1,122
- Average annual pay$47,270
- Average weekly wage$909
- Sector 44-45, employment1,627
- Sector 44-45, average annual pay$34,596
- Sector 31-33, employment1,136
- Sector 31-33, average annual pay$56,815
- Sector 72, employment994
- Sector 72, average annual pay$16,858
- Sector 23, employment467
- Sector 23, average annual pay$62,151
- Sector 42, employment461
- Sector 81, employment458
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 44-45 | 1,627 | 122 | $34,596 |
| Sector 31-33 | 1,136 | 56 | $56,815 |
| Sector 72 | 994 | 100 | $16,858 |
| Sector 23 | 467 | 143 | $62,151 |
| Sector 42 | 461 | 27 | $55,347 |
| Sector 81 | 458 | 131 | $32,621 |
| Sector 52 | 258 | 39 | $66,466 |
| Sector 71 | 130 | 24 | $19,194 |
The largest sector is the biggest private employer group at 1,627 jobs, 14.6 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.
Morrison County
What businesses operate in Morrison County
- Establishments, all industries933
- Employment at those establishments8,532
- Annual payroll$416.7 m
- Establishments per 1,000 residents27.2
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.
Morrison County
What is being built in Morrison County
- Housing units authorised by permit, 2024199
- Declared construction value permitted$55.4 m
- Single family units authorised120
- Multifamily units authorised79
- Multifamily share of units39.7 percent
- Average declared value per unit$278,513
- Units authorised per 1,000 households14.1
Multifamily is 39.7 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Morrison County
How much SBA lending happens in Morrison County
- 7(a) approvals recorded38
- 7(a) gross approval dollars$13.1 m
- Average 7(a) approval$345,366
- Median 7(a) approval$200,000
- 10th percentile approval$41,000
- 90th percentile approval$880,000
- Largest single approval$2,884,200
- Jobs reported supported, 7(a)475
- Jobs per approval12.5
- Distinct 7(a) lenders active17
- Distinct industries receiving approvals26
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer10.5 percent
- Loans on real estate terms4
- Loans on working capital terms, 120 months or shorter28
- Franchise loans0
- Franchise share of approvals0.0 percent
- Leading industry by approval countNonupholstered Wood Household Furniture Manufacturing (4)
- Most active lenderMagnifi Financial CU (7)
- 504 approvals recorded34
- 504 gross approval dollars$29.7 m
- Average 504 approval$872,324
- Median 504 approval$306,000
- Distinct CDCs active1
- 504 jobs per approval13.8
- 504 jobs per million dollars approved15.8
- Most active CDCMidwest Business Finance Corporation (34)
- 7(a) share of SBA approvals52.8 percent
- Combined SBA approval dollars$42.8 m
The average approval of $345,366 sits well above the median of $200,000, 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 10.5 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.
Morrison County
Do SBA loans in Morrison County get paid back
- Loans with a final outcome recorded8
- Paid in full8
- Charged off0
- Status: Cancelled3
- Status: Paid in full8
- Status: Exempt from disclosure26
- Status: Committed, not yet disbursed1
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.
Morrison County
Which parts of Morrison County get the lending
- Places in the county with recorded lending6
- Little Falls, approvals17
- Pierz, approvals12
- Cushing, approvals4
- SWANVILLE, approvals3
- ROYALTON, approvals1
- Randall, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| Little Falls | 17 | $5,749,400 |
| Pierz | 12 | $4,051,200 |
| Cushing | 4 | $1,490,000 |
| SWANVILLE | 3 | $426,900 |
| ROYALTON | 1 | $467,100 |
| Randall | 1 | $939,300 |
Little Falls accounts for 17 approvals against 12 in Pierz. 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.
Morrison County
How big is Morrison County
- Land area1,125 sq mi
- Rank by land area among Minnesota counties17th of 87
- Width, east to west42.7 mi
- Height, north to south39.7 mi
- Geographies sharing a boundary6
- Residents per square mile of land30
- Establishments per square mile0.83
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 Morrison 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 Morrison County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population34,249
- Households14,084
- Average household size2.43
- Median household income$69,446
- Median age42.5
Common questions
Morrison County questions, answered from the record.
How many people live in Morrison County, Minnesota?
34,249, in 14,084 households, ranking 33rd of 87 Minnesota counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Morrison County growing?
The population has grown 1.49 percent since the 2020 census base. In 2024 there were 360 births against 378 deaths, with net migration of 174. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Morrison County?
$69,446. The median owner-occupied home is valued at $248,500, which is 3.6 times income, and median gross rent is $788 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Morrison County?
933 establishments, employing 8,532 people with an annual payroll of $416.7 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 Morrison County?
Average annual pay is $47,270, or $909 a week, across 11,175 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Morrison County?
38 7(a) approvals totalling $13.1 m since FY2020, across 17 lenders, with a median approval of $200,000, plus 34 504 approvals worth $29.7 m. These are approvals recorded in the release, not loans disbursed.
What is being built in Morrison County?
199 housing units were authorised by permit in 2024, with a declared construction value of $55.4 m. Multifamily was 39.7 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Morrison 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 Morrison County come from?
The largest single origin is Morrison County Non-migrants, with 13,438 households. Arriving households report an average income of $60,647 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 Morrison 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 Morrison 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.