Pine County, Minnesota: commercial real estate data.
Pine County, Minnesota has a population of 29,640 across 1,411 square miles, up 5.0 percent since the 2020 census base. County output reached $994.9 m in 2024, 627 establishments operate here, and the SBA record carries 51 7(a) approvals worth $17.0 m.
122 sourced county values · tier FULL · 11 sections
Pine County
How many people live in Pine County
- Population29,640
- Households12,323
- Average household size2.41
- Median household income$71,146
- Median age45.9
- Median gross rent$877 per month
- Median owner-occupied home value$239,300
- Home value to household income3.4 times
- Annual rent as a share of median income14.8 percent
- Adults 25 and over with a bachelor degree or higher17.4 percent
- Adults 25 and over with a graduate degree5.3 percent
- Adults 25 and over22,042
- Population under 185,657
- Share under 1819.1 percent
- Population 65 and over6,663
- Share 65 and over22.5 percent
- Working age population, 18 to 6417,320
- Civilian labor force14,038
- Unemployment rate5.6 percent
- Labor force participation, adults 18 and over58.5 percent
- Rank by population among Minnesota counties37th of 87
- Rank by population among US county-equivalents1486th
Pine County is the 37th largest of 87 Minnesota counties by population. A median home costs 3.4 times median household income, which is an affordable ownership market by national standards. Residents 65 and over outnumber those under 18, at 22.5 percent against 19.1 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.
Pine County
Is Pine County growing
- Population change since the 2020 census base4.98 percent
- Census 2020 base population28,881
- Births, 2024246
- Deaths, 2024320
- Natural change, 2024-74
- Net domestic migration, 2024233
- Net international migration, 202437
- Total net migration, 2024270
- Cumulative net domestic migration, 2021 to 20241,768
- Rank by growth among US county-equivalents536th
The county has grown 4.98 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.
Pine County
Where people moving to Pine County come from
- Tax returns filed by households arriving939
- People arriving, from those returns1,685
- Adjusted gross income arriving$56.6 m
- Net adjusted gross income movement$0
- Average income of an arriving household$60,261
- Largest single originPine County Non-migrants (10,827 households)
- Largest single destination (10,827 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Pine County Non-migrants | 10,827 | 21,382 | $717.9 m |
| Other flows - Different State | 196 | 352 | $11.2 m |
| Other flows - Same State | 115 | 202 | $5.7 m |
| Chisago County | 104 | 213 | $6.2 m |
| Other flows - Midwest | 85 | 154 | $4.9 m |
| Anoka County | 81 | 133 | $5.7 m |
| Hennepin County | 77 | 127 | $4.9 m |
| Ramsey County | 66 | 128 | $3.5 m |
The largest single source of arrivals is Pine 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.
Pine County
What the Pine County economy runs on
- County GDP, 2024$994.9 m
- County GDP, 2023$918.0 m
- GDP change, 2023 to 20248.4 percent
- GDP change over five years31.5 percent
- Rank by GDP among Minnesota counties52nd
- Rank by GDP among US county-equivalents1850th
- GDP per resident$33,566
Output grew 8.4 percent in the latest year and 31.5 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.
Pine County
Who employs people in Pine County
- Covered employment, annual average7,799
- Establishments reporting733
- Average annual pay$44,269
- Average weekly wage$851
- Sector 44-45, employment1,086
- Sector 44-45, average annual pay$30,216
- Sector 72, employment954
- Sector 72, average annual pay$20,915
- Sector 62, employment806
- Sector 62, average annual pay$42,659
- Sector 23, employment462
- Sector 23, average annual pay$56,552
- Sector 31-33, employment308
- Sector 54, employment197
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 44-45 | 1,086 | 77 | $30,216 |
| Sector 72 | 954 | 72 | $20,915 |
| Sector 62 | 806 | 86 | $42,659 |
| Sector 23 | 462 | 132 | $56,552 |
| Sector 31-33 | 308 | 27 | $54,541 |
| Sector 54 | 197 | 29 | $60,301 |
| Sector 81 | 152 | 60 | $29,150 |
| Sector 51 | 150 | 6 | $63,398 |
The largest sector is the biggest private employer group at 1,086 jobs, 13.9 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.
Pine County
What businesses operate in Pine County
- Establishments, all industries627
- Employment at those establishments6,406
- Annual payroll$271.6 m
- Establishments per 1,000 residents21.2
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.
Pine County
What is being built in Pine County
- Housing units authorised by permit, 2024241
- Declared construction value permitted$75.6 m
- Single family units authorised201
- Multifamily units authorised40
- Multifamily share of units16.6 percent
- Average declared value per unit$313,749
- Units authorised per 1,000 households19.6
Multifamily is 16.6 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Pine County
How much SBA lending happens in Pine County
- 7(a) approvals recorded51
- 7(a) gross approval dollars$17.0 m
- Average 7(a) approval$333,037
- Median 7(a) approval$269,900
- 10th percentile approval$44,100
- 90th percentile approval$732,000
- Largest single approval$1,200,000
- Jobs reported supported, 7(a)693
- Jobs per approval13.6
- Distinct 7(a) lenders active16
- Distinct industries receiving approvals36
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer31.4 percent
- Loans on real estate terms16
- Loans on working capital terms, 120 months or shorter31
- Franchise loans4
- Franchise share of approvals7.8 percent
- Leading industry by approval countFull-Service Restaurants (5)
- Most active lenderStearns Bank National Association (10)
- 504 approvals recorded21
- 504 gross approval dollars$6.8 m
- Average 504 approval$325,952
- Median 504 approval$234,000
- Distinct CDCs active3
- 504 jobs per approval5.2
- 504 jobs per million dollars approved16.1
- Most active CDCMidwest Business Finance Corporation (17)
- 7(a) share of SBA approvals70.8 percent
- Combined SBA approval dollars$23.8 m
The average approval of $333,037 sits close to the median of $269,900, so lending here is fairly evenly sized rather than driven by a few large deals. 31.4 percent of approvals run on real estate terms of 240 months or more, so this is a market where SBA credit is buying buildings, not just funding operations.
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.
Pine County
Do SBA loans in Pine County get paid back
- Loans with a final outcome recorded13
- Paid in full13
- Charged off0
- Charge off rate on resolved loans0.0 percent
- Status: Paid in full13
- Status: Cancelled3
- Status: Exempt from disclosure33
- Status: Committed, not yet disbursed2
Of the 13 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.
Pine County
Which parts of Pine County get the lending
- Places in the county with recorded lending10
- Pine City, approvals27
- HINCKLEY, approvals7
- Sandstone, approvals4
- Grasston, approvals3
- STURGEON LAKE, approvals2
- BROOK PARK, approvals2
| Place | Approvals | Gross approval dollars |
|---|---|---|
| Pine City | 27 | $8,872,900 |
| HINCKLEY | 7 | $3,081,500 |
| Sandstone | 4 | $1,198,800 |
| Grasston | 3 | $877,900 |
| STURGEON LAKE | 2 | $452,000 |
| BROOK PARK | 2 | $801,000 |
| ASKOV | 2 | $650,000 |
| Finlayson | 2 | $439,300 |
Pine City accounts for 27 approvals against 7 in HINCKLEY. 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.
Pine County
How big is Pine County
- Land area1,411 sq mi
- Rank by land area among Minnesota counties13th of 87
- Width, east to west40.8 mi
- Height, north to south47.6 mi
- Geographies sharing a boundary4
- Residents per square mile of land21
- 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 Pine 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 Pine County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population29,640
- Households12,323
- Average household size2.41
- Median household income$71,146
- Median age45.9
Common questions
Pine County questions, answered from the record.
How many people live in Pine County, Minnesota?
29,640, in 12,323 households, ranking 37th of 87 Minnesota counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Pine County growing?
The population has grown 4.98 percent since the 2020 census base. In 2024 there were 246 births against 320 deaths, with net migration of 270. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Pine County?
$71,146. The median owner-occupied home is valued at $239,300, which is 3.4 times income, and median gross rent is $877 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Pine County?
627 establishments, employing 6,406 people with an annual payroll of $271.6 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 Pine County?
Average annual pay is $44,269, or $851 a week, across 7,799 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Pine County?
51 7(a) approvals totalling $17.0 m since FY2020, across 16 lenders, with a median approval of $269,900, plus 21 504 approvals worth $6.8 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Pine County get paid back?
Of the 13 loans that have reached a final outcome, 13 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 Pine County?
241 housing units were authorised by permit in 2024, with a declared construction value of $75.6 m. Multifamily was 16.6 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Pine 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 Pine County come from?
The largest single origin is Pine County Non-migrants, with 10,827 households. Arriving households report an average income of $60,261 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 Pine 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 Pine 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.