Scott County, Minnesota: commercial real estate data.
Scott County, Minnesota has a population of 154,557 across 356 square miles, up 4.2 percent since the 2020 census base. County output reached $10.95 bn in 2024, 3,655 establishments operate here, and the SBA record carries 293 7(a) approvals worth $108.8 m.
123 sourced county values · tier FULL · 11 sections
Scott County
How many people live in Scott County
- Population154,557
- Households54,971
- Average household size2.81
- Median household income$119,314
- Median age37.8
- Median gross rent$1,568 per month
- Median owner-occupied home value$419,400
- Home value to household income3.5 times
- Annual rent as a share of median income15.8 percent
- Adults 25 and over with a bachelor degree or higher44.1 percent
- Adults 25 and over with a graduate degree13.0 percent
- Adults 25 and over101,776
- Population under 1839,951
- Share under 1825.8 percent
- Population 65 and over19,615
- Share 65 and over12.7 percent
- Working age population, 18 to 6494,991
- Civilian labor force89,565
- Unemployment rate3.5 percent
- Labor force participation, adults 18 and over78.2 percent
- Rank by population among Minnesota counties9th of 87
- Rank by population among US county-equivalents450th
Scott County is the 9th largest of 87 Minnesota counties by population. A median home costs 3.5 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 25.8 percent against 12.7 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Scott County
Is Scott County growing
- Population change since the 2020 census base4.17 percent
- Census 2020 base population150,919
- Births, 20241,703
- Deaths, 2024923
- Natural change, 2024780
- Net domestic migration, 2024-139
- Net international migration, 2024570
- Total net migration, 2024431
- Cumulative net domestic migration, 2021 to 2024915
- Rank by growth among US county-equivalents659th
The county has grown 4.17 percent since the 2020 census base.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Scott County
Where people moving to Scott County come from
- Tax returns filed by households arriving5,051
- People arriving, from those returns8,940
- Adjusted gross income arriving$422.2 m
- Net adjusted gross income movement$0
- Average income of an arriving household$83,594
- Largest single originScott County Non-migrants (57,712 households)
- Largest single destination (57,712 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Scott County Non-migrants | 57,712 | 127,842 | $7.38 bn |
| Hennepin County | 1,506 | 2,609 | $134.9 m |
| Dakota County | 1,113 | 2,101 | $100.9 m |
| Other flows - Different State | 842 | 1,479 | $69.5 m |
| Carver County | 321 | 557 | $21.4 m |
| Other flows - Midwest | 309 | 507 | $22.0 m |
| Other flows - Same State | 255 | 453 | $19.5 m |
| Other flows - South | 246 | 466 | $20.9 m |
The largest single source of arrivals is Scott 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.
Scott County
What the Scott County economy runs on
- County GDP, 2024$10.95 bn
- County GDP, 2023$10.13 bn
- GDP change, 2023 to 20248.2 percent
- GDP change over five years56.3 percent
- Rank by GDP among Minnesota counties9th
- Rank by GDP among US county-equivalents412th
- GDP per resident$70,861
Output grew 8.2 percent in the latest year and 56.3 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.
Scott County
Who employs people in Scott County
- Covered employment, annual average63,111
- Establishments reporting3,996
- Average annual pay$62,133
- Average weekly wage$1,195
- Sector 48-49, employment9,775
- Sector 48-49, average annual pay$46,254
- Sector 31-33, employment7,417
- Sector 31-33, average annual pay$92,215
- Sector 62, employment6,159
- Sector 62, average annual pay$59,212
- Sector 44-45, employment5,911
- Sector 44-45, average annual pay$38,435
- Sector 23, employment5,754
- Sector 72, employment4,684
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 48-49 | 9,775 | 139 | $46,254 |
| Sector 31-33 | 7,417 | 184 | $92,215 |
| Sector 62 | 6,159 | 669 | $59,212 |
| Sector 44-45 | 5,911 | 308 | $38,435 |
| Sector 23 | 5,754 | 575 | $90,354 |
| Sector 72 | 4,684 | 262 | $24,596 |
| Sector 42 | 3,168 | 213 | $88,426 |
| Sector 56 | 2,396 | 256 | $56,281 |
The largest sector is the biggest private employer group at 9,775 jobs, 15.5 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.
Scott County
What businesses operate in Scott County
- Establishments, all industries3,655
- Employment at those establishments60,419
- Annual payroll$3.61 bn
- Establishments per 1,000 residents23.6
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.
Scott County
What is being built in Scott County
- Housing units authorised by permit, 2024699
- Declared construction value permitted$302.1 m
- Single family units authorised609
- Multifamily units authorised90
- Multifamily share of units12.9 percent
- Average declared value per unit$432,165
- Units authorised per 1,000 households12.7
Multifamily is 12.9 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Scott County
How much SBA lending happens in Scott County
- 7(a) approvals recorded293
- 7(a) gross approval dollars$108.8 m
- Average 7(a) approval$371,445
- Median 7(a) approval$194,800
- 10th percentile approval$30,000
- 90th percentile approval$902,000
- Largest single approval$3,137,500
- Jobs reported supported, 7(a)2,240
- Jobs per approval7.6
- Distinct 7(a) lenders active64
- Distinct industries receiving approvals129
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer9.2 percent
- Loans on real estate terms27
- Loans on working capital terms, 120 months or shorter252
- Franchise loans32
- Franchise share of approvals10.9 percent
- Leading industry by approval countLandscaping Services (14)
- Most active lenderU.S. Bank, National Association (50)
- 504 approvals recorded119
- 504 gross approval dollars$78.3 m
- Average 504 approval$658,353
- Median 504 approval$419,000
- Distinct CDCs active6
- 504 jobs per approval10.3
- 504 jobs per million dollars approved15.6
- Most active CDCTwin Cities-Metro Certified Development Company (58)
- 7(a) share of SBA approvals71.1 percent
- Combined SBA approval dollars$187.2 m
The average approval of $371,445 sits well above the median of $194,800, 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 9.2 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.
Scott County
Do SBA loans in Scott County get paid back
- Loans with a final outcome recorded85
- Paid in full79
- Charged off6
- Charge off rate on resolved loans7.1 percent
- Status: Paid in full79
- Status: Charged off6
- Status: Exempt from disclosure166
- Status: Cancelled33
- Status: Committed, not yet disbursed9
Of the 85 loans that have reached a final outcome, 7.1 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.
Scott County
Which parts of Scott County get the lending
- Places in the county with recorded lending12
- SHAKOPEE, approvals81
- SAVAGE, approvals76
- PRIOR LAKE, approvals50
- JORDAN, approvals29
- NEW PRAGUE, approvals18
- Elko New Market, approvals13
| Place | Approvals | Gross approval dollars |
|---|---|---|
| SHAKOPEE | 81 | $25,845,300 |
| SAVAGE | 76 | $32,306,400 |
| PRIOR LAKE | 50 | $20,733,600 |
| JORDAN | 29 | $11,986,200 |
| NEW PRAGUE | 18 | $5,858,400 |
| Elko New Market | 13 | $5,452,900 |
| BELLE PLAINE | 9 | $2,519,100 |
| LAKEVILLE | 9 | $1,999,400 |
SHAKOPEE accounts for 81 approvals against 76 in SAVAGE. 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.
Scott County
How big is Scott County
- Land area356 sq mi
- Rank by land area among Minnesota counties85th of 87
- Width, east to west30.9 mi
- Height, north to south18 mi
- Geographies sharing a boundary6
- Residents per square mile of land434
- Establishments per square mile10.27
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 Scott 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 Scott County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population154,557
- Households54,971
- Average household size2.81
- Median household income$119,314
- Median age37.8
Common questions
Scott County questions, answered from the record.
How many people live in Scott County, Minnesota?
154,557, in 54,971 households, ranking 9th of 87 Minnesota counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Scott County growing?
The population has grown 4.17 percent since the 2020 census base. In 2024 there were 1,703 births against 923 deaths, with net migration of 431. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Scott County?
$119,314. The median owner-occupied home is valued at $419,400, which is 3.5 times income, and median gross rent is $1,568 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Scott County?
3,655 establishments, employing 60,419 people with an annual payroll of $3.61 bn. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Scott County?
Average annual pay is $62,133, or $1,195 a week, across 63,111 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Scott County?
293 7(a) approvals totalling $108.8 m since FY2020, across 64 lenders, with a median approval of $194,800, plus 119 504 approvals worth $78.3 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Scott County get paid back?
Of the 85 loans that have reached a final outcome, 79 were paid in full and 6 charged off, a charge off rate of 7.1 percent. Loans still running are excluded, because they have not yet succeeded or failed.
What is being built in Scott County?
699 housing units were authorised by permit in 2024, with a declared construction value of $302.1 m. Multifamily was 12.9 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Scott 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 Scott County come from?
The largest single origin is Scott County Non-migrants, with 57,712 households. Arriving households report an average income of $83,594 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 Scott 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 Scott 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.