Traverse County, Minnesota: commercial real estate data.
Traverse County, Minnesota has a population of 3,243 across 574 square miles, down 6.8 percent since the 2020 census base. County output reached $347.5 m in 2024, 121 establishments operate here, and the SBA record carries 4 7(a) approvals worth $6.3 m.
106 sourced county values · tier FULL · 11 sections
Traverse County
How many people live in Traverse County
- Population3,243
- Households1,311
- Average household size2.47
- Median household income$62,989
- Median age46.1
- Median gross rent$615 per month
- Median owner-occupied home value$114,100
- Home value to household income1.8 times
- Annual rent as a share of median income11.7 percent
- Adults 25 and over with a bachelor degree or higher16.6 percent
- Adults 25 and over with a graduate degree3.0 percent
- Adults 25 and over2,261
- Population under 18702
- Share under 1821.6 percent
- Population 65 and over825
- Share 65 and over25.4 percent
- Working age population, 18 to 641,716
- Civilian labor force1,540
- Unemployment rate4.5 percent
- Labor force participation, adults 18 and over60.6 percent
- Rank by population among Minnesota counties87th of 87
- Rank by population among US county-equivalents3022nd
Traverse County is the 87th largest of 87 Minnesota counties by population. A median home costs 1.8 times median household income, which is an affordable ownership market by national standards. Residents 65 and over outnumber those under 18, at 25.4 percent against 21.6 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.
Traverse County
Is Traverse County growing
- Population change since the 2020 census base-6.81 percent
- Census 2020 base population3,363
- Births, 202425
- Deaths, 202459
- Natural change, 2024-34
- Net domestic migration, 2024-13
- Net international migration, 20246
- Total net migration, 2024-7
- Cumulative net domestic migration, 2021 to 2024-135
- Rank by growth among US county-equivalents3076th
The county has lost 6.81 percent of its population since the 2020 census base.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Traverse County
Where people moving to Traverse County come from
- Tax returns filed by households arriving64
- People arriving, from those returns106
- Adjusted gross income arriving$3.3 m
- Net adjusted gross income movement$0
- Average income of an arriving household$51,328
- Largest single originTraverse County Non-migrants (1,277 households)
- Largest single destination (1,277 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Traverse County Non-migrants | 1,277 | 2,648 | $104.7 m |
| Other flows - Same State | 34 | 58 | $2.2 m |
| Other flows - Different State | 30 | 48 | $1.1 m |
| Other flows - Midwest | 30 | 48 | $1.1 m |
The largest single source of arrivals is Traverse 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.
Traverse County
What the Traverse County economy runs on
- County GDP, 2024$347.5 m
- County GDP, 2023$308.3 m
- GDP change, 2023 to 202412.7 percent
- GDP change over five years69.6 percent
- Rank by GDP among Minnesota counties81st
- Rank by GDP among US county-equivalents2630th
- GDP per resident$107,164
Output grew 12.7 percent in the latest year and 69.6 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.
Traverse County
Who employs people in Traverse County
- Covered employment, annual average1,069
- Establishments reporting154
- Average annual pay$48,921
- Average weekly wage$941
- Sector 62, employment219
- Sector 62, average annual pay$50,224
- Sector 44-45, employment157
- Sector 44-45, average annual pay$26,754
- Sector 42, employment106
- Sector 42, average annual pay$95,345
- Sector 11, employment92
- Sector 11, average annual pay$50,785
- Sector 31-33, employment33
- Sector 23, employment26
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 62 | 219 | 16 | $50,224 |
| Sector 44-45 | 157 | 22 | $26,754 |
| Sector 42 | 106 | 10 | $95,345 |
| Sector 11 | 92 | 30 | $50,785 |
| Sector 31-33 | 33 | 6 | $50,472 |
| Sector 23 | 26 | 10 | $49,321 |
| Sector 81 | 26 | 8 | $17,662 |
The largest sector is the biggest private employer group at 219 jobs, 20.5 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.
Traverse County
What businesses operate in Traverse County
- Establishments, all industries121
- Employment at those establishments732
- Annual payroll$39.0 m
- Establishments per 1,000 residents37.3
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.
Traverse County
What is being built in Traverse County
- Housing units authorised by permit, 20244
- Declared construction value permitted$1.3 m
- Single family units authorised4
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$320,650
- Units authorised per 1,000 households3.1
Multifamily is 0.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Traverse County
How much SBA lending happens in Traverse County
- 7(a) approvals recorded4
- 7(a) gross approval dollars$6.3 m
- Average 7(a) approval$1,582,150
- Median 7(a) approval$1,967,000
- 10th percentile approval$195,000
- 90th percentile approval$3,700,000
- Largest single approval$3,700,000
- Jobs reported supported, 7(a)43
- Jobs per approval10.8
- Distinct 7(a) lenders active2
- Distinct industries receiving approvals2
- Median 7(a) term117 months
- Share of loans on real estate terms, 240 months or longer25.0 percent
- Loans on real estate terms1
- Loans on working capital terms, 120 months or shorter3
- Franchise loans0
- Franchise share of approvals0.0 percent
- Leading industry by approval countOilseed and Grain Combination Farming (3)
- Most active lenderRed River State Bank (3)
The average approval of $1,582,150 sits close to the median of $1,967,000, so lending here is fairly evenly sized rather than driven by a few large deals. Only 25.0 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.
Traverse County
Do SBA loans in Traverse County get paid back
- Loans with a final outcome recorded1
- Paid in full1
- Charged off0
- Status: Exempt from disclosure2
- Status: Paid in full1
- Status: Committed, not yet disbursed1
Too few loans have reached a final outcome to publish a charge off rate. only 1 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.
Traverse County
Which parts of Traverse County get the lending
- Places in the county with recorded lending2
- WHEATON, approvals3
- Browns Valley, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| WHEATON | 3 | $6,133,600 |
| Browns Valley | 1 | $195,000 |
WHEATON accounts for 3 approvals against 1 in Browns Valley. 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.
Traverse County
How big is Traverse County
- Land area574 sq mi
- Rank by land area among Minnesota counties55th of 87
- Width, east to west29.2 mi
- Height, north to south30.1 mi
- Geographies sharing a boundary4
- Residents per square mile of land6
- Establishments per square mile0.21
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 504 approvals recorded in this county in the FOIA release covering FY2010 onward.
- 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 Traverse 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 Traverse County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population3,243
- Households1,311
- Average household size2.47
- Median household income$62,989
- Median age46.1
Common questions
Traverse County questions, answered from the record.
How many people live in Traverse County, Minnesota?
3,243, in 1,311 households, ranking 87th of 87 Minnesota counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Traverse County growing?
The population has fallen 6.81 percent since the 2020 census base. In 2024 there were 25 births against 59 deaths, with net migration of -7. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Traverse County?
$62,989. The median owner-occupied home is valued at $114,100, which is 1.8 times income, and median gross rent is $615 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Traverse County?
121 establishments, employing 732 people with an annual payroll of $39.0 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 Traverse County?
Average annual pay is $48,921, or $941 a week, across 1,069 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Traverse County?
4 7(a) approvals totalling $6.3 m since FY2020, across 2 lenders, with a median approval of $1,967,000. These are approvals recorded in the release, not loans disbursed.
What is being built in Traverse County?
4 housing units were authorised by permit in 2024, with a declared construction value of $1.3 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Traverse 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 Traverse County come from?
The largest single origin is Traverse County Non-migrants, with 1,277 households. Arriving households report an average income of $51,328 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 Traverse 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 Traverse 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.