HomeNorth DakotaWalsh County
Walsh County, North Dakota: commercial real estate data.
Walsh County, North Dakota has a population of 10,396 across 1,282 square miles, down 3.2 percent since the 2020 census base. County output reached $1.03 bn in 2024, 362 establishments operate here, and the SBA record carries 10 7(a) approvals worth $12.7 m.
117 sourced county values · tier FULL · 11 sections
Walsh County
How many people live in Walsh County
- Population10,396
- Households4,400
- Average household size2.36
- Median household income$71,944
- Median age43.2
- Median gross rent$748 per month
- Median owner-occupied home value$132,700
- Home value to household income1.8 times
- Annual rent as a share of median income12.5 percent
- Adults 25 and over with a bachelor degree or higher19.2 percent
- Adults 25 and over with a graduate degree6.0 percent
- Adults 25 and over7,201
- Population under 182,435
- Share under 1823.4 percent
- Population 65 and over2,276
- Share 65 and over21.9 percent
- Working age population, 18 to 645,685
- Civilian labor force5,276
- Unemployment rate2.0 percent
- Labor force participation, adults 18 and over66.3 percent
- Rank by population among North Dakota counties14th of 53
- Rank by population among US county-equivalents2459th
Walsh County is the 14th largest of 53 North Dakota counties by population. A median home costs 1.8 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 23.4 percent against 21.9 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Walsh County
Is Walsh County growing
- Population change since the 2020 census base-3.24 percent
- Census 2020 base population10,556
- Births, 2024121
- Deaths, 2024174
- Natural change, 2024-53
- Net domestic migration, 2024-54
- Net international migration, 202428
- Total net migration, 2024-26
- Cumulative net domestic migration, 2021 to 2024-288
- Rank by growth among US county-equivalents2781st
The county has lost 3.24 percent of its population since the 2020 census base.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Walsh County
Where people moving to Walsh County come from
- Tax returns filed by households arriving212
- People arriving, from those returns375
- Adjusted gross income arriving$10.1 m
- Net adjusted gross income movement$0
- Average income of an arriving household$47,618
- Largest single originWalsh County Non-migrants (4,208 households)
- Largest single destination (4,208 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Walsh County Non-migrants | 4,208 | 8,544 | $351.1 m |
| Other flows - Different State | 98 | 182 | $5.1 m |
| Grand Forks County | 48 | 67 | $2.1 m |
| Other flows - Same State | 43 | 85 | $1.9 m |
| Other flows - Midwest | 39 | 71 | $2.2 m |
| Other flows - South | 39 | 73 | $1.9 m |
| Pembina County | 23 | 41 | $971,000 |
| Other flows - West | 20 | 38 | $1.0 m |
The largest single source of arrivals is Walsh 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.
Walsh County
What the Walsh County economy runs on
- County GDP, 2024$1.03 bn
- County GDP, 2023$902.9 m
- GDP change, 2023 to 202413.7 percent
- GDP change over five years57.3 percent
- Rank by GDP among North Dakota counties15th
- Rank by GDP among US county-equivalents1822nd
- GDP per resident$98,790
Output grew 13.7 percent in the latest year and 57.3 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.
Walsh County
Who employs people in Walsh County
- Covered employment, annual average4,790
- Establishments reporting519
- Average annual pay$57,220
- Average weekly wage$1,100
- Sector 31-33, employment681
- Sector 31-33, average annual pay$70,686
- Sector 44-45, employment393
- Sector 44-45, average annual pay$29,445
- Sector 42, employment331
- Sector 42, average annual pay$86,118
- Sector 52, employment173
- Sector 52, average annual pay$84,003
- Sector 23, employment152
- Sector 72, employment106
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 31-33 | 681 | 9 | $70,686 |
| Sector 44-45 | 393 | 40 | $29,445 |
| Sector 42 | 331 | 42 | $86,118 |
| Sector 52 | 173 | 40 | $84,003 |
| Sector 23 | 152 | 42 | $62,068 |
| Sector 72 | 106 | 24 | $14,915 |
| Sector 51 | 101 | 12 | $69,509 |
| Sector 54 | 97 | 26 | $64,275 |
The largest sector is the biggest private employer group at 681 jobs, 14.2 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.
Walsh County
What businesses operate in Walsh County
- Establishments, all industries362
- Employment at those establishments3,372
- Annual payroll$182.1 m
- Establishments per 1,000 residents34.8
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.
Walsh County
What is being built in Walsh County
- Housing units authorised by permit, 20247
- Declared construction value permitted$1.9 m
- Single family units authorised5
- Multifamily units authorised2
- Multifamily share of units28.6 percent
- Average declared value per unit$277,342
- Units authorised per 1,000 households1.6
Multifamily is 28.6 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Walsh County
How much SBA lending happens in Walsh County
- 7(a) approvals recorded10
- 7(a) gross approval dollars$12.7 m
- Average 7(a) approval$1,271,420
- Median 7(a) approval$470,000
- 10th percentile approval$187,800
- 90th percentile approval$5,000,000
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)68
- Jobs per approval6.8
- Distinct 7(a) lenders active6
- Distinct industries receiving approvals8
- Median 7(a) term84 months
- Share of loans on real estate terms, 240 months or longer10.0 percent
- Loans on real estate terms1
- Loans on working capital terms, 120 months or shorter8
- Franchise loans0
- Franchise share of approvals0.0 percent
- Leading industry by approval countPotato Farming (2)
- Most active lenderUltima Bank Minnesota (4)
- 504 approvals recorded5
- 504 gross approval dollars$1.7 m
- Average 504 approval$342,000
- Median 504 approval$208,000
- Distinct CDCs active2
- 504 jobs per approval1.4
- 504 jobs per million dollars approved4.1
- Most active CDCDakota Business Lending (4)
- 7(a) share of SBA approvals66.7 percent
- Combined SBA approval dollars$14.4 m
The average approval of $1,271,420 sits well above the median of $470,000, 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 10.0 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. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Walsh County
Do SBA loans in Walsh County get paid back
- Loans with a final outcome recorded3
- Paid in full3
- Charged off0
- Status: Cancelled2
- Status: Paid in full3
- Status: Exempt from disclosure5
Too few loans have reached a final outcome to publish a charge off rate. only 3 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.
Walsh County
Which parts of Walsh County get the lending
- Places in the county with recorded lending3
- FOREST RIVER, approvals5
- Grafton, approvals4
- MINTO, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| FOREST RIVER | 5 | $1,944,200 |
| Grafton | 4 | $6,470,000 |
| MINTO | 1 | $4,300,000 |
FOREST RIVER accounts for 5 approvals against 4 in Grafton. 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.
Walsh County
How big is Walsh County
- Land area1,282 sq mi
- Rank by land area among North Dakota counties22nd of 53
- Width, east to west55.3 mi
- Height, north to south24.2 mi
- Geographies sharing a boundary5
- Residents per square mile of land8
- Establishments per square mile0.28
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 Walsh 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 Walsh County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population10,396
- Households4,400
- Average household size2.36
- Median household income$71,944
- Median age43.2
Common questions
Walsh County questions, answered from the record.
How many people live in Walsh County, North Dakota?
10,396, in 4,400 households, ranking 14th of 53 North Dakota counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Walsh County growing?
The population has fallen 3.24 percent since the 2020 census base. In 2024 there were 121 births against 174 deaths, with net migration of -26. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Walsh County?
$71,944. The median owner-occupied home is valued at $132,700, which is 1.8 times income, and median gross rent is $748 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Walsh County?
362 establishments, employing 3,372 people with an annual payroll of $182.1 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 Walsh County?
Average annual pay is $57,220, or $1,100 a week, across 4,790 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Walsh County?
10 7(a) approvals totalling $12.7 m since FY2020, across 6 lenders, with a median approval of $470,000, plus 5 504 approvals worth $1.7 m. These are approvals recorded in the release, not loans disbursed.
What is being built in Walsh County?
7 housing units were authorised by permit in 2024, with a declared construction value of $1.9 m. Multifamily was 28.6 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Walsh 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 Walsh County come from?
The largest single origin is Walsh County Non-migrants, with 4,208 households. Arriving households report an average income of $47,618 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 Walsh 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 Walsh 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.