HomeSouth DakotaMinnehaha County
Minnehaha County, South Dakota: commercial real estate data.
Minnehaha County, South Dakota has a population of 203,289 across 807 square miles, up 5.8 percent since the 2020 census base. County output reached $22.45 bn in 2024, 6,262 establishments operate here, and the SBA record carries 300 7(a) approvals worth $101.9 m.
123 sourced county values · tier FULL · 11 sections
Minnehaha County
How many people live in Minnehaha County
- Population203,289
- Households84,814
- Average household size2.40
- Median household income$76,880
- Median age36.0
- Median gross rent$978 per month
- Median owner-occupied home value$287,600
- Home value to household income3.7 times
- Annual rent as a share of median income15.3 percent
- Adults 25 and over with a bachelor degree or higher35.2 percent
- Adults 25 and over with a graduate degree10.5 percent
- Adults 25 and over134,665
- Population under 1851,607
- Share under 1825.4 percent
- Population 65 and over28,306
- Share 65 and over13.9 percent
- Working age population, 18 to 64123,376
- Civilian labor force116,075
- Unemployment rate2.5 percent
- Labor force participation, adults 18 and over76.5 percent
- Rank by population among South Dakota counties1st of 66
- Rank by population among US county-equivalents346th
Minnehaha County is the 1st largest of 66 South Dakota counties by population. A median home costs 3.7 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 25.4 percent against 13.9 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Minnehaha County
Is Minnehaha County growing
- Population change since the 2020 census base5.79 percent
- Census 2020 base population197,221
- Births, 20242,723
- Deaths, 20241,468
- Natural change, 20241,255
- Net domestic migration, 2024313
- Net international migration, 2024587
- Total net migration, 2024900
- Cumulative net domestic migration, 2021 to 20243,835
- Rank by growth among US county-equivalents437th
The county has grown 5.79 percent since the 2020 census base.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Minnehaha County
Where people moving to Minnehaha County come from
- Tax returns filed by households arriving7,000
- People arriving, from those returns11,906
- Adjusted gross income arriving$613.1 m
- Net adjusted gross income movement$0
- Average income of an arriving household$87,582
- Largest single originMinnehaha County Non-migrants (82,028 households)
- Largest single destination (82,028 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Minnehaha County Non-migrants | 82,028 | 166,490 | $8.67 bn |
| Other flows - Different State | 2,689 | 4,769 | $220.3 m |
| Lincoln County | 1,485 | 2,516 | $120.2 m |
| Other flows - Midwest | 1,078 | 1,854 | $81.8 m |
| Other flows - South | 710 | 1,320 | $56.3 m |
| Other flows - West | 667 | 1,200 | $64.6 m |
| Other flows - Same State | 290 | 487 | $14.9 m |
| Other flows - Northeast | 234 | 395 | $17.6 m |
The largest single source of arrivals is Minnehaha 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.
Minnehaha County
What the Minnehaha County economy runs on
- County GDP, 2024$22.45 bn
- County GDP, 2023$20.87 bn
- GDP change, 2023 to 20247.5 percent
- GDP change over five years24.3 percent
- Rank by GDP among South Dakota counties1st
- Rank by GDP among US county-equivalents241st
- GDP per resident$110,421
Output grew 7.5 percent in the latest year and 24.3 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.
Minnehaha County
Who employs people in Minnehaha County
- Covered employment, annual average138,556
- Establishments reporting9,989
- Average annual pay$65,100
- Average weekly wage$1,252
- Sector 62, employment27,518
- Sector 62, average annual pay$76,889
- Sector 44-45, employment16,608
- Sector 44-45, average annual pay$40,289
- Sector 31-33, employment12,279
- Sector 31-33, average annual pay$61,345
- Sector 72, employment11,737
- Sector 72, average annual pay$25,102
- Sector 52, employment8,766
- Sector 23, employment8,757
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 62 | 27,518 | 698 | $76,889 |
| Sector 44-45 | 16,608 | 860 | $40,289 |
| Sector 31-33 | 12,279 | 213 | $61,345 |
| Sector 72 | 11,737 | 559 | $25,102 |
| Sector 52 | 8,766 | 746 | $96,123 |
| Sector 23 | 8,757 | 984 | $76,737 |
| Sector 42 | 7,429 | 965 | $89,891 |
| Sector 48-49 | 6,854 | 367 | $53,807 |
The largest sector is the biggest private employer group at 27,518 jobs, 19.9 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.
Minnehaha County
What businesses operate in Minnehaha County
- Establishments, all industries6,262
- Employment at those establishments125,353
- Annual payroll$7.35 bn
- Establishments per 1,000 residents30.8
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.
Minnehaha County
What is being built in Minnehaha County
- Housing units authorised by permit, 20242,421
- Declared construction value permitted$445.0 m
- Single family units authorised1,015
- Multifamily units authorised1,406
- Multifamily share of units58.1 percent
- Average declared value per unit$183,821
- Units authorised per 1,000 households28.5
Multifamily is 58.1 percent of units authorised, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Minnehaha County
How much SBA lending happens in Minnehaha County
- 7(a) approvals recorded300
- 7(a) gross approval dollars$101.9 m
- Average 7(a) approval$339,566
- Median 7(a) approval$150,000
- 10th percentile approval$25,000
- 90th percentile approval$707,100
- Largest single approval$4,782,000
- Jobs reported supported, 7(a)3,163
- Jobs per approval10.5
- Distinct 7(a) lenders active49
- Distinct industries receiving approvals133
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer4.3 percent
- Loans on real estate terms13
- Loans on working capital terms, 120 months or shorter273
- Franchise loans51
- Franchise share of approvals17.0 percent
- Leading industry by approval countLimited-Service Restaurants (17)
- Most active lenderThe First National Bank in Sioux Falls (78)
- 504 approvals recorded423
- 504 gross approval dollars$318.3 m
- Average 504 approval$752,508
- Median 504 approval$433,000
- Distinct CDCs active5
- 504 jobs per approval10.7
- 504 jobs per million dollars approved14.2
- Most active CDCDakota Business Finance (309)
- 7(a) share of SBA approvals41.5 percent
- Combined SBA approval dollars$420.2 m
The average approval of $339,566 sits well above the median of $150,000, 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 4.3 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.
Minnehaha County
Do SBA loans in Minnehaha County get paid back
- Loans with a final outcome recorded83
- Paid in full74
- Charged off9
- Charge off rate on resolved loans10.8 percent
- Status: Cancelled32
- Status: Exempt from disclosure173
- Status: Paid in full74
- Status: Charged off9
- Status: Committed, not yet disbursed12
Of the 83 loans that have reached a final outcome, 10.8 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.
Minnehaha County
Which parts of Minnehaha County get the lending
- Places in the county with recorded lending10
- SIOUX FALLS, approvals245
- BRANDON, approvals25
- Hartford, approvals8
- Dell Rapids, approvals7
- Baltic, approvals5
- GARRETSON, approvals3
| Place | Approvals | Gross approval dollars |
|---|---|---|
| SIOUX FALLS | 245 | $85,799,800 |
| BRANDON | 25 | $8,808,300 |
| Hartford | 8 | $1,731,900 |
| Dell Rapids | 7 | $1,098,600 |
| Baltic | 5 | $1,411,100 |
| GARRETSON | 3 | $1,916,100 |
| Valley Springs | 2 | $640,000 |
| COLTON | 2 | $47,700 |
SIOUX FALLS accounts for 245 approvals against 25 in BRANDON. 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.
Minnehaha County
How big is Minnehaha County
- Land area807 sq mi
- Rank by land area among South Dakota counties40th of 66
- Width, east to west33.8 mi
- Height, north to south24.2 mi
- Geographies sharing a boundary5
- Residents per square mile of land252
- Establishments per square mile7.76
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 Minnehaha 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 Minnehaha County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population203,289
- Households84,814
- Average household size2.40
- Median household income$76,880
- Median age36.0
Common questions
Minnehaha County questions, answered from the record.
How many people live in Minnehaha County, South Dakota?
203,289, in 84,814 households, ranking 1st of 66 South Dakota counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Minnehaha County growing?
The population has grown 5.79 percent since the 2020 census base. In 2024 there were 2,723 births against 1,468 deaths, with net migration of 900. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Minnehaha County?
$76,880. The median owner-occupied home is valued at $287,600, which is 3.7 times income, and median gross rent is $978 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Minnehaha County?
6,262 establishments, employing 125,353 people with an annual payroll of $7.35 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 Minnehaha County?
Average annual pay is $65,100, or $1,252 a week, across 138,556 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Minnehaha County?
300 7(a) approvals totalling $101.9 m since FY2020, across 49 lenders, with a median approval of $150,000, plus 423 504 approvals worth $318.3 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Minnehaha County get paid back?
Of the 83 loans that have reached a final outcome, 74 were paid in full and 9 charged off, a charge off rate of 10.8 percent. Loans still running are excluded, because they have not yet succeeded or failed.
What is being built in Minnehaha County?
2,421 housing units were authorised by permit in 2024, with a declared construction value of $445.0 m. Multifamily was 58.1 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Minnehaha 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 Minnehaha County come from?
The largest single origin is Minnehaha County Non-migrants, with 82,028 households. Arriving households report an average income of $87,582 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 Minnehaha 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 Minnehaha 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.