Keweenaw County, Michigan: commercial real estate data.
Keweenaw County, Michigan has a population of 2,133 across 540 square miles, up 5.6 percent since the 2020 census base. County output reached $76.6 m in 2024, 59 establishments operate here, and the SBA record carries 9 7(a) approvals worth $6.6 m.
111 sourced county values · tier FULL · 12 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Keweenaw County
How many people live in Keweenaw County
- Population2,133
- Households1,135
- Average household size1.88
- Median household income$52,583
- Median age57.1
- Median gross rent$688 per month
- Median owner-occupied home value$169,800
- Home value to household income3.2 times
- Annual rent as a share of median income15.7 percent
- Adults 25 and over with a bachelor degree or higher41.2 percent
- Adults 25 and over with a graduate degree18.1 percent
- Adults 25 and over1,760
- Population under 18318
- Share under 1814.9 percent
- Population 65 and over779
- Share 65 and over36.5 percent
- Working age population, 18 to 641,036
- Civilian labor force836
- Unemployment rate2.2 percent
- Labor force participation, adults 18 and over46.1 percent
- Rank by population among Michigan counties83rd of 83
- Rank by population among US county-equivalents3110th
Keweenaw County is the 83rd largest of 83 Michigan counties by population. A median home costs 3.2 times median household income, which is an affordable ownership market by national standards. Residents 65 and over outnumber those under 18, at 36.5 percent against 14.9 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.
Keweenaw County
Is Keweenaw County's population growing?
- Population change since the 2020 census base5.62 percent
- Census 2020 base population2,046
- Births, 202418
- Deaths, 202430
- Natural change, 2024-12
- Net domestic migration, 2024-10
- Net international migration, 20242
- Total net migration, 2024-8
- Cumulative net domestic migration, 2021 to 2024161
- Rank by growth among US county-equivalents456th
The county has grown 5.62 percent since the 2020 census base.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Keweenaw County
Where are people moving to Keweenaw County from?
- Tax returns filed by households arriving42
- People arriving, from those returns83
- Adjusted gross income arriving$2.7 m
- Net adjusted gross income movement$0
- Average income of an arriving household$64,381
- Largest single originKeweenaw County Non-migrants (874 households)
- Largest single destination (874 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Keweenaw County Non-migrants | 874 | 1,689 | $62.4 m |
| Houghton County | 42 | 83 | $2.7 m |
The largest single source of arrivals is Keweenaw 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.
Keweenaw County
What is the Keweenaw County economy?
- County GDP, 2024$76.6 m
- County GDP, 2023$74.4 m
- GDP change, 2023 to 20242.9 percent
- GDP change over five years47.5 percent
- Rank by GDP among Michigan counties83rd
- Rank by GDP among US county-equivalents3075th
- GDP per resident$35,904
Output grew 2.9 percent in the latest year and 47.5 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.
Keweenaw County
Largest employers in Keweenaw County
- Covered employment, annual average478
- Establishments reporting85
- Average annual pay$35,549
- Average weekly wage$684
- Sector 31-33, employment55
- Sector 31-33, average annual pay$44,816
- Sector 44-45, employment37
- Sector 44-45, average annual pay$23,924
- Sector 23, employment19
- Sector 23, average annual pay$56,590
- Sector 81, employment14
- Sector 81, average annual pay$43,502
- Sector 11, employment12
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 31-33 | 55 | 4 | $44,816 |
| Sector 44-45 | 37 | 9 | $23,924 |
| Sector 23 | 19 | 8 | $56,590 |
| Sector 81 | 14 | 5 | $43,502 |
| Sector 11 | 12 | 4 | $46,315 |
The largest sector is the biggest private employer group at 55 jobs, 11.5 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.
Keweenaw County
How many businesses are in Keweenaw County?
- Establishments, all industries59
- Employment at those establishments347
- Annual payroll$14.5 m
- Establishments per 1,000 residents27.7
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.
Keweenaw County
Building permits in Keweenaw County
- Housing units authorised by permit, 202425
- Declared construction value permitted$4.2 m
- Single family units authorised25
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$167,167
- Units authorised per 1,000 households22.0
Multifamily is 0.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Keweenaw County
SBA loans in Keweenaw County (7(a) and 504)
- 7(a) approvals recorded9
- 7(a) gross approval dollars$6.6 m
- Average 7(a) approval$728,367
- Median 7(a) approval$720,000
- 10th percentile approval$50,000
- 90th percentile approval$1,734,500
- Largest single approval$1,734,500
- Jobs reported supported, 7(a)169
- Jobs per approval18.8
- Distinct 7(a) lenders active4
- Distinct industries receiving approvals5
- Median 7(a) term288 months
- Share of loans on real estate terms, 240 months or longer55.6 percent
- Loans on real estate terms5
- Loans on working capital terms, 120 months or shorter3
- Franchise loans0
- Franchise share of approvals0.0 percent
- Leading industry by approval countSkiing Facilities (5)
- Most active lenderThe Huntington National Bank (5)
The average approval of $728,367 sits close to the median of $720,000, so lending here is fairly evenly sized rather than driven by a few large deals. 55.6 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.
Keweenaw County
SBA loan default and charge-off rates in Keweenaw County
Do SBA loans in Keweenaw County get paid back?
- Loans with a final outcome recorded1
- Paid in full1
- Charged off0
- Status: Paid in full1
- Status: Exempt from disclosure7
- 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.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Keweenaw County
SBA lending by place in Keweenaw County
- Places in the county with recorded lending3
- Mohawk, approvals7
- AHMEEK, approvals1
- COPPER HARBOR, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| Mohawk | 7 | $5,499,500 |
| AHMEEK | 1 | $335,800 |
| COPPER HARBOR | 1 | $720,000 |
Mohawk accounts for 7 approvals against 1 in AHMEEK. 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.
Keweenaw County
How large is Keweenaw County?
- Land area540 sq mi
- Rank by land area among Michigan counties63rd of 83
- Width, east to west72 mi
- Height, north to south68.4 mi
- Geographies sharing a boundary1
- Residents per square mile of land4
- Establishments per square mile0.11
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.
Keweenaw County
Flood risk in Keweenaw County
- Communities in the NFIP Community Status Book3
- Of those, participating in the NFIP3
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Keweenaw County, EPA zone predicted average indoor radon screening level from 2 to 4 pCi/LZone 2
The EPA places Keweenaw County in radon zone 2, a predicted average indoor radon screening level from 2 to 4 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. 100.0 percent of the county's listed communities participate in the National Flood Insurance Program, per FEMA OpenFEMA, NFIP Community Status Book, Community Status Book, as retrieved.
FEMA OpenFEMA, NFIP Community Status Book, Community Status Book, as retrieved. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
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.
- 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 Keweenaw 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 Keweenaw County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population2,133
- Households1,135
- Average household size1.88
- Median household income$52,583
- Median age57.1
Common questions
Keweenaw County questions, answered from the record.
How many people live in Keweenaw County, Michigan?
2,133, in 1,135 households, ranking 83rd of 83 Michigan counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Keweenaw County's population growing?
The population has grown 5.62 percent since the 2020 census base. In 2024 there were 18 births against 30 deaths, with net migration of -8. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Keweenaw County?
$52,583. The median owner-occupied home is valued at $169,800, which is 3.2 times income, and median gross rent is $688 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Keweenaw County?
59 establishments, employing 347 people with an annual payroll of $14.5 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 Keweenaw County?
Average annual pay is $35,549, or $684 a week, across 478 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Keweenaw County?
9 7(a) approvals totalling $6.6 m since FY2020, across 4 lenders, with a median approval of $720,000. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Keweenaw County?
25 housing units were authorised by permit in 2024, with a declared construction value of $4.2 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Keweenaw 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 Keweenaw County come from?
The largest single origin is Keweenaw County Non-migrants, with 874 households. Arriving households report an average income of $64,381 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 Keweenaw 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 Keweenaw 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.
Keweenaw County
Cities and places in Keweenaw.
6 Census places lie wholly or partly in Keweenaw County. 6 carry enough published place level data for a page of their own and are linked. The rest are named here and not linked, because the American Community Survey and the SBA record between them do not carry enough about them to write an honest page. A place existing is itself worth knowing, so nothing in the county is left out.
| Place | Type | Population | SBA approvals | Lies in |
|---|---|---|---|---|
| Mohawk | CDP | 264 | 7 | Wholly in this county |
| Copper Harbor | CDP | 163 | 1 | Wholly in this county |
| Eagle Harbor | CDP | 110 | None recorded | Wholly in this county |
| Fulton | CDP | 94 | 2 | Wholly in this county |
| Ahmeek | village | 93 | 1 | Wholly in this county |
| Eagle River | CDP | 83 | None recorded | Wholly in this county |