HomeMinnesotaCarver CountyWaconia
Waconia, Minnesota: commercial real estate data.
Waconia is a Census city of 13,434 people across 5.61 square miles of land, in Carver County. Median household income is $111,031, 80.3 percent of occupied homes are owned, and the SBA record carries 29 7(a) approvals to borrowers here worth $15.8 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Waconia
What Waconia is
- Census place typecity
- Land area5.61 sq mi
- Water area0.04 sq mi
- Population per square mile of land2,394
- County holding the largest share of its areaCarver County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Waconia
How many people live in Waconia
- Population13,434
- Median age38.4
- Population under 183,423
- Share under 1825.5 percent
- Population 65 and over2,005
- Share 65 and over14.9 percent
- Households5,151
- Family households3,716
- Share of households that are families72.1 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Waconia
Income and work in Waconia
- Median household income$111,031
- Per capita income$53,078
- Civilian labor force7,678
- Employed7,337
- Unemployed341 plus or minus 159
- Unemployment rate4.4 percent plus or minus 2.1
- Adults 25 and over9,164
- Adults 25 and over with a high school diploma or higher98.5 percent
- Adults 25 and over with a bachelor degree or higher48.9 percent
- Adults 25 and over with a graduate degree14.5 percent plus or minus 3.4
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Waconia
Housing in Waconia
- Housing units5,291
- Occupied units5,151
- Vacant units140 plus or minus 82
- Vacancy rate2.6 percent plus or minus 1.5
- Owner occupied4,137
- Renter occupied1,014 plus or minus 234
- Ownership rate80.3 percent
- Median owner-occupied home value$431,000
- Median gross rent, monthly$1,330
- Annual rent as a share of median income14.4 percent plus or minus 2.9
- Single family units4,418
- Share single family83.5 percent
- Units in buildings of two or more839 plus or minus 205
- Share in buildings of two or more15.9 percent plus or minus 3.8
- Mobile homes17 plus or minus 27
- Median year structure built2001
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Waconia
How Waconia gets to work
- Workers 16 and over who commute5,809
- Commuting under 15 minutes1,943
- Share commuting under 15 minutes33.4 percent
- Commuting 30 minutes or more2,246
- Share commuting 30 minutes or more38.7 percent
- Drove alone74.9 percent
- Carpooled3.1 percent plus or minus 1.9
- Public transport0.4 percent plus or minus 0.5
- Walked1.0 percent plus or minus 0.9
- Worked from home20.3 percent plus or minus 4.1
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Waconia
SBA loans in Waconia (7(a))
- Approvals29
- Gross approval$15,765,100
- Average approval$543,624
- Median approval$200,000
- Ninetieth percentile approval$1,045,600
- Largest approval$4,730,100
- Jobs supported409
- Jobs per approval14.1
- Loans with a final outcome5
- Paid in full5
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more10.3 percent
- Share to franchises20.7 percent
- Distinct lenders21
- Distinct industries by NAICS24
Counted by borrower city: approvals to borrowers whose address is in Waconia, in any county, FY2020 to FY2026. Only 5 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Waconia
SBA loans in Waconia (504)
- Approvals24
- Gross approval$14,379,000
- Average approval$599,125
- Median approval$435,500
- Largest approval$1,738,000
- Jobs supported252
- Loans with a final outcome9
- Charged off0
- Median term240 months
- Distinct CDCs5
Counted by borrower city: approvals to borrowers whose address is in Waconia, in any county, FY2010 to FY2026. Only 9 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Waconia
Flood risk in Waconia
- NFIP communityCity of Waconia
- NFIP community number270055
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date12/21/18
The City of Waconia participates in the National Flood Insurance Program as community 270055 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Carver County, not Waconia
Carver County context, not Waconia figures
- Establishments in Carver County2,714
- Covered employment, Carver County40,848
- Average annual pay, Carver County$67,445
- Housing units permitted, Carver County744
Every figure in this section is published for Carver County as a whole and is not a measurement of Waconia.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Waconia questions, answered from the record.
How many people live in Waconia, Minnesota?
13,434, in 5,151 households. Waconia city covers 5.61 square miles of land, which is 2,394 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Waconia in?
Carver County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Waconia?
$111,031. The median owner-occupied home is valued at $431,000. Median gross rent is $1,330 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Waconia businesses?
29 7(a) approvals totaling $15.8 m since FY2020, across 21 lenders, median approval $200,000, plus 24 504 approvals worth $14.4 m since FY2010. These count approvals to borrowers whose address is in Waconia, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Waconia borrowers get paid back?
No rate is published for Waconia. Only 5 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Waconia in the National Flood Insurance Program?
Yes. Waconia appears in the FEMA Community Status Book as Waconia, city of, community 270055, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Waconia figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Carver County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Waconia.
Is zoning published for Waconia?
No. Nothing on this page presents parcel level zoning.