HomeMinnesotaChippewa CountyMontevideo
Montevideo, Minnesota: commercial real estate data.
Montevideo is a Census city of 5,315 people across 4.71 square miles of land, in Chippewa County. Median household income is $68,596, 65.2 percent of occupied homes are owned, and the SBA record carries 7 7(a) approvals to borrowers here worth $3.4 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Montevideo
What Montevideo is
- Census place typecity
- Land area4.71 sq mi
- Water area0.09 sq mi
- Population per square mile of land1,128
- County holding the largest share of its areaChippewa 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.
Montevideo
How many people live in Montevideo
- Population5,315
- Median age41.9
- Population under 181,240
- Share under 1823.3 percent
- Population 65 and over1,192
- Share 65 and over22.4 percent
- Households2,274
- Family households1,339
- Share of households that are families58.9 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Montevideo
Income and work in Montevideo
- Median household income$68,596 plus or minus $13,761
- Per capita income$30,459
- Civilian labor force2,480
- Employed2,422
- Unemployed58 plus or minus 63
- Unemployment rate2.3 percent plus or minus 2.5
- Adults 25 and over3,508
- Adults 25 and over with a high school diploma or higher90.9 percent
- Adults 25 and over with a bachelor degree or higher19.0 percent plus or minus 4.8
- Adults 25 and over with a graduate degree5.9 percent plus or minus 2.7
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Montevideo
Housing in Montevideo
- Housing units2,545
- Occupied units2,274
- Vacant units271 plus or minus 136
- Vacancy rate10.6 percent plus or minus 5.3
- Owner occupied1,482
- Renter occupied792
- Ownership rate65.2 percent
- Median owner-occupied home value$141,000
- Median gross rent, monthly$851
- Annual rent as a share of median income14.9 percent plus or minus 3.1
- Single family units1,815
- Share single family71.3 percent
- Units in buildings of two or more721 plus or minus 188
- Share in buildings of two or more28.3 percent plus or minus 7.2
- Mobile homes9 plus or minus 13
- Median year structure built1958
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Montevideo
How Montevideo gets to work
- Workers 16 and over who commute2,171
- Commuting under 15 minutes1,502
- Share commuting under 15 minutes69.2 percent
- Commuting 30 minutes or more304 plus or minus 134
- Share commuting 30 minutes or more14.0 percent plus or minus 6.1
- Drove alone85.5 percent
- Carpooled9.5 percent plus or minus 4.6
- Public transport0.0 percent
- Walked0.3 percent plus or minus 0.5
- Worked from home4.6 percent plus or minus 2.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Montevideo
SBA loans in Montevideo (7(a))
- Approvals7
- Gross approval$3,374,200
- Average approval$482,029
- Median approval$350,000
- Largest approval$1,159,600
- Jobs supported60
- Jobs per approval8.6
- Loans with a final outcome3
- Paid in full3
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders5
- Distinct industries by NAICS4
Counted by borrower city: approvals to borrowers whose address is in Montevideo, in any county, FY2020 to FY2026. Only 3 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.
Montevideo
SBA loans in Montevideo (504)
- Approvals10
- Gross approval$2,804,000
- Average approval$280,400
- Median approval$208,000
- Largest approval$560,000
- Jobs supported30
- Loans with a final outcome2
- Charged off0
- Median term240 months
- Distinct CDCs3
Counted by borrower city: approvals to borrowers whose address is in Montevideo, in any county, FY2010 to FY2026. Only 2 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.
Montevideo
Flood risk in Montevideo
- NFIP communityCity of Montevideo
- NFIP community number275243
- Participating in the NFIPYes
- Community Rating System classClass 6
- Currently effective map date08/29/75
The City of Montevideo participates in the National Flood Insurance Program as community 275243 and carries Community Rating System class 6, a flood insurance premium discount for policies written there.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Chippewa County, not Montevideo
Chippewa County context, not Montevideo figures
- Establishments in Chippewa County372
- Covered employment, Chippewa County5,290
- Average annual pay, Chippewa County$52,949
- Housing units permitted, Chippewa County12
Every figure in this section is published for Chippewa County as a whole and is not a measurement of Montevideo.
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
Montevideo questions, answered from the record.
How many people live in Montevideo, Minnesota?
5,315, in 2,274 households. Montevideo city covers 4.71 square miles of land, which is 1,128 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Montevideo in?
Chippewa 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 Montevideo?
$68,596. The median owner-occupied home is valued at $141,000. Median gross rent is $851 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Montevideo businesses?
7 7(a) approvals totaling $3.4 m since FY2020, across 5 lenders, median approval $350,000, plus 10 504 approvals worth $2.8 m since FY2010. These count approvals to borrowers whose address is in Montevideo, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Montevideo borrowers get paid back?
No rate is published for Montevideo. Only 3 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 Montevideo in the National Flood Insurance Program?
Yes. Montevideo appears in the FEMA Community Status Book as Montevideo, city of, community 275243, carrying Community Rating System class 6, which is a premium discount for exceeding the program minimum. 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 Montevideo figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Chippewa 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 Montevideo.
Is zoning published for Montevideo?
No. Nothing on this page presents parcel level zoning.
Nearby