HomeMinnesotaGrant CountyElbow Lake
Elbow Lake, Minnesota: commercial real estate data.
Elbow Lake is a Census city of 1,301 people across 1.38 square miles of land, in Grant County. Median household income is $59,792, 68.7 percent of occupied homes are owned, and the SBA record carries 2 7(a) approvals to borrowers here worth $741,000 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Elbow Lake
What Elbow Lake is
- Census place typecity
- Land area1.38 sq mi
- Water area0.37 sq mi
- Population per square mile of land940
- County holding the largest share of its areaGrant 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.
Elbow Lake
How many people live in Elbow Lake
- Population1,301
- Median age37.6
- Population under 18353
- Share under 1827.1 percent
- Population 65 and over216
- Share 65 and over16.6 percent
- Households483
- Family households320
- Share of households that are families66.3 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Elbow Lake
Income and work in Elbow Lake
- Median household income$59,792
- Per capita income$30,931
- Civilian labor force590
- Employed561
- Unemployed29 plus or minus 18
- Unemployment rate4.9 percent plus or minus 3.0
- Adults 25 and over848
- Adults 25 and over with a high school diploma or higher94.8 percent
- Adults 25 and over with a bachelor degree or higher21.1 percent
- Adults 25 and over with a graduate degree6.0 percent plus or minus 2.1
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Elbow Lake
Housing in Elbow Lake
- Housing units533
- Occupied units483
- Vacant units50 plus or minus 34
- Vacancy rate9.4 percent plus or minus 6.3
- Owner occupied332
- Renter occupied151 plus or minus 38
- Ownership rate68.7 percent
- Median owner-occupied home value$126,900
- Median gross rent, monthly$742
- Annual rent as a share of median income14.9 percent plus or minus 3.3
- Single family units398
- Share single family74.7 percent
- Units in buildings of two or more123 plus or minus 42
- Share in buildings of two or more23.1 percent plus or minus 7.3
- Mobile homes12 plus or minus 14
- Median year structure built1958
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Elbow Lake
How Elbow Lake gets to work
- Workers 16 and over who commute504
- Commuting under 15 minutes176
- Share commuting under 15 minutes34.9 percent
- Commuting 30 minutes or more175 plus or minus 55
- Share commuting 30 minutes or more34.7 percent plus or minus 9.5
- Drove alone78.7 percent plus or minus 16.1
- Carpooled10.3 percent plus or minus 6.8
- Public transport0.2 percent plus or minus 0.4
- Walked2.4 percent plus or minus 1.4
- Worked from home7.4 percent plus or minus 3.5
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Elbow Lake
SBA loans in Elbow Lake (7(a))
- Approvals2
- Gross approval$741,000
- Average approval$370,500
- Median approval$370,500
- Largest approval$491,000
- Jobs supported15
- Jobs per approval7.5
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term102 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders2
- Distinct industries by NAICS2
Counted by borrower city: approvals to borrowers whose address is in Elbow Lake, in any county, FY2020 to FY2026. Only 0 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.
Elbow Lake
Flood risk in Elbow Lake
- NFIP communityCity of Elbow Lake
- NFIP community number270769
- Participating in the NFIPYes
- Community Rating System classNone
The City of Elbow Lake participates in the National Flood Insurance Program as community 270769 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.
Grant County, not Elbow Lake
Grant County context, not Elbow Lake figures
- Establishments in Grant County206
- Covered employment, Grant County1,920
- Average annual pay, Grant County$49,396
- Housing units permitted, Grant County2
Every figure in this section is published for Grant County as a whole and is not a measurement of Elbow Lake.
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
Elbow Lake questions, answered from the record.
How many people live in Elbow Lake, Minnesota?
1,301, in 483 households. Elbow Lake city covers 1.38 square miles of land, which is 940 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Elbow Lake in?
Grant 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 Elbow Lake?
$59,792. The median owner-occupied home is valued at $126,900. Median gross rent is $742 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Elbow Lake businesses?
2 7(a) approvals totaling $741,000 since FY2020, across 2 lenders, median approval $370,500. These count approvals to borrowers whose address is in Elbow Lake, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Elbow Lake borrowers get paid back?
No rate is published for Elbow Lake. Only 0 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 Elbow Lake in the National Flood Insurance Program?
Yes. Elbow Lake appears in the FEMA Community Status Book as Elbow Lake, city of, community 270769, 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 Elbow Lake figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Grant 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 Elbow Lake.
Is zoning published for Elbow Lake?
No. Nothing on this page presents parcel level zoning.
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