HomeMinnesotaHennepin CountyMinneapolis city
Minneapolis city, Minnesota: commercial real estate data.
Minneapolis city is a Census city of 427,246 people across 54.00 square miles of land, in Hennepin County. Median household income is $80,846, 47.7 percent of occupied homes are owned, and the SBA record carries 1,714 7(a) approvals to borrowers here worth $742.5 m.
78 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Minneapolis
What Minneapolis is
- Census place typecity
- Land area54 sq mi
- Water area3.51 sq mi
- Population per square mile of land7,912
- County holding the largest share of its areaHennepin 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.
Minneapolis
How many people live in Minneapolis
- Population427,246
- Median age33.4
- Population under 1880,443
- Share under 1818.8 percent
- Population 65 and over48,538
- Share 65 and over11.4 percent
- Households192,734
- Family households79,279
- Share of households that are families41.1 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Minneapolis
Income and work in Minneapolis
- Median household income$80,846
- Per capita income$52,692
- Civilian labor force259,374
- Employed243,945
- Unemployed15,429
- Unemployment rate5.9 percent
- Adults 25 and over289,865
- Adults 25 and over with a high school diploma or higher91.5 percent
- Adults 25 and over with a bachelor degree or higher55.5 percent
- Adults 25 and over with a graduate degree22.2 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Minneapolis
Housing in Minneapolis
- Housing units209,080
- Occupied units192,734
- Vacant units16,346
- Vacancy rate7.8 percent
- Owner occupied91,980
- Renter occupied100,754
- Ownership rate47.7 percent
- Median owner-occupied home value$362,200
- Median gross rent, monthly$1,371
- Annual rent as a share of median income20.3 percent
- Single family units91,551
- Share single family43.8 percent
- Units in buildings of two or more116,939
- Share in buildings of two or more55.9 percent
- Mobile homes570 plus or minus 208
- Median year structure built1951
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Minneapolis
How Minneapolis gets to work
- Workers 16 and over who commute176,738
- Commuting under 15 minutes43,117
- Share commuting under 15 minutes24.4 percent
- Commuting 30 minutes or more43,522
- Share commuting 30 minutes or more24.6 percent
- Drove alone51.9 percent
- Carpooled5.9 percent
- Public transport6.8 percent
- Walked5.8 percent
- Worked from home26.2 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Minneapolis
SBA loans in Minneapolis (7(a))
- Approvals1,714
- Gross approval$742,452,400
- Average approval$433,169
- Median approval$150,000
- Ninetieth percentile approval$1,103,000
- Largest approval$5,000,000
- Jobs supported23,697
- Jobs per approval13.8
- Loans with a final outcome405
- Paid in full380
- Charged off25
- Charge-off rate over resolved loans6.2 percent
- Median term120 months
- Share on real estate terms of 20 years or more8.0 percent
- Share to franchises8.2 percent
- Distinct lenders123
- Distinct industries by NAICS359
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Minneapolis
SBA loans in Minneapolis (504)
- Approvals267
- Gross approval$185,504,000
- Average approval$694,772
- Median approval$481,000
- Largest approval$4,921,000
- Jobs supported3,022
- Loans with a final outcome82
- Charged off1
- Charge-off rate over resolved loans1.2 percent
- Median term240 months
- Distinct CDCs6
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Hennepin County, not Minneapolis
Hennepin County context, not Minneapolis figures
These are Hennepin County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Minneapolis measurements.
- Establishments in Hennepin County40,486
- Employment at those establishments, Hennepin County939,201
- Covered employment, Hennepin County917,117
- Average annual pay, Hennepin County$90,157
- Average weekly wage, Hennepin County$1,734
- Housing units permitted, Hennepin County3,919
- Of those, single family, Hennepin County2,054
- County product, 2024, Hennepin County$193,617,316,000
- County product change over the prior year, Hennepin County5.1 percent
- Average income of an arriving household, Hennepin County$77,501
Every figure in this section is published for Hennepin County as a whole and is not a measurement of Minneapolis. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
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. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
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.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Minneapolis questions, answered from the record.
How many people live in Minneapolis, Minnesota?
427,246, in 192,734 households. Minneapolis city covers 54.00 square miles of land, which is 7,912 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Minneapolis in?
Hennepin 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 Minneapolis?
$80,846. The median owner-occupied home is valued at $362,200. Median gross rent is $1,371 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Minneapolis businesses?
1,714 7(a) approvals totalling $742.5 m, across 123 lenders, median approval $150,000, plus 267 504 approvals worth $185.5 m. These count approvals to borrowers whose address is in Minneapolis, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Minneapolis borrowers get paid back?
Of the 405 loans that have reached a final outcome, 380 were paid in full and 25 charged off, a charge off rate of 6.2 percent. Loans still running are excluded because they have not yet succeeded or failed.
Are the county figures on this page Minneapolis figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Hennepin 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 Minneapolis.
Is zoning published for Minneapolis?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.