Hubbard County, Minnesota: commercial real estate data.
Hubbard County, Minnesota had an estimated 22,050 residents on July 1, 2024, up 3.3 percent since the 2020 census base of 21,343, across 926 square miles. County output reached $968.2 m in 2024, 630 establishments operate here, and the SBA record carries 64 7(a) approvals worth $12.3 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Hubbard County
How many people live in Hubbard County
- Population, American Community Survey 2020-202421,831
- Households8,964
- Average household size2.44
- Median household income$71,995
- Median age48.6
- Median gross rent$905 per month
- Median owner-occupied home value$282,600
- Home value to household income3.9 times
- Annual rent as a share of median income15.1 percent
- Adults 25 and over with a bachelor degree or higher30.6 percent
- Adults 25 and over with a graduate degree10.3 percent
- Adults 25 and over15,959
- Population under 184,528
- Share under 1820.7 percent
- Population 65 and over5,859
- Share 65 and over26.8 percent
- Working age population, 18 to 6411,444
- Civilian labor force10,279
- Unemployment rate4.4 percent
- Labor force participation, adults 18 and over59.4 percent
- Rank by population among Minnesota counties45th of 87
- Rank by population among US county-equivalents, Puerto Rico included1782nd of 3,222
Hubbard County is the 45th largest of 87 Minnesota counties by population. A median home costs 3.9 times median household income, which is moderately unaffordable by national standards. Residents 65 and over outnumber those under 18, at 26.8 percent against 20.7 percent, which points demand at health care, services and single story product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Hubbard County
Is Hubbard County's population growing?
- Population, July 1, 202422,050
- Census 2020 base population21,343
- Population change since the 2020 census base3.31 percent
- Population change, 2023 to 20245
- Births, 2024163
- Deaths, 2024241
- Natural change, 2024-78
- Net domestic migration, 202478
- Net international migration, 20246
- Total net migration, 202484
- Cumulative net domestic migration, 2021 to 2024871
- Rank by growth among US county-equivalents808th of 3,144
The county has grown 3.31 percent since the 2020 census base. Deaths exceeded births in 2024 and the population still grew, so all of the growth came from people moving in. A market held up by migration is more sensitive to a change in relative cost than one growing from household formation.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Hubbard County
Where are people moving to Hubbard County from?
- Tax returns filed by households arriving689
- People arriving, from those returns1,254
- Tax returns filed by households leaving594
- Net household movement95
- Adjusted gross income arriving$49.3 m
- Net adjusted gross income movement$11.8 m
- Average income of an arriving household$71,581
- Average income of a leaving household$63,128
- Largest single originBeltrami County (117 households)
- Largest single destinationBeltrami County (101 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Beltrami County | 117 | 218 | $5.8 m |
| Hennepin County | 47 | 80 | $5.1 m |
| Cass County | 45 | 76 | $2.9 m |
| Becker County | 38 | 75 | $1.6 m |
| Wadena County | 33 | 64 | $1.8 m |
| Cass County | 31 | 47 | $3.6 m |
Households arriving report $8,453 more average income than households leaving, so the migration is raising local spending power rather than just moving it around. The largest single source of arrivals is Beltrami County, 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.
Hubbard County
What is the Hubbard County economy?
- County GDP, 2024$968.2 m
- County GDP, 2023$974.5 m
- GDP change, 2023 to 2024-0.6 percent
- GDP change over five years13.5 percent
- Rank by GDP among the Minnesota areas BEA publishes55th of 87
- Rank by GDP among the US county areas BEA publishes1869th of 3,127
- GDP per resident$44,349
Output grew -0.6 percent in the latest year and 13.5 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.
Hubbard County
Employment by industry in Hubbard County
- Covered employment, annual average6,263
- Establishments reporting684
- Average annual pay$46,510
- Average weekly wage$894
- Retail trade, employment1,066
- Retail trade, average annual pay$30,923
- Health care and social assistance, employment767
- Health care and social assistance, average annual pay$54,727
- Manufacturing, employment754
- Manufacturing, average annual pay$64,921
- Accommodation and food services, employment748
- Accommodation and food services, average annual pay$18,869
- Construction, employment505
- Transportation and warehousing, employment183
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Retail trade | 1,066 | 104 | $30,923 |
| Health care and social assistance | 767 | 56 | $54,727 |
| Manufacturing | 754 | 28 | $64,921 |
| Accommodation and food services | 748 | 88 | $18,869 |
| Construction | 505 | 118 | $55,170 |
| Transportation and warehousing | 183 | 20 | $60,072 |
| Other services, except public administration | 182 | 59 | $32,015 |
| Administrative and support and waste management services | 132 | 28 | $40,292 |
Retail trade is the largest private sector at 1,066 jobs, 17.0 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Hubbard County
How many businesses are in Hubbard County?
- Establishments, all industries630
- Employment at those establishments4,685
- Annual payroll$226.9 m
- Establishments per 1,000 residents28.9
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Hubbard County
Building permits in Hubbard County
- Housing units authorized by permit, 202425
- Declared construction value permitted$7.0 m
- Single family units authorized23
- Multifamily units authorized2
- Multifamily share of units8.0 percent
- Average declared value per unit$280,218
- Units authorized per 1,000 households2.8
Single-family homes are 92.0 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Hubbard County
SBA loans in Hubbard County (7(a) and 504)
- 7(a) approvals recorded64
- 7(a) gross approval dollars$12.3 m
- Average 7(a) approval$191,695
- Median 7(a) approval$98,000
- 10th percentile approval$18,040
- 90th percentile approval$362,000
- Largest single approval$1,612,800
- Jobs reported supported, 7(a)278
- Jobs per approval4.3
- Distinct 7(a) lenders active14
- Distinct industries receiving approvals40
- Median 7(a) term84 months
- Share of loans on real estate terms, 240 months or longer12.5 percent
- Loans on real estate terms8
- Loans on working capital terms, 120 months or shorter53
- Franchise loans2
- Franchise share of approvals3.1 percent
- Leading industry by approval countBeef Cattle Ranching and Farming (5)
- Most active lenderSecurity Bank USA (21)
- 504 approvals recorded24
- 504 gross approval dollars$7.7 m
- Average 504 approval$319,958
- Median 504 approval$231,500
- Distinct CDCs active4
- 504 jobs per approval3.9
- 504 jobs per million dollars approved12.2
- Most active CDCMidwest Business Finance Corporation (19)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$19.9 m
The average approval of $191,695 sits well above the median of $98,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. Only 12.5 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Hubbard County
SBA loan default and charge-off rates in Hubbard County
Do SBA loans in Hubbard County get paid back?
- Loans with a final outcome recorded30
- Paid in full29
- Charged off1
- Charge-off rate on resolved loans3.3 percent
- Status: Paid in full29
- Status: Exempt from disclosure29
- Status: Cancelled4
- Status: Charged off1
- Status: Committed, not yet disbursed1
Of the 30 loans that have reached a final outcome, 3.3 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong.
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.
Hubbard County
SBA lending by place in Hubbard County
- Borrower cities with recorded lending6
- Park Rapids, approvals27
- Laporte, approvals13
- Bemidji, approvals10
- Nevis, approvals7
- Solway, approvals5
- Menahga, approvals2
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Park Rapids | 27 | $7,841,100 |
| Laporte | 13 | $2,248,500 |
| Bemidji | 10 | $656,800 |
| Nevis | 7 | $739,600 |
| Solway | 5 | $412,500 |
| Menahga | 2 | $370,000 |
Park Rapids accounts for 27 approvals against 13 in Laporte. 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.
Hubbard County
How large is Hubbard County?
- Land area926 sq mi
- Rank by land area among Minnesota counties24th of 87
- Width, east to west24.6 mi
- Height, north to south42.1 mi
- Geographies sharing a boundary5
- Residents per square mile of land24
- Establishments per square mile0.68
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.
Hubbard County
Flood risk in Hubbard County
- Participation of the county's own NFIP community Hubbard County, unincorporated areasParticipating, community 270195
- Communities in the county in the NFIP Community Status Book2
- Of those, participating in the NFIP2
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Hubbard County, EPA zone predicted average indoor radon screening level greater than 4 pCi/LZone 1
The county's own community in the status book, unincorporated Hubbard County (community 270195), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Hubbard County in radon zone 1, a predicted average indoor radon screening level greater than 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 Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, 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 →
Feasibility studies
When a Hubbard 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 Hubbard County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202421,831
- Households8,964
- Average household size2.44
- Median household income$71,995
- Median age48.6
Common questions
Hubbard County questions, answered from the record.
How many people live in Hubbard County, Minnesota?
The Census Bureau estimates 22,050 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 21,831, in 8,964 households, ranking 45th of 87 Minnesota counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Hubbard County's population growing?
The population has grown 3.31 percent since the 2020 census base of 21,343, to 22,050 on July 1, 2024. In 2024 there were 163 births against 241 deaths, with net migration of 84. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Hubbard County?
$71,995. The median owner-occupied home is valued at $282,600, which is 3.9 times income, and median gross rent is $905 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Hubbard County?
630 establishments, employing 4,685 people with an annual payroll of $226.9 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in Hubbard County?
Retail trade is the largest private sector at 1,066 jobs, 17.0 percent of covered employment. Covered employment averages 6,263 jobs at an average annual pay of $46,510, or $894 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Hubbard County?
64 7(a) approvals totaling $12.3 m since FY2020, across 14 lenders, with a median approval of $98,000, plus 24 504 approvals worth $7.7 m since FY2010. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Hubbard County get paid back?
Of the 30 loans that have reached a final outcome, 29 were paid in full and 1 charged off, a charge-off rate of 3.3 percent. Loans still running are excluded, because they have not yet succeeded or failed.
How many building permits were issued in Hubbard County?
25 housing units were authorized by permit in 2024, with a declared construction value of $7.0 m. Multifamily was 8.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Hubbard County?
Zone 1, a predicted average indoor radon screening level greater than 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 Hubbard County come from?
The largest single origin is Beltrami County, with 117 households. Arriving households report an average income of $71,581 against $63,128 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Hubbard 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 Hubbard County?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Hubbard County
Cities and places in Hubbard.
6 Census places lie wholly or partly in Hubbard County. All 6 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Park Rapids | city | 4,270 | 27 | Wholly in this county |
| Nevis | city | 496 | 7 | Wholly in this county |
| Akeley | city | 289 | None recorded | Wholly in this county |
| Lake George | CDP | 204 | None recorded | Wholly in this county |
| Laporte | city | 71 | 13 | Wholly in this county |
| Hubbard | CDP | 53 | None recorded | Wholly in this county |
A further 17 of the county's 64 SBA 7(a) approvals are to borrowers in cities that match no Census place in Hubbard County, the largest being Bemidji (10), Solway (5), Menahga (2). Those are postal cities, unincorporated areas and cities outside the county, so no place row claims them; they are counted in the county total above.
Nearby