HomeMinnesotaItasca CountyBovey
Bovey, Minnesota: commercial real estate data.
Bovey is a Census city of 646 people across 2.30 square miles of land, in Itasca County. Median household income is $64,083, 71.7 percent of occupied homes are owned, and the SBA record carries 5 7(a) approvals to borrowers here worth $563,900 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Bovey
What Bovey is
- Census place typecity
- Land area2.3 sq mi
- Water area0.01 sq mi
- Population per square mile of land281 plus or minus 75
- County holding the largest share of its areaItasca 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.
Bovey
How many people live in Bovey
- Population646 plus or minus 172
- Median age30.1
- Population under 18177 plus or minus 67
- Share under 1827.4 percent plus or minus 7.4
- Population 65 and over65 plus or minus 33
- Share 65 and over10.1 percent plus or minus 4.4
- Households269 plus or minus 72
- Family households150 plus or minus 57
- Share of households that are families55.8 percent plus or minus 15.0
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Bovey
Income and work in Bovey
- Median household income$64,083
- Per capita income$29,075
- Civilian labor force302 plus or minus 108
- Employed302 plus or minus 108
- Unemployed0
- Unemployment rate0.0 percent
- Adults 25 and over400 plus or minus 111
- Adults 25 and over with a high school diploma or higher91.5 percent plus or minus 35.1
- Adults 25 and over with a bachelor degree or higher15.3 percent plus or minus 7.1
- Adults 25 and over with a graduate degree9.0 percent plus or minus 6.5
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Bovey
Housing in Bovey
- Housing units304 plus or minus 72
- Occupied units269 plus or minus 72
- Vacant units35 plus or minus 26
- Vacancy rate11.5 percent plus or minus 8.1
- Owner occupied193 plus or minus 66
- Renter occupied76 plus or minus 39
- Ownership rate71.7 percent plus or minus 15.3
- Median owner-occupied home value$122,800
- Median gross rent, monthly$948
- Annual rent as a share of median income17.8 percent
- Single family units236 plus or minus 68
- Share single family77.6 percent
- Units in buildings of two or more57 plus or minus 35
- Share in buildings of two or more18.8 percent plus or minus 10.6
- Mobile homes11 plus or minus 13
- Median year structure built1943
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Bovey
How Bovey gets to work
- Workers 16 and over who commute264 plus or minus 105
- Commuting under 15 minutes87 plus or minus 53
- Share commuting under 15 minutes33.0 percent plus or minus 15.2
- Commuting 30 minutes or more58 plus or minus 35
- Share commuting 30 minutes or more22.0 percent plus or minus 9.7
- Drove alone73.5 percent
- Carpooled15.8 percent plus or minus 10.9
- Public transport0.3 percent plus or minus 1.0
- Walked0.0 percent
- Worked from home9.3 percent plus or minus 6.8
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Bovey
SBA loans in Bovey (7(a))
- Approvals5
- Gross approval$563,900
- Average approval$112,780
- Median approval$130,400
- Largest approval$200,000
- Jobs supported10
- Jobs per approval2.0
- Loans with a final outcome4
- Paid in full4
- Charged off0
- Median term84 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders3
- Distinct industries by NAICS4
Counted by borrower city: approvals to borrowers whose address is in Bovey, in any county, FY2020 to FY2026. Only 4 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.
Itasca County, not Bovey
Itasca County context, not Bovey figures
- Establishments in Itasca County1,175
- Covered employment, Itasca County16,608
- Average annual pay, Itasca County$54,071
- Housing units permitted, Itasca County124
Every figure in this section is published for Itasca County as a whole and is not a measurement of Bovey.
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
Bovey questions, answered from the record.
How many people live in Bovey, Minnesota?
646, in 269 households. Bovey city covers 2.30 square miles of land, which is 281 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Bovey in?
Itasca 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 Bovey?
$64,083. The median owner-occupied home is valued at $122,800. Median gross rent is $948 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Bovey businesses?
5 7(a) approvals totaling $563,900 since FY2020, across 3 lenders, median approval $130,400. These count approvals to borrowers whose address is in Bovey, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Bovey borrowers get paid back?
No rate is published for Bovey. Only 4 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.
Are the county figures on this page Bovey figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Itasca 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 Bovey.
Is zoning published for Bovey?
No. Nothing on this page presents parcel level zoning.