HomeMinnesotaItasca CountyBovey city
Bovey city, Minnesota: commercial real estate data.
Bovey city 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.
66 sourced place values · tier FULL · 7 sections
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 7(a) lending to Bovey borrowers
- Approvals5
- Gross approval$563,900
- Average approval$112,780
- Median approval$130,400
- Ninetieth percentile approval$200,000
- 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
A charge-off rate is not published here. only 4 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
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
These are Itasca County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Bovey measurements.
- Establishments in Itasca County1,175
- Employment at those establishments, Itasca County13,380
- Covered employment, Itasca County16,608
- Average annual pay, Itasca County$54,071
- Average weekly wage, Itasca County$1,040
- Housing units permitted, Itasca County124
- Of those, single family, Itasca County124
- County product, 2024, Itasca County$2,578,880,000
- County product change over the prior year, Itasca County-7.5 percent
- Average income of an arriving household, Itasca County$70,353
Every figure in this section is published for Itasca County as a whole and is not a measurement of Bovey. 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
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 totalling $563,900, 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 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Bovey figures?
No, and they are labelled 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.