HomeMinnesotaKandiyohi CountySpicer city
Spicer city, Minnesota: commercial real estate data.
Spicer city is a Census city of 1,222 people across 1.22 square miles of land, in Kandiyohi County. Median household income is $77,969, 67.5 percent of occupied homes are owned, and the SBA record carries 17 7(a) approvals to borrowers here worth $5.7 m.
77 sourced place values · tier FULL · 8 sections
Spicer
What Spicer is
- Census place typecity
- Land area1.22 sq mi
- Water area0.01 sq mi
- Population per square mile of land1,000
- County holding the largest share of its areaKandiyohi 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.
Spicer
How many people live in Spicer
- Population1,222
- Median age46.4
- Population under 18253 plus or minus 82
- Share under 1820.7 percent plus or minus 5.4
- Population 65 and over227 plus or minus 58
- Share 65 and over18.6 percent
- Households551
- Family households300 plus or minus 63
- Share of households that are families54.4 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Spicer
Income and work in Spicer
- Median household income$77,969
- Per capita income$48,005
- Civilian labor force705 plus or minus 150
- Employed696 plus or minus 150
- Unemployed9 plus or minus 8
- Unemployment rate1.3 percent plus or minus 1.1
- Adults 25 and over875
- Adults 25 and over with a high school diploma or higher98.1 percent plus or minus 20.8
- Adults 25 and over with a bachelor degree or higher29.9 percent
- Adults 25 and over with a graduate degree12.3 percent plus or minus 4.0
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Spicer
Housing in Spicer
- Housing units686
- Occupied units551
- Vacant units135 plus or minus 77
- Vacancy rate19.7 percent plus or minus 10.8
- Owner occupied372
- Renter occupied179 plus or minus 44
- Ownership rate67.5 percent
- Median owner-occupied home value$294,700
- Median gross rent, monthly$859
- Annual rent as a share of median income13.2 percent
- Single family units537
- Share single family78.3 percent
- Units in buildings of two or more149 plus or minus 40
- Share in buildings of two or more21.7 percent plus or minus 4.8
- Mobile homes0
- Median year structure built1984
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Spicer
How Spicer gets to work
- Workers 16 and over who commute654 plus or minus 145
- Commuting under 15 minutes319 plus or minus 112
- Share commuting under 15 minutes48.8 percent plus or minus 13.3
- Commuting 30 minutes or more74 plus or minus 29
- Share commuting 30 minutes or more11.3 percent plus or minus 3.6
- Drove alone84.6 percent
- Carpooled6.0 percent plus or minus 3.4
- Public transport1.2 percent plus or minus 1.1
- Walked0.9 percent plus or minus 1.2
- Worked from home3.8 percent plus or minus 2.4
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Spicer
SBA 7(a) lending to Spicer borrowers
- Approvals17
- Gross approval$5,679,000
- Average approval$334,059
- Median approval$300,000
- Ninetieth percentile approval$618,000
- Largest approval$1,277,500
- Jobs supported187
- Jobs per approval11.0
- Loans with a final outcome11
- Paid in full11
- Charged off0
- Charge-off rate over resolved loans0.0 percent
- Median term120 months
- Share on real estate terms of 20 years or more17.6 percent
- Share to franchises11.8 percent
- Distinct lenders7
- Distinct industries by NAICS12
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Spicer
SBA 504 lending to Spicer borrowers
- Approvals14
- Gross approval$5,709,000
- Average approval$407,786
- Median approval$351,000
- Largest approval$921,000
- Jobs supported67
- Loans with a final outcome7
- Charged off0
- Median term240 months
- Distinct CDCs1
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Kandiyohi County, not Spicer
Kandiyohi County context, not Spicer figures
These are Kandiyohi County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Spicer measurements.
- Establishments in Kandiyohi County1,416
- Employment at those establishments, Kandiyohi County18,568
- Covered employment, Kandiyohi County23,173
- Average annual pay, Kandiyohi County$51,980
- Average weekly wage, Kandiyohi County$1,000
- Housing units permitted, Kandiyohi County194
- Of those, single family, Kandiyohi County70
- County product, 2024, Kandiyohi County$3,137,673,000
- County product change over the prior year, Kandiyohi County4.2 percent
- Average income of an arriving household, Kandiyohi County$64,000
Every figure in this section is published for Kandiyohi County as a whole and is not a measurement of Spicer. 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
Spicer questions, answered from the record.
How many people live in Spicer, Minnesota?
1,222, in 551 households. Spicer city covers 1.22 square miles of land, which is 1,000 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Spicer in?
Kandiyohi 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 Spicer?
$77,969. The median owner-occupied home is valued at $294,700. Median gross rent is $859 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Spicer businesses?
17 7(a) approvals totalling $5.7 m, across 7 lenders, median approval $300,000, plus 14 504 approvals worth $5.7 m. These count approvals to borrowers whose address is in Spicer, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Spicer borrowers get paid back?
Of the 11 loans that have reached a final outcome, 11 were paid in full and 0 charged off, a charge off rate of 0.0 percent. Loans still running are excluded because they have not yet succeeded or failed.
Are the county figures on this page Spicer figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Kandiyohi 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 Spicer.
Is zoning published for Spicer?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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