HomeMinnesotaLake CountyTwo Harbors
Two Harbors, Minnesota: commercial real estate data.
Two Harbors is a Census city of 3,567 people across 3.27 square miles of land, in Lake County. Median household income is $65,625, 68.2 percent of occupied homes are owned, and the SBA record carries 23 7(a) approvals to borrowers here worth $3.4 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Two Harbors
What Two Harbors is
- Census place typecity
- Land area3.27 sq mi
- Water area0.01 sq mi
- Population per square mile of land1,090
- County holding the largest share of its areaLake 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.
Two Harbors
How many people live in Two Harbors
- Population3,567
- Median age41.2
- Population under 18829
- Share under 1823.2 percent
- Population 65 and over694 plus or minus 140
- Share 65 and over19.5 percent plus or minus 3.9
- Households1,545
- Family households900
- Share of households that are families58.3 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Two Harbors
Income and work in Two Harbors
- Median household income$65,625
- Per capita income$33,078
- Civilian labor force1,742
- Employed1,736
- Unemployed6 plus or minus 11
- Unemployment rate0.3 percent plus or minus 0.6
- Adults 25 and over2,519
- Adults 25 and over with a high school diploma or higher93.3 percent
- Adults 25 and over with a bachelor degree or higher22.0 percent plus or minus 5.4
- Adults 25 and over with a graduate degree7.2 percent plus or minus 3.4
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Two Harbors
Housing in Two Harbors
- Housing units1,785
- Occupied units1,545
- Vacant units240 plus or minus 110
- Vacancy rate13.4 percent plus or minus 6.1
- Owner occupied1,054
- Renter occupied491 plus or minus 116
- Ownership rate68.2 percent
- Median owner-occupied home value$206,800
- Median gross rent, monthly$1,079
- Annual rent as a share of median income19.7 percent
- Single family units1,225
- Share single family68.6 percent
- Units in buildings of two or more550 plus or minus 149
- Share in buildings of two or more30.8 percent plus or minus 8.0
- Mobile homes10 plus or minus 16
- Median year structure built1951
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Two Harbors
How Two Harbors gets to work
- Workers 16 and over who commute1,617
- Commuting under 15 minutes762 plus or minus 153
- Share commuting under 15 minutes47.1 percent
- Commuting 30 minutes or more714 plus or minus 162
- Share commuting 30 minutes or more44.2 percent
- Drove alone79.9 percent
- Carpooled8.4 percent plus or minus 4.3
- Public transport0.8 percent plus or minus 1.2
- Walked6.1 percent plus or minus 4.2
- Worked from home4.0 percent plus or minus 2.1
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Two Harbors
SBA loans in Two Harbors (7(a))
- Approvals23
- Gross approval$3,362,100
- Average approval$146,178
- Median approval$100,000
- Ninetieth percentile approval$249,620
- Largest approval$985,000
- Jobs supported201
- Jobs per approval8.7
- Loans with a final outcome12
- Paid in full12
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more13.0 percent
- Share to franchises0.0 percent
- Distinct lenders10
- Distinct industries by NAICS17
Counted by borrower city: approvals to borrowers whose address is in Two Harbors, in any county, FY2020 to FY2026. Only 12 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.
Two Harbors
SBA loans in Two Harbors (504)
- Approvals16
- Gross approval$12,738,000
- Average approval$796,125
- Median approval$489,500
- Largest approval$4,134,000
- Jobs supported77
- Loans with a final outcome2
- Charged off0
- Median term240 months
- Distinct CDCs3
Counted by borrower city: approvals to borrowers whose address is in Two Harbors, in any county, FY2010 to FY2026. Only 2 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Two Harbors
Flood risk in Two Harbors
- NFIP communityCity of Two Harbors
- NFIP community number270245
- Participating in the NFIPYes
- Community Rating System classNone
The City of Two Harbors participates in the National Flood Insurance Program as community 270245 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Lake County, not Two Harbors
Lake County context, not Two Harbors figures
- Establishments in Lake County340
- Covered employment, Lake County3,902
- Average annual pay, Lake County$54,467
- Housing units permitted, Lake County75
Every figure in this section is published for Lake County as a whole and is not a measurement of Two Harbors.
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
Two Harbors questions, answered from the record.
How many people live in Two Harbors, Minnesota?
3,567, in 1,545 households. Two Harbors city covers 3.27 square miles of land, which is 1,090 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Two Harbors in?
Lake 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 Two Harbors?
$65,625. The median owner-occupied home is valued at $206,800. Median gross rent is $1,079 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Two Harbors businesses?
23 7(a) approvals totaling $3.4 m since FY2020, across 10 lenders, median approval $100,000, plus 16 504 approvals worth $12.7 m since FY2010. These count approvals to borrowers whose address is in Two Harbors, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Two Harbors borrowers get paid back?
No rate is published for Two Harbors. Only 12 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.
Is Two Harbors in the National Flood Insurance Program?
Yes. Two Harbors appears in the FEMA Community Status Book as Two Harbors, city of, community 270245, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Two Harbors figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Lake 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 Two Harbors.
Is zoning published for Two Harbors?
No. Nothing on this page presents parcel level zoning.
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