Le Sueur County, Minnesota: commercial real estate data.
Le Sueur County, Minnesota had an estimated 29,458 residents on July 1, 2024, up 2.7 percent since the 2020 census base of 28,677, across 449 square miles. County output reached $1.24 bn in 2024, 722 establishments operate here, and the SBA record carries 33 7(a) approvals worth $15.4 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Le Sueur County
How many people live in Le Sueur County
- Population, American Community Survey 2020-202429,113
- Households11,650
- Average household size2.50
- Median household income$94,968
- Median age41.8
- Median gross rent$942 per month
- Median owner-occupied home value$316,500
- Home value to household income3.3 times
- Annual rent as a share of median income11.9 percent
- Adults 25 and over with a bachelor degree or higher26.3 percent
- Adults 25 and over with a graduate degree7.5 percent
- Adults 25 and over20,356
- Population under 186,683
- Share under 1823.0 percent
- Population 65 and over5,483
- Share 65 and over18.8 percent
- Working age population, 18 to 6416,947
- Civilian labor force15,916
- Unemployment rate4.2 percent
- Labor force participation, adults 18 and over71.0 percent
- Rank by population among Minnesota counties38th of 87
- Rank by population among US county-equivalents, Puerto Rico included1501st of 3,222
Le Sueur County is the 38th largest of 87 Minnesota counties by population. A median home costs 3.3 times median household income, which is moderately unaffordable by national standards. Residents under 18 outnumber those 65 and over, at 23.0 percent against 18.8 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Le Sueur County
Is Le Sueur County's population growing?
- Population, July 1, 202429,458
- Census 2020 base population28,677
- Population change since the 2020 census base2.72 percent
- Population change, 2023 to 2024124
- Births, 2024286
- Deaths, 2024230
- Natural change, 202456
- Net domestic migration, 20246
- Net international migration, 202463
- Total net migration, 202469
- Cumulative net domestic migration, 2021 to 2024450
- Rank by growth among US county-equivalents945th of 3,144
The county has grown 2.72 percent since the 2020 census base. The population grew in 2024 from both sources: births exceeded deaths and more people moved in than left.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Le Sueur County
Where are people moving to Le Sueur County from?
- Tax returns filed by households arriving953
- People arriving, from those returns1,751
- Tax returns filed by households leaving856
- Net household movement97
- Adjusted gross income arriving$69.4 m
- Net adjusted gross income movement$3.5 m
- Average income of an arriving household$72,796
- Average income of a leaving household$76,988
- Largest single originScott County (180 households)
- Largest single destinationScott County (109 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Scott County | 180 | 382 | $15.0 m |
| Blue Earth County | 117 | 191 | $7.6 m |
| Nicollet County | 91 | 168 | $7.8 m |
| Dakota County | 85 | 156 | $6.3 m |
| Rice County | 74 | 141 | $5.5 m |
| Hennepin County | 64 | 101 | $4.0 m |
| Sibley County | 23 | 47 | $1.5 m |
| Waseca County | 23 | 45 | $2.1 m |
Households arriving report $4,192 less average income than households leaving, which drains spending power even where headcount holds up. The largest single source of arrivals is Scott 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.
Le Sueur County
What is the Le Sueur County economy?
- County GDP, 2024$1.24 bn
- County GDP, 2023$1.22 bn
- GDP change, 2023 to 20241.8 percent
- GDP change over five years24.8 percent
- Rank by GDP among the Minnesota areas BEA publishes46th of 87
- Rank by GDP among the US county areas BEA publishes1675th of 3,127
- GDP per resident$42,702
Output grew 1.8 percent in the latest year and 24.8 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.
Le Sueur County
Employment by industry in Le Sueur County
- Covered employment, annual average8,667
- Establishments reporting790
- Average annual pay$54,749
- Average weekly wage$1,053
- Manufacturing, employment2,784
- Manufacturing, average annual pay$72,155
- Retail trade, employment954
- Retail trade, average annual pay$28,344
- Health care and social assistance, employment676
- Health care and social assistance, average annual pay$36,365
- Construction, employment634
- Construction, average annual pay$74,481
- Accommodation and food services, employment489
- Finance and insurance, employment255
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Manufacturing | 2,784 | 45 | $72,155 |
| Retail trade | 954 | 80 | $28,344 |
| Health care and social assistance | 676 | 102 | $36,365 |
| Construction | 634 | 138 | $74,481 |
| Accommodation and food services | 489 | 51 | $17,655 |
| Finance and insurance | 255 | 32 | $83,041 |
| Other services, except public administration | 202 | 70 | $30,844 |
| Arts, entertainment and recreation | 116 | 17 | $16,121 |
Manufacturing is the largest private sector at 2,784 jobs, 32.1 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Le Sueur County
How many businesses are in Le Sueur County?
- Establishments, all industries722
- Employment at those establishments7,817
- Annual payroll$458.9 m
- Establishments per 1,000 residents24.8
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.
Le Sueur County
Building permits in Le Sueur County
- Housing units authorized by permit, 202455
- Declared construction value permitted$19.0 m
- Single family units authorized49
- Multifamily units authorized6
- Multifamily share of units10.9 percent
- Average declared value per unit$344,919
- Units authorized per 1,000 households4.7
Single-family homes are 89.1 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Le Sueur County
SBA loans in Le Sueur County (7(a) and 504)
- 7(a) approvals recorded33
- 7(a) gross approval dollars$15.4 m
- Average 7(a) approval$467,682
- Median 7(a) approval$225,000
- 10th percentile approval$29,400
- 90th percentile approval$891,940
- Largest single approval$3,900,000
- Jobs reported supported, 7(a)478
- Jobs per approval14.5
- Distinct 7(a) lenders active17
- Distinct industries receiving approvals24
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer15.2 percent
- Loans on real estate terms5
- Loans on working capital terms, 120 months or shorter25
- Franchise loans3
- Franchise share of approvals9.1 percent
- Leading industry by approval countFull-Service Restaurants (5)
- Most active lenderFrandsen Bank and Trust (7)
- 504 approvals recorded22
- 504 gross approval dollars$15.3 m
- Average 504 approval$693,182
- Median 504 approval$394,500
- Distinct CDCs active6
- 504 jobs per approval5.7
- 504 jobs per million dollars approved8.3
- Most active CDCSoutheastern Minnesota 504 Development Corporation (9)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$30.7 m
The average approval of $467,682 sits well above the median of $225,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. Only 15.2 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.
Le Sueur County
SBA loan default and charge-off rates in Le Sueur County
Do SBA loans in Le Sueur County get paid back?
- Loans with a final outcome recorded8
- Paid in full7
- Charged off1
- Status: Paid in full7
- Status: Exempt from disclosure24
- Status: Charged off1
- Status: Cancelled1
Only 8 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
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.
Le Sueur County
SBA lending by place in Le Sueur County
- Borrower cities with recorded lending8
- New Prague, approvals10
- Le Center, approvals5
- Montgomery, approvals5
- Le Sueur, approvals4
- Waterville, approvals3
- Kasota, approvals3
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| New Prague | 10 | $1,637,800 |
| Le Center | 5 | $2,445,600 |
| Montgomery | 5 | $2,285,100 |
| Le Sueur | 4 | $5,095,000 |
| Waterville | 3 | $2,510,000 |
| Kasota | 3 | $1,265,000 |
| Elysian | 2 | $125,000 |
| Cleveland | 1 | $70,000 |
New Prague accounts for 10 approvals against 5 in Le Center. 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.
Le Sueur County
How large is Le Sueur County?
- Land area449 sq mi
- Rank by land area among Minnesota counties72nd of 87
- Width, east to west24.1 mi
- Height, north to south24 mi
- Geographies sharing a boundary6
- Residents per square mile of land65
- Establishments per square mile1.61
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.
Le Sueur County
Flood risk in Le Sueur County
- Participation of the county's own NFIP community Le Sueur County, unincorporated areasParticipating, community 270246
- Communities in the county in the NFIP Community Status Book12
- Of those, participating in the NFIP12
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Le Sueur 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 Le Sueur County (community 270246), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Le Sueur 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 Le Sueur 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 Le Sueur County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202429,113
- Households11,650
- Average household size2.50
- Median household income$94,968
- Median age41.8
Common questions
Le Sueur County questions, answered from the record.
How many people live in Le Sueur County, Minnesota?
The Census Bureau estimates 29,458 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 29,113, in 11,650 households, ranking 38th of 87 Minnesota counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Le Sueur County's population growing?
The population has grown 2.72 percent since the 2020 census base of 28,677, to 29,458 on July 1, 2024. In 2024 there were 286 births against 230 deaths, with net migration of 69. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Le Sueur County?
$94,968. The median owner-occupied home is valued at $316,500, which is 3.3 times income, and median gross rent is $942 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Le Sueur County?
722 establishments, employing 7,817 people with an annual payroll of $458.9 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 Le Sueur County?
Manufacturing is the largest private sector at 2,784 jobs, 32.1 percent of covered employment. Covered employment averages 8,667 jobs at an average annual pay of $54,749, or $1,053 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Le Sueur County?
33 7(a) approvals totaling $15.4 m since FY2020, across 17 lenders, with a median approval of $225,000, plus 22 504 approvals worth $15.3 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Le Sueur County?
55 housing units were authorized by permit in 2024, with a declared construction value of $19.0 m. Multifamily was 10.9 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Le Sueur 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 Le Sueur County come from?
The largest single origin is Scott County, with 180 households. Arriving households report an average income of $72,796 against $76,988 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Le Sueur 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 Le Sueur 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.
Le Sueur County
Cities and places in Le Sueur.
10 Census places lie wholly or partly in Le Sueur County. All 10 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 |
|---|---|---|---|---|
| New Prague | city | 8,237 | 10 | 42.0 percent here, 58.0 percent Scott County |
| Le Sueur | city | 4,215 | 4 | 89.5 percent here, 10.5 percent Sibley County |
| Montgomery | city | 3,434 | 5 | Wholly in this county |
| Le Center | city | 2,513 | 5 | Wholly in this county |
| Waterville | city | 1,947 | 3 | Wholly in this county |
| Elysian | city | 676 | 2 | Wholly in this county |
| Cleveland | city | 563 | 1 | Wholly in this county |
| Kasota | city | 554 | 3 | Wholly in this county |
| Heidelberg | city | 235 | None recorded | Wholly in this county |
| Kilkenny | city | 125 | None recorded | Wholly in this county |
Nearby