HomeMinnesotaLe Sueur CountyMontgomery city
Montgomery city, Minnesota: commercial real estate data.
Montgomery city is a Census city of 3,434 people across 2.51 square miles of land, in Le Sueur County. Median household income is $79,432, 74.8 percent of occupied homes are owned, and the SBA record carries 6 7(a) approvals to borrowers here worth $2.4 m.
76 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Montgomery
What Montgomery is
- Census place typecity
- Land area2.51 sq mi
- Water area0 sq mi
- Population per square mile of land1,366
- County holding the largest share of its areaLe Sueur 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.
Montgomery
How many people live in Montgomery
- Population3,434
- Median age34.3
- Population under 18919
- Share under 1826.8 percent
- Population 65 and over557 plus or minus 142
- Share 65 and over16.2 percent plus or minus 4.1
- Households1,384
- Family households893
- Share of households that are families64.5 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Montgomery
Income and work in Montgomery
- Median household income$79,432
- Per capita income$38,231
- Civilian labor force1,894
- Employed1,838
- Unemployed56 plus or minus 54
- Unemployment rate3.0 percent plus or minus 2.8
- Adults 25 and over2,226
- Adults 25 and over with a high school diploma or higher94.8 percent
- Adults 25 and over with a bachelor degree or higher17.0 percent plus or minus 5.1
- Adults 25 and over with a graduate degree3.7 percent plus or minus 2.7
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Montgomery
Housing in Montgomery
- Housing units1,426
- Occupied units1,384
- Vacant units42 plus or minus 36
- Vacancy rate2.9 percent plus or minus 2.5
- Owner occupied1,035
- Renter occupied349 plus or minus 102
- Ownership rate74.8 percent
- Median owner-occupied home value$234,700
- Median gross rent, monthly$974
- Annual rent as a share of median income14.7 percent plus or minus 3.8
- Single family units1,184
- Share single family83.0 percent
- Units in buildings of two or more231 plus or minus 101
- Share in buildings of two or more16.2 percent plus or minus 6.9
- Mobile homes11 plus or minus 17
- Median year structure built1964
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Montgomery
How Montgomery gets to work
- Workers 16 and over who commute1,526
- Commuting under 15 minutes541 plus or minus 146
- Share commuting under 15 minutes35.5 percent plus or minus 8.7
- Commuting 30 minutes or more668 plus or minus 149
- Share commuting 30 minutes or more43.8 percent
- Drove alone71.6 percent
- Carpooled4.1 percent plus or minus 2.7
- Public transport0.0 percent
- Walked6.4 percent plus or minus 5.8
- Worked from home17.5 percent plus or minus 6.2
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Montgomery
SBA loans in Montgomery (7(a))
- Approvals6
- Gross approval$2,385,100
- Average approval$397,517
- Median approval$582,000
- Ninetieth percentile approval$895,000
- Largest approval$895,000
- Jobs supported61
- Jobs per approval10.2
- Loans with a final outcome2
- Paid in full2
- Charged off0
- Median term240 months
- Share on real estate terms of 20 years or more50.0 percent
- Share to franchises0.0 percent
- Distinct lenders3
- Distinct industries by NAICS4
A charge-off rate is not published here. only 2 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.
Montgomery
SBA loans in Montgomery (504)
- Approvals6
- Gross approval$1,739,000
- Average approval$289,833
- Median approval$201,000
- Largest approval$754,000
- Jobs supported13
- Loans with a final outcome2
- Charged off0
- Median term300 months
- Distinct CDCs3
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Le Sueur County, not Montgomery
Le Sueur County context, not Montgomery figures
These are Le Sueur County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Montgomery measurements.
- Establishments in Le Sueur County722
- Employment at those establishments, Le Sueur County7,817
- Covered employment, Le Sueur County8,667
- Average annual pay, Le Sueur County$54,749
- Average weekly wage, Le Sueur County$1,053
- Housing units permitted, Le Sueur County55
- Of those, single family, Le Sueur County49
- County product, 2024, Le Sueur County$1,243,189,000
- County product change over the prior year, Le Sueur County1.8 percent
- Average income of an arriving household, Le Sueur County$72,796
Every figure in this section is published for Le Sueur County as a whole and is not a measurement of Montgomery. 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
Montgomery questions, answered from the record.
How many people live in Montgomery, Minnesota?
3,434, in 1,384 households. Montgomery city covers 2.51 square miles of land, which is 1,366 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Montgomery in?
Le Sueur 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 Montgomery?
$79,432. The median owner-occupied home is valued at $234,700. Median gross rent is $974 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Montgomery businesses?
6 7(a) approvals totalling $2.4 m, across 3 lenders, median approval $582,000, plus 6 504 approvals worth $1.7 m. These count approvals to borrowers whose address is in Montgomery, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Montgomery borrowers get paid back?
No rate is published for Montgomery. only 2 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 Montgomery figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Le Sueur 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 Montgomery.
Is zoning published for Montgomery?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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