Marshall County, Minnesota: commercial real estate data.
Marshall County, Minnesota had an estimated 8,771 residents on July 1, 2024, down 3.1 percent since the 2020 census base of 9,048, across 1,775 square miles. County output reached $439.4 m in 2024, 259 establishments operate here, and the SBA record carries 7 7(a) approvals worth $6.4 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Marshall County
How many people live in Marshall County
- Population, American Community Survey 2020-20248,909
- Households3,781
- Average household size2.36
- Median household income$72,543
- Median age43.2
- Median gross rent$690 per month
- Median owner-occupied home value$164,500
- Home value to household income2.3 times
- Annual rent as a share of median income11.4 percent
- Adults 25 and over with a bachelor degree or higher18.7 percent
- Adults 25 and over with a graduate degree3.5 percent
- Adults 25 and over6,291
- Population under 182,080
- Share under 1823.3 percent
- Population 65 and over2,051
- Share 65 and over23.0 percent
- Working age population, 18 to 644,778
- Civilian labor force4,437
- Unemployment rate3.5 percent
- Labor force participation, adults 18 and over65.0 percent
- Rank by population among Minnesota counties73rd of 87
- Rank by population among US county-equivalents, Puerto Rico included2566th of 3,222
Marshall County is the 73rd largest of 87 Minnesota counties by population. A median home costs 2.3 times median household income, which is affordable by national standards. Residents under 18 outnumber those 65 and over, at 23.3 percent against 23.0 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Marshall County
Is Marshall County's population growing?
- Population, July 1, 20248,771
- Census 2020 base population9,048
- Population change since the 2020 census base-3.06 percent
- Population change, 2023 to 2024-51
- Births, 202456
- Deaths, 202473
- Natural change, 2024-17
- Net domestic migration, 2024-43
- Net international migration, 20248
- Total net migration, 2024-35
- Cumulative net domestic migration, 2021 to 2024-272
- Rank by growth among US county-equivalents2749th of 3,144
The county has lost 3.06 percent of its population since the 2020 census base. The population fell in 2024 from both sources: deaths exceeded births and more people left than moved in.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Marshall County
Where are people moving to Marshall County from?
- Tax returns filed by households arriving171
- People arriving, from those returns289
- Tax returns filed by households leaving203
- Net household movement-32
- Adjusted gross income arriving$8.5 m
- Net adjusted gross income movement$-1.8 m
- Average income of an arriving household$49,556
- Average income of a leaving household$50,374
- Largest single originPennington County (40 households)
- Largest single destinationPennington County (45 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Pennington County | 40 | 79 | $2.0 m |
Households arriving report $818 less average income than households leaving, which drains spending power even where headcount holds up. The largest single source of arrivals is Pennington 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.
Marshall County
What is the Marshall County economy?
- County GDP, 2024$439.4 m
- County GDP, 2023$525.8 m
- GDP change, 2023 to 2024-16.4 percent
- GDP change over five years-2.3 percent
- Rank by GDP among the Minnesota areas BEA publishes75th of 87
- Rank by GDP among the US county areas BEA publishes2482nd of 3,127
- GDP per resident$49,319
Output grew -16.4 percent in the latest year and -2.3 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.
Marshall County
Employment by industry in Marshall County
- Covered employment, annual average2,435
- Establishments reporting348
- Average annual pay$56,634
- Average weekly wage$1,089
- Manufacturing, employment322
- Manufacturing, average annual pay$57,382
- Retail trade, employment245
- Retail trade, average annual pay$34,508
- Construction, employment172
- Construction, average annual pay$86,353
- Wholesale trade, employment171
- Wholesale trade, average annual pay$95,221
- Other services, except public administration, employment62
- Professional, scientific and technical services, employment36
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Manufacturing | 322 | 13 | $57,382 |
| Retail trade | 245 | 30 | $34,508 |
| Construction | 172 | 38 | $86,353 |
| Wholesale trade | 171 | 18 | $95,221 |
| Other services, except public administration | 62 | 28 | $21,349 |
| Professional, scientific and technical services | 36 | 12 | $73,571 |
Manufacturing is the largest private sector at 322 jobs, 13.2 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Marshall County
How many businesses are in Marshall County?
- Establishments, all industries259
- Employment at those establishments1,525
- Annual payroll$88.3 m
- Establishments per 1,000 residents29.1
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.
Marshall County
Building permits in Marshall County
- Housing units authorized by permit, 20242
- Declared construction value permitted$750,324
- Single family units authorized2
- Multifamily units authorized0
- Multifamily share of units0.0 percent
- Average declared value per unit$375,162
- Units authorized per 1,000 households0.5
Single-family homes are 100.0 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Marshall County
SBA loans in Marshall County (7(a) and 504)
- 7(a) approvals recorded7
- 7(a) gross approval dollars$6.4 m
- Average 7(a) approval$915,300
- Median 7(a) approval$317,500
- Largest single approval$4,000,000
- Jobs reported supported, 7(a)72
- Jobs per approval10.3
- Distinct 7(a) lenders active4
- Distinct industries receiving approvals5
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer14.3 percent
- Loans on real estate terms1
- Loans on working capital terms, 120 months or shorter5
- Franchise loans0
- Franchise share of approvals0.0 percent
- 504 approvals recorded3
- 504 gross approval dollars$1.1 m
- Average 504 approval$356,000
- Median 504 approval$266,000
- Distinct CDCs active2
- 504 jobs per approval5.3
- 504 jobs per million dollars approved15.0
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$7.5 m
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.
Marshall County
SBA loan default and charge-off rates in Marshall County
Do SBA loans in Marshall County get paid back?
- Loans with a final outcome recorded2
- Paid in full2
- Charged off0
- Status: Paid in full2
- Status: Exempt from disclosure5
Only 2 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.
Marshall County
SBA lending by place in Marshall County
- Borrower cities with recorded lending3
- Stephen, approvals4
- Warren, approvals2
- Alvarado, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Stephen | 4 | $5,442,800 |
| Warren | 2 | $955,300 |
| Alvarado | 1 | $9,000 |
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Marshall County
How large is Marshall County?
- Land area1,775 sq mi
- Rank by land area among Minnesota counties10th of 87
- Width, east to west72.1 mi
- Height, north to south25.6 mi
- Geographies sharing a boundary8
- Residents per square mile of land5
- Establishments per square mile0.15
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.
Marshall County
Flood risk in Marshall County
- Participation of the county's own NFIP community Marshall County, unincorporated areasParticipating, community 270638
- Communities in the county in the NFIP Community Status Book9
- Of those, participating in the NFIP9
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Marshall 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 Marshall County (community 270638), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Marshall 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 Marshall 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 Marshall County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-20248,909
- Households3,781
- Average household size2.36
- Median household income$72,543
- Median age43.2
Common questions
Marshall County questions, answered from the record.
How many people live in Marshall County, Minnesota?
The Census Bureau estimates 8,771 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 8,909, in 3,781 households, ranking 73rd of 87 Minnesota counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Marshall County's population growing?
The population has fallen 3.06 percent since the 2020 census base of 9,048, to 8,771 on July 1, 2024. In 2024 there were 56 births against 73 deaths, with net migration of -35. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Marshall County?
$72,543. The median owner-occupied home is valued at $164,500, which is 2.3 times income, and median gross rent is $690 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Marshall County?
259 establishments, employing 1,525 people with an annual payroll of $88.3 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 Marshall County?
Manufacturing is the largest private sector at 322 jobs, 13.2 percent of covered employment. Covered employment averages 2,435 jobs at an average annual pay of $56,634, or $1,089 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Marshall County?
7 7(a) approvals totaling $6.4 m since FY2020, across 4 lenders, with a median approval of $317,500, plus 3 504 approvals worth $1.1 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Marshall County?
2 housing units were authorized by permit in 2024, with a declared construction value of $750,324. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Marshall 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 Marshall County come from?
The largest single origin is Pennington County, with 40 households. Arriving households report an average income of $49,556 against $50,374 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Marshall 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 Marshall 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.
Marshall County
Cities and places in Marshall.
11 Census places lie wholly or partly in Marshall County. All 11 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 |
|---|---|---|---|---|
| Warren | city | 1,680 | 2 | Wholly in this county |
| Stephen | city | 526 | 4 | Wholly in this county |
| Argyle | city | 486 | None recorded | Wholly in this county |
| Newfolden | city | 332 | None recorded | Wholly in this county |
| Middle River | city | 319 | None recorded | Wholly in this county |
| Alvarado | city | 317 | 1 | Wholly in this county |
| Grygla | city | 266 | None recorded | Wholly in this county |
| Oslo | city | 260 | None recorded | Wholly in this county |
| Viking | city | 125 | None recorded | Wholly in this county |
| Holt | city | 95 | None recorded | Wholly in this county |
| Strandquist | city | 91 | None recorded | Wholly in this county |