HomeMinnesotaMartin CountyTruman city
Truman city, Minnesota: commercial real estate data.
Truman city is a Census city of 1,212 people across 1.10 square miles of land, in Martin County. Median household income is $61,188, 65.1 percent of occupied homes are owned, and the SBA record carries 3 7(a) approvals to borrowers here worth $263,700.
76 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Truman
What Truman is
- Census place typecity
- Land area1.1 sq mi
- Water area0 sq mi
- Population per square mile of land1,103
- County holding the largest share of its areaMartin 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.
Truman
How many people live in Truman
- Population1,212
- Median age33.0
- Population under 18351 plus or minus 73
- Share under 1829.0 percent
- Population 65 and over214 plus or minus 47
- Share 65 and over17.7 percent
- Households518
- Family households319 plus or minus 73
- Share of households that are families61.6 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Truman
Income and work in Truman
- Median household income$61,188
- Per capita income$30,457
- Civilian labor force636
- Employed627
- Unemployed9 plus or minus 8
- Unemployment rate1.4 percent plus or minus 1.2
- Adults 25 and over778
- Adults 25 and over with a high school diploma or higher93.7 percent
- Adults 25 and over with a bachelor degree or higher21.5 percent plus or minus 5.2
- Adults 25 and over with a graduate degree5.9 percent plus or minus 2.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Truman
Housing in Truman
- Housing units574
- Occupied units518
- Vacant units56 plus or minus 34
- Vacancy rate9.8 percent plus or minus 5.8
- Owner occupied337
- Renter occupied181 plus or minus 63
- Ownership rate65.1 percent
- Median owner-occupied home value$106,400
- Median gross rent, monthly$1,052
- Annual rent as a share of median income20.6 percent
- Single family units476
- Share single family82.9 percent
- Units in buildings of two or more61 plus or minus 33
- Share in buildings of two or more10.6 percent plus or minus 5.7
- Mobile homes37 plus or minus 42
- Median year structure built1955
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Truman
How Truman gets to work
- Workers 16 and over who commute564
- Commuting under 15 minutes230 plus or minus 63
- Share commuting under 15 minutes40.8 percent
- Commuting 30 minutes or more110 plus or minus 34
- Share commuting 30 minutes or more19.5 percent plus or minus 4.6
- Drove alone84.8 percent
- Carpooled3.7 percent plus or minus 2.5
- Public transport0.0 percent
- Walked2.4 percent plus or minus 2.4
- Worked from home8.7 percent plus or minus 4.4
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Truman
SBA loans in Truman (7(a))
- Approvals3
- Gross approval$263,700
- Average approval$87,900
- Median approval$93,800
- Ninetieth percentile approval$119,900
- Largest approval$119,900
- Jobs supported8
- Jobs per approval2.7
- Loans with a final outcome2
- Paid in full2
- Charged off0
- Median term84 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders3
- Distinct industries by NAICS3
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.
Truman
SBA loans in Truman (504)
- Approvals1
- Gross approval$255,000
- Average approval$255,000
- Median approval$255,000
- Largest approval$255,000
- Jobs supported5
- Loans with a final outcome1
- Charged off0
- Median term120 months
- Distinct CDCs1
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Martin County, not Truman
Martin County context, not Truman figures
These are Martin County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Truman measurements.
- Establishments in Martin County597
- Employment at those establishments, Martin County7,402
- Covered employment, Martin County8,245
- Average annual pay, Martin County$53,706
- Average weekly wage, Martin County$1,033
- Housing units permitted, Martin County27
- Of those, single family, Martin County23
- County product, 2024, Martin County$1,428,662,000
- County product change over the prior year, Martin County13.6 percent
- Average income of an arriving household, Martin County$50,911
Every figure in this section is published for Martin County as a whole and is not a measurement of Truman. 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
Truman questions, answered from the record.
How many people live in Truman, Minnesota?
1,212, in 518 households. Truman city covers 1.10 square miles of land, which is 1,103 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Truman in?
Martin 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 Truman?
$61,188. The median owner-occupied home is valued at $106,400. Median gross rent is $1,052 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Truman businesses?
3 7(a) approvals totalling $263,700, across 3 lenders, median approval $93,800, plus 1 504 approvals worth $255,000. These count approvals to borrowers whose address is in Truman, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Truman borrowers get paid back?
No rate is published for Truman. 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 Truman figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Martin 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 Truman.
Is zoning published for Truman?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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