HomeMinnesotaMartin CountyWelcome
Welcome, Minnesota: commercial real estate data.
Welcome is a Census city of 978 people across 1.46 square miles of land, in Martin County. Median household income is $49,167, 76.9 percent of occupied homes are owned, and the SBA record carries 5 7(a) approvals to borrowers here worth $650,800 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Welcome
What Welcome is
- Census place typecity
- Land area1.46 sq mi
- Water area0 sq mi
- Population per square mile of land672 plus or minus 150
- 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.
Welcome
How many people live in Welcome
- Population978 plus or minus 218
- Median age34.9
- Population under 18246 plus or minus 90
- Share under 1825.2 percent plus or minus 7.3
- Population 65 and over148 plus or minus 53
- Share 65 and over15.1 percent plus or minus 4.2
- Households376 plus or minus 76
- Family households278 plus or minus 75
- Share of households that are families73.9 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Welcome
Income and work in Welcome
- Median household income$49,167 plus or minus $18,768
- Per capita income$24,541
- Civilian labor force462 plus or minus 101
- Employed421 plus or minus 90
- Unemployed41 plus or minus 31
- Unemployment rate8.9 percent plus or minus 6.4
- Adults 25 and over675
- Adults 25 and over with a high school diploma or higher94.2 percent
- Adults 25 and over with a bachelor degree or higher17.6 percent plus or minus 9.4
- Adults 25 and over with a graduate degree3.0 percent plus or minus 1.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Welcome
Housing in Welcome
- Housing units397
- Occupied units376 plus or minus 76
- Vacant units21 plus or minus 20
- Vacancy rate5.3 percent plus or minus 4.9
- Owner occupied289 plus or minus 67
- Renter occupied87 plus or minus 49
- Ownership rate76.9 percent
- Median owner-occupied home value$101,600
- Median gross rent, monthly$882
- Annual rent as a share of median income21.5 percent plus or minus 9.2
- Single family units316 plus or minus 66
- Share single family79.6 percent
- Units in buildings of two or more53 plus or minus 47
- Share in buildings of two or more13.4 percent plus or minus 11.7
- Mobile homes28 plus or minus 31
- Median year structure built1950
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Welcome
How Welcome gets to work
- Workers 16 and over who commute414 plus or minus 90
- Commuting under 15 minutes97 plus or minus 36
- Share commuting under 15 minutes23.4 percent plus or minus 7.2
- Commuting 30 minutes or more89 plus or minus 42
- Share commuting 30 minutes or more21.5 percent plus or minus 9.0
- Drove alone90.5 percent
- Carpooled7.1 percent plus or minus 2.7
- Public transport0.0 percent
- Walked0.7 percent plus or minus 0.7
- Worked from home1.7 percent plus or minus 1.1
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Welcome
SBA loans in Welcome (7(a))
- Approvals5
- Gross approval$650,800
- Average approval$130,160
- Median approval$100,000
- Largest approval$360,000
- Jobs supported11
- Jobs per approval2.2
- Loans with a final outcome2
- Paid in full2
- Charged off0
- Median term60 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders1
- Distinct industries by NAICS5
Counted by borrower city: approvals to borrowers whose address is in Welcome, in any county, FY2020 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, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Welcome
Flood risk in Welcome
- NFIP communityCity of Welcome
- NFIP community number270279
- Participating in the NFIPNo
- Community Rating System classNone
- Currently effective map date07/16/76
The City of Welcome does not participate in the National Flood Insurance Program as community 270279 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.
Martin County, not Welcome
Martin County context, not Welcome figures
- Establishments in Martin County597
- Covered employment, Martin County8,245
- Average annual pay, Martin County$53,706
- Housing units permitted, Martin County27
Every figure in this section is published for Martin County as a whole and is not a measurement of Welcome.
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
Welcome questions, answered from the record.
How many people live in Welcome, Minnesota?
978, in 376 households. Welcome city covers 1.46 square miles of land, which is 672 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Welcome 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 Welcome?
$49,167. The median owner-occupied home is valued at $101,600. Median gross rent is $882 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Welcome businesses?
5 7(a) approvals totaling $650,800 since FY2020, across 1 lenders, median approval $100,000. These count approvals to borrowers whose address is in Welcome, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Welcome borrowers get paid back?
No rate is published for Welcome. Only 2 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 Welcome in the National Flood Insurance Program?
No, it is listed but not participating. Welcome appears in the FEMA Community Status Book as Welcome, city of, community 270279, 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 Welcome figures?
No, and they are labeled 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 Welcome.
Is zoning published for Welcome?
No. Nothing on this page presents parcel level zoning.
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