HomeMinnesotaMcLeod CountyLester Prairie
Lester Prairie, Minnesota: commercial real estate data.
Lester Prairie is a Census city of 1,898 people across 1.00 square miles of land, in McLeod County. Median household income is $96,544, 85.8 percent of occupied homes are owned, and the SBA record carries 7 7(a) approvals to borrowers here worth $470,600 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Lester Prairie
What Lester Prairie is
- Census place typecity
- Land area1 sq mi
- Water area0 sq mi
- Population per square mile of land1,892
- County holding the largest share of its areaMcLeod 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.
Lester Prairie
How many people live in Lester Prairie
- Population1,898
- Median age32.8
- Population under 18521
- Share under 1827.4 percent
- Population 65 and over222 plus or minus 47
- Share 65 and over11.7 percent
- Households685
- Family households458
- Share of households that are families66.9 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lester Prairie
Income and work in Lester Prairie
- Median household income$96,544
- Per capita income$38,836
- Civilian labor force1,081
- Employed1,072
- Unemployed9 plus or minus 6
- Unemployment rate0.8 percent plus or minus 0.5
- Adults 25 and over1,127
- Adults 25 and over with a high school diploma or higher90.4 percent
- Adults 25 and over with a bachelor degree or higher13.0 percent plus or minus 3.2
- Adults 25 and over with a graduate degree1.2 percent plus or minus 1.2
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lester Prairie
Housing in Lester Prairie
- Housing units713
- Occupied units685
- Vacant units28 plus or minus 24
- Vacancy rate3.9 percent plus or minus 3.3
- Owner occupied588
- Renter occupied97 plus or minus 38
- Ownership rate85.8 percent
- Median owner-occupied home value$237,400
- Median gross rent, monthly$688
- Annual rent as a share of median income8.6 percent
- Single family units608
- Share single family85.3 percent
- Units in buildings of two or more97 plus or minus 42
- Share in buildings of two or more13.6 percent plus or minus 5.7
- Mobile homes4 plus or minus 5
- Median year structure built1976
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lester Prairie
How Lester Prairie gets to work
- Workers 16 and over who commute972
- Commuting under 15 minutes207 plus or minus 60
- Share commuting under 15 minutes21.3 percent plus or minus 5.1
- Commuting 30 minutes or more457 plus or minus 103
- Share commuting 30 minutes or more47.0 percent
- Drove alone74.9 percent plus or minus 15.3
- Carpooled8.5 percent plus or minus 6.0
- Public transport0.0 percent
- Walked6.6 percent plus or minus 4.0
- Worked from home8.6 percent plus or minus 3.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lester Prairie
SBA loans in Lester Prairie (7(a))
- Approvals7
- Gross approval$470,600
- Average approval$67,229
- Median approval$30,000
- Largest approval$173,300
- Jobs supported31
- Jobs per approval4.4
- 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 lenders3
- Distinct industries by NAICS5
Counted by borrower city: approvals to borrowers whose address is in Lester Prairie, 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.
Lester Prairie
SBA loans in Lester Prairie (504)
- Approvals3
- Gross approval$1,320,000
- Average approval$440,000
- Median approval$232,000
- Largest approval$946,000
- Jobs supported9
- Loans with a final outcome0
- Charged off0
- Median term300 months
- Distinct CDCs3
Counted by borrower city: approvals to borrowers whose address is in Lester Prairie, in any county, FY2010 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Lester Prairie
Flood risk in Lester Prairie
- NFIP communityCity of Lester Prairie
- NFIP community number270265
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date07/07/14
The City of Lester Prairie participates in the National Flood Insurance Program as community 270265 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.
McLeod County, not Lester Prairie
McLeod County context, not Lester Prairie figures
- Establishments in McLeod County956
- Covered employment, McLeod County15,697
- Average annual pay, McLeod County$56,991
- Housing units permitted, McLeod County50
Every figure in this section is published for McLeod County as a whole and is not a measurement of Lester Prairie.
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
Lester Prairie questions, answered from the record.
How many people live in Lester Prairie, Minnesota?
1,898, in 685 households. Lester Prairie city covers 1.00 square miles of land, which is 1,892 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Lester Prairie in?
McLeod 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 Lester Prairie?
$96,544. The median owner-occupied home is valued at $237,400. Median gross rent is $688 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Lester Prairie businesses?
7 7(a) approvals totaling $470,600 since FY2020, across 3 lenders, median approval $30,000, plus 3 504 approvals worth $1.3 m since FY2010. These count approvals to borrowers whose address is in Lester Prairie, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Lester Prairie borrowers get paid back?
No rate is published for Lester Prairie. 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 Lester Prairie in the National Flood Insurance Program?
Yes. Lester Prairie appears in the FEMA Community Status Book as Lester Prairie, city of, community 270265, 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 Lester Prairie figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for McLeod 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 Lester Prairie.
Is zoning published for Lester Prairie?
No. Nothing on this page presents parcel level zoning.
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