HomeMinnesotaPennington CountyThief River Falls city
Thief River Falls city, Minnesota: commercial real estate data.
Thief River Falls city is a Census city of 8,823 people across 6.00 square miles of land, in Pennington County. Median household income is $71,144, 63.7 percent of occupied homes are owned, and the SBA record carries 9 7(a) approvals to borrowers here worth $7.2 m.
76 sourced place values · tier FULL · 8 sections
Thief River Falls
What Thief River Falls is
- Census place typecity
- Land area6 sq mi
- Water area0.18 sq mi
- Population per square mile of land1,470
- County holding the largest share of its areaPennington 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.
Thief River Falls
How many people live in Thief River Falls
- Population8,823
- Median age37.8
- Population under 181,716
- Share under 1819.4 percent
- Population 65 and over1,733
- Share 65 and over19.6 percent
- Households4,198
- Family households2,115
- Share of households that are families50.4 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Thief River Falls
Income and work in Thief River Falls
- Median household income$71,144
- Per capita income$40,447
- Civilian labor force5,059
- Employed4,924
- Unemployed135 plus or minus 66
- Unemployment rate2.7 percent plus or minus 1.3
- Adults 25 and over6,168
- Adults 25 and over with a high school diploma or higher94.6 percent
- Adults 25 and over with a bachelor degree or higher21.2 percent
- Adults 25 and over with a graduate degree5.6 percent plus or minus 1.7
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Thief River Falls
Housing in Thief River Falls
- Housing units4,601
- Occupied units4,198
- Vacant units403 plus or minus 183
- Vacancy rate8.8 percent plus or minus 4.0
- Owner occupied2,675
- Renter occupied1,523
- Ownership rate63.7 percent
- Median owner-occupied home value$175,400
- Median gross rent, monthly$838
- Annual rent as a share of median income14.1 percent
- Single family units2,845
- Share single family61.8 percent
- Units in buildings of two or more1,525
- Share in buildings of two or more33.1 percent
- Mobile homes231 plus or minus 84
- Median year structure built1972
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Thief River Falls
How Thief River Falls gets to work
- Workers 16 and over who commute4,379
- Commuting under 15 minutes3,769
- Share commuting under 15 minutes86.1 percent
- Commuting 30 minutes or more315 plus or minus 107
- Share commuting 30 minutes or more7.2 percent plus or minus 2.4
- Drove alone74.8 percent
- Carpooled9.9 percent plus or minus 2.9
- Public transport0.4 percent plus or minus 0.5
- Walked2.9 percent plus or minus 1.5
- Worked from home8.2 percent plus or minus 2.1
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Thief River Falls
SBA 7(a) lending to Thief River Falls borrowers
- Approvals9
- Gross approval$7,206,900
- Average approval$800,767
- Median approval$347,000
- Ninetieth percentile approval$2,076,000
- Largest approval$2,076,000
- Jobs supported92
- Jobs per approval10.2
- Loans with a final outcome1
- Paid in full1
- Charged off0
- Median term299 months
- Share on real estate terms of 20 years or more66.7 percent
- Share to franchises33.3 percent
- Distinct lenders7
- Distinct industries by NAICS6
A charge-off rate is not published here. only 1 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.
Thief River Falls
SBA 504 lending to Thief River Falls borrowers
- Approvals6
- Gross approval$6,109,000
- Average approval$1,018,167
- Median approval$896,000
- Largest approval$1,821,000
- Jobs supported94
- Loans with a final outcome2
- Charged off0
- Median term300 months
- Distinct CDCs1
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Pennington County, not Thief River Falls
Pennington County context, not Thief River Falls figures
These are Pennington County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Thief River Falls measurements.
- Establishments in Pennington County365
- Employment at those establishments, Pennington County8,929
- Covered employment, Pennington County9,793
- Average annual pay, Pennington County$55,946
- Average weekly wage, Pennington County$1,076
- Housing units permitted, Pennington County10
- Of those, single family, Pennington County10
- County product, 2024, Pennington County$2,742,701,000
- County product change over the prior year, Pennington County3.2 percent
- Average income of an arriving household, Pennington County$51,045
Every figure in this section is published for Pennington County as a whole and is not a measurement of Thief River Falls. 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
Thief River Falls questions, answered from the record.
How many people live in Thief River Falls, Minnesota?
8,823, in 4,198 households. Thief River Falls city covers 6.00 square miles of land, which is 1,470 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Thief River Falls in?
Pennington 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 Thief River Falls?
$71,144. The median owner-occupied home is valued at $175,400. Median gross rent is $838 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Thief River Falls businesses?
9 7(a) approvals totalling $7.2 m, across 7 lenders, median approval $347,000, plus 6 504 approvals worth $6.1 m. These count approvals to borrowers whose address is in Thief River Falls, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Thief River Falls borrowers get paid back?
No rate is published for Thief River Falls. only 1 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 Thief River Falls figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Pennington 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 Thief River Falls.
Is zoning published for Thief River Falls?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
Nearby