Pine County, Minnesota: commercial real estate data.
Pine County, Minnesota had an estimated 30,319 residents on July 1, 2024, up 5.0 percent since the 2020 census base of 28,881, across 1,411 square miles. County output reached $994.9 m in 2024, 627 establishments operate here, and the SBA record carries 51 7(a) approvals worth $17.0 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Pine County
How many people live in Pine County
- Population, American Community Survey 2020-202429,640
- Households12,323
- Average household size2.41
- Median household income$71,146
- Median age45.9
- Median gross rent$877 per month
- Median owner-occupied home value$239,300
- Home value to household income3.4 times
- Annual rent as a share of median income14.8 percent
- Adults 25 and over with a bachelor degree or higher17.4 percent
- Adults 25 and over with a graduate degree5.3 percent
- Adults 25 and over22,042
- Population under 185,657
- Share under 1819.1 percent
- Population 65 and over6,663
- Share 65 and over22.5 percent
- Working age population, 18 to 6417,320
- Civilian labor force14,038
- Unemployment rate5.6 percent
- Labor force participation, adults 18 and over58.5 percent
- Rank by population among Minnesota counties37th of 87
- Rank by population among US county-equivalents, Puerto Rico included1486th of 3,222
Pine County is the 37th largest of 87 Minnesota counties by population. A median home costs 3.4 times median household income, which is moderately unaffordable by national standards. Residents 65 and over outnumber those under 18, at 22.5 percent against 19.1 percent, which points demand at health care, services and single story product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Pine County
Is Pine County's population growing?
- Population, July 1, 202430,319
- Census 2020 base population28,881
- Population change since the 2020 census base4.98 percent
- Population change, 2023 to 2024195
- Births, 2024246
- Deaths, 2024320
- Natural change, 2024-74
- Net domestic migration, 2024233
- Net international migration, 202437
- Total net migration, 2024270
- Cumulative net domestic migration, 2021 to 20241,768
- Rank by growth among US county-equivalents536th of 3,144
The county has grown 4.98 percent since the 2020 census base. Deaths exceeded births in 2024 and the population still grew, so all of the growth came from people moving in. A market held up by migration is more sensitive to a change in relative cost than one growing from household formation.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Pine County
Where are people moving to Pine County from?
- Tax returns filed by households arriving939
- People arriving, from those returns1,685
- Tax returns filed by households leaving724
- Net household movement215
- Adjusted gross income arriving$56.6 m
- Net adjusted gross income movement$20.4 m
- Average income of an arriving household$60,261
- Average income of a leaving household$49,988
- Largest single originChisago County (104 households)
- Largest single destinationChisago County (69 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Chisago County | 104 | 213 | $6.2 m |
| Anoka County | 81 | 133 | $5.7 m |
| Hennepin County | 77 | 127 | $4.9 m |
| Ramsey County | 66 | 128 | $3.5 m |
| Kanabec County | 61 | 126 | $3.6 m |
| Carlton County | 58 | 102 | $3.3 m |
| St. Louis County | 51 | 78 | $2.6 m |
| Washington County | 49 | 83 | $3.1 m |
Households arriving report $10,273 more average income than households leaving, so the migration is raising local spending power rather than just moving it around. The largest single source of arrivals is Chisago 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.
Pine County
What is the Pine County economy?
- County GDP, 2024$994.9 m
- County GDP, 2023$918.0 m
- GDP change, 2023 to 20248.4 percent
- GDP change over five years31.5 percent
- Rank by GDP among the Minnesota areas BEA publishes52nd of 87
- Rank by GDP among the US county areas BEA publishes1850th of 3,127
- GDP per resident$33,566
Output grew 8.4 percent in the latest year and 31.5 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.
Pine County
Employment by industry in Pine County
- Covered employment, annual average7,799
- Establishments reporting733
- Average annual pay$44,269
- Average weekly wage$851
- Retail trade, employment1,086
- Retail trade, average annual pay$30,216
- Accommodation and food services, employment954
- Accommodation and food services, average annual pay$20,915
- Health care and social assistance, employment806
- Health care and social assistance, average annual pay$42,659
- Construction, employment462
- Construction, average annual pay$56,552
- Manufacturing, employment308
- Professional, scientific and technical services, employment197
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Retail trade | 1,086 | 77 | $30,216 |
| Accommodation and food services | 954 | 72 | $20,915 |
| Health care and social assistance | 806 | 86 | $42,659 |
| Construction | 462 | 132 | $56,552 |
| Manufacturing | 308 | 27 | $54,541 |
| Professional, scientific and technical services | 197 | 29 | $60,301 |
| Other services, except public administration | 152 | 60 | $29,150 |
| Information | 150 | 6 | $63,398 |
Retail trade is the largest private sector at 1,086 jobs, 13.9 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Pine County
How many businesses are in Pine County?
- Establishments, all industries627
- Employment at those establishments6,406
- Annual payroll$271.6 m
- Establishments per 1,000 residents21.2
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.
Pine County
Building permits in Pine County
- Housing units authorized by permit, 2024241
- Declared construction value permitted$75.6 m
- Single family units authorized201
- Multifamily units authorized40
- Multifamily share of units16.6 percent
- Average declared value per unit$313,749
- Units authorized per 1,000 households19.6
Single-family homes are 83.4 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Pine County
SBA loans in Pine County (7(a) and 504)
- 7(a) approvals recorded51
- 7(a) gross approval dollars$17.0 m
- Average 7(a) approval$333,037
- Median 7(a) approval$269,900
- 10th percentile approval$44,100
- 90th percentile approval$732,000
- Largest single approval$1,200,000
- Jobs reported supported, 7(a)693
- Jobs per approval13.6
- Distinct 7(a) lenders active16
- Distinct industries receiving approvals36
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer31.4 percent
- Loans on real estate terms16
- Loans on working capital terms, 120 months or shorter31
- Franchise loans4
- Franchise share of approvals7.8 percent
- Leading industry by approval countFull-Service Restaurants (5)
- Most active lenderStearns Bank National Association (10)
- 504 approvals recorded21
- 504 gross approval dollars$6.8 m
- Average 504 approval$325,952
- Median 504 approval$234,000
- Distinct CDCs active3
- 504 jobs per approval5.2
- 504 jobs per million dollars approved16.1
- Most active CDCMidwest Business Finance Corporation (17)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$23.8 m
The average approval of $333,037 sits above the median of $269,900; the median is the better guide to what a typical borrower here gets. 31.4 percent of approvals run on real estate terms of 240 months or more, so this is a market where SBA credit is buying buildings, not just funding operations.
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.
Pine County
SBA loan default and charge-off rates in Pine County
Do SBA loans in Pine County get paid back?
- Loans with a final outcome recorded13
- Paid in full13
- Charged off0
- Status: Paid in full13
- Status: Cancelled3
- Status: Exempt from disclosure33
- Status: Committed, not yet disbursed2
Only 13 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.
Pine County
SBA lending by place in Pine County
- Borrower cities with recorded lending10
- Pine City, approvals27
- Hinckley, approvals7
- Sandstone, approvals4
- Grasston, approvals3
- Brook Park, approvals2
- Askov, approvals2
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Pine City | 27 | $8,872,900 |
| Hinckley | 7 | $3,081,500 |
| Sandstone | 4 | $1,198,800 |
| Grasston | 3 | $877,900 |
| Brook Park | 2 | $801,000 |
| Askov | 2 | $650,000 |
| Sturgeon Lake | 2 | $452,000 |
| Finlayson | 2 | $439,300 |
| 2 other borrower cities | 2 | $611,500 |
Pine City accounts for 27 approvals against 7 in Hinckley. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Pine County
How large is Pine County?
- Land area1,411 sq mi
- Rank by land area among Minnesota counties13th of 87
- Width, east to west40.8 mi
- Height, north to south47.6 mi
- Geographies sharing a boundary6
- Residents per square mile of land21
- Establishments per square mile0.44
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.
Pine County
Flood risk in Pine County
- Participation of the county's own NFIP community Pine County, unincorporated areasParticipating, community 270704
- Communities in the county in the NFIP Community Status Book13
- Of those, participating in the NFIP9
- NFIP participation rate69.2 percent
- Communities carrying a CRS class0
- Radon levels in Pine County, EPA zone predicted average indoor radon screening level from 2 to 4 pCi/LZone 2
The county's own community in the status book, unincorporated Pine County (community 270704), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Pine County in radon zone 2, a predicted average indoor radon screening level from 2 to 4 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. 69.2 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 Pine 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 Pine County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202429,640
- Households12,323
- Average household size2.41
- Median household income$71,146
- Median age45.9
Common questions
Pine County questions, answered from the record.
How many people live in Pine County, Minnesota?
The Census Bureau estimates 30,319 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 29,640, in 12,323 households, ranking 37th of 87 Minnesota counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Pine County's population growing?
The population has grown 4.98 percent since the 2020 census base of 28,881, to 30,319 on July 1, 2024. In 2024 there were 246 births against 320 deaths, with net migration of 270. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Pine County?
$71,146. The median owner-occupied home is valued at $239,300, which is 3.4 times income, and median gross rent is $877 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Pine County?
627 establishments, employing 6,406 people with an annual payroll of $271.6 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 Pine County?
Retail trade is the largest private sector at 1,086 jobs, 13.9 percent of covered employment. Covered employment averages 7,799 jobs at an average annual pay of $44,269, or $851 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Pine County?
51 7(a) approvals totaling $17.0 m since FY2020, across 16 lenders, with a median approval of $269,900, plus 21 504 approvals worth $6.8 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Pine County?
241 housing units were authorized by permit in 2024, with a declared construction value of $75.6 m. Multifamily was 16.6 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Pine County?
Zone 2, a predicted average indoor radon screening level from 2 to 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 Pine County come from?
The largest single origin is Chisago County, with 104 households. Arriving households report an average income of $60,261 against $49,988 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Pine 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 Pine 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.
Pine County
Cities and places in Pine.
14 Census places lie wholly or partly in Pine County. All 14 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 |
|---|---|---|---|---|
| Pine City | city | 3,468 | 27 | Wholly in this county |
| Sandstone | city | 2,482 | 4 | Wholly in this county |
| Rock Creek | city | 1,748 | 1 | Wholly in this county |
| Hinckley | city | 1,596 | 7 | Wholly in this county |
| Sturgeon Lake | city | 568 | 2 | Wholly in this county |
| Willow River | city | 342 | None recorded | Wholly in this county |
| Askov | city | 304 | 2 | Wholly in this county |
| Rutledge | city | 275 | None recorded | Wholly in this county |
| Finlayson | city | 267 | 2 | Wholly in this county |
| Brook Park | city | 143 | 2 | Wholly in this county |
| Kerrick | city | 64 | 1 | Wholly in this county |
| Bruno | city | 42 | None recorded | Wholly in this county |
| Henriette | city | 37 | None recorded | Wholly in this county |
| Denham | city | 33 | None recorded | Wholly in this county |
A further 3 of the county's 51 SBA 7(a) approvals are to borrowers in cities that match no Census place in Pine County, the largest being Grasston (3). Those are postal cities, unincorporated areas and cities outside the county, so no place row claims them; they are counted in the county total above.