Pipestone County, Minnesota: commercial real estate data.
Pipestone County, Minnesota had an estimated 9,100 residents on July 1, 2024, down 3.3 percent since the 2020 census base of 9,415, across 465 square miles. County output reached $988.4 m in 2024, 312 establishments operate here, and the SBA record carries 2 7(a) approvals worth $1.3 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Pipestone County
How many people live in Pipestone County
- Population, American Community Survey 2020-20249,284
- Households3,971
- Average household size2.34
- Median household income$69,628
- Median age40.4
- Median gross rent$754 per month
- Median owner-occupied home value$140,200
- Home value to household income2.0 times
- Annual rent as a share of median income13.0 percent
- Adults 25 and over with a bachelor degree or higher21.8 percent
- Adults 25 and over with a graduate degree6.6 percent
- Adults 25 and over6,217
- Population under 182,494
- Share under 1826.9 percent
- Population 65 and over1,908
- Share 65 and over20.6 percent
- Working age population, 18 to 644,882
- Civilian labor force4,716
- Unemployment rate3.2 percent
- Labor force participation, adults 18 and over69.5 percent
- Rank by population among Minnesota counties72nd of 87
- Rank by population among US county-equivalents, Puerto Rico included2543rd of 3,222
Pipestone County is the 72nd largest of 87 Minnesota counties by population. A median home costs 2.0 times median household income, which is affordable by national standards. Residents under 18 outnumber those 65 and over, at 26.9 percent against 20.6 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Pipestone County
Is Pipestone County's population growing?
- Population, July 1, 20249,100
- Census 2020 base population9,415
- Population change since the 2020 census base-3.35 percent
- Population change, 2023 to 2024-135
- Births, 202482
- Deaths, 2024148
- Natural change, 2024-66
- Net domestic migration, 2024-98
- Net international migration, 202431
- Total net migration, 2024-67
- Cumulative net domestic migration, 2021 to 2024-290
- Rank by growth among US county-equivalents2797th of 3,144
The county has lost 3.35 percent of its population since the 2020 census base. The population fell in 2024 from both sources: deaths exceeded births and more people left than moved in.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Pipestone County
Where are people moving to Pipestone County from?
- Tax returns filed by households arriving154
- People arriving, from those returns274
- Tax returns filed by households leaving192
- Net household movement-38
- Adjusted gross income arriving$8.0 m
- Net adjusted gross income movement$-1.4 m
- Average income of an arriving household$52,175
- Average income of a leaving household$49,016
- Largest single originMinnehaha County (23 households)
- Largest single destinationMinnehaha County (36 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Minnehaha County | 23 | 43 | $1.3 m |
Households arriving report $3,159 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 Minnehaha 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.
Pipestone County
What is the Pipestone County economy?
- County GDP, 2024$988.4 m
- County GDP, 2023$888.0 m
- GDP change, 2023 to 202411.3 percent
- GDP change over five years52.5 percent
- Rank by GDP among the Minnesota areas BEA publishes54th of 87
- Rank by GDP among the US county areas BEA publishes1858th of 3,127
- GDP per resident$106,464
Output grew 11.3 percent in the latest year and 52.5 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.
Pipestone County
Employment by industry in Pipestone County
- Covered employment, annual average4,302
- Establishments reporting399
- Average annual pay$50,888
- Average weekly wage$979
- Retail trade, employment493
- Retail trade, average annual pay$29,625
- Manufacturing, employment332
- Manufacturing, average annual pay$57,403
- Construction, employment320
- Construction, average annual pay$69,700
- Professional, scientific and technical services, employment262
- Professional, scientific and technical services, average annual pay$84,256
- Wholesale trade, employment247
- Transportation and warehousing, employment121
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Retail trade | 493 | 53 | $29,625 |
| Manufacturing | 332 | 15 | $57,403 |
| Construction | 320 | 60 | $69,700 |
| Professional, scientific and technical services | 262 | 20 | $84,256 |
| Wholesale trade | 247 | 26 | $69,910 |
| Transportation and warehousing | 121 | 25 | $45,774 |
| Finance and insurance | 114 | 16 | $66,969 |
| Other services, except public administration | 88 | 25 | $35,827 |
Retail trade is the largest private sector at 493 jobs, 11.5 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Pipestone County
How many businesses are in Pipestone County?
- Establishments, all industries312
- Employment at those establishments3,196
- Annual payroll$148.9 m
- Establishments per 1,000 residents33.6
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.
Pipestone County
Building permits in Pipestone County
- Housing units authorized by permit, 20248
- Declared construction value permitted$3.3 m
- Single family units authorized6
- Multifamily units authorized2
- Multifamily share of units25.0 percent
- Average declared value per unit$411,250
- Units authorized per 1,000 households2.0
Single-family homes are 75.0 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Pipestone County
SBA loans in Pipestone County (7(a) and 504)
- 7(a) approvals recorded2
- 7(a) gross approval dollars$1.3 m
- Average 7(a) approval$648,750
- Median 7(a) approval$648,750
- Largest single approval$1,000,000
- Jobs reported supported, 7(a)30
- Jobs per approval15.0
- Distinct 7(a) lenders active1
- Distinct industries receiving approvals2
- Median 7(a) term303 months
- Share of loans on real estate terms, 240 months or longer100.0 percent
- Loans on real estate terms2
- Loans on working capital terms, 120 months or shorter0
- Franchise loans1
- Franchise share of approvals50.0 percent
- 504 approvals recorded6
- 504 gross approval dollars$2.2 m
- Average 504 approval$374,667
- Median 504 approval$223,000
- Distinct CDCs active1
- 504 jobs per approval6.0
- 504 jobs per million dollars approved16.0
- Most active CDCMidwest Business Finance Corporation (6)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$3.5 m
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.
Pipestone County
SBA loan default and charge-off rates in Pipestone County
Do SBA loans in Pipestone County get paid back?
- Loans with a final outcome recorded0
- Paid in full0
- Charged off0
- Status: Exempt from disclosure2
Only 0 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.
Pipestone County
How large is Pipestone County?
- Land area465 sq mi
- Rank by land area among Minnesota counties71st of 87
- Width, east to west19.4 mi
- Height, north to south24 mi
- Geographies sharing a boundary5
- Residents per square mile of land20
- Establishments per square mile0.67
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.
Pipestone County
Flood risk in Pipestone County
- Participation of the county's own NFIP community Pipestone County, unincorporated areasParticipating, community 270627
- Communities in the county in the NFIP Community Status Book9
- Of those, participating in the NFIP5
- NFIP participation rate55.6 percent
- Communities carrying a CRS class0
- Radon levels in Pipestone County, EPA zone predicted average indoor radon screening level greater than 4 pCi/LZone 1
The county's own community in the status book, unincorporated Pipestone County (community 270627), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Pipestone County in radon zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. 55.6 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 Pipestone 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 Pipestone County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-20249,284
- Households3,971
- Average household size2.34
- Median household income$69,628
- Median age40.4
Common questions
Pipestone County questions, answered from the record.
How many people live in Pipestone County, Minnesota?
The Census Bureau estimates 9,100 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 9,284, in 3,971 households, ranking 72nd of 87 Minnesota counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Pipestone County's population growing?
The population has fallen 3.35 percent since the 2020 census base of 9,415, to 9,100 on July 1, 2024. In 2024 there were 82 births against 148 deaths, with net migration of -67. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Pipestone County?
$69,628. The median owner-occupied home is valued at $140,200, which is 2.0 times income, and median gross rent is $754 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Pipestone County?
312 establishments, employing 3,196 people with an annual payroll of $148.9 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 Pipestone County?
Retail trade is the largest private sector at 493 jobs, 11.5 percent of covered employment. Covered employment averages 4,302 jobs at an average annual pay of $50,888, or $979 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Pipestone County?
2 7(a) approvals totaling $1.3 m since FY2020, across 1 lenders, with a median approval of $648,750, plus 6 504 approvals worth $2.2 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Pipestone County?
8 housing units were authorized by permit in 2024, with a declared construction value of $3.3 m. Multifamily was 25.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Pipestone County?
Zone 1, a predicted average indoor radon screening level greater than 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 Pipestone County come from?
The largest single origin is Minnehaha County, with 23 households. Arriving households report an average income of $52,175 against $49,016 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Pipestone 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 Pipestone 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.
Pipestone County
Cities and places in Pipestone.
9 Census places lie wholly or partly in Pipestone County. All 9 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 |
|---|---|---|---|---|
| Pipestone | city | 4,129 | 2 | Wholly in this county |
| Edgerton | city | 1,104 | None recorded | Wholly in this county |
| Jasper | city | 818 | None recorded | 48.9 percent here, 51.1 percent Rock County |
| Holland | city | 292 | None recorded | Wholly in this county |
| Ruthton | city | 222 | None recorded | Wholly in this county |
| Woodstock | city | 200 | None recorded | Wholly in this county |
| Ihlen | city | 91 | None recorded | Wholly in this county |
| Trosky | city | 51 | None recorded | Wholly in this county |
| Hatfield | city | 46 | None recorded | Wholly in this county |
Nearby