Redwood County, Minnesota: commercial real estate data.
Redwood County, Minnesota had an estimated 15,254 residents on July 1, 2024, down 1.1 percent since the 2020 census base of 15,430, across 879 square miles. County output reached $1.49 bn in 2024, 509 establishments operate here, and the SBA record carries 4 7(a) approvals worth $824,000 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Redwood County
How many people live in Redwood County
- Population, American Community Survey 2020-202415,350
- Households6,293
- Average household size2.44
- Median household income$67,866
- Median age40.5
- Median gross rent$757 per month
- Median owner-occupied home value$158,200
- Home value to household income2.3 times
- Annual rent as a share of median income13.4 percent
- Adults 25 and over with a bachelor degree or higher22.2 percent
- Adults 25 and over with a graduate degree5.8 percent
- Adults 25 and over10,444
- Population under 183,784
- Share under 1824.7 percent
- Population 65 and over3,421
- Share 65 and over22.3 percent
- Working age population, 18 to 648,145
- Civilian labor force7,298
- Unemployment rate2.6 percent
- Labor force participation, adults 18 and over63.1 percent
- Rank by population among Minnesota counties54th of 87
- Rank by population among US county-equivalents, Puerto Rico included2136th of 3,222
Redwood County is the 54th largest of 87 Minnesota counties by population. A median home costs 2.3 times median household income, which is affordable by national standards. Residents under 18 outnumber those 65 and over, at 24.7 percent against 22.3 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Redwood County
Is Redwood County's population growing?
- Population, July 1, 202415,254
- Census 2020 base population15,430
- Population change since the 2020 census base-1.14 percent
- Population change, 2023 to 2024-66
- Births, 2024169
- Deaths, 2024143
- Natural change, 202426
- Net domestic migration, 2024-119
- Net international migration, 202427
- Total net migration, 2024-92
- Cumulative net domestic migration, 2021 to 2024-266
- Rank by growth among US county-equivalents2238th of 3,144
The county has lost 1.14 percent of its population since the 2020 census base. More people left than moved in during 2024 and births over deaths did not make up the difference, so the population fell.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Redwood County
Where are people moving to Redwood County from?
- Tax returns filed by households arriving309
- People arriving, from those returns534
- Tax returns filed by households leaving326
- Net household movement-17
- Adjusted gross income arriving$15.1 m
- Net adjusted gross income movement$-937,000
- Average income of an arriving household$48,718
- Average income of a leaving household$49,052
- Largest single originRenville County (35 households)
- Largest single destinationLyon County (38 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Renville County | 35 | 59 | $1.6 m |
| Lyon County | 29 | 44 | $1.4 m |
| Brown County | 23 | 36 | $1.2 m |
Households arriving report $334 less average income than households leaving, which drains spending power even where headcount holds up. The largest single source of arrivals is Renville 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.
Redwood County
What is the Redwood County economy?
- County GDP, 2024$1.49 bn
- County GDP, 2023$1.40 bn
- GDP change, 2023 to 20246.1 percent
- GDP change over five years72.1 percent
- Rank by GDP among the Minnesota areas BEA publishes42nd of 87
- Rank by GDP among the US county areas BEA publishes1521st of 3,127
- GDP per resident$97,097
Output grew 6.1 percent in the latest year and 72.1 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.
Redwood County
Employment by industry in Redwood County
- Covered employment, annual average6,096
- Establishments reporting592
- Average annual pay$53,471
- Average weekly wage$1,028
- Manufacturing, employment1,258
- Manufacturing, average annual pay$63,873
- Retail trade, employment678
- Retail trade, average annual pay$37,536
- Wholesale trade, employment388
- Wholesale trade, average annual pay$97,596
- Accommodation and food services, employment319
- Accommodation and food services, average annual pay$17,698
- Finance and insurance, employment277
- Construction, employment274
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Manufacturing | 1,258 | 37 | $63,873 |
| Retail trade | 678 | 58 | $37,536 |
| Wholesale trade | 388 | 46 | $97,596 |
| Accommodation and food services | 319 | 32 | $17,698 |
| Finance and insurance | 277 | 30 | $86,903 |
| Construction | 274 | 76 | $58,810 |
| Transportation and warehousing | 236 | 36 | $45,991 |
| Other services, except public administration | 166 | 56 | $31,897 |
Manufacturing is the largest private sector at 1,258 jobs, 20.6 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Redwood County
How many businesses are in Redwood County?
- Establishments, all industries509
- Employment at those establishments5,143
- Annual payroll$247.6 m
- Establishments per 1,000 residents33.2
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.
Redwood County
Building permits in Redwood County
- Housing units authorized by permit, 202415
- Declared construction value permitted$7.2 m
- Single family units authorized15
- Multifamily units authorized0
- Multifamily share of units0.0 percent
- Average declared value per unit$483,027
- Units authorized per 1,000 households2.4
Single-family homes are 100.0 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Redwood County
SBA loans in Redwood County (7(a) and 504)
- 7(a) approvals recorded4
- 7(a) gross approval dollars$824,000
- Average 7(a) approval$206,000
- Median 7(a) approval$214,500
- Largest single approval$245,000
- Jobs reported supported, 7(a)12
- Jobs per approval3.0
- Distinct 7(a) lenders active4
- Distinct industries receiving approvals2
- Median 7(a) term180 months
- Share of loans on real estate terms, 240 months or longer50.0 percent
- Loans on real estate terms2
- Loans on working capital terms, 120 months or shorter2
- Franchise loans0
- Franchise share of approvals0.0 percent
- 504 approvals recorded12
- 504 gross approval dollars$3.4 m
- Average 504 approval$282,167
- Median 504 approval$208,500
- Distinct CDCs active2
- 504 jobs per approval8.7
- 504 jobs per million dollars approved30.7
- Most active CDCMidwest Business Finance Corporation (11)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$4.2 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.
Redwood County
SBA loan default and charge-off rates in Redwood County
Do SBA loans in Redwood County get paid back?
- Loans with a final outcome recorded0
- Paid in full0
- Charged off0
- Status: Exempt from disclosure3
- Status: Committed, not yet disbursed1
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.
Redwood County
SBA lending by place in Redwood County
- Borrower cities with recorded lending4
- Belview, approvals1
- Prior Lake, approvals1
- Redwood Falls, approvals1
- Walnut Grove, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Belview | 1 | $245,000 |
| Prior Lake | 1 | $217,000 |
| Redwood Falls | 1 | $212,000 |
| Walnut Grove | 1 | $150,000 |
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Redwood County
How large is Redwood County?
- Land area879 sq mi
- Rank by land area among Minnesota counties25th of 87
- Width, east to west36 mi
- Height, north to south34.8 mi
- Geographies sharing a boundary6
- Residents per square mile of land17
- Establishments per square mile0.58
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.
Redwood County
Flood risk in Redwood County
- Participation of the county's own NFIP community Redwood County, unincorporated areasParticipating, community 270644
- Communities in the county in the NFIP Community Status Book9
- Of those, participating in the NFIP6
- NFIP participation rate66.7 percent
- Communities carrying a CRS class0
- Radon levels in Redwood 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 Redwood County (community 270644), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Redwood 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. 66.7 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 Redwood 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 Redwood County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202415,350
- Households6,293
- Average household size2.44
- Median household income$67,866
- Median age40.5
Common questions
Redwood County questions, answered from the record.
How many people live in Redwood County, Minnesota?
The Census Bureau estimates 15,254 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 15,350, in 6,293 households, ranking 54th of 87 Minnesota counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Redwood County's population growing?
The population has fallen 1.14 percent since the 2020 census base of 15,430, to 15,254 on July 1, 2024. In 2024 there were 169 births against 143 deaths, with net migration of -92. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Redwood County?
$67,866. The median owner-occupied home is valued at $158,200, which is 2.3 times income, and median gross rent is $757 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Redwood County?
509 establishments, employing 5,143 people with an annual payroll of $247.6 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 Redwood County?
Manufacturing is the largest private sector at 1,258 jobs, 20.6 percent of covered employment. Covered employment averages 6,096 jobs at an average annual pay of $53,471, or $1,028 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Redwood County?
4 7(a) approvals totaling $824,000 since FY2020, across 4 lenders, with a median approval of $214,500, plus 12 504 approvals worth $3.4 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Redwood County?
15 housing units were authorized by permit in 2024, with a declared construction value of $7.2 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Redwood 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 Redwood County come from?
The largest single origin is Renville County, with 35 households. Arriving households report an average income of $48,718 against $49,052 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Redwood 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 Redwood 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.
Redwood County
Cities and places in Redwood.
15 Census places lie wholly or partly in Redwood County. All 15 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 |
|---|---|---|---|---|
| Redwood Falls | city | 5,068 | 1 | Wholly in this county |
| Morgan | city | 925 | None recorded | Wholly in this county |
| Lamberton | city | 917 | None recorded | Wholly in this county |
| Walnut Grove | city | 808 | 1 | Wholly in this county |
| Wabasso | city | 603 | None recorded | Wholly in this county |
| Belview | city | 362 | 1 | Wholly in this county |
| Vesta | city | 311 | None recorded | Wholly in this county |
| Sanborn | city | 299 | None recorded | Wholly in this county |
| Lucan | city | 220 | None recorded | Wholly in this county |
| Milroy | city | 203 | None recorded | Wholly in this county |
| Clements | city | 109 | None recorded | Wholly in this county |
| Wanda | city | 104 | None recorded | Wholly in this county |
| Seaforth | city | 100 | None recorded | Wholly in this county |
| Revere | city | 64 | None recorded | Wholly in this county |
| Delhi | city | 33 | None recorded | Wholly in this county |
A further 1 of the county's 4 SBA 7(a) approvals are to borrowers in cities that match no Census place in Redwood County, the largest being Prior Lake (1). 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.
Nearby