HomeMinnesotaRenville CountyHector
Hector, Minnesota: commercial real estate data.
Hector is a Census city of 1,130 people across 1.81 square miles of land, in Renville County. Median household income is $63,362, 73.9 percent of occupied homes are owned, and the SBA record carries 3 7(a) approvals to borrowers here worth $2.1 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Hector
What Hector is
- Census place typecity
- Land area1.81 sq mi
- Water area0 sq mi
- Population per square mile of land626
- County holding the largest share of its areaRenville 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.
Hector
How many people live in Hector
- Population1,130
- Median age40.1
- Population under 18198 plus or minus 50
- Share under 1817.5 percent plus or minus 3.7
- Population 65 and over224 plus or minus 48
- Share 65 and over19.8 percent
- Households490
- Family households274 plus or minus 59
- Share of households that are families55.9 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hector
Income and work in Hector
- Median household income$63,362
- Per capita income$35,371
- Civilian labor force636
- Employed614
- Unemployed22 plus or minus 27
- Unemployment rate3.5 percent plus or minus 4.2
- Adults 25 and over743
- Adults 25 and over with a high school diploma or higher91.4 percent
- Adults 25 and over with a bachelor degree or higher12.1 percent plus or minus 3.6
- Adults 25 and over with a graduate degree1.1 percent plus or minus 1.5
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hector
Housing in Hector
- Housing units551
- Occupied units490
- Vacant units61 plus or minus 34
- Vacancy rate11.1 percent plus or minus 6.0
- Owner occupied362
- Renter occupied128 plus or minus 44
- Ownership rate73.9 percent
- Median owner-occupied home value$132,000
- Median gross rent, monthly$1,125
- Annual rent as a share of median income21.3 percent
- Single family units439
- Share single family79.7 percent
- Units in buildings of two or more92 plus or minus 35
- Share in buildings of two or more16.7 percent plus or minus 6.0
- Mobile homes20 plus or minus 23
- Median year structure built1959
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hector
How Hector gets to work
- Workers 16 and over who commute581
- Commuting under 15 minutes347 plus or minus 86
- Share commuting under 15 minutes59.7 percent
- Commuting 30 minutes or more131 plus or minus 40
- Share commuting 30 minutes or more22.5 percent plus or minus 5.9
- Drove alone74.2 percent
- Carpooled14.5 percent plus or minus 6.0
- Public transport0.0 percent
- Walked4.1 percent plus or minus 3.4
- Worked from home4.4 percent plus or minus 2.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hector
SBA loans in Hector (7(a))
- Approvals3
- Gross approval$2,050,900
- Average approval$683,633
- Median approval$130,000
- Largest approval$1,907,900
- Jobs supported24
- Jobs per approval8.0
- 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 lenders2
- Distinct industries by NAICS3
Counted by borrower city: approvals to borrowers whose address is in Hector, 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.
Hector
SBA loans in Hector (504)
- Approvals3
- Gross approval$756,000
- Average approval$252,000
- Median approval$158,000
- Largest approval$466,000
- Jobs supported7
- Loans with a final outcome3
- Charged off1
- Median term240 months
- Distinct CDCs1
Counted by borrower city: approvals to borrowers whose address is in Hector, in any county, FY2010 to FY2026. Only 3 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.
Renville County, not Hector
Renville County context, not Hector figures
- Establishments in Renville County474
- Covered employment, Renville County5,483
- Average annual pay, Renville County$55,239
- Housing units permitted, Renville County21
Every figure in this section is published for Renville County as a whole and is not a measurement of Hector.
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
Hector questions, answered from the record.
How many people live in Hector, Minnesota?
1,130, in 490 households. Hector city covers 1.81 square miles of land, which is 626 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Hector in?
Renville 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 Hector?
$63,362. The median owner-occupied home is valued at $132,000. Median gross rent is $1,125 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Hector businesses?
3 7(a) approvals totaling $2.1 m since FY2020, across 2 lenders, median approval $130,000, plus 3 504 approvals worth $756,000 since FY2010. These count approvals to borrowers whose address is in Hector, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Hector borrowers get paid back?
No rate is published for Hector. 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.
Are the county figures on this page Hector figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Renville 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 Hector.
Is zoning published for Hector?
No. Nothing on this page presents parcel level zoning.
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