HomeMinnesotaRice CountyNerstrand
Nerstrand, Minnesota: commercial real estate data.
Nerstrand is a Census city of 215 people across 1.41 square miles of land, in Rice County. Median household income is $85,833, 93.2 percent of occupied homes are owned, and the SBA record carries 2 7(a) approvals to borrowers here worth $2.6 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Nerstrand
What Nerstrand is
- Census place typecity
- Land area1.41 sq mi
- Water area0 sq mi
- Population per square mile of land152 plus or minus 34
- County holding the largest share of its areaRice 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.
Nerstrand
How many people live in Nerstrand
- Population215 plus or minus 48
- Median age34.4 plus or minus 6.9
- Population under 1840 plus or minus 20
- Share under 1818.6 percent plus or minus 8.2
- Population 65 and over40 plus or minus 19
- Share 65 and over18.6 percent plus or minus 7.6
- Households88 plus or minus 20
- Family households55 plus or minus 17
- Share of households that are families62.5 percent plus or minus 13.1
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Nerstrand
Income and work in Nerstrand
- Median household income$85,833 plus or minus $27,737
- Per capita income$40,181
- Civilian labor force136 plus or minus 38
- Employed135 plus or minus 38
- Unemployed1 plus or minus 3
- Unemployment rate0.7 percent plus or minus 2.2
- Adults 25 and over153 plus or minus 39
- Adults 25 and over with a high school diploma or higher91.5 percent
- Adults 25 and over with a bachelor degree or higher13.1 percent plus or minus 8.9
- Adults 25 and over with a graduate degree3.9 percent plus or minus 7.4
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Nerstrand
Housing in Nerstrand
- Housing units96 plus or minus 21
- Occupied units88 plus or minus 20
- Vacant units8 plus or minus 8
- Vacancy rate8.3 percent plus or minus 8.1
- Owner occupied82 plus or minus 19
- Renter occupied6 plus or minus 5
- Ownership rate93.2 percent
- Median owner-occupied home value$211,100
- Median gross rent, monthly$1,350
- Annual rent as a share of median income18.9 percent plus or minus 6.3
- Single family units90 plus or minus 23
- Share single family93.8 percent
- Units in buildings of two or more0
- Share in buildings of two or more0.0 percent
- Mobile homes6 plus or minus 6
- Median year structure built1938
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Nerstrand
How Nerstrand gets to work
- Workers 16 and over who commute128 plus or minus 39
- Commuting under 15 minutes40 plus or minus 18
- Share commuting under 15 minutes31.3 percent plus or minus 10.9
- Commuting 30 minutes or more36 plus or minus 16
- Share commuting 30 minutes or more28.1 percent plus or minus 9.0
- Drove alone85.0 percent
- Carpooled10.5 percent plus or minus 6.9
- Public transport0.0 percent
- Walked0.8 percent plus or minus 1.5
- Worked from home3.8 percent plus or minus 3.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Nerstrand
SBA loans in Nerstrand (7(a))
- Approvals2
- Gross approval$2,607,000
- Average approval$1,303,500
- Median approval$1,303,500
- Largest approval$1,407,000
- Jobs supported18
- Jobs per approval9.0
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term183 months
- Share on real estate terms of 20 years or more50.0 percent
- Share to franchises0.0 percent
- Distinct lenders2
- Distinct industries by NAICS2
Counted by borrower city: approvals to borrowers whose address is in Nerstrand, in any county, FY2020 to FY2026. Only 0 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.
Nerstrand
Flood risk in Nerstrand
- NFIP communityCity of Nerstrand
- NFIP community number270714
- Participating in the NFIPNo
- Community Rating System classNone
- Currently effective map date04/06/22
The City of Nerstrand does not participate in the National Flood Insurance Program as community 270714 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Rice County, not Nerstrand
Rice County context, not Nerstrand figures
- Establishments in Rice County1,600
- Covered employment, Rice County26,196
- Average annual pay, Rice County$60,604
- Housing units permitted, Rice County96
Every figure in this section is published for Rice County as a whole and is not a measurement of Nerstrand.
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
Nerstrand questions, answered from the record.
How many people live in Nerstrand, Minnesota?
215, in 88 households. Nerstrand city covers 1.41 square miles of land, which is 152 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Nerstrand in?
Rice 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 Nerstrand?
$85,833. The median owner-occupied home is valued at $211,100. Median gross rent is $1,350 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Nerstrand businesses?
2 7(a) approvals totaling $2.6 m since FY2020, across 2 lenders, median approval $1,303,500. These count approvals to borrowers whose address is in Nerstrand, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Nerstrand borrowers get paid back?
No rate is published for Nerstrand. Only 0 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.
Is Nerstrand in the National Flood Insurance Program?
No, it is listed but not participating. Nerstrand appears in the FEMA Community Status Book as Nerstrand, city of, community 270714, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Nerstrand figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Rice 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 Nerstrand.
Is zoning published for Nerstrand?
No. Nothing on this page presents parcel level zoning.
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