HomeMinnesotaRice CountyNerstrand city
Nerstrand city, Minnesota: commercial real estate data.
Nerstrand city 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.
66 sourced place values · tier FULL · 7 sections · 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$1,407,000
- Ninetieth percentile approval$1,407,000
- Largest approval$1,407,000
- Jobs supported18
- Jobs per approval9.0
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term246 months
- Share on real estate terms of 20 years or more50.0 percent
- Share to franchises0.0 percent
- Distinct lenders2
- Distinct industries by NAICS2
A charge-off rate is not published here. only 0 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Rice County, not Nerstrand
Rice County context, not Nerstrand figures
These are Rice County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Nerstrand measurements.
- Establishments in Rice County1,600
- Employment at those establishments, Rice County25,126
- Covered employment, Rice County26,196
- Average annual pay, Rice County$60,604
- Average weekly wage, Rice County$1,165
- Housing units permitted, Rice County96
- Of those, single family, Rice County88
- County product, 2024, Rice County$4,083,370,000
- County product change over the prior year, Rice County8.3 percent
- Average income of an arriving household, Rice County$70,255
Every figure in this section is published for Rice County as a whole and is not a measurement of Nerstrand. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
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. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
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 totalling $2.6 m, across 2 lenders, median approval $1,407,000. 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 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Nerstrand figures?
No, and they are labelled 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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