HomeMinnesotaRice CountyNorthfield city
Northfield city, Minnesota: commercial real estate data.
Northfield city is a Census city of 20,742 people across 8.54 square miles of land, lying across Rice County and Dakota County. Median household income is $84,895, 69.3 percent of occupied homes are owned, and the SBA record carries 32 7(a) approvals to borrowers here worth $7.4 m.
77 sourced place values · tier FULL · 8 sections
Northfield
What Northfield is
- Census place typecity
- Land area8.54 sq mi
- Water area0.04 sq mi
- Population per square mile of land2,428
- County holding the largest share of its areaRice County, 81.8 percent
- Counties this place lies inRice County 81.8 percent, Dakota County 18.2 percent
Northfield city crosses a county line. The split above is measured from the Census boundary of the place against the county boundaries, by area, so it says where the ground is and not where the town hall is.
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Northfield
How many people live in Northfield
- Population20,742
- Median age28.2
- Population under 183,574
- Share under 1817.2 percent
- Population 65 and over3,353
- Share 65 and over16.2 percent
- Households6,380
- Family households3,959
- Share of households that are families62.1 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Northfield
Income and work in Northfield
- Median household income$84,895
- Per capita income$36,703
- Civilian labor force11,203
- Employed10,656
- Unemployed547 plus or minus 223
- Unemployment rate4.9 percent plus or minus 2.0
- Adults 25 and over10,864
- Adults 25 and over with a high school diploma or higher96.6 percent
- Adults 25 and over with a bachelor degree or higher53.3 percent
- Adults 25 and over with a graduate degree26.6 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Northfield
Housing in Northfield
- Housing units6,771
- Occupied units6,380
- Vacant units391 plus or minus 159
- Vacancy rate5.8 percent plus or minus 2.3
- Owner occupied4,424
- Renter occupied1,956
- Ownership rate69.3 percent
- Median owner-occupied home value$329,400
- Median gross rent, monthly$1,103
- Annual rent as a share of median income15.6 percent
- Single family units4,334
- Share single family64.0 percent
- Units in buildings of two or more2,123
- Share in buildings of two or more31.4 percent
- Mobile homes314 plus or minus 171
- Median year structure built1986
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Northfield
How Northfield gets to work
- Workers 16 and over who commute8,631
- Commuting under 15 minutes4,884
- Share commuting under 15 minutes56.6 percent
- Commuting 30 minutes or more2,126
- Share commuting 30 minutes or more24.6 percent
- Drove alone54.9 percent
- Carpooled4.9 percent plus or minus 1.5
- Public transport0.6 percent plus or minus 0.7
- Walked20.7 percent
- Worked from home16.2 percent plus or minus 3.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Northfield
SBA 7(a) lending to Northfield borrowers
- Approvals32
- Gross approval$7,372,600
- Average approval$230,394
- Median approval$136,000
- Ninetieth percentile approval$464,000
- Largest approval$2,139,000
- Jobs supported171
- Jobs per approval5.3
- Loans with a final outcome5
- Paid in full4
- Charged off1
- Median term120 months
- Share on real estate terms of 20 years or more6.3 percent
- Share to franchises6.3 percent
- Distinct lenders13
- Distinct industries by NAICS22
A charge-off rate is not published here. only 5 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.
Northfield
SBA 504 lending to Northfield borrowers
- Approvals16
- Gross approval$8,348,000
- Average approval$521,750
- Median approval$340,000
- Largest approval$1,490,000
- Jobs supported169
- Loans with a final outcome4
- Charged off0
- Median term240 months
- Distinct CDCs3
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Rice County, not Northfield
Rice County context, not Northfield 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 Northfield 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 Northfield. 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
Northfield questions, answered from the record.
How many people live in Northfield, Minnesota?
20,742, in 6,380 households. Northfield city covers 8.54 square miles of land, which is 2,428 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Northfield in?
Northfield lies in more than one. By area it is 81.8 percent in Rice County, 18.2 percent in Dakota County. This page sits under Rice County because that county holds the largest share. The split is measured from the Census boundary of the place against the county boundaries.
What is the median household income in Northfield?
$84,895. The median owner-occupied home is valued at $329,400. Median gross rent is $1,103 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Northfield businesses?
32 7(a) approvals totalling $7.4 m, across 13 lenders, median approval $136,000, plus 16 504 approvals worth $8.3 m. These count approvals to borrowers whose address is in Northfield, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Northfield borrowers get paid back?
No rate is published for Northfield. only 5 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 Northfield 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 Northfield.
Is zoning published for Northfield?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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