HomeMinnesotaRock CountyLuverne
Luverne, Minnesota: commercial real estate data.
Luverne is a Census city of 4,925 people across 3.67 square miles of land, in Rock County. Median household income is $64,366, 70.8 percent of occupied homes are owned, and the SBA record carries 12 7(a) approvals to borrowers here worth $2.7 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Luverne
What Luverne is
- Census place typecity
- Land area3.67 sq mi
- Water area0.01 sq mi
- Population per square mile of land1,344
- County holding the largest share of its areaRock 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.
Luverne
How many people live in Luverne
- Population4,925
- Median age41.3
- Population under 181,120
- Share under 1822.7 percent
- Population 65 and over1,145
- Share 65 and over23.2 percent
- Households2,196
- Family households1,242
- Share of households that are families56.6 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Luverne
Income and work in Luverne
- Median household income$64,366
- Per capita income$37,079
- Civilian labor force2,631
- Employed2,564
- Unemployed67 plus or minus 59
- Unemployment rate2.5 percent plus or minus 2.2
- Adults 25 and over3,408
- Adults 25 and over with a high school diploma or higher92.5 percent
- Adults 25 and over with a bachelor degree or higher29.2 percent
- Adults 25 and over with a graduate degree10.2 percent plus or minus 2.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Luverne
Housing in Luverne
- Housing units2,285
- Occupied units2,196
- Vacant units89 plus or minus 86
- Vacancy rate3.9 percent plus or minus 3.8
- Owner occupied1,555
- Renter occupied641
- Ownership rate70.8 percent
- Median owner-occupied home value$208,000
- Median gross rent, monthly$639
- Annual rent as a share of median income11.9 percent
- Single family units1,642
- Share single family71.9 percent
- Units in buildings of two or more579 plus or minus 123
- Share in buildings of two or more25.3 percent plus or minus 5.3
- Mobile homes64 plus or minus 59
- Median year structure built1962
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Luverne
How Luverne gets to work
- Workers 16 and over who commute2,279
- Commuting under 15 minutes1,387
- Share commuting under 15 minutes60.9 percent
- Commuting 30 minutes or more562 plus or minus 149
- Share commuting 30 minutes or more24.7 percent plus or minus 6.3
- Drove alone78.8 percent
- Carpooled7.5 percent plus or minus 3.2
- Public transport0.0 percent
- Walked1.7 percent plus or minus 1.1
- Worked from home10.4 percent plus or minus 3.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Luverne
SBA loans in Luverne (7(a))
- Approvals12
- Gross approval$2,707,200
- Average approval$225,600
- Median approval$175,000
- Largest approval$600,000
- Jobs supported101
- Jobs per approval8.4
- Loans with a final outcome7
- Paid in full7
- Charged off0
- Median term81 months
- Share on real estate terms of 20 years or more16.7 percent
- Share to franchises8.3 percent
- Distinct lenders4
- Distinct industries by NAICS8
Counted by borrower city: approvals to borrowers whose address is in Luverne, in any county, FY2020 to FY2026. Only 7 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.
Luverne
SBA loans in Luverne (504)
- Approvals13
- Gross approval$5,057,000
- Average approval$389,000
- Median approval$221,000
- Largest approval$1,143,000
- Jobs supported66
- Loans with a final outcome4
- Charged off0
- Median term240 months
- Distinct CDCs2
Counted by borrower city: approvals to borrowers whose address is in Luverne, in any county, FY2010 to FY2026. Only 4 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.
Luverne
Flood risk in Luverne
- NFIP communityCity of Luverne
- NFIP community number270411
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date05/17/82
The City of Luverne participates in the National Flood Insurance Program as community 270411 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.
Rock County, not Luverne
Rock County context, not Luverne figures
- Establishments in Rock County279
- Covered employment, Rock County3,689
- Average annual pay, Rock County$53,870
- Housing units permitted, Rock County68
Every figure in this section is published for Rock County as a whole and is not a measurement of Luverne.
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
Luverne questions, answered from the record.
How many people live in Luverne, Minnesota?
4,925, in 2,196 households. Luverne city covers 3.67 square miles of land, which is 1,344 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Luverne in?
Rock 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 Luverne?
$64,366. The median owner-occupied home is valued at $208,000. Median gross rent is $639 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Luverne businesses?
12 7(a) approvals totaling $2.7 m since FY2020, across 4 lenders, median approval $175,000, plus 13 504 approvals worth $5.1 m since FY2010. These count approvals to borrowers whose address is in Luverne, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Luverne borrowers get paid back?
No rate is published for Luverne. Only 7 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 Luverne in the National Flood Insurance Program?
Yes. Luverne appears in the FEMA Community Status Book as Luverne, city of, community 270411, 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 Luverne figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Rock 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 Luverne.
Is zoning published for Luverne?
No. Nothing on this page presents parcel level zoning.
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