HomeMinnesotaRock CountyLuverne city
Luverne city, Minnesota: commercial real estate data.
Luverne city 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.
76 sourced place values · tier FULL · 8 sections · 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$185,000
- Ninetieth percentile approval$591,200
- Largest approval$600,000
- Jobs supported101
- Jobs per approval8.4
- Loans with a final outcome7
- Paid in full7
- Charged off0
- Median term90 months
- Share on real estate terms of 20 years or more16.7 percent
- Share to franchises8.3 percent
- Distinct lenders4
- Distinct industries by NAICS8
A charge-off rate is not published here. only 7 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.
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
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Rock County, not Luverne
Rock County context, not Luverne figures
These are Rock County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Luverne measurements.
- Establishments in Rock County279
- Employment at those establishments, Rock County3,070
- Covered employment, Rock County3,689
- Average annual pay, Rock County$53,870
- Average weekly wage, Rock County$1,036
- Housing units permitted, Rock County68
- Of those, single family, Rock County10
- County product, 2024, Rock County$991,693,000
- County product change over the prior year, Rock County22.4 percent
- Average income of an arriving household, Rock County$55,256
Every figure in this section is published for Rock County as a whole and is not a measurement of Luverne. 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
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 totalling $2.7 m, across 4 lenders, median approval $185,000, plus 13 504 approvals worth $5.1 m. 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 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 Luverne figures?
No, and they are labelled 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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