Scott County, Minnesota: commercial real estate data.
Scott County, Minnesota had an estimated 157,206 residents on July 1, 2024, up 4.2 percent since the 2020 census base of 150,919, across 356 square miles. County output reached $10.95 bn in 2024, 3,655 establishments operate here, and the SBA record carries 293 7(a) approvals worth $108.8 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Scott County
How many people live in Scott County
- Population, American Community Survey 2020-2024154,557
- Households54,971
- Average household size2.81
- Median household income$119,314
- Median age37.8
- Median gross rent$1,568 per month
- Median owner-occupied home value$419,400
- Home value to household income3.5 times
- Annual rent as a share of median income15.8 percent
- Adults 25 and over with a bachelor degree or higher44.1 percent
- Adults 25 and over with a graduate degree13.0 percent
- Adults 25 and over101,776
- Population under 1839,951
- Share under 1825.8 percent
- Population 65 and over19,615
- Share 65 and over12.7 percent
- Working age population, 18 to 6494,991
- Civilian labor force89,565
- Unemployment rate3.5 percent
- Labor force participation, adults 18 and over78.2 percent
- Rank by population among Minnesota counties9th of 87
- Rank by population among US county-equivalents, Puerto Rico included450th of 3,222
Scott County is the 9th largest of 87 Minnesota counties by population. A median home costs 3.5 times median household income, which is moderately unaffordable by national standards. Residents under 18 outnumber those 65 and over, at 25.8 percent against 12.7 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Scott County
Is Scott County's population growing?
- Population, July 1, 2024157,206
- Census 2020 base population150,919
- Population change since the 2020 census base4.17 percent
- Population change, 2023 to 20241,220
- Births, 20241,703
- Deaths, 2024923
- Natural change, 2024780
- Net domestic migration, 2024-139
- Net international migration, 2024570
- Total net migration, 2024431
- Cumulative net domestic migration, 2021 to 2024915
- Rank by growth among US county-equivalents659th of 3,144
The county has grown 4.17 percent since the 2020 census base. The population grew in 2024 from both sources: births exceeded deaths and more people moved in than left.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Scott County
Where are people moving to Scott County from?
- Tax returns filed by households arriving5,051
- People arriving, from those returns8,940
- Tax returns filed by households leaving5,057
- Net household movement-6
- Adjusted gross income arriving$422.2 m
- Net adjusted gross income movement$-16.5 m
- Average income of an arriving household$83,594
- Average income of a leaving household$86,753
- Largest single originHennepin County (1,506 households)
- Largest single destinationHennepin County (1,123 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Hennepin County | 1,506 | 2,609 | $134.9 m |
| Dakota County | 1,113 | 2,101 | $100.9 m |
| Carver County | 321 | 557 | $21.4 m |
| Ramsey County | 219 | 363 | $16.4 m |
| Le Sueur County | 109 | 206 | $8.7 m |
| Anoka County | 104 | 183 | $6.2 m |
| Rice County | 100 | 194 | $6.2 m |
| Washington County | 78 | 129 | $6.2 m |
Households arriving report $3,159 less average income than households leaving, which drains spending power even where headcount holds up. The largest single source of arrivals is Hennepin County, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Scott County
What is the Scott County economy?
- County GDP, 2024$10.95 bn
- County GDP, 2023$10.13 bn
- GDP change, 2023 to 20248.2 percent
- GDP change over five years56.3 percent
- Rank by GDP among the Minnesota areas BEA publishes9th of 87
- Rank by GDP among the US county areas BEA publishes412th of 3,127
- GDP per resident$70,861
Output grew 8.2 percent in the latest year and 56.3 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Scott County
Employment by industry in Scott County
- Covered employment, annual average63,111
- Establishments reporting3,996
- Average annual pay$62,133
- Average weekly wage$1,195
- Transportation and warehousing, employment9,775
- Transportation and warehousing, average annual pay$46,254
- Manufacturing, employment7,417
- Manufacturing, average annual pay$92,215
- Health care and social assistance, employment6,159
- Health care and social assistance, average annual pay$59,212
- Retail trade, employment5,911
- Retail trade, average annual pay$38,435
- Construction, employment5,754
- Accommodation and food services, employment4,684
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Transportation and warehousing | 9,775 | 139 | $46,254 |
| Manufacturing | 7,417 | 184 | $92,215 |
| Health care and social assistance | 6,159 | 669 | $59,212 |
| Retail trade | 5,911 | 308 | $38,435 |
| Construction | 5,754 | 575 | $90,354 |
| Accommodation and food services | 4,684 | 262 | $24,596 |
| Wholesale trade | 3,168 | 213 | $88,426 |
| Administrative and support and waste management services | 2,396 | 256 | $56,281 |
Transportation and warehousing is the largest private sector at 9,775 jobs, 15.5 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Scott County
How many businesses are in Scott County?
- Establishments, all industries3,655
- Employment at those establishments60,419
- Annual payroll$3.61 bn
- Establishments per 1,000 residents23.6
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Scott County
Building permits in Scott County
- Housing units authorized by permit, 2024699
- Declared construction value permitted$302.1 m
- Single family units authorized609
- Multifamily units authorized90
- Multifamily share of units12.9 percent
- Average declared value per unit$432,165
- Units authorized per 1,000 households12.7
Single-family homes are 87.1 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Scott County
SBA loans in Scott County (7(a) and 504)
- 7(a) approvals recorded293
- 7(a) gross approval dollars$108.8 m
- Average 7(a) approval$371,445
- Median 7(a) approval$194,800
- 10th percentile approval$30,000
- 90th percentile approval$894,940
- Largest single approval$3,137,500
- Jobs reported supported, 7(a)2,240
- Jobs per approval7.6
- Distinct 7(a) lenders active64
- Distinct industries receiving approvals129
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer9.2 percent
- Loans on real estate terms27
- Loans on working capital terms, 120 months or shorter252
- Franchise loans32
- Franchise share of approvals10.9 percent
- Leading industry by approval countLandscaping Services (14)
- Most active lenderU.S. Bank, National Association (50)
- 504 approvals recorded119
- 504 gross approval dollars$78.3 m
- Average 504 approval$658,353
- Median 504 approval$419,000
- Distinct CDCs active6
- 504 jobs per approval10.3
- 504 jobs per million dollars approved15.6
- Most active CDCTwin Cities-Metro Certified Development Company (58)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$187.2 m
The average approval of $371,445 sits well above the median of $194,800, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. Only 9.2 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Scott County
SBA loan default and charge-off rates in Scott County
Do SBA loans in Scott County get paid back?
- Loans with a final outcome recorded85
- Paid in full79
- Charged off6
- Charge-off rate on resolved loans7.1 percent
- Status: Paid in full79
- Status: Charged off6
- Status: Exempt from disclosure166
- Status: Cancelled33
- Status: Committed, not yet disbursed9
Of the 85 loans that have reached a final outcome, 7.1 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Scott County
SBA lending by place in Scott County
- Borrower cities with recorded lending12
- Shakopee, approvals81
- Savage, approvals76
- Prior Lake, approvals50
- Jordan, approvals29
- New Prague, approvals18
- Elko New Market, approvals13
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Shakopee | 81 | $25,845,300 |
| Savage | 76 | $32,306,400 |
| Prior Lake | 50 | $20,733,600 |
| Jordan | 29 | $11,986,200 |
| New Prague | 18 | $5,858,400 |
| Elko New Market | 13 | $5,452,900 |
| Belle Plaine | 9 | $2,519,100 |
| Lakeville | 9 | $1,999,400 |
| 4 other borrower cities | 8 | $2,132,000 |
Shakopee accounts for 81 approvals against 76 in Savage. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Scott County
How large is Scott County?
- Land area356 sq mi
- Rank by land area among Minnesota counties85th of 87
- Width, east to west30.9 mi
- Height, north to south18 mi
- Geographies sharing a boundary6
- Residents per square mile of land434
- Establishments per square mile10.27
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Scott County
Flood risk in Scott County
- Participation of the county's own NFIP community Scott County, unincorporated areasParticipating, community 270428
- Communities in the county in the NFIP Community Status Book9
- Of those, participating in the NFIP9
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Scott County, EPA zone predicted average indoor radon screening level greater than 4 pCi/LZone 1
The county's own community in the status book, unincorporated Scott County (community 270428), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Scott County in radon zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. 100.0 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, 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 →
Feasibility studies
When a Scott County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Scott County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-2024154,557
- Households54,971
- Average household size2.81
- Median household income$119,314
- Median age37.8
Common questions
Scott County questions, answered from the record.
How many people live in Scott County, Minnesota?
The Census Bureau estimates 157,206 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 154,557, in 54,971 households, ranking 9th of 87 Minnesota counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Scott County's population growing?
The population has grown 4.17 percent since the 2020 census base of 150,919, to 157,206 on July 1, 2024. In 2024 there were 1,703 births against 923 deaths, with net migration of 431. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Scott County?
$119,314. The median owner-occupied home is valued at $419,400, which is 3.5 times income, and median gross rent is $1,568 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Scott County?
3,655 establishments, employing 60,419 people with an annual payroll of $3.61 bn. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in Scott County?
Transportation and warehousing is the largest private sector at 9,775 jobs, 15.5 percent of covered employment. Covered employment averages 63,111 jobs at an average annual pay of $62,133, or $1,195 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Scott County?
293 7(a) approvals totaling $108.8 m since FY2020, across 64 lenders, with a median approval of $194,800, plus 119 504 approvals worth $78.3 m since FY2010. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Scott County get paid back?
Of the 85 loans that have reached a final outcome, 79 were paid in full and 6 charged off, a charge-off rate of 7.1 percent. Loans still running are excluded, because they have not yet succeeded or failed.
How many building permits were issued in Scott County?
699 housing units were authorized by permit in 2024, with a declared construction value of $302.1 m. Multifamily was 12.9 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Scott County?
Zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Scott County come from?
The largest single origin is Hennepin County, with 1,506 households. Arriving households report an average income of $83,594 against $86,753 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Scott County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Scott County?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Scott County
Cities and places in Scott.
8 Census places lie wholly or partly in Scott County. All 8 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Shakopee | city | 46,012 | 81 | Wholly in this county |
| Savage | city | 32,889 | 76 | Wholly in this county |
| Prior Lake | city | 28,016 | 50 | Wholly in this county |
| New Prague | city | 8,237 | 18 | 58.0 percent here, 42.0 percent Le Sueur County |
| Belle Plaine | city | 7,423 | 9 | Wholly in this county |
| Jordan | city | 6,771 | 29 | Wholly in this county |
| Credit River | city | 5,551 | None recorded | Wholly in this county |
| Elko New Market | city | 5,002 | 13 | Wholly in this county |
A further 17 of the county's 293 SBA 7(a) approvals are to borrowers in cities that match no Census place in Scott County, the largest being Lakeville (9), Webster (5), Hastings (1). Those are postal cities, unincorporated areas and cities outside the county, so no place row claims them; they are counted in the county total above.
Nearby