Sherburne County, Minnesota: commercial real estate data.
Sherburne County, Minnesota had an estimated 103,059 residents on July 1, 2024, up 6.0 percent since the 2020 census base of 97,180, across 433 square miles. County output reached $4.90 bn in 2024, 2,251 establishments operate here, and the SBA record carries 234 7(a) approvals worth $84.6 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Sherburne County
How many people live in Sherburne County
- Population, American Community Survey 2020-2024100,560
- Households35,555
- Average household size2.83
- Median household income$105,466
- Median age37.0
- Median gross rent$1,127 per month
- Median owner-occupied home value$361,400
- Home value to household income3.4 times
- Annual rent as a share of median income12.8 percent
- Adults 25 and over with a bachelor degree or higher29.7 percent
- Adults 25 and over with a graduate degree8.8 percent
- Adults 25 and over66,512
- Population under 1825,908
- Share under 1825.8 percent
- Population 65 and over12,400
- Share 65 and over12.3 percent
- Working age population, 18 to 6462,252
- Civilian labor force56,427
- Unemployment rate3.0 percent
- Labor force participation, adults 18 and over75.6 percent
- Rank by population among Minnesota counties12th of 87
- Rank by population among US county-equivalents, Puerto Rico included618th of 3,222
Sherburne County is the 12th largest of 87 Minnesota counties by population. A median home costs 3.4 times median household income, which is moderately unaffordable by national standards. Residents under 18 outnumber those 65 and over, at 25.8 percent against 12.3 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Sherburne County
Is Sherburne County's population growing?
- Population, July 1, 2024103,059
- Census 2020 base population97,180
- Population change since the 2020 census base6.05 percent
- Population change, 2023 to 2024746
- Births, 20241,139
- Deaths, 2024592
- Natural change, 2024547
- Net domestic migration, 202443
- Net international migration, 2024156
- Total net migration, 2024199
- Cumulative net domestic migration, 2021 to 20243,172
- Rank by growth among US county-equivalents401st of 3,144
The county has grown 6.05 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.
Sherburne County
Where are people moving to Sherburne County from?
- Tax returns filed by households arriving3,884
- People arriving, from those returns7,053
- Tax returns filed by households leaving3,574
- Net household movement310
- Adjusted gross income arriving$243.0 m
- Net adjusted gross income movement$2.4 m
- Average income of an arriving household$62,572
- Average income of a leaving household$67,319
- Largest single originHennepin County (746 households)
- Largest single destinationHennepin County (511 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Hennepin County | 746 | 1,337 | $51.0 m |
| Anoka County | 636 | 1,192 | $44.7 m |
| Wright County | 455 | 837 | $31.9 m |
| Stearns County | 420 | 747 | $19.6 m |
| Mille Lacs County | 148 | 264 | $8.9 m |
| Benton County | 146 | 267 | $7.1 m |
| Ramsey County | 117 | 217 | $6.9 m |
| Isanti County | 85 | 155 | $5.0 m |
Households arriving report $4,747 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.
Sherburne County
What is the Sherburne County economy?
- County GDP, 2024$4.90 bn
- County GDP, 2023$4.66 bn
- GDP change, 2023 to 20245.1 percent
- GDP change over five years33.9 percent
- Rank by GDP among the Minnesota areas BEA publishes13th of 87
- Rank by GDP among the US county areas BEA publishes726th of 3,127
- GDP per resident$48,695
Output grew 5.1 percent in the latest year and 33.9 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.
Sherburne County
Employment by industry in Sherburne County
- Covered employment, annual average28,090
- Establishments reporting2,490
- Average annual pay$57,774
- Average weekly wage$1,111
- Manufacturing, employment4,144
- Manufacturing, average annual pay$71,979
- Health care and social assistance, employment3,795
- Health care and social assistance, average annual pay$51,022
- Retail trade, employment3,467
- Retail trade, average annual pay$39,474
- Accommodation and food services, employment2,553
- Accommodation and food services, average annual pay$21,396
- Construction, employment2,476
- Transportation and warehousing, employment1,094
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Manufacturing | 4,144 | 166 | $71,979 |
| Health care and social assistance | 3,795 | 396 | $51,022 |
| Retail trade | 3,467 | 201 | $39,474 |
| Accommodation and food services | 2,553 | 124 | $21,396 |
| Construction | 2,476 | 468 | $74,255 |
| Transportation and warehousing | 1,094 | 84 | $60,810 |
| Other services, except public administration | 1,014 | 323 | $34,157 |
| Administrative and support and waste management services | 918 | 123 | $45,591 |
Manufacturing is the largest private sector at 4,144 jobs, 14.8 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Sherburne County
How many businesses are in Sherburne County?
- Establishments, all industries2,251
- Employment at those establishments24,222
- Annual payroll$1.30 bn
- Establishments per 1,000 residents22.4
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.
Sherburne County
Building permits in Sherburne County
- Housing units authorized by permit, 2024334
- Declared construction value permitted$78.6 m
- Single family units authorized268
- Multifamily units authorized66
- Multifamily share of units19.8 percent
- Average declared value per unit$235,418
- Units authorized per 1,000 households9.4
Single-family homes are 80.2 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Sherburne County
SBA loans in Sherburne County (7(a) and 504)
- 7(a) approvals recorded234
- 7(a) gross approval dollars$84.6 m
- Average 7(a) approval$361,513
- Median 7(a) approval$150,000
- 10th percentile approval$25,000
- 90th percentile approval$907,380
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)2,231
- Jobs per approval9.5
- Distinct 7(a) lenders active47
- Distinct industries receiving approvals107
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer7.3 percent
- Loans on real estate terms17
- Loans on working capital terms, 120 months or shorter203
- Franchise loans15
- Franchise share of approvals6.4 percent
- Leading industry by approval countPlumbing, Heating, and Air-Conditioning Contractors (9)
- Most active lenderThe Bank of Elk River (28)
- 504 approvals recorded118
- 504 gross approval dollars$80.0 m
- Average 504 approval$678,254
- Median 504 approval$426,500
- Distinct CDCs active6
- 504 jobs per approval12.1
- 504 jobs per million dollars approved17.9
- Most active CDCMidwest Business Finance Corporation (73)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$164.6 m
The average approval of $361,513 sits well above the median of $150,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. Only 7.3 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.
Sherburne County
SBA loan default and charge-off rates in Sherburne County
Do SBA loans in Sherburne County get paid back?
- Loans with a final outcome recorded58
- Paid in full56
- Charged off2
- Charge-off rate on resolved loans3.4 percent
- Status: Paid in full56
- Status: Exempt from disclosure136
- Status: Cancelled31
- Status: Charged off2
- Status: Committed, not yet disbursed9
Of the 58 loans that have reached a final outcome, 3.4 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.
Sherburne County
SBA lending by place in Sherburne County
- Borrower cities with recorded lending11
- Elk River, approvals92
- Zimmerman, approvals43
- Big Lake, approvals37
- Becker, approvals24
- Princeton, approvals12
- St. Cloud, approvals12
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Elk River | 92 | $40,459,800 |
| Zimmerman | 43 | $11,198,100 |
| Big Lake | 37 | $12,587,000 |
| Becker | 24 | $5,317,400 |
| Princeton | 12 | $4,280,000 |
| St. Cloud | 12 | $1,531,800 |
| Clear Lake | 7 | $2,014,900 |
| Otsego | 3 | $505,000 |
| 3 other borrower cities | 4 | $6,700,000 |
Elk River accounts for 92 approvals against 43 in Zimmerman. 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.
Sherburne County
How large is Sherburne County?
- Land area433 sq mi
- Rank by land area among Minnesota counties77th of 87
- Width, east to west31.1 mi
- Height, north to south21.7 mi
- Geographies sharing a boundary7
- Residents per square mile of land232
- Establishments per square mile5.20
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.
Sherburne County
Flood risk in Sherburne County
- Participation of the county's own NFIP community Sherburne County, unincorporated areasParticipating, community 270435
- Communities in the county in the NFIP Community Status Book10
- Of those, participating in the NFIP10
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Sherburne 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 Sherburne County (community 270435), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Sherburne 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 Sherburne 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 Sherburne County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-2024100,560
- Households35,555
- Average household size2.83
- Median household income$105,466
- Median age37.0
Common questions
Sherburne County questions, answered from the record.
How many people live in Sherburne County, Minnesota?
The Census Bureau estimates 103,059 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 100,560, in 35,555 households, ranking 12th of 87 Minnesota counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Sherburne County's population growing?
The population has grown 6.05 percent since the 2020 census base of 97,180, to 103,059 on July 1, 2024. In 2024 there were 1,139 births against 592 deaths, with net migration of 199. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Sherburne County?
$105,466. The median owner-occupied home is valued at $361,400, which is 3.4 times income, and median gross rent is $1,127 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Sherburne County?
2,251 establishments, employing 24,222 people with an annual payroll of $1.30 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 Sherburne County?
Manufacturing is the largest private sector at 4,144 jobs, 14.8 percent of covered employment. Covered employment averages 28,090 jobs at an average annual pay of $57,774, or $1,111 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Sherburne County?
234 7(a) approvals totaling $84.6 m since FY2020, across 47 lenders, with a median approval of $150,000, plus 118 504 approvals worth $80.0 m since FY2010. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Sherburne County get paid back?
Of the 58 loans that have reached a final outcome, 56 were paid in full and 2 charged off, a charge-off rate of 3.4 percent. Loans still running are excluded, because they have not yet succeeded or failed.
How many building permits were issued in Sherburne County?
334 housing units were authorized by permit in 2024, with a declared construction value of $78.6 m. Multifamily was 19.8 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Sherburne 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 Sherburne County come from?
The largest single origin is Hennepin County, with 746 households. Arriving households report an average income of $62,572 against $67,319 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Sherburne 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 Sherburne 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.
Sherburne County
Cities and places in Sherburne.
7 Census places lie wholly or partly in Sherburne County. All 7 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 |
|---|---|---|---|---|
| St. Cloud | city | 70,629 | 12 | 12.4 percent here, 79.0 percent Stearns County, 8.6 percent Benton County |
| Elk River | city | 26,793 | 92 | Wholly in this county |
| Big Lake | city | 12,367 | 37 | Wholly in this county |
| Zimmerman | city | 6,546 | 43 | Wholly in this county |
| Princeton | city | 5,274 | 12 | 27.9 percent here, 72.1 percent Mille Lacs County |
| Becker | city | 5,034 | 24 | Wholly in this county |
| Clear Lake | city | 579 | 7 | Wholly in this county |
A further 7 of the county's 234 SBA 7(a) approvals are to borrowers in cities that match no Census place in Sherburne County, the largest being Otsego (3), Nowthen (2), Lake Placid (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