HomeMinnesotaSherburne CountyElk River
Elk River, Minnesota: commercial real estate data.
Elk River is a Census city of 26,793 people across 42.33 square miles of land, in Sherburne County. Median household income is $108,741, 79.2 percent of occupied homes are owned, and the SBA record carries 107 7(a) approvals to borrowers here worth $49.8 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Elk River
What Elk River is
- Census place typecity
- Land area42.33 sq mi
- Water area1.48 sq mi
- Population per square mile of land633
- County holding the largest share of its areaSherburne 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.
Elk River
How many people live in Elk River
- Population26,793
- Median age37.2
- Population under 186,658
- Share under 1824.8 percent
- Population 65 and over3,663
- Share 65 and over13.7 percent
- Households9,835
- Family households6,647
- Share of households that are families67.6 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Elk River
Income and work in Elk River
- Median household income$108,741
- Per capita income$50,113
- Civilian labor force15,152
- Employed14,913
- Unemployed239 plus or minus 96
- Unemployment rate1.6 percent plus or minus 0.6
- Adults 25 and over18,461
- Adults 25 and over with a high school diploma or higher94.9 percent
- Adults 25 and over with a bachelor degree or higher33.8 percent
- Adults 25 and over with a graduate degree8.6 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Elk River
Housing in Elk River
- Housing units10,214
- Occupied units9,835
- Vacant units379 plus or minus 213
- Vacancy rate3.7 percent plus or minus 2.1
- Owner occupied7,792
- Renter occupied2,043 plus or minus 445
- Ownership rate79.2 percent
- Median owner-occupied home value$370,100
- Median gross rent, monthly$1,283
- Annual rent as a share of median income14.2 percent
- Single family units8,170
- Share single family80.0 percent
- Units in buildings of two or more2,044 plus or minus 443
- Share in buildings of two or more20.0 percent plus or minus 4.3
- Mobile homes0
- Median year structure built1997
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Elk River
How Elk River gets to work
- Workers 16 and over who commute12,277
- Commuting under 15 minutes3,232
- Share commuting under 15 minutes26.3 percent
- Commuting 30 minutes or more5,393
- Share commuting 30 minutes or more43.9 percent
- Drove alone76.2 percent
- Carpooled5.1 percent plus or minus 1.8
- Public transport1.3 percent plus or minus 0.8
- Walked0.3 percent plus or minus 0.3
- Worked from home15.8 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Elk River
SBA loans in Elk River (7(a))
- Approvals107
- Gross approval$49,762,300
- Average approval$465,068
- Median approval$164,700
- Ninetieth percentile approval$1,242,000
- Largest approval$3,859,400
- Jobs supported1,002
- Jobs per approval9.4
- Loans with a final outcome20
- Paid in full18
- Charged off2
- Median term120 months
- Share on real estate terms of 20 years or more3.7 percent
- Share to franchises5.6 percent
- Distinct lenders30
- Distinct industries by NAICS62
Counted by borrower city: approvals to borrowers whose address is in Elk River, in any county, FY2020 to FY2026. Only 20 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.
Elk River
SBA loans in Elk River (504)
- Approvals33
- Gross approval$26,099,000
- Average approval$790,879
- Median approval$468,000
- Largest approval$4,824,000
- Jobs supported281
- Loans with a final outcome13
- Charged off0
- Median term240 months
- Distinct CDCs4
Counted by borrower city: approvals to borrowers whose address is in Elk River, in any county, FY2010 to FY2026. Only 13 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.
Elk River
Flood risk in Elk River
- NFIP communityCity of Elk River
- NFIP community number270436
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date11/16/11
The City of Elk River participates in the National Flood Insurance Program as community 270436 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.
Sherburne County, not Elk River
Sherburne County context, not Elk River figures
- Establishments in Sherburne County2,251
- Covered employment, Sherburne County28,090
- Average annual pay, Sherburne County$57,774
- Housing units permitted, Sherburne County334
Every figure in this section is published for Sherburne County as a whole and is not a measurement of Elk River.
All Sherburne County figures →
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
Elk River questions, answered from the record.
How many people live in Elk River, Minnesota?
26,793, in 9,835 households. Elk River city covers 42.33 square miles of land, which is 633 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Elk River in?
Sherburne 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 Elk River?
$108,741. The median owner-occupied home is valued at $370,100. Median gross rent is $1,283 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Elk River businesses?
107 7(a) approvals totaling $49.8 m since FY2020, across 30 lenders, median approval $164,700, plus 33 504 approvals worth $26.1 m since FY2010. These count approvals to borrowers whose address is in Elk River, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Elk River borrowers get paid back?
No rate is published for Elk River. Only 20 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 Elk River in the National Flood Insurance Program?
Yes. Elk River appears in the FEMA Community Status Book as Elk River, city of, community 270436, 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 Elk River figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Sherburne 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 Elk River.
Is zoning published for Elk River?
No. Nothing on this page presents parcel level zoning.
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