HomeMinnesotaSherburne CountyElk River city
Elk River city, Minnesota: commercial real estate data.
Elk River city 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.
78 sourced place values · tier FULL · 8 sections · 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$1,455,000
- Largest approval$3,859,400
- Jobs supported1,002
- Jobs per approval9.4
- Loans with a final outcome20
- Paid in full18
- Charged off2
- Charge-off rate over resolved loans10.0 percent
- 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
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
- Charge-off rate over resolved loans0.0 percent
- Median term240 months
- Distinct CDCs4
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Sherburne County, not Elk River
Sherburne County context, not Elk River figures
These are Sherburne County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Elk River measurements.
- Establishments in Sherburne County2,251
- Employment at those establishments, Sherburne County24,222
- Covered employment, Sherburne County28,090
- Average annual pay, Sherburne County$57,774
- Average weekly wage, Sherburne County$1,111
- Housing units permitted, Sherburne County334
- Of those, single family, Sherburne County268
- County product, 2024, Sherburne County$4,896,742,000
- County product change over the prior year, Sherburne County5.1 percent
- Average income of an arriving household, Sherburne County$62,572
Every figure in this section is published for Sherburne County as a whole and is not a measurement of Elk River. 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
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 totalling $49.8 m, across 30 lenders, median approval $164,700, plus 33 504 approvals worth $26.1 m. 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?
Of the 20 loans that have reached a final outcome, 18 were paid in full and 2 charged off, a charge off rate of 10.0 percent. Loans still running are excluded because they have not yet succeeded or failed.
Are the county figures on this page Elk River figures?
No, and they are labelled 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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