HomeMinnesotaSt. Louis CountyHermantown city
Hermantown city, Minnesota: commercial real estate data.
Hermantown city is a Census city of 10,218 people across 34.36 square miles of land, in St. Louis County. Median household income is $90,849, 73.1 percent of occupied homes are owned, and the SBA record carries 23 7(a) approvals to borrowers here worth $9.5 m.
76 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Hermantown
What Hermantown is
- Census place typecity
- Land area34.36 sq mi
- Water area0.02 sq mi
- Population per square mile of land297
- County holding the largest share of its areaSt. Louis 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.
Hermantown
How many people live in Hermantown
- Population10,218
- Median age38.7
- Population under 182,376
- Share under 1823.3 percent
- Population 65 and over1,737
- Share 65 and over17.0 percent
- Households3,836
- Family households2,679
- Share of households that are families69.8 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hermantown
Income and work in Hermantown
- Median household income$90,849
- Per capita income$55,803 plus or minus $12,050
- Civilian labor force5,070
- Employed4,965
- Unemployed105 plus or minus 77
- Unemployment rate2.1 percent plus or minus 1.5
- Adults 25 and over6,671
- Adults 25 and over with a high school diploma or higher97.9 percent
- Adults 25 and over with a bachelor degree or higher39.9 percent
- Adults 25 and over with a graduate degree16.9 percent plus or minus 5.1
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hermantown
Housing in Hermantown
- Housing units3,946
- Occupied units3,836
- Vacant units110 plus or minus 85
- Vacancy rate2.8 percent plus or minus 2.1
- Owner occupied2,803
- Renter occupied1,033 plus or minus 279
- Ownership rate73.1 percent
- Median owner-occupied home value$382,300
- Median gross rent, monthly$1,463
- Annual rent as a share of median income19.3 percent
- Single family units3,168
- Share single family80.3 percent
- Units in buildings of two or more566 plus or minus 187
- Share in buildings of two or more14.3 percent plus or minus 4.7
- Mobile homes212 plus or minus 96
- Median year structure built1993
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hermantown
How Hermantown gets to work
- Workers 16 and over who commute4,478
- Commuting under 15 minutes1,755 plus or minus 390
- Share commuting under 15 minutes39.2 percent plus or minus 8.3
- Commuting 30 minutes or more374 plus or minus 130
- Share commuting 30 minutes or more8.4 percent plus or minus 2.8
- Drove alone84.2 percent
- Carpooled3.4 percent plus or minus 2.2
- Public transport0.0 percent
- Walked1.5 percent plus or minus 1.0
- Worked from home11.0 percent plus or minus 3.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hermantown
SBA loans in Hermantown (7(a))
- Approvals23
- Gross approval$9,481,500
- Average approval$412,239
- Median approval$150,000
- Ninetieth percentile approval$500,000
- Largest approval$4,073,000
- Jobs supported155
- Jobs per approval6.7
- Loans with a final outcome7
- Paid in full6
- Charged off1
- Median term120 months
- Share on real estate terms of 20 years or more8.7 percent
- Share to franchises13.0 percent
- Distinct lenders12
- Distinct industries by NAICS17
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.
Hermantown
SBA loans in Hermantown (504)
- Approvals9
- Gross approval$5,127,000
- Average approval$569,667
- Median approval$427,000
- Largest approval$1,693,000
- Jobs supported47
- Loans with a final outcome3
- 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.
St. Louis County, not Hermantown
St. Louis County context, not Hermantown figures
These are St. Louis County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Hermantown measurements.
- Establishments in St. Louis County5,360
- Employment at those establishments, St. Louis County84,223
- Covered employment, St. Louis County95,504
- Average annual pay, St. Louis County$60,452
- Average weekly wage, St. Louis County$1,163
- Housing units permitted, St. Louis County637
- Of those, single family, St. Louis County293
- County product, 2024, St. Louis County$13,873,687,000
- County product change over the prior year, St. Louis County1.6 percent
- Average income of an arriving household, St. Louis County$61,324
Every figure in this section is published for St. Louis County as a whole and is not a measurement of Hermantown. 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
Hermantown questions, answered from the record.
How many people live in Hermantown, Minnesota?
10,218, in 3,836 households. Hermantown city covers 34.36 square miles of land, which is 297 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Hermantown in?
St. Louis 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 Hermantown?
$90,849. The median owner-occupied home is valued at $382,300. Median gross rent is $1,463 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Hermantown businesses?
23 7(a) approvals totalling $9.5 m, across 12 lenders, median approval $150,000, plus 9 504 approvals worth $5.1 m. These count approvals to borrowers whose address is in Hermantown, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Hermantown borrowers get paid back?
No rate is published for Hermantown. 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 Hermantown figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for St. Louis 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 Hermantown.
Is zoning published for Hermantown?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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