HomeMinnesotaSt. Louis CountyHoyt Lakes city
Hoyt Lakes city, Minnesota: commercial real estate data.
Hoyt Lakes city is a Census city of 2,064 people across 55.91 square miles of land, in St. Louis County. Median household income is $65,764, 95.7 percent of occupied homes are owned.
60 sourced place values · tier FULL · 7 sections
Hoyt Lakes
What Hoyt Lakes is
- Census place typecity
- Land area55.91 sq mi
- Water area1.68 sq mi
- Population per square mile of land37
- 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.
Hoyt Lakes
How many people live in Hoyt Lakes
- Population2,064
- Median age42.8
- Population under 18412 plus or minus 101
- Share under 1820.0 percent
- Population 65 and over472 plus or minus 96
- Share 65 and over22.9 percent
- Households839
- Family households503
- Share of households that are families60.0 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hoyt Lakes
Income and work in Hoyt Lakes
- Median household income$65,764
- Per capita income$31,446
- Civilian labor force976 plus or minus 298
- Employed840 plus or minus 175
- Unemployed136 plus or minus 147
- Unemployment rate13.9 percent plus or minus 14.4
- Adults 25 and over1,369
- Adults 25 and over with a high school diploma or higher95.3 percent
- Adults 25 and over with a bachelor degree or higher17.1 percent plus or minus 5.6
- Adults 25 and over with a graduate degree5.5 percent plus or minus 3.2
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hoyt Lakes
Housing in Hoyt Lakes
- Housing units955
- Occupied units839
- Vacant units116 plus or minus 58
- Vacancy rate12.1 percent plus or minus 6.0
- Owner occupied803
- Renter occupied36 plus or minus 31
- Ownership rate95.7 percent
- Median owner-occupied home value$93,300
- Median gross rent, monthly$1,550 plus or minus $1,282
- Annual rent as a share of median income28.3 percent plus or minus 23.9
- Single family units925
- Share single family96.9 percent
- Units in buildings of two or more17 plus or minus 25
- Share in buildings of two or more1.8 percent plus or minus 2.6
- Mobile homes13 plus or minus 22
- Median year structure built1956
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hoyt Lakes
How Hoyt Lakes gets to work
- Workers 16 and over who commute666
- Commuting under 15 minutes186 plus or minus 62
- Share commuting under 15 minutes27.9 percent plus or minus 7.6
- Commuting 30 minutes or more374 plus or minus 96
- Share commuting 30 minutes or more56.2 percent
- Drove alone72.8 percent plus or minus 22.8
- Carpooled10.0 percent plus or minus 4.6
- Public transport0.1 percent plus or minus 0.2
- Walked0.0 percent
- Worked from home17.0 percent plus or minus 16.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Hoyt Lakes
SBA 504 lending to Hoyt Lakes borrowers
- Approvals2
- Gross approval$982,000
- Average approval$491,000
- Median approval$600,000
- Largest approval$600,000
- Jobs supported18
- Loans with a final outcome0
- 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 Hoyt Lakes
St. Louis County context, not Hoyt Lakes 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 Hoyt Lakes 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 Hoyt Lakes. 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
Hoyt Lakes questions, answered from the record.
How many people live in Hoyt Lakes, Minnesota?
2,064, in 839 households. Hoyt Lakes city covers 55.91 square miles of land, which is 37 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Hoyt Lakes 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 Hoyt Lakes?
$65,764. The median owner-occupied home is valued at $93,300. Median gross rent is $1,550 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Are the county figures on this page Hoyt Lakes 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 Hoyt Lakes.
Is zoning published for Hoyt Lakes?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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