HomeMinnesotaSteele CountyOwatonna city
Owatonna city, Minnesota: commercial real estate data.
Owatonna city is a Census city of 26,498 people across 15.17 square miles of land, in Steele County. Median household income is $80,750, 75.6 percent of occupied homes are owned, and the SBA record carries 52 7(a) approvals to borrowers here worth $12.0 m.
77 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Owatonna
What Owatonna is
- Census place typecity
- Land area15.17 sq mi
- Water area0.08 sq mi
- Population per square mile of land1,747
- County holding the largest share of its areaSteele 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.
Owatonna
How many people live in Owatonna
- Population26,498
- Median age40.4
- Population under 186,343
- Share under 1823.9 percent
- Population 65 and over5,174
- Share 65 and over19.5 percent
- Households11,018
- Family households6,827
- Share of households that are families62.0 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Owatonna
Income and work in Owatonna
- Median household income$80,750
- Per capita income$41,767
- Civilian labor force13,577
- Employed13,088
- Unemployed489 plus or minus 164
- Unemployment rate3.6 percent plus or minus 1.2
- Adults 25 and over18,248
- Adults 25 and over with a high school diploma or higher94.3 percent
- Adults 25 and over with a bachelor degree or higher29.3 percent
- Adults 25 and over with a graduate degree9.1 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Owatonna
Housing in Owatonna
- Housing units11,500
- Occupied units11,018
- Vacant units482 plus or minus 235
- Vacancy rate4.2 percent plus or minus 2.0
- Owner occupied8,334
- Renter occupied2,684
- Ownership rate75.6 percent
- Median owner-occupied home value$245,200
- Median gross rent, monthly$1,067
- Annual rent as a share of median income15.9 percent
- Single family units8,711
- Share single family75.7 percent
- Units in buildings of two or more2,403
- Share in buildings of two or more20.9 percent
- Mobile homes356 plus or minus 143
- Median year structure built1978
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Owatonna
How Owatonna gets to work
- Workers 16 and over who commute11,769
- Commuting under 15 minutes7,451
- Share commuting under 15 minutes63.3 percent
- Commuting 30 minutes or more2,415
- Share commuting 30 minutes or more20.5 percent
- Drove alone81.7 percent
- Carpooled5.8 percent plus or minus 2.0
- Public transport1.2 percent plus or minus 0.8
- Walked1.8 percent plus or minus 0.8
- Worked from home8.3 percent plus or minus 2.1
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Owatonna
SBA loans in Owatonna (7(a))
- Approvals52
- Gross approval$11,990,800
- Average approval$230,592
- Median approval$125,400
- Ninetieth percentile approval$670,000
- Largest approval$1,267,300
- Jobs supported420
- Jobs per approval8.1
- Loans with a final outcome15
- Paid in full14
- Charged off1
- Charge-off rate over resolved loans6.7 percent
- Median term120 months
- Share on real estate terms of 20 years or more11.5 percent
- Share to franchises9.6 percent
- Distinct lenders16
- Distinct industries by NAICS31
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Owatonna
SBA loans in Owatonna (504)
- Approvals17
- Gross approval$9,812,000
- Average approval$577,176
- Median approval$383,000
- Largest approval$3,102,000
- Jobs supported117
- Loans with a final outcome6
- Charged off0
- Median term240 months
- Distinct CDCs3
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Steele County, not Owatonna
Steele County context, not Owatonna figures
These are Steele County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Owatonna measurements.
- Establishments in Steele County1,024
- Employment at those establishments, Steele County18,853
- Covered employment, Steele County18,956
- Average annual pay, Steele County$61,897
- Average weekly wage, Steele County$1,190
- Housing units permitted, Steele County28
- Of those, single family, Steele County24
- County product, 2024, Steele County$2,874,475,000
- County product change over the prior year, Steele County5.2 percent
- Average income of an arriving household, Steele County$53,790
Every figure in this section is published for Steele County as a whole and is not a measurement of Owatonna. 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
Owatonna questions, answered from the record.
How many people live in Owatonna, Minnesota?
26,498, in 11,018 households. Owatonna city covers 15.17 square miles of land, which is 1,747 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Owatonna in?
Steele 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 Owatonna?
$80,750. The median owner-occupied home is valued at $245,200. Median gross rent is $1,067 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Owatonna businesses?
52 7(a) approvals totalling $12.0 m, across 16 lenders, median approval $125,400, plus 17 504 approvals worth $9.8 m. These count approvals to borrowers whose address is in Owatonna, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Owatonna borrowers get paid back?
Of the 15 loans that have reached a final outcome, 14 were paid in full and 1 charged off, a charge off rate of 6.7 percent. Loans still running are excluded because they have not yet succeeded or failed.
Are the county figures on this page Owatonna figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Steele 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 Owatonna.
Is zoning published for Owatonna?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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