HomeMinnesotaTraverse CountyWheaton
Wheaton, Minnesota: commercial real estate data.
Wheaton is a Census city of 1,389 people across 1.74 square miles of land, in Traverse County. Median household income is $45,781, 76.5 percent of occupied homes are owned, and the SBA record carries 3 7(a) approvals to borrowers here worth $6.1 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Wheaton
What Wheaton is
- Census place typecity
- Land area1.74 sq mi
- Water area0 sq mi
- Population per square mile of land800
- County holding the largest share of its areaTraverse 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.
Wheaton
How many people live in Wheaton
- Population1,389
- Median age46.3
- Population under 18302
- Share under 1821.7 percent
- Population 65 and over417
- Share 65 and over30.0 percent
- Households647
- Family households261
- Share of households that are families40.3 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Wheaton
Income and work in Wheaton
- Median household income$45,781
- Per capita income$29,559
- Civilian labor force521
- Employed505
- Unemployed16 plus or minus 11
- Unemployment rate3.1 percent plus or minus 2.1
- Adults 25 and over994
- Adults 25 and over with a high school diploma or higher94.6 percent
- Adults 25 and over with a bachelor degree or higher18.0 percent plus or minus 3.8
- Adults 25 and over with a graduate degree3.3 percent plus or minus 1.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Wheaton
Housing in Wheaton
- Housing units832
- Occupied units647
- Vacant units185 plus or minus 59
- Vacancy rate22.2 percent plus or minus 6.9
- Owner occupied495
- Renter occupied152 plus or minus 38
- Ownership rate76.5 percent
- Median owner-occupied home value$87,500
- Median gross rent, monthly$609
- Annual rent as a share of median income16.0 percent plus or minus 3.6
- Single family units617
- Share single family74.2 percent
- Units in buildings of two or more203 plus or minus 61
- Share in buildings of two or more24.4 percent plus or minus 7.1
- Mobile homes12 plus or minus 14
- Median year structure built1961
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Wheaton
How Wheaton gets to work
- Workers 16 and over who commute446
- Commuting under 15 minutes327 plus or minus 65
- Share commuting under 15 minutes73.3 percent
- Commuting 30 minutes or more75 plus or minus 30
- Share commuting 30 minutes or more16.8 percent plus or minus 6.1
- Drove alone74.6 percent
- Carpooled8.8 percent plus or minus 4.4
- Public transport0.0 percent
- Walked9.2 percent plus or minus 3.7
- Worked from home6.3 percent plus or minus 3.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Wheaton
SBA loans in Wheaton (7(a))
- Approvals3
- Gross approval$6,133,600
- Average approval$2,044,533
- Median approval$1,967,000
- Largest approval$3,700,000
- Jobs supported41
- Jobs per approval13.7
- Loans with a final outcome1
- Paid in full1
- Charged off0
- Median term117 months
- Share on real estate terms of 20 years or more33.3 percent
- Share to franchises0.0 percent
- Distinct lenders1
- Distinct industries by NAICS1
Counted by borrower city: approvals to borrowers whose address is in Wheaton, in any county, FY2020 to FY2026. Only 1 loan has 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.
Wheaton
Flood risk in Wheaton
- NFIP communityCity of Wheaton
- NFIP community number270611
- Participating in the NFIPYes
- Community Rating System classNone
The City of Wheaton participates in the National Flood Insurance Program as community 270611 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.
Traverse County, not Wheaton
Traverse County context, not Wheaton figures
- Establishments in Traverse County121
- Covered employment, Traverse County1,069
- Average annual pay, Traverse County$48,921
- Housing units permitted, Traverse County4
Every figure in this section is published for Traverse County as a whole and is not a measurement of Wheaton.
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
Wheaton questions, answered from the record.
How many people live in Wheaton, Minnesota?
1,389, in 647 households. Wheaton city covers 1.74 square miles of land, which is 800 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Wheaton in?
Traverse 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 Wheaton?
$45,781. The median owner-occupied home is valued at $87,500. Median gross rent is $609 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Wheaton businesses?
3 7(a) approvals totaling $6.1 m since FY2020, across 1 lenders, median approval $1,967,000. These count approvals to borrowers whose address is in Wheaton, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Wheaton borrowers get paid back?
No rate is published for Wheaton. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Wheaton in the National Flood Insurance Program?
Yes. Wheaton appears in the FEMA Community Status Book as Wheaton, city of, community 270611, 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 Wheaton figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Traverse 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 Wheaton.
Is zoning published for Wheaton?
No. Nothing on this page presents parcel level zoning.
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