HomeMinnesotaWadena CountyVerndale city
Verndale city, Minnesota: commercial real estate data.
Verndale city is a Census city of 452 people across 1.03 square miles of land, in Wadena County. Median household income is $49,063, 88.7 percent of occupied homes are owned, and the SBA record carries 1 7(a) approvals to borrowers here worth $80,000.
66 sourced place values · tier FULL · 7 sections
Verndale
What Verndale is
- Census place typecity
- Land area1.03 sq mi
- Water area0 sq mi
- Population per square mile of land438 plus or minus 96
- County holding the largest share of its areaWadena 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.
Verndale
How many people live in Verndale
- Population452 plus or minus 99
- Median age36.8
- Population under 18106 plus or minus 31
- Share under 1823.5 percent plus or minus 4.7
- Population 65 and over87 plus or minus 30
- Share 65 and over19.2 percent plus or minus 5.2
- Households221
- Family households123 plus or minus 32
- Share of households that are families55.7 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Verndale
Income and work in Verndale
- Median household income$49,063 plus or minus $11,310
- Per capita income$50,330 plus or minus $18,890
- Civilian labor force216 plus or minus 69
- Employed208 plus or minus 65
- Unemployed8 plus or minus 10
- Unemployment rate3.7 percent plus or minus 4.5
- Adults 25 and over294
- Adults 25 and over with a high school diploma or higher89.8 percent plus or minus 24.7
- Adults 25 and over with a bachelor degree or higher13.6 percent plus or minus 5.4
- Adults 25 and over with a graduate degree4.1 percent plus or minus 4.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Verndale
Housing in Verndale
- Housing units247
- Occupied units221
- Vacant units26 plus or minus 20
- Vacancy rate10.5 percent plus or minus 7.8
- Owner occupied196 plus or minus 45
- Renter occupied25 plus or minus 10
- Ownership rate88.7 percent
- Median owner-occupied home value$104,600
- Median gross rent, monthly$708
- Annual rent as a share of median income17.3 percent plus or minus 4.8
- Single family units201 plus or minus 47
- Share single family81.4 percent
- Units in buildings of two or more12 plus or minus 12
- Share in buildings of two or more4.9 percent plus or minus 4.9
- Mobile homes34 plus or minus 23
- Median year structure built1957
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Verndale
How Verndale gets to work
- Workers 16 and over who commute186 plus or minus 57
- Commuting under 15 minutes100 plus or minus 38
- Share commuting under 15 minutes53.8 percent plus or minus 11.8
- Commuting 30 minutes or more57 plus or minus 27
- Share commuting 30 minutes or more30.6 percent plus or minus 11.4
- Drove alone77.5 percent plus or minus 32.6
- Carpooled9.5 percent plus or minus 11.6
- Public transport0.0 percent
- Walked3.5 percent plus or minus 2.8
- Worked from home7.0 percent plus or minus 3.4
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Verndale
SBA 7(a) lending to Verndale borrowers
- Approvals1
- Gross approval$80,000
- Average approval$80,000
- Median approval$80,000
- Ninetieth percentile approval$80,000
- Largest approval$80,000
- Jobs supported15
- Jobs per approval15.0
- Loans with a final outcome1
- Paid in full1
- Charged off0
- Median term36 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders1
- Distinct industries by NAICS1
A charge-off rate is not published here. only 1 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.
Wadena County, not Verndale
Wadena County context, not Verndale figures
These are Wadena County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Verndale measurements.
- Establishments in Wadena County399
- Employment at those establishments, Wadena County3,946
- Covered employment, Wadena County5,650
- Average annual pay, Wadena County$50,358
- Average weekly wage, Wadena County$968
- Housing units permitted, Wadena County57
- Of those, single family, Wadena County48
- County product, 2024, Wadena County$744,468,000
- County product change over the prior year, Wadena County6.2 percent
- Average income of an arriving household, Wadena County$52,073
Every figure in this section is published for Wadena County as a whole and is not a measurement of Verndale. 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
Verndale questions, answered from the record.
How many people live in Verndale, Minnesota?
452, in 221 households. Verndale city covers 1.03 square miles of land, which is 438 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Verndale in?
Wadena 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 Verndale?
$49,063. The median owner-occupied home is valued at $104,600. Median gross rent is $708 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Verndale businesses?
1 7(a) approvals totalling $80,000, across 1 lenders, median approval $80,000. These count approvals to borrowers whose address is in Verndale, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Verndale borrowers get paid back?
No rate is published for Verndale. only 1 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 Verndale figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Wadena 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 Verndale.
Is zoning published for Verndale?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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