HomeMinnesotaWaseca CountyWaseca city
Waseca city, Minnesota: commercial real estate data.
Waseca city is a Census city of 9,164 people across 4.30 square miles of land, in Waseca County. Median household income is $64,074, 71.9 percent of occupied homes are owned, and the SBA record carries 19 7(a) approvals to borrowers here worth $3.9 m.
76 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Waseca
What Waseca is
- Census place typecity
- Land area4.3 sq mi
- Water area1.18 sq mi
- Population per square mile of land2,133
- County holding the largest share of its areaWaseca 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.
Waseca
How many people live in Waseca
- Population9,164
- Median age38.0
- Population under 182,205
- Share under 1824.1 percent
- Population 65 and over1,516
- Share 65 and over16.5 percent
- Households3,546
- Family households2,241
- Share of households that are families63.2 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Waseca
Income and work in Waseca
- Median household income$64,074
- Per capita income$30,270
- Civilian labor force4,193
- Employed4,077
- Unemployed116 plus or minus 58
- Unemployment rate2.8 percent plus or minus 1.4
- Adults 25 and over6,317
- Adults 25 and over with a high school diploma or higher92.7 percent
- Adults 25 and over with a bachelor degree or higher17.2 percent plus or minus 3.8
- Adults 25 and over with a graduate degree3.8 percent plus or minus 1.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Waseca
Housing in Waseca
- Housing units3,682
- Occupied units3,546
- Vacant units136 plus or minus 98
- Vacancy rate3.7 percent plus or minus 2.7
- Owner occupied2,549
- Renter occupied997
- Ownership rate71.9 percent
- Median owner-occupied home value$189,200
- Median gross rent, monthly$903
- Annual rent as a share of median income16.9 percent plus or minus 3.6
- Single family units2,786
- Share single family75.7 percent
- Units in buildings of two or more832 plus or minus 215
- Share in buildings of two or more22.6 percent plus or minus 5.8
- Mobile homes64 plus or minus 81
- Median year structure built1970
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Waseca
How Waseca gets to work
- Workers 16 and over who commute3,892
- Commuting under 15 minutes1,727
- Share commuting under 15 minutes44.4 percent
- Commuting 30 minutes or more939 plus or minus 235
- Share commuting 30 minutes or more24.1 percent plus or minus 5.8
- Drove alone84.8 percent
- Carpooled9.2 percent plus or minus 3.8
- Public transport0.3 percent plus or minus 0.4
- Walked2.7 percent plus or minus 2.3
- Worked from home2.8 percent plus or minus 1.7
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Waseca
SBA loans in Waseca (7(a))
- Approvals19
- Gross approval$3,948,400
- Average approval$207,811
- Median approval$112,000
- Ninetieth percentile approval$500,000
- Largest approval$1,000,000
- Jobs supported44
- Jobs per approval2.3
- Loans with a final outcome9
- Paid in full9
- Charged off0
- Median term84 months
- Share on real estate terms of 20 years or more10.5 percent
- Share to franchises0.0 percent
- Distinct lenders6
- Distinct industries by NAICS10
A charge-off rate is not published here. only 9 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.
Waseca
SBA loans in Waseca (504)
- Approvals9
- Gross approval$2,824,000
- Average approval$313,778
- Median approval$290,000
- Largest approval$603,000
- Jobs supported49
- Loans with a final outcome4
- Charged off0
- Median term240 months
- Distinct CDCs5
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Waseca County, not Waseca
Waseca County context, not Waseca figures
These are Waseca County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Waseca measurements.
- Establishments in Waseca County426
- Employment at those establishments, Waseca County4,108
- Covered employment, Waseca County5,530
- Average annual pay, Waseca County$54,072
- Average weekly wage, Waseca County$1,040
- Housing units permitted, Waseca County25
- Of those, single family, Waseca County25
- County product, 2024, Waseca County$1,256,325,000
- County product change over the prior year, Waseca County11.0 percent
- Average income of an arriving household, Waseca County$54,386
Every figure in this section is published for Waseca County as a whole and is not a measurement of Waseca. 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
Waseca questions, answered from the record.
How many people live in Waseca, Minnesota?
9,164, in 3,546 households. Waseca city covers 4.30 square miles of land, which is 2,133 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Waseca in?
Waseca 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 Waseca?
$64,074. The median owner-occupied home is valued at $189,200. Median gross rent is $903 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Waseca businesses?
19 7(a) approvals totalling $3.9 m, across 6 lenders, median approval $112,000, plus 9 504 approvals worth $2.8 m. These count approvals to borrowers whose address is in Waseca, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Waseca borrowers get paid back?
No rate is published for Waseca. only 9 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 Waseca figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Waseca 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 Waseca.
Is zoning published for Waseca?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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