HomeMinnesotaWright CountyOtsego city
Otsego city, Minnesota: commercial real estate data.
Otsego city is a Census city of 22,245 people across 29.61 square miles of land, in Wright County. Median household income is $119,927, 92.7 percent of occupied homes are owned, and the SBA record carries 20 7(a) approvals to borrowers here worth $4.4 m.
76 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Otsego
What Otsego is
- Census place typecity
- Land area29.61 sq mi
- Water area0.96 sq mi
- Population per square mile of land751
- County holding the largest share of its areaWright 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.
Otsego
How many people live in Otsego
- Population22,245
- Median age34.9
- Population under 186,655
- Share under 1829.9 percent
- Population 65 and over2,257
- Share 65 and over10.1 percent
- Households7,518
- Family households5,616
- Share of households that are families74.7 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Otsego
Income and work in Otsego
- Median household income$119,927
- Per capita income$48,748
- Civilian labor force12,405
- Employed12,190
- Unemployed215 plus or minus 104
- Unemployment rate1.7 percent plus or minus 0.8
- Adults 25 and over14,204
- Adults 25 and over with a high school diploma or higher93.7 percent
- Adults 25 and over with a bachelor degree or higher40.0 percent
- Adults 25 and over with a graduate degree7.9 percent plus or minus 2.0
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Otsego
Housing in Otsego
- Housing units7,757
- Occupied units7,518
- Vacant units239 plus or minus 167
- Vacancy rate3.1 percent plus or minus 2.1
- Owner occupied6,967
- Renter occupied551 plus or minus 204
- Ownership rate92.7 percent
- Median owner-occupied home value$396,700
- Median gross rent, monthly$1,765
- Annual rent as a share of median income17.7 percent
- Single family units7,287
- Share single family93.9 percent
- Units in buildings of two or more174 plus or minus 101
- Share in buildings of two or more2.2 percent plus or minus 1.3
- Mobile homes263 plus or minus 169
- Median year structure built2008
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Otsego
How Otsego gets to work
- Workers 16 and over who commute10,253
- Commuting under 15 minutes1,653 plus or minus 384
- Share commuting under 15 minutes16.1 percent plus or minus 3.6
- Commuting 30 minutes or more5,821
- Share commuting 30 minutes or more56.8 percent
- Drove alone72.2 percent
- Carpooled9.5 percent plus or minus 4.9
- Public transport0.2 percent plus or minus 0.3
- Walked0.2 percent plus or minus 0.3
- Worked from home15.2 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Otsego
SBA loans in Otsego (7(a))
- Approvals20
- Gross approval$4,444,400
- Average approval$222,220
- Median approval$150,000
- Ninetieth percentile approval$799,000
- Largest approval$799,000
- Jobs supported191
- Jobs per approval9.6
- Loans with a final outcome5
- Paid in full5
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises15.0 percent
- Distinct lenders11
- Distinct industries by NAICS16
A charge-off rate is not published here. only 5 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.
Otsego
SBA loans in Otsego (504)
- Approvals10
- Gross approval$10,956,000
- Average approval$1,095,600
- Median approval$1,026,000
- Largest approval$2,505,000
- Jobs supported79
- Loans with a final outcome2
- Charged off0
- Median term300 months
- Distinct CDCs3
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Wright County, not Otsego
Wright County context, not Otsego figures
These are Wright County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Otsego measurements.
- Establishments in Wright County3,680
- Employment at those establishments, Wright County42,944
- Covered employment, Wright County48,758
- Average annual pay, Wright County$55,999
- Average weekly wage, Wright County$1,077
- Housing units permitted, Wright County1,264
- Of those, single family, Wright County1,032
- County product, 2024, Wright County$7,314,179,000
- County product change over the prior year, Wright County6.5 percent
- Average income of an arriving household, Wright County$79,885
Every figure in this section is published for Wright County as a whole and is not a measurement of Otsego. 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
Otsego questions, answered from the record.
How many people live in Otsego, Minnesota?
22,245, in 7,518 households. Otsego city covers 29.61 square miles of land, which is 751 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Otsego in?
Wright 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 Otsego?
$119,927. The median owner-occupied home is valued at $396,700. Median gross rent is $1,765 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Otsego businesses?
20 7(a) approvals totalling $4.4 m, across 11 lenders, median approval $150,000, plus 10 504 approvals worth $11.0 m. These count approvals to borrowers whose address is in Otsego, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Otsego borrowers get paid back?
No rate is published for Otsego. only 5 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 Otsego figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Wright 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 Otsego.
Is zoning published for Otsego?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.