HomeNorth DakotaWard CountyMinot city
Minot city, North Dakota: commercial real estate data.
Minot city is a Census city of 47,791 people across 27.70 square miles of land, in Ward County. Median household income is $73,219, 56.7 percent of occupied homes are owned, and the SBA record carries 45 7(a) approvals to borrowers here worth $23.0 m.
77 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Minot
What Minot is
- Census place typecity
- Land area27.7 sq mi
- Water area0.03 sq mi
- Population per square mile of land1,725
- County holding the largest share of its areaWard 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.
Minot
How many people live in Minot
- Population47,791
- Median age33.5
- Population under 1810,480
- Share under 1821.9 percent
- Population 65 and over6,832
- Share 65 and over14.3 percent
- Households21,202
- Family households11,561
- Share of households that are families54.5 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Minot
Income and work in Minot
- Median household income$73,219
- Per capita income$43,757
- Civilian labor force24,489
- Employed23,647
- Unemployed842 plus or minus 265
- Unemployment rate3.4 percent plus or minus 1.1
- Adults 25 and over31,550
- Adults 25 and over with a high school diploma or higher94.3 percent
- Adults 25 and over with a bachelor degree or higher29.7 percent
- Adults 25 and over with a graduate degree8.8 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Minot
Housing in Minot
- Housing units23,956
- Occupied units21,202
- Vacant units2,754
- Vacancy rate11.5 percent
- Owner occupied12,020
- Renter occupied9,182
- Ownership rate56.7 percent
- Median owner-occupied home value$257,100
- Median gross rent, monthly$973
- Annual rent as a share of median income15.9 percent
- Single family units13,292
- Share single family55.5 percent
- Units in buildings of two or more8,629
- Share in buildings of two or more36.0 percent
- Mobile homes2,035 plus or minus 409
- Median year structure built1983
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Minot
How Minot gets to work
- Workers 16 and over who commute24,323
- Commuting under 15 minutes12,608
- Share commuting under 15 minutes51.8 percent
- Commuting 30 minutes or more3,803
- Share commuting 30 minutes or more15.6 percent
- Drove alone77.2 percent
- Carpooled13.5 percent
- Public transport0.5 percent plus or minus 0.4
- Walked1.4 percent plus or minus 0.5
- Worked from home5.3 percent plus or minus 1.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Minot
SBA loans in Minot (7(a))
- Approvals45
- Gross approval$22,963,300
- Average approval$510,296
- Median approval$137,300
- Ninetieth percentile approval$1,830,000
- Largest approval$4,911,500
- Jobs supported454
- Jobs per approval10.1
- Loans with a final outcome8
- Paid in full7
- Charged off1
- Median term84 months
- Share on real estate terms of 20 years or more20.0 percent
- Share to franchises22.2 percent
- Distinct lenders18
- Distinct industries by NAICS26
A charge-off rate is not published here. only 8 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.
Minot
SBA loans in Minot (504)
- Approvals66
- Gross approval$50,891,000
- Average approval$771,076
- Median approval$416,000
- Largest approval$4,284,000
- Jobs supported709
- Loans with a final outcome15
- Charged off3
- Charge-off rate over resolved loans20.0 percent
- Median term240 months
- Distinct CDCs3
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Ward County, not Minot
Ward County context, not Minot figures
These are Ward County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Minot measurements.
- Establishments in Ward County2,043
- Employment at those establishments, Ward County24,723
- Covered employment, Ward County31,358
- Average annual pay, Ward County$60,491
- Average weekly wage, Ward County$1,163
- Housing units permitted, Ward County130
- Of those, single family, Ward County110
- County product, 2024, Ward County$5,093,673,000
- County product change over the prior year, Ward County3.4 percent
- Average income of an arriving household, Ward County$53,833
Every figure in this section is published for Ward County as a whole and is not a measurement of Minot. 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
Minot questions, answered from the record.
How many people live in Minot, North Dakota?
47,791, in 21,202 households. Minot city covers 27.70 square miles of land, which is 1,725 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Minot in?
Ward 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 Minot?
$73,219. The median owner-occupied home is valued at $257,100. Median gross rent is $973 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Minot businesses?
45 7(a) approvals totalling $23.0 m, across 18 lenders, median approval $137,300, plus 66 504 approvals worth $50.9 m. These count approvals to borrowers whose address is in Minot, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Minot borrowers get paid back?
No rate is published for Minot. only 8 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 Minot figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Ward 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 Minot.
Is zoning published for Minot?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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