HomeSouth DakotaGrant CountyMilbank city
Milbank city, South Dakota: commercial real estate data.
Milbank city is a Census city of 3,525 people across 2.77 square miles of land, in Grant County. Median household income is $56,011, 69.8 percent of occupied homes are owned, and the SBA record carries 7 7(a) approvals to borrowers here worth $7.0 m.
76 sourced place values · tier FULL · 8 sections
Milbank
What Milbank is
- Census place typecity
- Land area2.77 sq mi
- Water area0.08 sq mi
- Population per square mile of land1,271
- County holding the largest share of its areaGrant 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.
Milbank
How many people live in Milbank
- Population3,525
- Median age50.0
- Population under 18709
- Share under 1820.1 percent
- Population 65 and over1,035 plus or minus 215
- Share 65 and over29.4 percent plus or minus 6.1
- Households1,530
- Family households879
- Share of households that are families57.5 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Milbank
Income and work in Milbank
- Median household income$56,011 plus or minus $13,441
- Per capita income$37,811
- Civilian labor force1,889
- Employed1,862
- Unemployed27 plus or minus 34
- Unemployment rate1.4 percent plus or minus 1.8
- Adults 25 and over2,618
- Adults 25 and over with a high school diploma or higher93.1 percent
- Adults 25 and over with a bachelor degree or higher31.2 percent plus or minus 8.2
- Adults 25 and over with a graduate degree10.9 percent plus or minus 4.4
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Milbank
Housing in Milbank
- Housing units1,738
- Occupied units1,530
- Vacant units208 plus or minus 128
- Vacancy rate12.0 percent plus or minus 7.3
- Owner occupied1,068
- Renter occupied462 plus or minus 132
- Ownership rate69.8 percent
- Median owner-occupied home value$155,000
- Median gross rent, monthly$548 plus or minus $364
- Annual rent as a share of median income11.7 percent plus or minus 8.3
- Single family units1,203
- Share single family69.2 percent
- Units in buildings of two or more458 plus or minus 176
- Share in buildings of two or more26.4 percent plus or minus 9.9
- Mobile homes77 plus or minus 76
- Median year structure built1972
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Milbank
How Milbank gets to work
- Workers 16 and over who commute1,570
- Commuting under 15 minutes1,178 plus or minus 236
- Share commuting under 15 minutes75.0 percent
- Commuting 30 minutes or more54 plus or minus 52
- Share commuting 30 minutes or more3.4 percent plus or minus 3.3
- Drove alone71.5 percent
- Carpooled11.6 percent plus or minus 6.7
- Public transport0.0 percent
- Walked5.8 percent plus or minus 4.8
- Worked from home10.3 percent plus or minus 6.2
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Milbank
SBA 7(a) lending to Milbank borrowers
- Approvals7
- Gross approval$7,011,400
- Average approval$1,001,629
- Median approval$350,000
- Ninetieth percentile approval$4,725,000
- Largest approval$4,725,000
- Jobs supported158
- Jobs per approval22.6
- Loans with a final outcome2
- Paid in full2
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more42.9 percent
- Share to franchises0.0 percent
- Distinct lenders5
- Distinct industries by NAICS5
A charge-off rate is not published here. only 2 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.
Milbank
SBA 504 lending to Milbank borrowers
- Approvals3
- Gross approval$8,334,000
- Average approval$2,778,000
- Median approval$3,593,000
- Largest approval$4,577,000
- Jobs supported44
- Loans with a final outcome0
- 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.
Grant County, not Milbank
Grant County context, not Milbank figures
These are Grant County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Milbank measurements.
- Establishments in Grant County284
- Employment at those establishments, Grant County3,666
- Covered employment, Grant County3,854
- Average annual pay, Grant County$54,491
- Average weekly wage, Grant County$1,048
- Housing units permitted, Grant County22
- Of those, single family, Grant County18
- County product, 2024, Grant County$831,002,000
- County product change over the prior year, Grant County12.8 percent
- Average income of an arriving household, Grant County$96,866
Every figure in this section is published for Grant County as a whole and is not a measurement of Milbank. 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
Milbank questions, answered from the record.
How many people live in Milbank, South Dakota?
3,525, in 1,530 households. Milbank city covers 2.77 square miles of land, which is 1,271 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Milbank in?
Grant 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 Milbank?
$56,011. The median owner-occupied home is valued at $155,000. Median gross rent is $548 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Milbank businesses?
7 7(a) approvals totalling $7.0 m, across 5 lenders, median approval $350,000, plus 3 504 approvals worth $8.3 m. These count approvals to borrowers whose address is in Milbank, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Milbank borrowers get paid back?
No rate is published for Milbank. only 2 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 Milbank figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Grant 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 Milbank.
Is zoning published for Milbank?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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