HomeSouth DakotaGrant CountyMilbank
Milbank, South Dakota: commercial real estate data.
Milbank 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 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
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 loans in Milbank (7(a))
- Approvals7
- Gross approval$7,011,400
- Average approval$1,001,629
- Median approval$350,000
- 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
Counted by borrower city: approvals to borrowers whose address is in Milbank, in any county, FY2020 to FY2026. Only 2 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Milbank
SBA loans in Milbank (504)
- 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
Counted by borrower city: approvals to borrowers whose address is in Milbank, in any county, FY2010 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Milbank
Flood risk in Milbank
- NFIP communityCity of Milbank
- NFIP community number460200
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date03/27/24
The City of Milbank participates in the National Flood Insurance Program as community 460200 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Grant County, not Milbank
Grant County context, not Milbank figures
- Establishments in Grant County284
- Covered employment, Grant County3,854
- Average annual pay, Grant County$54,491
- Housing units permitted, Grant County22
Every figure in this section is published for Grant County as a whole and is not a measurement of Milbank.
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.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
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 totaling $7.0 m since FY2020, across 5 lenders, median approval $350,000, plus 3 504 approvals worth $8.3 m since FY2010. 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 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Milbank in the National Flood Insurance Program?
Yes. Milbank appears in the FEMA Community Status Book as Milbank, city of, community 460200, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Milbank figures?
No, and they are labeled 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?
No. Nothing on this page presents parcel level zoning.
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