HomeSouth DakotaMinnehaha County
Minnehaha County, South Dakota: commercial real estate data.
Minnehaha County, South Dakota had an estimated 208,639 residents on July 1, 2024, up 5.8 percent since the 2020 census base of 197,221, across 807 square miles. County output reached $22.45 bn in 2024, 6,262 establishments operate here, and the SBA record carries 300 7(a) approvals worth $101.9 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Minnehaha County
How many people live in Minnehaha County
- Population, American Community Survey 2020-2024203,289
- Households84,814
- Average household size2.40
- Median household income$76,880
- Median age36.0
- Median gross rent$978 per month
- Median owner-occupied home value$287,600
- Home value to household income3.7 times
- Annual rent as a share of median income15.3 percent
- Adults 25 and over with a bachelor degree or higher35.2 percent
- Adults 25 and over with a graduate degree10.5 percent
- Adults 25 and over134,665
- Population under 1851,607
- Share under 1825.4 percent
- Population 65 and over28,306
- Share 65 and over13.9 percent
- Working age population, 18 to 64123,376
- Civilian labor force116,075
- Unemployment rate2.5 percent
- Labor force participation, adults 18 and over76.5 percent
- Rank by population among South Dakota counties1st of 66
- Rank by population among US county-equivalents, Puerto Rico included346th of 3,222
Minnehaha County is the 1st largest of 66 South Dakota counties by population. A median home costs 3.7 times median household income, which is moderately unaffordable by national standards. Residents under 18 outnumber those 65 and over, at 25.4 percent against 13.9 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Minnehaha County
Is Minnehaha County's population growing?
- Population, July 1, 2024208,639
- Census 2020 base population197,221
- Population change since the 2020 census base5.79 percent
- Population change, 2023 to 20242,175
- Births, 20242,723
- Deaths, 20241,468
- Natural change, 20241,255
- Net domestic migration, 2024313
- Net international migration, 2024587
- Total net migration, 2024900
- Cumulative net domestic migration, 2021 to 20243,835
- Rank by growth among US county-equivalents437th of 3,144
The county has grown 5.79 percent since the 2020 census base. The population grew in 2024 from both sources: births exceeded deaths and more people moved in than left.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Minnehaha County
Where are people moving to Minnehaha County from?
- Tax returns filed by households arriving7,000
- People arriving, from those returns11,906
- Tax returns filed by households leaving6,192
- Net household movement808
- Adjusted gross income arriving$613.1 m
- Net adjusted gross income movement$174.9 m
- Average income of an arriving household$87,582
- Average income of a leaving household$70,771
- Largest single originLincoln County (1,485 households)
- Largest single destinationLincoln County (1,881 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Lincoln County | 1,485 | 2,516 | $120.2 m |
| Brookings County | 149 | 216 | $6.9 m |
| Hennepin County | 117 | 174 | $16.6 m |
| Pennington County | 114 | 186 | $5.1 m |
| Davison County | 94 | 137 | $4.3 m |
| Maricopa County | 91 | 156 | $10.9 m |
| Woodbury County | 85 | 123 | $3.5 m |
| Clay County | 79 | 121 | $4.0 m |
Households arriving report $16,811 more average income than households leaving, so the migration is raising local spending power rather than just moving it around. The largest single source of arrivals is Lincoln County, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Minnehaha County
What is the Minnehaha County economy?
- County GDP, 2024$22.45 bn
- County GDP, 2023$20.87 bn
- GDP change, 2023 to 20247.5 percent
- GDP change over five years24.3 percent
- Rank by GDP among the South Dakota areas BEA publishes1st of 66
- Rank by GDP among the US county areas BEA publishes241st of 3,127
- GDP per resident$110,421
Output grew 7.5 percent in the latest year and 24.3 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Minnehaha County
Employment by industry in Minnehaha County
- Covered employment, annual average138,556
- Establishments reporting9,989
- Average annual pay$65,100
- Average weekly wage$1,252
- Health care and social assistance, employment27,518
- Health care and social assistance, average annual pay$76,889
- Retail trade, employment16,608
- Retail trade, average annual pay$40,289
- Manufacturing, employment12,279
- Manufacturing, average annual pay$61,345
- Accommodation and food services, employment11,737
- Accommodation and food services, average annual pay$25,102
- Finance and insurance, employment8,766
- Construction, employment8,757
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Health care and social assistance | 27,518 | 698 | $76,889 |
| Retail trade | 16,608 | 860 | $40,289 |
| Manufacturing | 12,279 | 213 | $61,345 |
| Accommodation and food services | 11,737 | 559 | $25,102 |
| Finance and insurance | 8,766 | 746 | $96,123 |
| Construction | 8,757 | 984 | $76,737 |
| Wholesale trade | 7,429 | 965 | $89,891 |
| Transportation and warehousing | 6,854 | 367 | $53,807 |
Health care and social assistance is the largest private sector at 27,518 jobs, 19.9 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Minnehaha County
How many businesses are in Minnehaha County?
- Establishments, all industries6,262
- Employment at those establishments125,353
- Annual payroll$7.35 bn
- Establishments per 1,000 residents30.8
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Minnehaha County
Building permits in Minnehaha County
- Housing units authorized by permit, 20242,421
- Declared construction value permitted$445.0 m
- Single family units authorized1,015
- Multifamily units authorized1,406
- Multifamily share of units58.1 percent
- Average declared value per unit$183,821
- Units authorized per 1,000 households28.5
Multifamily is 58.1 percent of units authorized, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Minnehaha County
SBA loans in Minnehaha County (7(a) and 504)
- 7(a) approvals recorded300
- 7(a) gross approval dollars$101.9 m
- Average 7(a) approval$339,566
- Median 7(a) approval$150,000
- 10th percentile approval$25,000
- 90th percentile approval$700,710
- Largest single approval$4,782,000
- Jobs reported supported, 7(a)3,163
- Jobs per approval10.5
- Distinct 7(a) lenders active49
- Distinct industries receiving approvals133
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer4.3 percent
- Loans on real estate terms13
- Loans on working capital terms, 120 months or shorter273
- Franchise loans51
- Franchise share of approvals17.0 percent
- Leading industry by approval countLimited-Service Restaurants (17)
- Most active lenderThe First National Bank in Sioux Falls (78)
- 504 approvals recorded423
- 504 gross approval dollars$318.3 m
- Average 504 approval$752,508
- Median 504 approval$433,000
- Distinct CDCs active5
- 504 jobs per approval10.7
- 504 jobs per million dollars approved14.2
- Most active CDCDakota Business Finance (309)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$420.2 m
The average approval of $339,566 sits well above the median of $150,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. Only 4.3 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Minnehaha County
SBA loan default and charge-off rates in Minnehaha County
Do SBA loans in Minnehaha County get paid back?
- Loans with a final outcome recorded83
- Paid in full74
- Charged off9
- Charge-off rate on resolved loans10.8 percent
- Status: Cancelled32
- Status: Exempt from disclosure173
- Status: Paid in full74
- Status: Charged off9
- Status: Committed, not yet disbursed12
Of the 83 loans that have reached a final outcome, 10.8 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Minnehaha County
SBA lending by place in Minnehaha County
- Borrower cities with recorded lending10
- Sioux Falls, approvals245
- Brandon, approvals25
- Hartford, approvals8
- Dell Rapids, approvals7
- Baltic, approvals5
- Garretson, approvals3
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Sioux Falls | 245 | $85,799,800 |
| Brandon | 25 | $8,808,300 |
| Hartford | 8 | $1,731,900 |
| Dell Rapids | 7 | $1,098,600 |
| Baltic | 5 | $1,411,100 |
| Garretson | 3 | $1,916,100 |
| Valley Springs | 2 | $640,000 |
| Humboldt | 2 | $220,000 |
| 2 other borrower cities | 3 | $244,100 |
Sioux Falls accounts for 245 approvals against 25 in Brandon. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Minnehaha County
How large is Minnehaha County?
- Land area807 sq mi
- Rank by land area among South Dakota counties40th of 66
- Width, east to west33.8 mi
- Height, north to south24.2 mi
- Geographies sharing a boundary7
- Residents per square mile of land252
- Establishments per square mile7.76
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Minnehaha County
Flood risk in Minnehaha County
- Participation of the county's own NFIP community Minnehaha County, unincorporated areasParticipating, community 460057
- Communities in the county in the NFIP Community Status Book11
- Of those, participating in the NFIP11
- NFIP participation rate100.0 percent
- Best Community Rating System class in the county A lower CRS class is a larger flood insurance premium discount.Class 6
- Communities carrying a CRS class1
- Radon levels in Minnehaha County, EPA zone predicted average indoor radon screening level greater than 4 pCi/LZone 1
The county's own community in the status book, unincorporated Minnehaha County (community 460057), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Minnehaha County in radon zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. The best Community Rating System class among the county's communities is 6, which carries a flood insurance premium discount for policies written in that community. 100.0 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, 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 →
Feasibility studies
When a Minnehaha County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Minnehaha County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-2024203,289
- Households84,814
- Average household size2.40
- Median household income$76,880
- Median age36.0
Common questions
Minnehaha County questions, answered from the record.
How many people live in Minnehaha County, South Dakota?
The Census Bureau estimates 208,639 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 203,289, in 84,814 households, ranking 1st of 66 South Dakota counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Minnehaha County's population growing?
The population has grown 5.79 percent since the 2020 census base of 197,221, to 208,639 on July 1, 2024. In 2024 there were 2,723 births against 1,468 deaths, with net migration of 900. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Minnehaha County?
$76,880. The median owner-occupied home is valued at $287,600, which is 3.7 times income, and median gross rent is $978 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Minnehaha County?
6,262 establishments, employing 125,353 people with an annual payroll of $7.35 bn. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in Minnehaha County?
Health care and social assistance is the largest private sector at 27,518 jobs, 19.9 percent of covered employment. Covered employment averages 138,556 jobs at an average annual pay of $65,100, or $1,252 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Minnehaha County?
300 7(a) approvals totaling $101.9 m since FY2020, across 49 lenders, with a median approval of $150,000, plus 423 504 approvals worth $318.3 m since FY2010. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Minnehaha County get paid back?
Of the 83 loans that have reached a final outcome, 74 were paid in full and 9 charged off, a charge-off rate of 10.8 percent. Loans still running are excluded, because they have not yet succeeded or failed.
How many building permits were issued in Minnehaha County?
2,421 housing units were authorized by permit in 2024, with a declared construction value of $445.0 m. Multifamily was 58.1 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Minnehaha County?
Zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Minnehaha County come from?
The largest single origin is Lincoln County, with 1,485 households. Arriving households report an average income of $87,582 against $70,771 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Minnehaha County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Minnehaha County?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Minnehaha County
Cities and places in Minnehaha.
17 Census places lie wholly or partly in Minnehaha County. All 17 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Sioux Falls | city | 201,469 | 245 | 83.6 percent here, 16.4 percent Lincoln County |
| Brandon | city | 10,996 | 25 | Wholly in this county |
| Dell Rapids | city | 3,905 | 7 | Wholly in this county |
| Hartford | city | 3,478 | 8 | Wholly in this county |
| Baltic | city | 1,502 | 5 | Wholly in this county |
| Crooks | city | 1,268 | None recorded | Wholly in this county |
| Garretson | city | 1,176 | 3 | Wholly in this county |
| Valley Springs | city | 996 | 2 | Wholly in this county |
| Meadow View Addition | CDP | 879 | None recorded | Wholly in this county |
| Colton | city | 736 | 2 | Wholly in this county |
| Humboldt | town | 732 | 2 | Wholly in this county |
| Pine Lakes Addition | CDP | 282 | None recorded | Wholly in this county |
| Renner Corner | CDP | 279 | None recorded | Wholly in this county |
| Rowena | CDP | 225 | None recorded | Wholly in this county |
| Anderson | CDP | 219 | None recorded | Wholly in this county |
| Lyons | CDP | 112 | None recorded | Wholly in this county |
| Sherman | town | 65 | None recorded | Wholly in this county |
A further 1 of the county's 300 SBA 7(a) approvals are to borrowers in cities that match no Census place in Minnehaha County, the largest being Tea (1). Those are postal cities, unincorporated areas and cities outside the county, so no place row claims them; they are counted in the county total above.
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