Real estate · County · Minnesota
Real estate businesses in Hennepin County, MN
How Hennepin County, MN compares with other counties and the U.S. for real estate businesses: competitors, household spending, official counts and growth.
Groundwork market score · out of 100
Score 25 out of 100: Lower middle
Ranked #2,182 of 2,229 scored counties
#65 of 65 scored counties in Minnesota
- Listings
- 3,008
- 168 chain locations (6%)
- Official establishments
- 2,114
- +9.3% since 2019
- Household spending a year
- $8.6B
- On rent and homeowner costs · $15,993 a household
- Housing spending per listing (U.S. = 100)
- 66
- 34% below the U.S.
- Listings per 10k households
- 55.8
- 45% above the U.S.
- Population, 2025
- 1,284,784
- +0.2% since 2020
See the real estate businesses around any address in Hennepin County
The site report maps the real estate businesses on map listings near the address, by name and distance, and sizes the households and spending around it. Or open the report at the center of Hennepin County. Signed out, you see a blurred preview; on an account, each report is one action.
Free10 actions over 3 days, no cardSurvey estimates 2020–2024 · population estimates 2025 · official business counts 2023 · map listings September 2026 · Data credits · How we measure
What this means
The Groundwork market score for real estate businesses in Hennepin County is 25 (lower middle), #2,182 of 2,229 scored counties and #65 of 65 scored counties in Minnesota. That puts it in the bottom quarter of counties.
As of September 2026, map listings count 3,008 real estate businesses in Hennepin County. Chain locations make up 6% of them, against 6% across the U.S. That comes to 55.8 for every 10,000 households, 45% above the U.S. rate of 38.5.
Household spending on rent and homeowner costs in Hennepin County comes to about $8.6B a year: $15,993 per household, 4% below the U.S. average. Housing spending per office is 34% below the U.S. figure. That figure is all rent and homeowner costs, used as a measure of housing demand; it is not money real estate businesses take in.
In 2023, official counts showed 2,114 businesses with payroll in Hennepin County classed as real estate agents, property managers, mortgage lenders and inspectors, up 9.3% from 2019. That is one for every 255 households, against one for every 414 across the U.S. Since fiscal 2022, 30 SBA-backed loans worth $9.6M have gone to businesses classed as real estate agents, property managers, mortgage lenders and inspectors in Hennepin County. Population estimates put the population change in Hennepin County from 2020 to 2025 at +0.2%, slower than the U.S. (+3.1%).
How Hennepin County compares
The same measures for Minnesota and the whole U.S. Housing spending per listing divides all rent and homeowner costs by the listings counted: a measure of housing demand for each business, not money any of them take in, so it is shown against the U.S. (100) only. Households per establishment divides households by the official count.
| Measure | Hennepin County | Minnesota | U.S. |
|---|---|---|---|
| Listings per 10k households | 55.8 | 36.4 | 38.5 |
| Housing spending per listing (U.S. = 100) | 66 | 96 | 100 |
| Households per official establishment | 255 | 402 | 414 |
| Official establishment growth, 2019–2023 | +9.3% | +11.5% | +15.8% |
| Population growth, 2020–2025 | +0.2% | +2.1% | +3.1% |
| Spending per household on rent and homeowner costs | $15,993 | $15,162 | $16,661 |
| Median household income | $97,653 | $89,062 | $80,734 |
| Groundwork market score | 25 | 36 |
Official counts and lending
Businesses
- Official establishments, 2019 to 2023
- 1,934 → 2,114+9.3% over the period
- Employees, 2023
- 15,473
- Annual payroll, 2023
- $1.2B
- One-person businesses, 2023
- 6,062Businesses with no payroll
- Map listings, September 2026
- 3,008168 chain locations
- Listings at the U.S. rate for this spending
- 1,992The U.S. ratio of listings to household spending, applied here
SBA-backed loans since fiscal 2022
- Loans
- 30
- Amount
- $9.6M
SBA-backed loans to businesses classed as real estate agents, property managers, mortgage lenders and inspectors in Hennepin County, through June 2026, placed by the borrower’s ZIP code. Official establishments are businesses with payroll; the official counts leave out places with fewer than 3.
Population and households in Hennepin County
- Population, 2025 estimate
- 1,284,784+0.2% since 2020
- Households
- 539,493
- Median age
- 39.3
- Homes lived in by their owners
- 63%
- Vehicles per household
- 1.6
- Land area
- 554 sq. mi.
- People per square mile
- 2,291
- Median household income
- $97,653+24.9% vs. 2015–2019, before inflation
- Average household income
- $138,438
- Median home value
- $392,900
- Jobs located here
- 969,903
- Daytime population
- 1,598,583Residents who don’t work, plus everyone whose job is here
Looking at a specific site in Hennepin County?
These figures cover the whole county. A site report draws rings around one address and counts what’s inside them: households, spending, jobs, and the real estate businesses on map listings by name and distance.
Or open the report at the center of Hennepin County. Signed out, you see a blurred preview; on an account, each report is one action.
Free10 actions over 3 days, no cardReal estate across Minnesota
Every Minnesota market ranked →The highest-scoring counties in Minnesota for real estate businesses, numbered among those based in Minnesota, with Hennepin County marked.
Top counties in Minnesota
| Market | Score | Listings | Per 10k households | Housing spending per listing (U.S. = 100) | Population growth | U.S. rank |
|---|---|---|---|---|---|---|
| 1Dodge County, MN | 79 | 10 | 12.4 | 282 | +2.3% | #41 of 2,229 |
| 2Fillmore County, MN | 71 | 10 | 11.5 | 280 | +1.4% | #186 of 2,229 |
| 3Kanabec County, MN | 68 | 10 | 15.2 | 205 | +3.6% | #278 of 2,229 |
| 4Nicollet County, MN | 66 | 19 | 14.6 | 230 | −0.7% | #337 of 2,229 |
| 5Clay County, MN | 64 | 36 | 13.6 | 240 | +3.6% | #403 of 2,229 |
| 6Carlton County, MN | 64 | 20 | 14.2 | 229 | +1.4% | #407 of 2,229 |
| 7Sibley County, MN | 63 | 10 | 16.9 | 195 | +3.6% | #459 of 2,229 |
| 8Polk County, MN | 61 | 11 | 8.9 | 354 | −1.8% | #523 of 2,229 |
| 9Faribault County, MN | 61 | 8 | 13.2 | 233 | −0.1% | #531 of 2,229 |
| 10Wadena County, MN | 61 | 8 | 13.2 | 224 | +1.9% | #533 of 2,229 |
| 65Hennepin County, MN | 25 | 3,008 | 55.8 | 66 | +0.2% | #2,182 of 2,229 |
Other business types in Hennepin County
Each with its Groundwork market score here, out of 100, where it has one.
Food and drink
Groceries and convenience
Auto
Beauty and personal care
Fitness and classes
Health care
Child care
Clothing and laundry
Home services
Real estate
Funeral services
Questions
How many real estate businesses are in Hennepin County, MN?
Hennepin County has 3,008 real estate businesses on map listings as of September 2026. 168 of them (6%) are chain locations. The listings count real estate agents and brokers, property managers, mortgage brokers and lenders, and home inspectors. Official counts show 2,114 businesses with payroll classed as real estate agents, property managers, mortgage lenders and inspectors in 2023, up 9.3% from 2019. Official counts list 6,062 one-person businesses without payroll.
How much do households in Hennepin County, MN spend on rent and homeowner costs?
About $8.6B a year, or $15,993 per household. That is 4% below the U.S. average (an index of 96, where 100 is the U.S. average). For the 3,008 real estate businesses on map listings, housing spending per office is 34% below the U.S. figure. The spending figure is all rent and homeowner costs, a measure of housing demand, not money real estate businesses take in. It is estimated from the incomes of the 539,493 households in Hennepin County and national spending patterns by income.
How does Hennepin County, MN compare with the U.S. for real estate businesses?
Hennepin County has 55.8 real estate businesses per 10,000 households, 45% above the U.S. rate of 38.5. The index of housing spending per office is 66, where 100 is the U.S. At the national ratio of real estate businesses to household spending, Hennepin County would have about 1,992, against 3,008 on map listings. There is one business with payroll in the industry for every 255 households, against one for every 414 across the U.S. The official count rose 9.3% from 2019 to 2023, against +15.8% for the U.S.
How fast is Hennepin County, MN growing?
Population estimates put Hennepin County at 1,284,784 people in 2025, up 0.2% since 2020, slower than the U.S. (+3.1%). It has 539,493 households. The median household income in Hennepin County is $97,653 a year, 21% above the U.S. median of $80,734. That rose 24.9% from the 2015–2019 survey, before inflation.
What is the Groundwork market score?
The Groundwork market score runs from 0 to 100 and compares a market with others of its kind for one business type: states with states, metro areas with metro areas, small-town markets and counties with their own. It weighs household spending per competitor (35%), households per business with payroll (25%), population growth (20%) and spending power (20%), each ranked against those peers. A higher score means that, taken together, the market has more household spending and more households for each business already there, faster population growth and more spending per household than similar markets. It describes a market, not any one site or deal. Hennepin County scores 25 for real estate businesses (lower middle), #2,182 of 2,229 scored counties.
How can I see the market around a specific site?
Run a Groundwork site report on an address in Hennepin County. It maps the real estate businesses on map listings near the site and sizes the households and spending within the distance you choose. New accounts get 10 actions over 3 days, no card.
How the score works · Top markets for real estate businesses · All 56 business types in Hennepin County
Screening a site or an acquisition in Hennepin County?
A site report maps the competitors on map listings near an address and sizes the households and spending around it.
The button opens the report at the center of Hennepin County. Signed out, you see a blurred preview; on an account, each report is one action.
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are estimates for research only. Not investment or real estate advice.