Real estate · County · Minnesota
Real estate businesses in Lake of the Woods County, MN
The real estate businesses in Lake of the Woods County, MN, the household spending behind them and how the market ranks against other counties.
Groundwork market score
Not scored
Counties under 10,000 people aren’t scored, since a few businesses can swing their figures.
- Listings
- 5
- 0 chain locations (0%)
- Official establishments
- 3
- Businesses with payroll, 2023
- Household spending a year
- $26M
- On rent and homeowner costs · $14,282 a household
- Housing spending per listing (U.S. = 100)
- 120
- 20% above the U.S.
- Listings per 10k households
- 27.5
- 29% below the U.S.
- Population, 2025
- 3,770
- 0.0% since 2020
See the real estate businesses around any address in Lake of the Woods 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 Lake of the Woods 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
Map listings as of September 2026 show 5 real estate businesses in Lake of the Woods County. None of them are chain locations, against 6% across the U.S. That comes to 27.5 for every 10,000 households, 29% below the U.S. rate of 38.5.
At $14,282 per household (14% below the U.S. average), households in Lake of the Woods County spend about $26M a year on rent and homeowner costs. Housing spending per office is 20% above 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.
Official counts show 3 businesses with payroll classed as real estate agents, property managers, mortgage lenders and inspectors in Lake of the Woods County in 2023. That is one for every 606 households, against one for every 414 across the U.S. Official counts also show 18 one-person businesses without payroll.
Population estimates put the population change in Lake of the Woods County from 2020 to 2025 at 0.0%, against +3.1% for the U.S. Counties under 10,000 people aren’t given a market score, since a few businesses can swing their figures.
How Lake of the Woods 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 | Lake of the Woods County | Minnesota | U.S. |
|---|---|---|---|
| Listings per 10k households | 27.5 | 36.4 | 38.5 |
| Housing spending per listing (U.S. = 100) | 120 | 96 | 100 |
| Households per official establishment | 606 | 402 | 414 |
| Official establishment growth, 2019–2023 | n/a | +11.5% | +15.8% |
| Population growth, 2020–2025 | 0.0% | +2.1% | +3.1% |
| Spending per household on rent and homeowner costs | $14,282 | $15,162 | $16,661 |
| Median household income | $77,546 | $89,062 | $80,734 |
| Groundwork market score | Not scored | 36 |
Official counts and lending
Businesses
- Official establishments, 2019 to 2023
- 3 → 3
- Employees, 2023
- 4
- Annual payroll, 2023
- $124K
- One-person businesses, 2023
- 18Businesses with no payroll
- Map listings, September 2026
- 50 chain locations
- Listings at the U.S. rate for this spending
- 6The U.S. ratio of listings to household spending, applied here
SBA-backed loans since fiscal 2022
- Loans
- 0
- Amount
- $0
SBA-backed loans to businesses classed as real estate agents, property managers, mortgage lenders and inspectors in Lake of the Woods 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 Lake of the Woods County
- Population, 2025 estimate
- 3,7700.0% since 2020
- Households
- 1,817
- Median age
- 46.7
- Homes lived in by their owners
- 82%
- Vehicles per household
- 2.1
- Land area
- 1,298 sq. mi.
- People per square mile
- 3
- Median household income
- $77,546
- Average household income
- $93,772
- Median home value
- $216,100
- Jobs located here
- 1,510
- Daytime population
- 3,397Residents who don’t work, plus everyone whose job is here
Looking at a specific site in Lake of the Woods 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 Lake of the Woods 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 Lake of the Woods 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 |
| Lake of the Woods County, MN | Not scored | 5 | 27.5 | 120 | 0.0% |
Other business types in Lake of the Woods County
None has a Groundwork market score here. Counties under 10,000 people aren’t scored, since a few businesses can swing their figures.
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 Lake of the Woods County, MN?
There are 5 real estate businesses on map listings in Lake of the Woods County as of September 2026. None of them are chain locations. The listings count real estate agents and brokers, property managers, mortgage brokers and lenders, and home inspectors. Official counts show 3 businesses with payroll classed as real estate agents, property managers, mortgage lenders and inspectors in 2023. Another 18 one-person businesses have no payroll, by official counts.
How much do households in Lake of the Woods County, MN spend on rent and homeowner costs?
About $26M a year, or $14,282 per household. That is 14% below the U.S. average (an index of 86, where 100 is the U.S. average). For the 5 real estate businesses on map listings, housing spending per office is 20% above 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 1,817 households in Lake of the Woods County and national spending patterns by income.
How does Lake of the Woods County, MN compare with the U.S. for real estate businesses?
Lake of the Woods County has 27.5 real estate businesses per 10,000 households, 29% below the U.S. rate of 38.5. The index of housing spending per office is 120, where 100 is the U.S. At the national ratio of real estate businesses to household spending, Lake of the Woods County would have about 6, against 5 on map listings. There is one business with payroll in the industry for every 606 households, against one for every 414 across the U.S.
How fast is Lake of the Woods County, MN growing?
Population estimates put Lake of the Woods County at 3,770 people in 2025, unchanged since 2020, against +3.1% for the U.S. It has 1,817 households. The median household income in Lake of the Woods County is $77,546 a year, 4% below the U.S. median of $80,734.
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. The score leaves out counties under 10,000 people, where a handful of businesses would swing it.
How can I see the market around a specific site?
Run a Groundwork site report on an address in Lake of the Woods 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 Lake of the Woods County
Screening a site or an acquisition in Lake of the Woods 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 Lake of the Woods 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.