Foreclosures in Minnesota increased in 2009 over the prior year. There was a total of 31,697 properties with foreclosure filings. That works out to a rate of one filing for every 73 households, which compares to the United States average of 45, and is a little more than one percent of the state's housing units.
Minnesota is the 21st largest U.S. state by population, with 5,220,393 people (in 2008). Its 86,943 square miles make it the 12th largest state by area. Median household income in 2008 was $57,288.
Minnesota is a significant agriculture state, ranking sixth biggest in the country in value produced. It rates high in production of beets, corn, peas, and lumber—including paper products. The state is no longer a major mining power, but strong corporate growth has made up for losses in this area. General Mills, 3M, Hormel, Target, Best Buy and United Health Group are all headquartered Minnesota.
