Nerstrand has four city council members and a mayor.
Geography
According to the United States Census Bureau, the city has a total area of, all of it land. The town was notorious for the nearby Nerstrand Hill, bane of the locomotive engineer, with the steepest grade on the line from St. Paul to Manly Junction, Iowa.
Throughout its history, Nerstrand has been a source of services to area farmers. A full-service grain elevator still operates today and provides over half the employment in Nerstrand. The business district declined with the advent of the automobile, with most area residents choosing to shop in Northfield, which has always been more prominent because of its two colleges, or Faribault, the county seat. As businesses left, Nerstrand became more of a bedroom community for people working in Northfield, Faribault, or Kenyon. A few nonretail businesses, including a cabinet shop and two specialty construction firms, have come to the community, occupying what would otherwise be vacant storefronts.
As of the census of 2010, there were 295 people, 108 households, and 91 families residing in the city. The population density was. There were 120 housing units at an average density of. The racial makeup of the city was 96.9% White, 0.3% Native American, 0.7% Asian, 1.7% from other races, and 0.3% from two or more races. Hispanic or Latino of any race were 3.1% of the population. There were 108 households of which 40.7% had children under the age of 18 living with them, 73.1% were married couples living together, 6.5% had a female householder with no husband present, 4.6% had a male householder with no wife present, and 15.7% were non-families. 12.0% of all households were made up of individuals and 3.7% had someone living alone who was 65 years of age or older. The average household size was 2.73 and the average family size was 2.96. The median age in the city was 37.1 years. 28.1% of residents were under the age of 18; 4.5% were between the ages of 18 and 24; 29.5% were from 25 to 44; 22.8% were from 45 to 64; and 15.3% were 65 years of age or older. The gender makeup of the city was 47.8% male and 52.2% female.
2000 census
As of the census of 2000, there were 233 people, 80 households, and 65 families residing in the city. The population density was 164.3 people per square mile. There were 82 housing units at an average density of 57.8 per square mile. There were 80 households out of which 45.0% had children under the age of 18 living with them, 72.5% were married couples living together, 7.5% had a female householder with no husband present, and 18.8% were non-families. 16.3% of all households were made up of individuals and 10.0% had someone living alone who was 65 years of age or older. The average household size was 2.91 and the average family size was 3.26. In the city, the population was spread out with 33.9% under the age of 18, 4.3% from 18 to 24, 33.9% from 25 to 44, 15.0% from 45 to 64, and 12.9% who were 65 years of age or older. The median age was 33 years. For every 100 females, there were 91.0 males. For every 100 females age 18 and over, there were 90.1 males. The median income for a household in the city was $41,500, and the median income for a family was $50,156. Males had a median income of $32,500 versus $23,333 for females. The per capita income for the city was $15,362. None of the families and 0.4% of the population were living below the poverty line.
Notable natives
, usually characterized as an economist or sociologist, and best known for his book The Theory of the Leisure Class, lived about a mile northeast of town. His house and farm, the Thorstein Veblen Farmstead, contained several innovations, including what is believed to be the first bucket elevator installed on a farm in Rice County. The Thorstein Veblen Farmstead was renovated in 1994 as a historic site and is occasionally open to the public. As of September 2016 it is a flower farm.