Sheridan County, Montana: commercial real estate data.
Sheridan County, Montana has a population of 3,669 across 1,677 square miles, down 2.6 percent since the 2020 census base. County output reached $240.8 m in 2024, 152 establishments operate here, and the SBA record carries 2 7(a) approvals worth $475,000.
101 sourced county values · tier FULL · 11 sections
Sheridan County
How many people live in Sheridan County
- Population3,669
- Households1,476
- Average household size2.49
- Median household income$70,147
- Median age43.1
- Median gross rent$746 per month
- Median owner-occupied home value$124,000
- Home value to household income1.8 times
- Annual rent as a share of median income12.8 percent
- Adults 25 and over with a bachelor degree or higher26.2 percent
- Adults 25 and over with a graduate degree6.6 percent
- Adults 25 and over2,625
- Population under 18802
- Share under 1821.9 percent
- Population 65 and over833
- Share 65 and over22.7 percent
- Working age population, 18 to 642,034
- Civilian labor force1,848
- Unemployment rate2.1 percent
- Labor force participation, adults 18 and over64.5 percent
- Rank by population among Montana counties40th of 56
- Rank by population among US county-equivalents2989th
Sheridan County is the 40th largest of 56 Montana counties by population. A median home costs 1.8 times median household income, which is an affordable ownership market by national standards. Residents 65 and over outnumber those under 18, at 22.7 percent against 21.9 percent, which points demand at health care, services and single storey product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Sheridan County
Is Sheridan County growing
- Population change since the 2020 census base-2.65 percent
- Census 2020 base population3,542
- Births, 202434
- Deaths, 202475
- Natural change, 2024-41
- Net domestic migration, 2024-5
- Net international migration, 20243
- Total net migration, 2024-2
- Cumulative net domestic migration, 2021 to 20246
- Rank by growth among US county-equivalents2672nd
The county has lost 2.65 percent of its population since the 2020 census base.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Sheridan County
Where people moving to Sheridan County come from
- Tax returns filed by households arriving82
- People arriving, from those returns164
- Adjusted gross income arriving$5.0 m
- Net adjusted gross income movement$0
- Average income of an arriving household$61,280
- Largest single originSheridan County Non-migrants (1,409 households)
- Largest single destination (1,409 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Sheridan County Non-migrants | 1,409 | 2,785 | $99.5 m |
| Other flows - Different State | 43 | 100 | $2.3 m |
| Other flows - Same State | 39 | 64 | $2.7 m |
| Other flows - West | 23 | 73 | $1.4 m |
| Other flows - Midwest | 20 | 27 | $988,000 |
The largest single source of arrivals is Sheridan County Non-migrants, 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.
Sheridan County
What the Sheridan County economy runs on
- County GDP, 2024$240.8 m
- County GDP, 2023$206.9 m
- GDP change, 2023 to 202416.4 percent
- GDP change over five years26.1 percent
- Rank by GDP among Montana counties38th
- Rank by GDP among US county-equivalents2817th
- GDP per resident$65,638
Output grew 16.4 percent in the latest year and 26.1 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.
Sheridan County
Who employs people in Sheridan County
- Covered employment, annual average1,276
- Establishments reporting224
- Average annual pay$48,594
- Average weekly wage$935
- Sector 44-45, employment162
- Sector 44-45, average annual pay$32,604
- Sector 42, employment108
- Sector 42, average annual pay$62,140
- Sector 52, employment56
- Sector 52, average annual pay$54,869
- Sector 81, employment44
- Sector 81, average annual pay$16,274
- Sector 11, employment42
- Sector 21, employment37
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 44-45 | 162 | 20 | $32,604 |
| Sector 42 | 108 | 15 | $62,140 |
| Sector 52 | 56 | 13 | $54,869 |
| Sector 81 | 44 | 18 | $16,274 |
| Sector 11 | 42 | 20 | $68,225 |
| Sector 21 | 37 | 17 | $60,153 |
| Sector 53 | 30 | 4 | $76,325 |
| Sector 54 | 26 | 12 | $61,276 |
The largest sector is the biggest private employer group at 162 jobs, 12.7 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Sheridan County
What businesses operate in Sheridan County
- Establishments, all industries152
- Employment at those establishments832
- Annual payroll$36.9 m
- Establishments per 1,000 residents41.4
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against.
US Census Bureau, County Business Patterns, 2023.
Sheridan County
What is being built in Sheridan County
- Housing units authorised by permit, 20240
- Declared construction value permitted$0
- Single family units authorised0
- Multifamily units authorised0
No residential units were authorised by permit in 2024. In a small county this is common and is not by itself a sign of distress, but it does mean there is no recent residential pipeline to read demand from.
US Census Bureau, Building Permits Survey, 2024 annual.
Sheridan County
How much SBA lending happens in Sheridan County
- 7(a) approvals recorded2
- 7(a) gross approval dollars$475,000
- Average 7(a) approval$237,500
- Median 7(a) approval$300,000
- 10th percentile approval$175,000
- 90th percentile approval$300,000
- Largest single approval$300,000
- Jobs reported supported, 7(a)8
- Jobs per approval4.0
- Distinct 7(a) lenders active2
- Distinct industries receiving approvals2
- Median 7(a) term300 months
- Share of loans on real estate terms, 240 months or longer50.0 percent
- Loans on real estate terms1
- Loans on working capital terms, 120 months or shorter1
- Franchise loans0
- Franchise share of approvals0.0 percent
- Leading industry by approval countSolid Waste Collection (1)
- Most active lenderBank of Bridger National Association (1)
The average approval of $237,500 sits close to the median of $300,000, so lending here is fairly evenly sized rather than driven by a few large deals. 50.0 percent of approvals run on real estate terms of 240 months or more, so this is a market where SBA credit is buying buildings, not just funding operations.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Sheridan County
Do SBA loans in Sheridan County get paid back
- Loans with a final outcome recorded0
- Paid in full0
- Charged off0
- Status: Exempt from disclosure2
Too few loans have reached a final outcome to publish a charge off rate. only 0 resolved loans, too few to publish a rate. A rate computed on a handful of loans is noise, so none is shown.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Sheridan County
Which parts of Sheridan County get the lending
- Places in the county with recorded lending2
- WESTBY, approvals1
- Antelope, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| WESTBY | 1 | $175,000 |
| Antelope | 1 | $300,000 |
WESTBY accounts for 1 approvals against 1 in Antelope. 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.
Sheridan County
How big is Sheridan County
- Land area1,677 sq mi
- Rank by land area among Montana counties41st of 56
- Width, east to west46.1 mi
- Height, north to south42.2 mi
- Geographies sharing a boundary2
- Residents per square mile of land2
- Establishments per square mile0.09
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.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- No 504 approvals recorded in this county in the FOIA release covering FY2010 onward.
- No NFIP communities are listed for this county in the FEMA Community Status Book.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
Feasibility studies
When a Sheridan 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 Sheridan County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population3,669
- Households1,476
- Average household size2.49
- Median household income$70,147
- Median age43.1
Common questions
Sheridan County questions, answered from the record.
How many people live in Sheridan County, Montana?
3,669, in 1,476 households, ranking 40th of 56 Montana counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Sheridan County growing?
The population has fallen 2.65 percent since the 2020 census base. In 2024 there were 34 births against 75 deaths, with net migration of -2. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Sheridan County?
$70,147. The median owner-occupied home is valued at $124,000, which is 1.8 times income, and median gross rent is $746 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Sheridan County?
152 establishments, employing 832 people with an annual payroll of $36.9 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Sheridan County?
Average annual pay is $48,594, or $935 a week, across 1,276 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Sheridan County?
2 7(a) approvals totalling $475,000 since FY2020, across 2 lenders, with a median approval of $300,000. These are approvals recorded in the release, not loans disbursed.
What is being built in Sheridan County?
No residential units were authorised by permit in 2024. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Sheridan 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 Sheridan County come from?
The largest single origin is Sheridan County Non-migrants, with 1,409 households. Arriving households report an average income of $61,280 against null for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Sheridan 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 Sheridan County?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.