Rutland County, Vermont: commercial real estate data.
Rutland County, Vermont has a population of 60,425 across 930 square miles, down 0.6 percent since the 2020 census base. County output reached $3.79 bn in 2024, 1,945 establishments operate here, and the SBA record carries 107 7(a) approvals worth $24.7 m.
123 sourced county values · tier FULL · 11 sections
Rutland County
How many people live in Rutland County
- Population60,425
- Households25,321
- Average household size2.39
- Median household income$68,616
- Median age47.7
- Median gross rent$1,000 per month
- Median owner-occupied home value$229,400
- Home value to household income3.3 times
- Annual rent as a share of median income17.5 percent
- Adults 25 and over with a bachelor degree or higher35.3 percent
- Adults 25 and over with a graduate degree14.1 percent
- Adults 25 and over45,098
- Population under 1810,508
- Share under 1817.4 percent
- Population 65 and over14,933
- Share 65 and over24.7 percent
- Working age population, 18 to 6434,984
- Civilian labor force29,790
- Unemployment rate4.1 percent
- Labor force participation, adults 18 and over59.7 percent
- Rank by population among Vermont counties2nd of 14
- Rank by population among US county-equivalents890th
Rutland County is the 2nd largest of 14 Vermont counties by population. A median home costs 3.3 times median household income, which is an affordable ownership market by national standards. Residents 65 and over outnumber those under 18, at 24.7 percent against 17.4 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.
Rutland County
Is Rutland County growing
- Population change since the 2020 census base-0.58 percent
- Census 2020 base population60,552
- Births, 2024475
- Deaths, 2024770
- Natural change, 2024-295
- Net domestic migration, 202489
- Net international migration, 202439
- Total net migration, 2024128
- Cumulative net domestic migration, 2021 to 2024885
- Rank by growth among US county-equivalents2047th
The county has lost 0.58 percent of its population since the 2020 census base. Deaths exceeded births in 2024, so all of the growth came from people moving in. A market held up by migration alone is more sensitive to a change in relative cost than one growing from household formation.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Rutland County
Where people moving to Rutland County come from
- Tax returns filed by households arriving1,326
- People arriving, from those returns2,094
- Adjusted gross income arriving$100.9 m
- Net adjusted gross income movement$0
- Average income of an arriving household$76,080
- Largest single originRutland County Non-migrants (26,119 households)
- Largest single destination (26,119 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Rutland County Non-migrants | 26,119 | 46,880 | $1.85 bn |
| Other flows - Different State | 833 | 1,324 | $76.0 m |
| Other flows - Northeast | 452 | 671 | $46.3 m |
| Other flows - South | 204 | 362 | $16.7 m |
| Other flows - West | 124 | 210 | $9.0 m |
| Addison County | 87 | 136 | $3.4 m |
| Windsor County | 85 | 139 | $3.9 m |
| Bennington County | 64 | 111 | $4.8 m |
The largest single source of arrivals is Rutland 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.
Rutland County
What the Rutland County economy runs on
- County GDP, 2024$3.79 bn
- County GDP, 2023$3.56 bn
- GDP change, 2023 to 20246.4 percent
- GDP change over five years40.1 percent
- Rank by GDP among Vermont counties3rd
- Rank by GDP among US county-equivalents849th
- GDP per resident$62,674
Output grew 6.4 percent in the latest year and 40.1 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.
Rutland County
Who employs people in Rutland County
- Covered employment, annual average25,313
- Establishments reporting2,662
- Average annual pay$58,753
- Average weekly wage$1,130
- Sector 62, employment4,212
- Sector 62, average annual pay$68,928
- Sector 44-45, employment3,458
- Sector 44-45, average annual pay$40,960
- Sector 72, employment3,244
- Sector 72, average annual pay$30,427
- Sector 31-33, employment2,555
- Sector 31-33, average annual pay$72,860
- Sector 23, employment1,488
- Sector 56, employment1,075
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 62 | 4,212 | 196 | $68,928 |
| Sector 44-45 | 3,458 | 309 | $40,960 |
| Sector 72 | 3,244 | 199 | $30,427 |
| Sector 31-33 | 2,555 | 107 | $72,860 |
| Sector 23 | 1,488 | 300 | $63,365 |
| Sector 56 | 1,075 | 254 | $53,869 |
| Sector 54 | 861 | 418 | $100,295 |
| Sector 42 | 766 | 130 | $70,454 |
The largest sector is the biggest private employer group at 4,212 jobs, 16.6 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.
Rutland County
What businesses operate in Rutland County
- Establishments, all industries1,945
- Employment at those establishments22,482
- Annual payroll$1.12 bn
- Establishments per 1,000 residents32.2
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.
Rutland County
What is being built in Rutland County
- Housing units authorised by permit, 2024135
- Declared construction value permitted$33.8 m
- Single family units authorised89
- Multifamily units authorised46
- Multifamily share of units34.1 percent
- Average declared value per unit$250,211
- Units authorised per 1,000 households5.3
Multifamily is 34.1 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Rutland County
How much SBA lending happens in Rutland County
- 7(a) approvals recorded107
- 7(a) gross approval dollars$24.7 m
- Average 7(a) approval$230,969
- Median 7(a) approval$50,000
- 10th percentile approval$15,000
- 90th percentile approval$441,000
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)541
- Jobs per approval5.1
- Distinct 7(a) lenders active22
- Distinct industries receiving approvals61
- Median 7(a) term84 months
- Share of loans on real estate terms, 240 months or longer13.1 percent
- Loans on real estate terms14
- Loans on working capital terms, 120 months or shorter90
- Franchise loans5
- Franchise share of approvals4.7 percent
- Leading industry by approval countFull-Service Restaurants (8)
- Most active lenderHeritage Family FCU (44)
- 504 approvals recorded16
- 504 gross approval dollars$9.6 m
- Average 504 approval$596,938
- Median 504 approval$242,000
- Distinct CDCs active3
- 504 jobs per approval4.7
- 504 jobs per million dollars approved7.9
- Most active CDCGranite State Economic Development Corporation (14)
- 7(a) share of SBA approvals87.0 percent
- Combined SBA approval dollars$34.3 m
The average approval of $230,969 sits well above the median of $50,000, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually gets. Only 13.1 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Rutland County
Do SBA loans in Rutland County get paid back
- Loans with a final outcome recorded22
- Paid in full18
- Charged off4
- Charge off rate on resolved loans18.2 percent
- Status: Charged off4
- Status: Exempt from disclosure67
- Status: Cancelled14
- Status: Paid in full18
- Status: Committed, not yet disbursed4
Of the 22 loans that have reached a final outcome, 18.2 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Rutland County
Which parts of Rutland County get the lending
- Places in the county with recorded lending21
- Rutland, approvals39
- Brandon, approvals12
- Castleton, approvals8
- Fair Haven, approvals7
- Wallingford, approvals7
- Killington, approvals7
| Place | Approvals | Gross approval dollars |
|---|---|---|
| Rutland | 39 | $10,322,000 |
| Brandon | 12 | $875,500 |
| Castleton | 8 | $733,800 |
| Fair Haven | 7 | $1,215,000 |
| Wallingford | 7 | $1,002,600 |
| Killington | 7 | $1,380,000 |
| WEST RUTLAND | 4 | $60,000 |
| West Pawlet | 3 | $112,000 |
Rutland accounts for 39 approvals against 12 in Brandon. 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.
Rutland County
How big is Rutland County
- Land area930 sq mi
- Rank by land area among Vermont counties2nd of 14
- Width, east to west36.6 mi
- Height, north to south38.5 mi
- Geographies sharing a boundary3
- Residents per square mile of land65
- Establishments per square mile2.09
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 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 Rutland 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 Rutland County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population60,425
- Households25,321
- Average household size2.39
- Median household income$68,616
- Median age47.7
Common questions
Rutland County questions, answered from the record.
How many people live in Rutland County, Vermont?
60,425, in 25,321 households, ranking 2nd of 14 Vermont counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Rutland County growing?
The population has fallen 0.58 percent since the 2020 census base. In 2024 there were 475 births against 770 deaths, with net migration of 128. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Rutland County?
$68,616. The median owner-occupied home is valued at $229,400, which is 3.3 times income, and median gross rent is $1,000 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Rutland County?
1,945 establishments, employing 22,482 people with an annual payroll of $1.12 bn. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Rutland County?
Average annual pay is $58,753, or $1,130 a week, across 25,313 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Rutland County?
107 7(a) approvals totalling $24.7 m since FY2020, across 22 lenders, with a median approval of $50,000, plus 16 504 approvals worth $9.6 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Rutland County get paid back?
Of the 22 loans that have reached a final outcome, 18 were paid in full and 4 charged off, a charge off rate of 18.2 percent. Loans still running are excluded, because they have not yet succeeded or failed.
What is being built in Rutland County?
135 housing units were authorised by permit in 2024, with a declared construction value of $33.8 m. Multifamily was 34.1 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Rutland County?
Zone 2, a predicted average indoor radon screening level from 2 to 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 Rutland County come from?
The largest single origin is Rutland County Non-migrants, with 26,119 households. Arriving households report an average income of $76,080 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 Rutland 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 Rutland 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.