Ravalli County, Montana: commercial real estate data.
Ravalli County, Montana had an estimated 48,187 residents on July 1, 2024, up 9.1 percent since the 2020 census base of 44,173, across 2,391 square miles. County output reached $1.93 bn in 2024, 1,715 establishments operate here, and the SBA record carries 45 7(a) approvals worth $23.2 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Ravalli County
How many people live in Ravalli County
- Population, American Community Survey 2020-202446,727
- Households18,661
- Average household size2.50
- Median household income$71,283
- Median age48.7
- Median gross rent$1,054 per month
- Median owner-occupied home value$476,600
- Home value to household income6.7 times
- Annual rent as a share of median income17.7 percent
- Adults 25 and over with a bachelor degree or higher28.7 percent
- Adults 25 and over with a graduate degree10.9 percent
- Adults 25 and over35,301
- Population under 188,703
- Share under 1818.6 percent
- Population 65 and over12,622
- Share 65 and over27.0 percent
- Working age population, 18 to 6425,402
- Civilian labor force21,543
- Unemployment rate3.2 percent
- Labor force participation, adults 18 and over56.7 percent
- Rank by population among Montana counties7th of 56
- Rank by population among US county-equivalents, Puerto Rico included1064th of 3,222
Ravalli County is the 7th largest of 56 Montana counties by population. A median home costs 6.7 times median household income, which is severely unaffordable by national standards. Residents 65 and over outnumber those under 18, at 27.0 percent against 18.6 percent, which points demand at health care, services and single story product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Ravalli County
Is Ravalli County's population growing?
- Population, July 1, 202448,187
- Census 2020 base population44,173
- Population change since the 2020 census base9.09 percent
- Population change, 2023 to 2024427
- Births, 2024395
- Deaths, 2024505
- Natural change, 2024-110
- Net domestic migration, 2024515
- Net international migration, 202425
- Total net migration, 2024540
- Cumulative net domestic migration, 2021 to 20244,447
- Rank by growth among US county-equivalents180th of 3,144
The county has grown 9.09 percent since the 2020 census base. Deaths exceeded births in 2024 and the population still grew, so all of the growth came from people moving in. A market held up by migration 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.
Ravalli County
Where are people moving to Ravalli County from?
- Tax returns filed by households arriving1,709
- People arriving, from those returns3,203
- Tax returns filed by households leaving1,274
- Net household movement435
- Adjusted gross income arriving$186.6 m
- Net adjusted gross income movement$97.6 m
- Average income of an arriving household$109,170
- Average income of a leaving household$69,858
- Largest single originMissoula County (359 households)
- Largest single destinationMissoula County (258 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Missoula County | 359 | 643 | $30.7 m |
| Gallatin County | 39 | 58 | $2.4 m |
| King County | 34 | 71 | $5.4 m |
| Pierce County | 32 | 87 | $3.0 m |
| Lewis and Clark County | 30 | 52 | $2.1 m |
| Maricopa County | 28 | 48 | $3.0 m |
| Snohomish County | 28 | 58 | $3.3 m |
| San Diego County | 26 | 48 | $3.8 m |
Households arriving report $39,312 more average income than households leaving, so the migration is raising local spending power rather than just moving it around. The largest single source of arrivals is Missoula County, 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.
Ravalli County
What is the Ravalli County economy?
- County GDP, 2024$1.93 bn
- County GDP, 2023$1.79 bn
- GDP change, 2023 to 20247.3 percent
- GDP change over five years50.4 percent
- Rank by GDP among the Montana areas BEA publishes8th of 56
- Rank by GDP among the US county areas BEA publishes1314th of 3,127
- GDP per resident$41,213
Output grew 7.3 percent in the latest year and 50.4 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.
Ravalli County
Employment by industry in Ravalli County
- Covered employment, annual average13,757
- Establishments reporting2,394
- Average annual pay$52,992
- Average weekly wage$1,019
- Health care and social assistance, employment2,003
- Health care and social assistance, average annual pay$60,837
- Retail trade, employment1,685
- Retail trade, average annual pay$34,361
- Accommodation and food services, employment1,233
- Accommodation and food services, average annual pay$24,059
- Construction, employment1,227
- Construction, average annual pay$54,040
- Administrative and support and waste management services, employment981
- Professional, scientific and technical services, employment961
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Health care and social assistance | 2,003 | 200 | $60,837 |
| Retail trade | 1,685 | 157 | $34,361 |
| Accommodation and food services | 1,233 | 104 | $24,059 |
| Construction | 1,227 | 446 | $54,040 |
| Administrative and support and waste management services | 981 | 136 | $43,444 |
| Professional, scientific and technical services | 961 | 347 | $90,574 |
| Manufacturing | 842 | 118 | $49,041 |
| Other services, except public administration | 559 | 175 | $35,808 |
Health care and social assistance is the largest private sector at 2,003 jobs, 14.6 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Ravalli County
How many businesses are in Ravalli County?
- Establishments, all industries1,715
- Employment at those establishments11,260
- Annual payroll$496.4 m
- Establishments per 1,000 residents36.7
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Ravalli County
Building permits in Ravalli County
- Housing units authorized by permit, 202429
- Declared construction value permitted$6.2 m
- Single family units authorized11
- Multifamily units authorized18
- Multifamily share of units62.1 percent
- Average declared value per unit$214,732
- Units authorized per 1,000 households1.6
Multifamily is 62.1 percent of units authorized, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Ravalli County
SBA loans in Ravalli County (7(a) and 504)
- 7(a) approvals recorded45
- 7(a) gross approval dollars$23.2 m
- Average 7(a) approval$516,240
- Median 7(a) approval$180,000
- 10th percentile approval$12,000
- 90th percentile approval$1,276,000
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)284
- Jobs per approval6.3
- Distinct 7(a) lenders active21
- Distinct industries receiving approvals37
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer17.8 percent
- Loans on real estate terms8
- Loans on working capital terms, 120 months or shorter35
- Franchise loans6
- Franchise share of approvals13.3 percent
- Leading industry by approval countLimited-Service Restaurants (3)
- Most active lenderU.S. Bank, National Association (6)
- 504 approvals recorded11
- 504 gross approval dollars$4.0 m
- Average 504 approval$367,455
- Median 504 approval$374,000
- Distinct CDCs active2
- 504 jobs per approval6.4
- 504 jobs per million dollars approved17.3
- Most active CDCBig Sky Economic Development Corporation (7)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$27.3 m
The average approval of $516,240 sits well above the median of $180,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. Only 17.8 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.
Ravalli County
SBA loan default and charge-off rates in Ravalli County
Do SBA loans in Ravalli County get paid back?
- Loans with a final outcome recorded5
- Paid in full5
- Charged off0
- Status: Paid in full5
- Status: Exempt from disclosure31
- Status: Cancelled7
- Status: Committed, not yet disbursed2
Only 5 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Ravalli County
SBA lending by place in Ravalli County
- Borrower cities with recorded lending7
- Hamilton, approvals17
- Stevensville, approvals11
- Corvallis, approvals7
- Florence, approvals5
- Victor, approvals2
- Pinesdale, approvals2
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Hamilton | 17 | $12,913,100 |
| Stevensville | 11 | $2,621,000 |
| Corvallis | 7 | $3,115,600 |
| Florence | 5 | $1,535,000 |
| Victor | 2 | $1,521,100 |
| Pinesdale | 2 | $1,475,000 |
| Darby | 1 | $50,000 |
Hamilton accounts for 17 approvals against 11 in Stevensville. 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.
Ravalli County
How large is Ravalli County?
- Land area2,391 sq mi
- Rank by land area among Montana counties27th of 56
- Width, east to west50.5 mi
- Height, north to south82.3 mi
- Geographies sharing a boundary6
- Residents per square mile of land20
- Establishments per square mile0.72
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.
Ravalli County
Flood risk in Ravalli County
- Participation of the county's own NFIP community Ravalli County, unincorporated areasParticipating, community 300061
- Communities in the county in the NFIP Community Status Book4
- Of those, participating in the NFIP4
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Ravalli County, EPA zone predicted average indoor radon screening level greater than 4 pCi/LZone 1
The county's own community in the status book, unincorporated Ravalli County (community 300061), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Ravalli County in radon zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. 100.0 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Feasibility studies
When a Ravalli 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 Ravalli County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202446,727
- Households18,661
- Average household size2.50
- Median household income$71,283
- Median age48.7
Common questions
Ravalli County questions, answered from the record.
How many people live in Ravalli County, Montana?
The Census Bureau estimates 48,187 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 46,727, in 18,661 households, ranking 7th of 56 Montana counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Ravalli County's population growing?
The population has grown 9.09 percent since the 2020 census base of 44,173, to 48,187 on July 1, 2024. In 2024 there were 395 births against 505 deaths, with net migration of 540. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Ravalli County?
$71,283. The median owner-occupied home is valued at $476,600, which is 6.7 times income, and median gross rent is $1,054 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Ravalli County?
1,715 establishments, employing 11,260 people with an annual payroll of $496.4 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in Ravalli County?
Health care and social assistance is the largest private sector at 2,003 jobs, 14.6 percent of covered employment. Covered employment averages 13,757 jobs at an average annual pay of $52,992, or $1,019 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Ravalli County?
45 7(a) approvals totaling $23.2 m since FY2020, across 21 lenders, with a median approval of $180,000, plus 11 504 approvals worth $4.0 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Ravalli County?
29 housing units were authorized by permit in 2024, with a declared construction value of $6.2 m. Multifamily was 62.1 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Ravalli 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 Ravalli County come from?
The largest single origin is Missoula County, with 359 households. Arriving households report an average income of $109,170 against $69,858 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Ravalli 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 Ravalli County?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Ravalli County
Cities and places in Ravalli.
10 Census places lie wholly or partly in Ravalli County. All 10 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Hamilton | city | 5,101 | 17 | Wholly in this county |
| Stevensville | town | 2,130 | 11 | Wholly in this county |
| Corvallis | CDP | 1,227 | 7 | Wholly in this county |
| Florence | CDP | 923 | 5 | Wholly in this county |
| Victor | CDP | 867 | 2 | Wholly in this county |
| Pinesdale | town | 833 | 2 | Wholly in this county |
| Darby | town | 527 | 1 | Wholly in this county |
| Charlos Heights | CDP | 163 | None recorded | Wholly in this county |
| Conner | CDP | 147 | None recorded | Wholly in this county |
| Sula | CDP | 9 | None recorded | Wholly in this county |
Nearby