Rutland County, Vermont: commercial real estate data.
Rutland County, Vermont had an estimated 60,198 residents on July 1, 2024, down 0.6 percent since the 2020 census base of 60,552, across 930 square miles. 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 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Rutland County
How many people live in Rutland County
- Population, American Community Survey 2020-202460,425
- 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-equivalents, Puerto Rico included890th of 3,222
Rutland County is the 2nd largest of 14 Vermont counties by population. A median home costs 3.3 times median household income, which is moderately unaffordable 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 story product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Rutland County
Is Rutland County's population growing?
- Population, July 1, 202460,198
- Census 2020 base population60,552
- Population change since the 2020 census base-0.58 percent
- Population change, 2023 to 2024-171
- 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 of 3,144
The county has lost 0.58 percent of its population since the 2020 census base. Deaths exceeded births in 2024 by more than net migration added, so the population fell even though more people moved in than left.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Rutland County
Where are people moving to Rutland County from?
- Tax returns filed by households arriving1,326
- People arriving, from those returns2,094
- Tax returns filed by households leaving1,323
- Net household movement3
- Adjusted gross income arriving$100.9 m
- Net adjusted gross income movement$14.2 m
- Average income of an arriving household$76,080
- Average income of a leaving household$65,510
- Largest single originAddison County (87 households)
- Largest single destinationAddison County (91 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Addison County | 87 | 136 | $3.4 m |
| Windsor County | 85 | 139 | $3.9 m |
| Bennington County | 64 | 111 | $4.8 m |
| Chittenden County | 64 | 91 | $3.5 m |
| Washington County | 55 | 86 | $2.0 m |
| Middlesex County | 28 | 40 | $2.5 m |
| Washington County | 23 | 31 | $1.1 m |
| Windham County | 23 | 48 | $1.4 m |
Households arriving report $10,570 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 Addison 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.
Rutland County
What is the Rutland County economy?
- 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 the Vermont areas BEA publishes3rd of 14
- Rank by GDP among the US county areas BEA publishes849th of 3,127
- 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
Employment by industry in Rutland County
- Covered employment, annual average25,313
- Establishments reporting2,662
- Average annual pay$58,753
- Average weekly wage$1,130
- Health care and social assistance, employment4,212
- Health care and social assistance, average annual pay$68,928
- Retail trade, employment3,458
- Retail trade, average annual pay$40,960
- Accommodation and food services, employment3,244
- Accommodation and food services, average annual pay$30,427
- Manufacturing, employment2,555
- Manufacturing, average annual pay$72,860
- Construction, employment1,488
- Administrative and support and waste management services, employment1,075
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Health care and social assistance | 4,212 | 196 | $68,928 |
| Retail trade | 3,458 | 309 | $40,960 |
| Accommodation and food services | 3,244 | 199 | $30,427 |
| Manufacturing | 2,555 | 107 | $72,860 |
| Construction | 1,488 | 300 | $63,365 |
| Administrative and support and waste management services | 1,075 | 254 | $53,869 |
| Professional, scientific and technical services | 861 | 418 | $100,295 |
| Wholesale trade | 766 | 130 | $70,454 |
Health care and social assistance is the largest private sector at 4,212 jobs, 16.6 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Rutland County
How many businesses are 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. 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.
Rutland County
Building permits in Rutland County
- Housing units authorized by permit, 2024135
- Declared construction value permitted$33.8 m
- Single family units authorized89
- Multifamily units authorized46
- Multifamily share of units34.1 percent
- Average declared value per unit$250,211
- Units authorized per 1,000 households5.3
Single-family homes are 65.9 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Rutland County
SBA loans in Rutland County (7(a) and 504)
- 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$390,600
- 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$232,000
- Distinct CDCs active3
- 504 jobs per approval4.7
- 504 jobs per million dollars approved7.9
- Most active CDCGranite State Economic Development Corporation (14)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$34.3 m
The average approval of $230,969 sits well above the median of $50,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here 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
SBA loan default and charge-off rates in Rutland County
Do SBA loans in Rutland County get paid back?
- Loans with a final outcome recorded22
- Paid in full18
- Charged off4
- Status: Charged off4
- Status: Exempt from disclosure67
- Status: Cancelled14
- Status: Paid in full18
- Status: Committed, not yet disbursed4
Only 22 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.
Rutland County
SBA lending by place in Rutland County
- Borrower cities with recorded lending21
- Rutland, approvals39
- Brandon, approvals12
- Castleton, approvals8
- Killington Village, approvals7
- Fair Haven, approvals7
- Wallingford, approvals7
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Rutland | 39 | $10,322,000 |
| Brandon | 12 | $875,500 |
| Castleton | 8 | $733,800 |
| Killington Village | 7 | $1,380,000 |
| Fair Haven | 7 | $1,215,000 |
| Wallingford | 7 | $1,002,600 |
| West Rutland | 4 | $60,000 |
| Poultney | 3 | $575,900 |
| 13 other borrower cities | 20 | $8,548,900 |
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 large 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 boundary4
- 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.
Rutland County
Flood risk in Rutland County
- Communities in the county in the NFIP Community Status Book28
- Of those, participating in the NFIP27
- NFIP participation rate96.4 percent
- Communities carrying a CRS class0
- Radon levels in Rutland County, EPA zone predicted average indoor radon screening level from 2 to 4 pCi/LZone 2
The EPA places Rutland County in radon zone 2, a predicted average indoor radon screening level from 2 to 4 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. 96.4 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 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.
- Population, American Community Survey 2020-202460,425
- 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?
The Census Bureau estimates 60,198 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 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's population growing?
The population has fallen 0.58 percent since the 2020 census base of 60,552, to 60,198 on July 1, 2024. 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 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 employment by industry in Rutland County?
Health care and social assistance is the largest private sector at 4,212 jobs, 16.6 percent of covered employment. Covered employment averages 25,313 jobs at an average annual pay of $58,753, or $1,130 a week. 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 totaling $24.7 m since FY2020, across 22 lenders, with a median approval of $50,000, plus 16 504 approvals worth $9.6 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Rutland County?
135 housing units were authorized 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 Addison County, with 87 households. Arriving households report an average income of $76,080 against $65,510 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?
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.
Rutland County
Cities and places in Rutland.
20 Census places lie wholly or partly in Rutland County. All 20 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 |
|---|---|---|---|---|
| Rutland | city | 15,712 | 39 | Wholly in this county |
| Fair Haven | CDP | 2,537 | 7 | Wholly in this county |
| West Rutland | CDP | 2,125 | 4 | Wholly in this county |
| Brandon | CDP | 1,927 | 12 | Wholly in this county |
| Proctor | CDP | 1,586 | None recorded | Wholly in this county |
| Castleton | CDP | 1,052 | 8 | Wholly in this county |
| Poultney | village | 1,033 | 3 | Wholly in this county |
| Pittsford | CDP | 891 | None recorded | Wholly in this county |
| Castleton Four Corners | CDP | 732 | None recorded | Wholly in this county |
| Wallingford | CDP | 643 | 7 | Wholly in this county |
| Killington Village | CDP | 506 | 7 | Wholly in this county |
| West Pawlet | CDP | 368 | 3 | Wholly in this county |
| Pawlet | CDP | 330 | None recorded | Wholly in this county |
| Wells | CDP | 308 | 2 | Wholly in this county |
| North Clarendon | CDP | 297 | 2 | Wholly in this county |
| Benson | CDP | 193 | 1 | Wholly in this county |
| Middletown Springs | CDP | 181 | None recorded | Wholly in this county |
| East Poultney | CDP | 176 | None recorded | Wholly in this county |
| Danby | CDP | 172 | 3 | Wholly in this county |
| Chittenden | CDP | 93 | 1 | Wholly in this county |
A further 8 of the county's 107 SBA 7(a) approvals are to borrowers in cities that match no Census place in Rutland County, the largest being Pittsfield (2), Mount Holly (1), Clarendon (1). Those are postal cities, unincorporated areas and cities outside the county, so no place row claims them; they are counted in the county total above.
Nearby