Sholes was established in 1886 when the railroad was extended to that point. It was named for Lyman Sholes, a railroad official. A post office was established at Sholes in 1902, and remained in operation until it was discontinued in 1965.
As of the census of 2010, there were 21 people, 9 households, and 8 families residing in the village. The population density was. There were 11 housing units at an average density of. The racial makeup of the village was 100.0% White. There were 9 households of which 22.2% had children under the age of 18 living with them, 88.9% were married couplesliving together, and 11.1% were non-families. 11.1% of all households were made up of individuals and 11.1% had someone living alone who was 65 years of age or older. The average household size was 2.33 and the average family size was 2.50. The median age in the village was 51.2 years. 19% of residents were under the age of 18; 0.0% were between the ages of 18 and 24; 19.1% were from 25 to 44; 33.3% were from 45 to 64; and 28.6% were 65 years of age or older. The gender makeup of the village was 57.1% male and 42.9% female.
2000 census
As of the census of 2000, there were 24 people, 12 households, and 8 families residing in the village. The population density was 177.8 people per square mile. There were 12 housing units at an average density of 88.9 per square mile. The racial makeup of the village was 100.00% White. There were 12 households out of which 33.3% had children under the age of 18 living with them, 66.7% were married couples living together, and 33.3% were non-families. 33.3% of all households were made up of individuals and 8.3% had someone living alone who was 65 years of age or older. The average household size was 2.00 and the average family size was 2.50. In the village, the population was spread out with 16.7% under the age of 18, 8.3% from 18 to 24, 45.8% from 25 to 44, 16.7% from 45 to 64, and 12.5% who were 65 years of age or older. The median age was 36 years. For every 100 females, there were 140.0 males. For every 100 females age 18 and over, there were 122.2 males. As of 2000 the median income for a household in the village was $28,750, and the median income for a family was $36,250. Males had a median income of $22,500 versus $18,750 for females. The per capita income for the village was $23,432. None of the population and none of the families were below the poverty line.
