Butte, MT

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Butte short-term rental market based on reliable data.

Listings

158 / 352

Reliable / Active

Cap Rate

7%

Middle-Earners Gross Yield

Revenue

$19,092

Middle-Earners Revenue

Occupancy

53%

Middle-Earners Occupancy

Home Value

$289,046

Median Home Sale Price

Top Earners

$40,147

Top-Earners Revenue

Butte

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Butte.

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C

Challenging to Investors

Butte Regulations

STRs are explicitly allowed but require multiple approvals including a special use permit, business license, health inspections, and a public hearing process that considers community input. The 45-day potential timeline and ability for community members to challenge approvals create uncertainty, while the multi-departmental approval process adds complexity despite moderate fees.

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About Butte

Butte, Montana sits in the southwestern part of the state, in Silver Bow County, with a population of approximately 34,000 residents. Long nicknamed "The Richest Hill on Earth" for the extraordinary copper deposits extracted from the surrounding hills, the city carries the layered character of a former mining boomtown whose fortunes are still visible in its ornate Victorian-era architecture, surviving headframes, and a downtown listed on the National Register of Historic Places. Butte functions as a natural base for travelers exploring southwest Montana's outdoor landscapes and historical sites, and it sits at the junction of Interstates 15 and 90, roughly 70 miles southwest of Helena, the state capital, and about 120 miles southeast of Missoula.

A short drive from downtown, the Berkeley Pit is one of the most visited spots in the region: a vast former open-pit copper mine that operated from 1955 until 1982 and now holds a strikingly colored acidic lake. An observation deck provides views of the mile-wide pit along with explanations of the area's mining geology, and the site functions almost as a monument to the industry that built the city.

The World Museum of Mining brings that industrial past to life at the Orphan Girl Mine, just north of the city center. The museum occupies a cluster of preserved buildings and offers an underground mine tour, while the surrounding "Hell Roaring Gulch" recreates a frontier mining town from dozens of relocated historic structures, making it a favorite stop for visitors who want a hands-on sense of the work and daily life that shaped Butte.

Up on the Continental Divide east of town, Our Lady of the Rockies rises 90 feet above the ridgeline overlooking the city. Built by volunteers in the 1980s as a tribute to mothers, it has become one of the most photographed landmarks in the region and is accessible by guided tour from late spring through fall.

To the west, the Big Hole National Battlefield, a Nez Perce War site managed by the National Park Service, sits about a hundred miles from town and pairs naturally with a Butte stay as a day trip. Closer to the city, the surrounding Beaverhead-Deerlodge National Forest offers direct access to hiking, fishing, and camping around Georgetown Lake, roughly 30 miles west of downtown.

Butte's appeal for short-term rental guests lies in the unusual combination of an unusually dense and authentic mining-heritage downtown, mountain scenery that begins almost at the city limits, and a central location within reach of Glacier and Yellowstone national parks. Owners can market to road-trippers passing through on I-15 or I-90, history-focused travelers, and outdoor visitors who want a more characterful base than the larger cities of Helena or Missoula.

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