Hamilton, MT

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

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

Listings

151 / 308

Reliable / Active

Cap Rate

4%

Middle-Earners Gross Yield

Revenue

$23,717

Middle-Earners Revenue

Occupancy

51%

Middle-Earners Occupancy

Home Value

$536,001

Median Home Sale Price

Top Earners

$47,320

Top-Earners Revenue

Hamilton

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Hamilton.

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B

Generally Investor friendly

Hamilton Regulations

Hamilton explicitly permits STRs citywide across residential and commercial zones, with clear legality and no stated caps. The permitting process involves moderate costs (city $150 registration + county/state fees up to $160) and multi-jurisdictional compliance (city/county/state), plus health inspections and annual renewals, but remains manageable and procedurally clear.

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About Hamilton

Hamilton is a small, scenic town in western Montana that serves as the seat of Ravalli County. With a population of roughly 4,800, it sits at the center of the broad Bitterroot Valley, flanked by the Bitterroot Mountains to the west and the Sapphires to the east. The town has a classic Western small-town feel, with a walkable historic downtown, locally owned shops and cafes, and a strong arts and ranching heritage. It is best known as a basecamp for outdoor recreation, including fly fishing, hiking, and backcountry adventures, and as a gateway to the Bitterroot National Forest and the larger Selway-Bitterroot Wilderness. Hamilton lies about 50 miles south of Missoula, generally under an hour's drive north along Highway 93.

Just to the north of town, the Lee Metcalf National Wildlife Refuge follows a stretch of the Bitterroot River and protects wetlands, riparian forest, and open water that attract waterfowl, herons, bald eagles, and deer. The refuge has a short driving loop, viewing platforms, and easy walking trails, making it a quick and family-friendly stop only about 10 minutes from downtown Hamilton. It is one of the most reliable places in the valley to see wildlife without venturing into the backcountry.

Within the town itself, the Daly Mansion stands as one of the most recognizable landmarks of the Bitterroot Valley. Built in the late 1800s by copper magnate Marcus Daly, the sprawling estate sits on landscaped grounds and is open seasonally for guided tours that share the story of Daly's influence on southwestern Montana. The mansion is just a short walk or drive from Hamilton's Main Street and gives visitors a tangible link to the region's mining-era past.

South of town, the Bitterroot National Forest covers more than 1.6 million acres of mountain terrain and offers some of the most accessible outdoor experiences in the region. Within a 30- to 45-minute drive, travelers can reach places like Lake Como, a mountain reservoir popular for paddling, camping, and hiking, as well as trailheads that climb into the Selway-Bitterroot Wilderness. Higher passes such as Lost Trail and Chief Joseph open the way toward Idaho and additional alpine scenery.

For short-term rental owners and guests alike, Hamilton strikes an appealing balance. It is small enough to feel relaxed and uncrowded, yet surrounded by an unusually rich mix of national forest, wildlife refuge, historic sites, and a vibrant downtown. With Missoula's airport roughly an hour away and four-season recreation at its doorstep, the town makes a natural and flexible home base for exploring the Bitterroot Valley and the wider northern Rockies.

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