Performance indicators for the Hot Springs short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
Revenue
Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
Top Earners
Top-Earners Revenue
The highest-performing listings in Hot Springs.
Loading top listings...
Very Investor friendly
STRs are permitted under Montana’s statewide public-accommodation regime without evidence of Hot Springs‑specific restrictions, caps, or zoning limits; the required DPHHS license and annual inspections are straightforward and low‑burden, lodging taxes are handled via the platform, and the city’s guidance is supportive and clear.
Local STR Agent
STR specialist · Hot Springs, MT
Hot Springs is a small town in Sanders County in the western part of Montana, with a population of approximately 500 residents. The town has a quiet, rustic character and is best known for its natural geothermal hot mineral springs, which have attracted visitors for well over a century. It serves as a relaxing base for exploring the broader Flathead region of western Montana, and sits roughly 75 miles northwest of Missoula, the nearest sizable city.
The hot springs themselves remain the central attraction, and a handful of bathhouses and inns channel the mineral-rich water into soaking pools that have long been associated with relaxation and therapeutic use. Symes Hot Springs Hotel is among the historic establishments in town that have welcomed soak-seekers for generations.
Flathead Lake is one of the largest natural freshwater lakes in the western United States and lies about 25 miles west of Hot Springs. The lake offers boating, fishing, and scenic shoreline drives, with the surrounding area dotted by small communities, cherry orchards, and state parks.
The National Bison Range, a wildlife refuge managed by the U.S. Fish and Wildlife Service, is located roughly 30 miles west of Hot Springs near the community of Moiese. The refuge is home to herds of bison as well as elk, deer, bighorn sheep, and pronghorn, and offers a scenic drive through open grassland and rolling hills.
Glacier National Park lies to the north of Hot Springs, across a drive of roughly two and a half to three hours. The park is renowned for its dramatic mountain scenery, remnant glaciers, alpine meadows, and the famous Going-to-the-Sun Road, making it a popular day trip or overnight excursion for visitors staying in the area.
Hot Springs' appeal as a short-term rental destination lies in its blend of small-town character and access to a wide range of natural attractions. Visitors come primarily for the hot springs, but the town's location within driving distance of Flathead Lake, the National Bison Range, and Glacier National Park makes it a practical and peaceful base for exploring one of the most scenic corners of the northern Rockies.