Philipsburg, MT

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

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

Listings

100 / 217

Reliable / Active

Cap Rate

6%

Middle-Earners Gross Yield

Revenue

$28,192

Middle-Earners Revenue

Occupancy

47%

Middle-Earners Occupancy

Home Value

$464,622

Median Home Sale Price

Top Earners

$48,638

Top-Earners Revenue

Philipsburg

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Philipsburg.

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C

Challenging to Investors

Philipsburg Regulations

STRs are technically permitted but subject to county licensing, annual inspections, and significant restrictions—including a prohibition in Georgetown Lake and a review trigger for 5+ units—within a tightening regulatory climate.

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About Philipsburg

Philipsburg is a small town of roughly 900 residents that serves as the county seat of Granite County in western Montana. Tucked into the upper Clark Fork Valley at the foot of the Anaconda-Pintler Wilderness, it has the feel of a place that time largely skipped over, with a tidy brick-and-boardwalk downtown that dates to its silver-mining boom in the 1880s. Today it functions less as a working mine town and more as a year-round basecamp for outdoor recreation, with a steadily growing reputation for sapphire mining, fly fishing, and winter sports. The nearest major city is Butte, approximately 50 miles to the east along Interstate 90, while Missoula lies about 90 miles to the northwest.

The historic downtown is the heart of the town's identity, a preserved block of late-nineteenth-century storefronts now occupied by galleries, antique shops, and a famously over-the-top candy store. The restored Philipsburg Theatre, a onetime opera house built during the mining era, anchors the main street and still hosts live performances and films. Visitors can usually park once and spend a full afternoon wandering the short row of businesses, which together give the town the feel of a small Western film set.

Just west of town, Georgetown Lake sits at about 6,400 feet in the Flint Creek Range and is a popular summer destination for boating, camping, and rainbow-trout fishing, with a handful of small resorts and public boat launches along its roughly 3,000-acre shoreline. The drive from Philipsburg takes about 20 minutes and the road climbs steadily through forested country, so the lake tends to feel considerably more remote than the short distance suggests.

In the same direction and at even higher elevation lies the Anaconda-Pintler Wilderness, a roughly 158,000-acre block of peaks, alpine lakes, and meadows that adjoins the town on its southern edge. Day hikes into the wilderness, including routes to places like Warren Lake and the crest of the Pintler ridgeline, begin within a short drive of downtown and draw hikers, backpackers, and in summer, outfitters running trips into the backcountry. The same road network continues on to Discovery Ski Area, a family-oriented mountain about 25 minutes west of town that adds a winter season to the town's appeal.

What makes Philipsburg work as a short-term rental market is the unusual combination of a walkable, photogenic downtown with immediate access to high-country recreation in every season. Guests can spend a morning panning for sapphires, an afternoon on Georgetown Lake, and an evening catching a show at the old theatre, all without ever straying far from a single, very compact base. For owners, that mix of small-town charm, four-season activity, and a relative lack of comparable lodging in the immediate area tends to translate into steady demand from weekenders, leaf-peepers in fall, anglers in summer, and skiers once the snow flies.

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