Commercial Real Estate Market in Hamilton, MT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
91 active listings and 747 off-market properties in Hamilton, MT. Commercial property asks $338/SF to buy and $9.20/SF/Yr to lease.
Market Trends
Hamilton, MT spans 537.4 square miles in Ravalli County, Montana. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Hamilton, MT runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Hamilton, MT runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Hamilton, MT runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily vacancy in Hamilton, MT runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 33.8%
- Civic 33.5%
- Commercial 23.2%
- Planned_development 3.4%
- Industrial 3.4%
- Mixed use 1.5%
Largest Zones share of zoned land by district
Public And Institutional
Single Family Residential
Highway Related Business
Multiple Family Residential
Residential High Density
Public And Institutional (PI)
The PI district establishes zoning to accommodate those public and institutional uses which are related to the health, safety, educational, cultural and welfare needs of the city.
Market overview
Demographics & Economy
Hamilton, MT has 14,466 residents in 7,287 households. Density runs 27 people per square mile. Median household income here is $64,493 and median gross rent $1,054 a month.
14,466
Population
7,287
Households
2
Avg Household Size
51
Median Age
33%
College-Educated
93%
High-School Grad
537.4 sq mi
ZIP Area
27
Density / Sq Mi
$64,493
Median Household Income
$32,962
Median Earnings
$1,054
Median Rent
$398,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Darby | — | — |
| Stevensville | — | — |
Commercial property in Hamilton, MT asks $338/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hamilton?
Commercial property in Hamilton, MT asks an average of $338 per square foot.
How much does it cost to lease commercial space in Hamilton?
Asking lease rates in Hamilton, MT average $9.20 per square foot per year.
Where does Realmo's Hamilton market data come from?
Realmo compiles Hamilton, MT figures from 86 active sale listings, 5 active lease listings, 747 tracked off-market properties, the current Hamilton zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 86 active for-sale and 5 active for-lease listings in Hamilton, MT. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 1,647 zoned acres across 13 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · report a data issue
