Bozeman, MT Short-Term Rental ROI Calculator
Analyze your Airbnb investment with live Bozeman market data. Pre-populated with real ADR, occupancy, and revenue benchmarks.
Investor Quick Take
Strengths
- Competitive ADR — $198/night market rate
- STR-friendly regulations — low compliance burden
Risks
- Rising competition — 24% more listings vs last year
- High seasonality — significant off-season revenue drop
- Below-average occupancy — careful underwriting required
Moderate Market
Based on ADR, occupancy, and supply metrics
Bozeman is a mountain market with 53% average occupancy and $198 ADR.
We've pre-populated this calculator with Bozeman's market averages. Adjust the values to match your specific property.
Bozeman Short-Term Rental Market Overview
Bozeman sits at the heart of the Montana mountains, drawing hikers, leaf-peepers, and outdoor enthusiasts across multiple seasons. The Smoky Mountains corridor in particular generates some of the strongest occupancy rates in the Southeast — year-round demand cushioned by the region's family-friendly attractions and consistent visitor traffic.
The average STR in Bozeman generates approximately $38,300 in annual revenue, with an average daily rate of $198 and a 53% occupancy rate across the year. These metrics position Bozeman as an accessible entry-point STR market — particularly attractive to investors seeking consistent year-round cash flow.
Active listings in Bozeman grew by 24% year-over-year, currently sitting at approximately 1,600 active STR units. This rapid supply growth warrants attention — markets with accelerating inventory can see downward pressure on occupancy as new listings compete for the same pool of guests. Investors should track supply trends quarterly using tools like AirDNA or Rabbu before committing capital.
Key considerations for Bozeman investors: regulatory risk is rated low — Bozeman currently has minimal STR regulation, making it an investor-friendly market from a compliance perspective. Monitor local policy, as regulations can change. Property management costs, cleaning turnover for short stays, and platform fee optimization are the primary levers operators use to improve net margin in this market.
Market Metrics
Bozeman Airbnb Revenue by Property Size
| Property Size | Avg ADR | Avg Occupancy | Avg Annual Revenue | Est. Cap Rate Range |
|---|---|---|---|---|
| Studio | $89 | 53% | $17K | 1.3–1.7% |
| 1BR | $129 | 53% | $25K | 1.9–2.5% |
| 2BR | $198 | 53% | $40K | 3.0–4.1% |
| 3BR | $307 | 53% | $63K | 4.7–6.4% |
| 4BR+ | $455 | 53% | $96K | 7.2–9.7% |
Bozeman STR Revenue Calendar
Seasonal Insight: Peak season runs July, August, and June. Expect up to 45% higher revenue during peak months. Plan for November and December as your slowest period — approximately 22% below the annual average.
Is Bozeman a Good Market for Short-Term Rentals?
Why investors choose Bozeman
- ✓Solid revenue potential: market average of $38,300 per year with upside for well-managed properties
- ✓Year-round demand: Bozeman's diverse visitor base prevents the seasonal cliffs common in resort markets
- ✓Growing market: 24% annual listing growth signals strong investor and visitor confidence
Key risks to consider
- !Moderate seasonality: revenue varies materially by month — budget conservatively for shoulder and off-peak periods
- !Rapid supply growth: 24% YoY listing increase may pressure occupancy rates over 12–24 months
- !Below-average occupancy: 53% market average means careful property selection and pricing strategy are critical to profitability
Bozeman STR Regulatory Overview
LowBozeman requires a conditional use permit for STRs but is generally supportive of the market. Montana is broadly investor-friendly for vacation rentals.
Key Requirements
- ·Conditional use permit required
- ·City business license
- ·State accommodation tax (4% to state, plus local)
- ·Annual renewal
Source: City of Bozeman Community Development · Last verified: 2026-01. Regulations change frequently — always verify current requirements with local authorities before investing.
Compare Bozeman to Similar Markets
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| Metric | Bozeman | Denver | Breckenridge | Vail |
|---|---|---|---|---|
| ADR | $198 | $176 | $412 | $498 |
| Occupancy | 53% | 55% | 61% | 58% |
| Avg Revenue | $38K | $35K | $92K | $105K |
| Median Home Value | $625K | $545K | $1.1M | $1.6M |
| Regulatory Risk | Low | Moderate | Low | Low |
Bozeman Short-Term Rental FAQs
Is Bozeman a good market for short-term rentals?+
Bozeman, MT is an accessible US STR markets. With an average daily rate of $198 and 53% occupancy, the average listing earns approximately $38,300 per year. Market performance varies significantly by property type, location within the city, and management quality — this calculator helps you model your specific scenario.
What is the average Airbnb income in Bozeman?+
The average STR listing in Bozeman generates approximately $38,300 in gross annual revenue at a $198 average daily rate and 53% occupancy. Top-performing listings with premium amenities, strong reviews, and professional management can earn 30–50% above the market average. After platform fees (3–5%), cleaning costs, and other expenses, net revenue typically ranges 60–75% of gross.
What occupancy rate can I expect for an Airbnb in Bozeman?+
The market-average occupancy in Bozeman is approximately 53%. New listings typically underperform the market average for the first 3–6 months while accumulating reviews. Properties with professional photography, competitive pricing, and consistently high ratings can reach 65–71% occupancy. This market is moderately seasonal — plan for meaningful variation between peak and off-peak months.
What are the STR regulations in Bozeman?+
Regulatory risk in Bozeman is rated Low. Bozeman currently has minimal STR regulation, making it investor-friendly from a compliance standpoint. Always verify current requirements — local policies can change. Regulations change frequently; always confirm current rules with local authorities.
What type of property performs best as an Airbnb in Bozeman?+
In Bozeman, the highest-performing STR properties are typically cabins and A-frame homes with mountain views and outdoor space. Guests in Bozeman prioritize proximity to key attractions, unique character, and outdoor space. The most efficient segment by revenue-per-dollar-invested is typically the 2-bedroom category.
What is the best season for Airbnb in Bozeman?+
Bozeman sees peak STR demand during June through September. During peak season, top properties can command rates 45% above their annual average. The off-peak period sees materially lower rates and occupancy — conservative underwriting should assume 40–50% of peak revenue during the slowest months.
How much does it cost to buy an STR investment property in Bozeman?+
The median home value in Bozeman is approximately $625,000. With a 20% down payment, you'd invest roughly $144K in cash (including closing costs and setup). At the market-average revenue of $38,300/year, a property at median value would generate a gross revenue yield of approximately 6.1%. Use this calculator to model your specific purchase price, financing terms, and expense assumptions.
How does Bozeman compare to other STR markets?+
Bozeman offers accessible entry points relative to premium coastal markets. The $198 ADR is near the national STR average of roughly $185. For comparison, markets like Aspen and Malibu exceed $450 ADR but require significantly higher acquisition costs. Bozeman offers a lower barrier to entry with reliable occupancy fundamentals.
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