Belgrade, MT

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

136 / 251

Reliable / Active

Cap Rate

8%

Middle-Earners Gross Yield

Revenue

$43,094

Middle-Earners Revenue

Occupancy

65%

Middle-Earners Occupancy

Home Value

$544,626

Median Home Sale Price

Top Earners

$68,806

Top-Earners Revenue

Belgrade

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Belgrade.

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C

Challenging to Investors

Belgrade Regulations

STRs are legal only as owner‑occupied Types 1/2 (new non‑owner‑occupied Type 3 is banned, legacy Type 3 allowed to continue). Compliance requires city permits, annual renewal fee, Montana health and fire inspections, tax registration, occupancy/parking caps, and platform reporting—moderate‑to‑high complexity that narrows investable stock.

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About Belgrade

Belgrade, Montana, is a small city located in the southwestern part of the state. As of the 2020 census, it has a population of approximately 10,500 residents. Situated only about 10 miles northwest of Bozeman, the closest major city, Belgrade benefits from its proximity to the amenities and attractions of a larger urban area while maintaining a more relaxed, small-town atmosphere.

Belgrade offers several landmarks and attractions that appeal to short-term rental visitors. One of the notable landmarks is the Gallatin River, which provides opportunities for fishing, kayaking, and rafting. Its location also makes it ideal for those interested in exploring Yellowstone National Park, which is approximately 90 miles away.

The city is home to Belgrade's Lewis and Clark Park, a popular local destination known for its playgrounds, sports fields, and seasonal events.

Additionally, given its proximity to Bozeman, visitors often take advantage of cultural and recreational activities in the area, such as the Museum of the Rockies, which features an extensive collection of dinosaur fossils and exhibits on regional history (for more information, visit their website at Museum of the Rockies).

Bozeman Yellowstone International Airport is conveniently located just a few miles from Belgrade, making the city easily accessible for travelers. Its central location offers easy access to a range of outdoor activities including hiking, skiing, and exploring the stunning landscapes of Southwestern Montana.

With its balance of small-town charm and proximity to larger city amenities, Belgrade, MT, presents an appealing option for short-term rental guests seeking both relaxation and adventure.

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