Bozeman, MT

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

656 / 1177

Reliable / Active

Cap Rate

6%

Middle-Earners Gross Yield

Revenue

$45,958

Middle-Earners Revenue

Occupancy

64%

Middle-Earners Occupancy

Home Value

$715,781

Median Home Sale Price

Top Earners

$95,994

Top-Earners Revenue

Bozeman

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Bozeman.

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C

Challenging to Investors

Bozeman 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 Bozeman

Bozeman, Montana is a vibrant city located in the southwestern part of the state, serving as the county seat of Gallatin County. With a population of approximately 54,000 as of 2021, it is one of the fastest-growing cities in Montana. Bozeman is situated roughly 90 miles northwest of the nearest major city, Billings.

Renowned for its picturesque landscapes and outdoor recreational opportunities, Bozeman is a gateway to numerous iconic landmarks. One of the most notable is Yellowstone National Park, about 90 miles south of the city, accessible via the stunningly scenic Yellowstone National Park West Entrance (https://www.nps.gov/yell/planyourvisit/directions.htm)..)

The city's appeal as a destination for short-term rentals is bolstered by its proximity to world-class skiing destinations such as Bridger Bowl (https://bridgerbowl.com/)) and Big Sky Resort (https://bigskyresort.com/),,) both of which provide exceptional winter sports facilities. Additionally, Bozeman is home to Montana State University (https://www.montana.edu/),,) which enriches the cultural fabric of the city and contributes to its dynamic atmosphere.

Downtown Bozeman offers a blend of historic charm and modern amenities, featuring a range of shops, restaurants, and entertainment venues. The Museum of the Rockies (https://museumoftherockies.org/),,) affiliated with Montana State University, is another noteworthy attraction that offers extensive paleontological and cultural exhibits, appealing to both residents and visitors alike.

Overall, Bozeman's combination of natural beauty, educational institutions, and diverse recreational activities makes it an attractive location for short-term rentals, particularly for those seeking both adventure and relaxation in a scenic mountain setting.

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