Three Forks, MT

  • Overview
  • Performance
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Key Performance Metrics

Market snapshot

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

Listings

8 / 37

Reliable / Active

Cap Rate

5%

Middle-Earners Gross Yield

Revenue

$25,416

Middle-Earners Revenue

Occupancy

47%

Middle-Earners Occupancy

Home Value

$540,645

Median Home Sale Price

Top Earners

$34,611

Top-Earners Revenue

Three Forks

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Three Forks.

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B

Generally Investor friendly

Three Forks Regulations

STRs are allowed citywide because Townsend has no ban and Montana is a property‑rights state; there are no hard caps or bans. Compliance requires moderate steps—zoning confirmation, a county fire‑protection plan/certification, standard building/fire/life‑safety adherence, possible DPHHS licensing if amenities like food or pools are offered, and state lodging tax registration. The absence of a city‑specific STR ordinance introduces some uncertainty, but processes are straightforward and not onerous.

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About Three Forks

Three Forks is a city in Gallatin County, Montana, United States and is located within the watershed valley system of both the Missouri and Mississippi rivers drainage basins — and is historically considered the birthplace or start of the Missouri River. The population was 1,989 at the 2020 census. The city of Three Forks is named so because it lies geographically near the point, in nearby Missouri Headwaters State Park, where the Jefferson, Madison, and Gallatin rivers converge to form the Missouri River — the longest single river in North America, as well as the major portion of the Missouri–Mississippi River System from the headwaters near Three Forks to its discharge into the Gulf of Mexico. Three Forks is part of the Bozeman, MT Micropolitan Statistical Area of approximately 100,000 people and located thirty miles west of Bozeman.

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