Belgrade, MT Airbnb Market Data, Statistics, and Occupancy Rates

Belgrade Short-Term Rental Market Overview

Belgrade, MT sits at the gateway to some of Montana's most popular outdoor destinations, and its short-term rental market reflects that positioning. With 104 active Airbnb listings, an average daily rate of $239, and average annual revenue of $37,771, the market offers moderate earning potential — though occupancy at 28% trails the state average of 47%. The 191% year-over-year growth in active listings signals surging investor interest, which means competition is intensifying and selective deal sourcing will be critical.

Key Market Statistics

According to Rabbu market data, the Belgrade short-term rental market shows:

Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026.

Why Investors Consider Belgrade

Belgrade attracts STR investors because of its proximity to Montana's outdoor recreation corridors and Bozeman Yellowstone International Airport, though rising competition requires disciplined property selection.

Expert Market Assessment

"Belgrade presents a competitive opportunity where strong investor interest meets real but uneven returns. Revenue is heavily seasonal — July peaks at $5,506 per month while April dips to just $1,584, creating a spread that demands careful cash-flow planning. The market's occupancy stability is a bright spot, scoring above average in Rabbu's ROI analysis, but revenue-to-price ratios and supply/demand balance both trail norms, driven by elevated home values averaging $839,927. Investors who target larger properties and optimize for summer visitors are best positioned to extract meaningful returns from this market."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Belgrade

Average revenue by month in Belgrade

Belgrade's revenue follows a pronounced summer peak, with July ($5,506) and August ($5,133) generating roughly three times the revenue of the slowest month, April ($1,584). Winter months show a modest bump in February–March from ski-adjacent demand, but investors should plan for significant cash-flow variability across the year.

Active Airbnb listings by property size in Belgrade

Three-bedroom homes dominate Belgrade's supply with 36 listings, followed by 2-bedrooms (24) and 1-bedrooms (19). Larger 4- and 5-bedroom properties are relatively scarce at just 11 and 7 listings respectively, potentially signaling less competition and more pricing power for investors targeting those segments.

Average daily rate (ADR) by property size in Belgrade

ADR scales dramatically with property size in Belgrade — 5-bedroom listings command $743 per night, nearly four times the rate for 2-bedrooms ($159). The jump from 3-bedrooms ($197) to 4-bedrooms ($286) is particularly notable, suggesting a strong premium-to-cost trade-off at the 4-bedroom tier where supply is limited.

Average RevPAN by property size in Belgrade

Revenue per available night tells a clear story: 5-bedroom properties lead at $156, followed by 4-bedrooms at $103, while mid-range sizes cluster between $38 and $59. This gap underscores that larger properties generate substantially better income per available night despite their higher acquisition costs.

Average occupancy rates by property size in Belgrade

Four-bedroom homes achieve the highest occupancy at 36%, while most other sizes hover around 24–30%. Interestingly, 5-bedroom properties have the lowest occupancy at 21%, but their elevated ADR more than compensates, resulting in top-tier RevPAN — a reminder that occupancy alone doesn't determine profitability.

Average monthly revenue by property size in Belgrade

Five-bedroom listings in Belgrade average $9,464 per month, more than four times the revenue of 2-bedroom units ($2,177). Studios also perform surprisingly well at $4,460 monthly, likely reflecting a niche of well-positioned units commanding premium nightly rates with competitive occupancy.

Average annual revenue by property size in Belgrade

On an annual basis, 5-bedroom properties stand out at $113,572 — nearly triple the market average of $37,771 — while 4-bedrooms earn $50,927. Two-bedroom units sit at the lower end at $26,130, making the larger property configurations the clearest path to stronger gross revenue in this market.

Most common amenities for Airbnb listings in Belgrade

Kitchens (97%) and parking (95%) are near-universal in Belgrade's listings, reflecting the practical expectations of travelers visiting a Montana gateway market. Self check-in (86%), washer/dryer access (80–85%), and outdoor amenities like patios (75%) and BBQ grills (58%) round out the essentials, while differentiators like hot tubs (21%) and pet-friendliness (23%) remain less common and may offer a competitive edge.

Understanding Belgrade's ROI Score: 48/100

Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.

How the ROI Score is Calculated

What This Means for Investors

Belgrade's ROI Score of 48 out of 100 places it in the 'Competitive Opportunity' band, meaning the market has genuine demand drivers but returns aren't automatic. Above-average occupancy stability is the standout positive factor, while revenue-to-price ratio, market growth trend, and supply/demand balance all score below average — largely a function of elevated home prices ($839,927 average) and rapid listing growth outpacing demand. Pairing this data with thorough local regulatory research and targeting higher-revenue property types will be key to making the numbers work.

Short-Term Rental Regulations in Belgrade

Understanding local STR regulations is essential before investing in Belgrade. Here's the current regulatory landscape:

Permit Requirements

Belgrade, Montana may require short-term rental operators to obtain a local permit or business license before listing a property. Investors should verify current requirements with the City of Belgrade and Gallatin County, as regulations in Montana communities can evolve quickly in response to housing concerns.

Key Restrictions

Common restrictions that may apply in Belgrade and surrounding Gallatin County include occupancy limits tied to bedroom count, minimum-stay requirements, noise and nuisance ordinances, parking mandates, and potential HOA restrictions that can override local permissiveness. Some Montana municipalities have also considered caps on non-owner-occupied STR permits, so it's worth confirming whether any such limits are in effect.

Tax Obligations

Short-term rental hosts in Montana are generally subject to state lodging facility use tax and may also owe local resort or tourism taxes depending on the jurisdiction. Major booking platforms typically collect and remit state-level taxes on behalf of hosts, but operators should confirm whether any additional local obligations apply in Belgrade.

Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Belgrade can provide current regulatory guidance.

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Belgrade's STR market is likely to see continued supply growth given the sharp uptick in new listings. Seasonal demand should remain concentrated in the June–August window, with monthly revenues potentially reaching $5,000–$5,500 during peak summer months. ADR may face modest downward pressure as supply outpaces demand growth, and occupancy rates could settle in the 25–30% range market-wide. Investors targeting larger properties — particularly 4- and 5-bedroom homes — may find more resilient returns, though they should plan conservatively for soft shoulder and winter months."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Belgrade, MT

What is the average Airbnb occupancy rate in Belgrade?

The average occupancy rate for Airbnb listings in Belgrade, MT is currently 28%, which falls below the Montana state average of 47%. Occupancy varies by property size — 4-bedroom homes lead at 36%, while 2-bedroom and 5-bedroom units tend to book less frequently at 24% and 21% respectively. Investors should factor this relatively modest occupancy into revenue projections and consider strategies like competitive pricing and amenity upgrades to improve booking rates.

How much do Airbnb hosts make in Belgrade?

Based on trailing 12-month booking data, the average Airbnb host in Belgrade earns approximately $3,147 per month or $37,771 annually. However, revenue varies significantly by property size: 5-bedroom listings average $113,572 per year, while 2-bedroom units bring in around $26,130. Peak summer months (July and August) can generate $5,100–$5,500 monthly, while shoulder months like April may drop to roughly $1,584.

Is Belgrade a good market for Airbnb investment?

Belgrade scores 48 out of 100 on Rabbu's ROI Score, placing it in the 'Competitive Opportunity' tier. The market benefits from above-average occupancy stability and proximity to major Montana recreation destinations, but faces headwinds from a below-average revenue-to-price ratio (average home values are nearly $840,000) and rapidly growing supply. Investors who source deals carefully and target higher-earning property configurations — especially 4- and 5-bedroom homes — are more likely to achieve solid returns.

What is the average daily rate (ADR) for Airbnb in Belgrade?

The average daily rate for Airbnb listings in Belgrade is $239, which is notably lower than the Montana state average of $443. ADR scales significantly with property size: studios and 1-bedrooms command $189–$208 per night, while 5-bedroom properties average $743 per night. This pricing gradient means larger homes can generate outsized revenue even at moderate occupancy levels.

Are short-term rentals legal in Belgrade?

Short-term rentals are generally permitted in Belgrade, MT, though operators may need to obtain local permits or business licenses and comply with applicable state and local regulations. Montana's regulatory landscape for STRs continues to evolve, particularly in high-growth areas like Gallatin County. Prospective investors should consult the City of Belgrade and Gallatin County offices directly for the most current rules on zoning, permits, and any hosting restrictions before purchasing a property.

When is peak season for Airbnb in Belgrade?

Peak season in Belgrade runs from June through August, with July delivering the highest average monthly revenue at $5,506 and August close behind at $5,133. The shoulder months of September ($3,569) and March ($3,202) also perform reasonably well, likely driven by early ski season and spring travel. The slowest period falls in April and November, when monthly revenue drops to $1,584 and $1,645 respectively.

How many Airbnbs are there in Belgrade?

As of April 2026, there are 104 active Airbnb listings in Belgrade, MT. The market has experienced substantial growth, with a 191% year-over-year increase in active listings. Three-bedroom homes represent the largest segment with 36 listings, followed by 2-bedrooms (24) and 1-bedrooms (19), while larger 4- and 5-bedroom properties remain relatively scarce at 11 and 7 listings respectively.

How is Airbnb revenue calculated in Belgrade?

The annual and monthly revenue figures shown for Belgrade are derived from the trailing 12 months of historical booking performance for active comparable Airbnb listings in the market — they are not forward-looking projections. Rabbu averages each comparable listing's actual revenue per available night (RevPAN) by month over the past year, removes regional outliers, and rolls the remainder up to a market-level historical average. Because each month uses its own historical performance data, the figures naturally reflect seasonal peaks (like July at $5,506) and slower periods (like April at $1,584). Individual results can vary meaningfully based on property quality, pricing strategy, guest reviews, and operational management.

About Rabbu Market Data

Rabbu provides Airbnb and short-term rental market data and statistics across the United States. Our mission is to empower investors with accurate insights and easy-to-use tools, so they can confidently identify and act on the best opportunities in the Airbnb market.

What this data includes

• Regularly updated active Airbnb and STR listing counts for Belgrade, MT and surrounding areas
• Average daily rate, occupancy, and RevPAN metrics based on current and trailing 12-month performance
• Revenue estimates by property size derived from historical comparable listing data
• Supply distribution and amenity prevalence across active listings
• Home value benchmarks sourced from the Zillow Home Value Index (ZHVI)

Sources and disclaimers

Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. Data reflects trailing 12-month averages and current snapshots as of the dates noted; market conditions may shift. Local regulations, HOA rules, and tax obligations vary and should be independently verified before investing.