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

Bozeman Short-Term Rental Market Overview

Bozeman delivers a compelling mix of outdoor-recreation appeal and steady visitor traffic, earning an ROI score of 60 out of 100 — placing it in the "Attractive Opportunity" tier for short-term rental investors. With 469 active Airbnb listings generating an average annual revenue of $43,614 and an ADR of $272 (well below Montana's $443 state average), the market offers accessible pricing for guests while still producing meaningful returns. High home values averaging $1,177,257 temper the revenue-to-price ratio, but above-average occupancy stability helps offset that gap, making Bozeman worth a serious look for investors who can acquire property at or below the market median.

Key Market Statistics

According to Rabbu market data, the Bozeman 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 Bozeman

Bozeman's proximity to Yellowstone, a thriving university town, and year-round outdoor recreation create multiple demand drivers that make it a resilient STR market despite elevated property prices.

Expert Market Assessment

"Bozeman sits comfortably in the "Attractive Opportunity" band, driven primarily by strong occupancy stability and a demand base that spans summer tourists, winter skiers, and university-related visitors. Seasonality is pronounced — July peaks at $6,361 in average monthly revenue while April dips to just $1,827 — so effective pricing strategy during shoulder months is critical to maximizing annual returns. The revenue-to-price ratio scores below average due to Bozeman's elevated home values, meaning investors need to target the right property size to make the numbers work. Larger configurations (4–6+ bedrooms) offer the clearest path to strong returns, but they require proportionally higher upfront investment and operational attention."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Bozeman

Average revenue by month in Bozeman

Bozeman's revenue cycle peaks sharply in summer, with July leading at $6,361 and August following at $5,929, while April ($1,827) and November ($1,900) mark the year's softest months — a spread of roughly 3.5× between peak and trough. A notable winter shoulder bump in February–March ($3,456–$3,700) reflects ski-season demand, giving investors two distinct earning windows to optimize around.

Active Airbnb listings by property size in Bozeman

One- and two-bedroom units dominate Bozeman's supply at 150 and 140 listings respectively, accounting for over 60% of the market. Larger configurations are notably scarce — just 18 five-bedroom and 5 six-plus-bedroom listings exist — which could represent an opportunity for investors willing to acquire bigger properties where competition is thin.

Average daily rate (ADR) by property size in Bozeman

ADR climbs steeply with size, from $158 for a 1-bedroom to $770 for a 5-bedroom, though 6+ bedroom properties actually pull back to $652 — possibly reflecting pricing pressure from the very small supply in that segment. The jump from 3-bedroom ($308) to 4-bedroom ($525) represents the steepest rate premium, suggesting group-friendly properties unlock a meaningfully higher price tier.

Average RevPAN by property size in Bozeman

Revenue per available night tells a clear story: larger properties deliver dramatically better per-night revenue, with 6+ bedrooms topping out at $327 and 5-bedrooms at $314 — roughly 4–5× the $60 RevPAN of 1-bedroom units. Even after factoring in occupancy, the 4+ bedroom segment consistently outperforms, making it the most efficient revenue generator on a per-night basis.

Average occupancy rates by property size in Bozeman

Occupancy rates across property sizes in Bozeman are tightly clustered between 37% and 43%, with 6+ bedroom listings standing out at 50% — likely reflecting strong group-travel demand in a gateway town to Yellowstone. The relative uniformity means occupancy alone isn't a strong differentiator; revenue differences are driven primarily by ADR rather than fill rates.

Average monthly revenue by property size in Bozeman

Monthly revenue scales predictably with size, from $2,389 for studios to $12,260 for 6+ bedroom properties — nearly a 5× difference. The jump from 3-bedroom ($4,779) to 4-bedroom ($7,816) is particularly notable, adding over $3,000 per month and marking the inflection point where properties start generating serious cash flow.

Average annual revenue by property size in Bozeman

Annual revenue ranges from $28,679 for studios to $147,127 for 6+ bedroom homes, with 4-bedroom properties hitting $93,792 — a configuration that may offer the best balance of acquisition cost and income potential. Five-bedroom units at $141,316 per year close nearly all the gap to the largest properties, suggesting diminishing returns above that size threshold.

Most common amenities for Airbnb listings in Bozeman

Parking (97%), kitchen (93%), and laundry (89% washer, 88% dryer) are essentially table stakes in Bozeman — any listing without them will be at a competitive disadvantage. Differentiation opportunities exist with hot tubs (only 13% of listings), pet-friendliness (27%), and EV chargers (5%), all of which can help a property stand out in a market catering to outdoor enthusiasts and road-trippers.

Understanding Bozeman's ROI Score: 60/100

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

Bozeman's ROI score of 60 out of 100 places it in the "Attractive Opportunity" band, reflecting a market where strong occupancy stability (above average) and balanced supply-demand dynamics partially offset a below-average revenue-to-price ratio driven by elevated home values averaging $1,177,257. Market growth trend and supply-demand balance both score as average, indicating a mature but not saturated market. Investors should pair this score with thorough local regulatory research and property-level underwriting, particularly since the revenue math works best for larger properties that can command higher nightly rates.

Short-Term Rental Regulations in Bozeman

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

Permit Requirements

Bozeman, Montana may require a short-term rental permit or registration before listing a property on platforms like Airbnb. Investors should verify current requirements directly with the City of Bozeman and Gallatin County, as local STR regulations can change frequently.

Key Restrictions

Common restrictions in Montana resort-adjacent markets can include occupancy limits, minimum-stay requirements, noise and parking regulations, and potential permit caps in certain zoning districts. HOA covenants may impose additional limitations, so reviewing CC&Rs before purchasing is essential.

Tax Obligations

Short-term rental operators in Montana are generally subject to state lodging facility use taxes and may owe local resort or tourism taxes depending on the jurisdiction. Major booking platforms often collect and remit some of these taxes automatically, but hosts should confirm their full obligations with a local tax advisor.

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

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Bozeman's summer-driven demand cycle should continue to anchor revenue, with July and August likely remaining the market's revenue peak. Listing growth has been modest at 103% year-over-year, suggesting the supply side isn't overheating. We estimate ADR could tick up 1–3% as larger properties and premium amenities keep pushing nightly rates higher, while occupancy is projected to hold in the 37–43% range market-wide. Investors entering before the next summer peak stand to capture the strongest months right out of the gate."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Bozeman, MT

What is the average Airbnb occupancy rate in Bozeman?

The average Airbnb occupancy rate in Bozeman is currently 39%, which falls below the Montana state average of 47%. Occupancy varies by property size, with 6+ bedroom listings leading at 50% and 2-bedroom units sitting lowest at 37%. The market's above-average occupancy stability score suggests that while the overall rate is moderate, it remains relatively consistent rather than swinging wildly between seasons.

How much do Airbnb hosts make in Bozeman?

On average, Airbnb hosts in Bozeman earn approximately $3,634 per month and $43,614 per year based on trailing 12-month booking data. Earnings scale significantly with property size — studios average around $2,389 per month, while 6+ bedroom properties can bring in roughly $12,260 monthly. Peak summer months like July can push revenue above $6,300 for the average listing, making seasonal optimization a key factor in total earnings.

Is Bozeman a good market for Airbnb investment?

Bozeman earns a 60 out of 100 on Rabbu's ROI Score, placing it in the "Attractive Opportunity" category. The market benefits from above-average occupancy stability and balanced supply-demand dynamics, though its below-average revenue-to-price ratio — driven by average home values around $1,177,257 — means investors need to be strategic about property selection. Larger homes (4+ bedrooms) tend to deliver the strongest returns relative to operating costs, and the market's diverse demand drivers spanning outdoor recreation, skiing, and proximity to Yellowstone add resilience.

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

The average daily rate for Airbnb listings in Bozeman is $272, which is notably lower than the Montana state average of $443. ADR scales substantially with property size: 1-bedroom units average $158 per night, 3-bedrooms reach $308, and 5-bedroom properties command $770 per night. This pricing structure rewards investors who can accommodate larger groups, such as families or multi-couple travel parties visiting the greater Yellowstone area.

Are short-term rentals legal in Bozeman?

Short-term rentals do operate in Bozeman, as evidenced by the 469 active Airbnb listings currently in the market. However, the City of Bozeman and the state of Montana may impose specific permit, registration, or zoning requirements that hosts must follow. Investors should contact local authorities directly and review any HOA restrictions before purchasing a property intended for short-term rental use.

When is peak season for Airbnb in Bozeman?

Peak season in Bozeman runs from June through August, with July topping out at $6,361 in average monthly revenue and August close behind at $5,929. A secondary winter bump occurs in February and March (around $3,456–$3,700), likely driven by ski season at nearby Bridger Bowl and Big Sky. April and November represent the softest months, dipping to roughly $1,827 and $1,900 respectively — a pattern investors should factor into their cash-flow planning.

How many Airbnbs are there in Bozeman?

As of April 2026, there are 469 active Airbnb listings in Bozeman. The supply is concentrated in 1-bedroom (150 listings) and 2-bedroom (140 listings) configurations, with significantly fewer options in the 5-bedroom (18 listings) and 6+ bedroom (5 listings) segments. Year-over-year listing growth sits at 103%, indicating the market is growing at a measured pace rather than experiencing a supply surge.

How is Airbnb revenue calculated in Bozeman?

The annual and monthly revenue figures shown for Bozeman 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 remaining data up to a market-level historical average. Because each month uses its own historical performance, the figures naturally reflect seasonal peaks (like July at $6,361) and slower months (like April at $1,827). Individual results can vary meaningfully based on property quality, pricing strategy, and how actively the listing is managed.

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 the Bozeman market
• Average daily rate, occupancy, and RevPAN metrics with state-level comparisons
• Monthly and annual revenue trends broken down by property size
• Amenity prevalence data across active listings to benchmark guest expectations
• Home value data sourced from the Zillow Home Value Index (ZHVI) for ROI context

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 historical averages and market conditions as of the dates noted; actual results will vary based on property quality, pricing strategy, and management. Local regulations and tax obligations may change; investors should verify current STR rules with Bozeman city officials and Montana state authorities before purchasing.