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

Butte Short-Term Rental Market Overview

Butte, MT presents an intriguing entry point for short-term rental investors, with average home values of $428,886 and annual revenue averaging $19,541 across its 64 active Airbnb listings. The market's ROI score of 56 out of 100 reflects a balance of healthy demand relative to property costs, though occupancy currently sits at 24% — well below Montana's 47% state average. A notable 91% year-over-year growth in active listings signals rising investor interest in this historic mining city, making timing and property selection especially important.

Key Market Statistics

According to Rabbu market data, the Butte 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 Butte

Investors are drawn to Butte for its relatively affordable property values compared to Montana resort markets, combined with enough seasonal tourism and event-driven demand to generate meaningful rental income.

Expert Market Assessment

"Butte's STR market offers an attractive but nuanced opportunity. Revenue potential is meaningful — particularly for larger properties, where 4-bedroom units average nearly $47,000 annually — yet the market-wide occupancy rate of 24% indicates that consistent bookings require strategic pricing and property differentiation. Seasonality is a defining characteristic: July peaks at $2,564 in average monthly revenue while April and November bottom out near $1,120–$1,125, creating a revenue spread that investors should plan around. The combination of affordable entry prices and above-average growth makes Butte worth a closer look, though the rapid supply expansion calls for careful due diligence on demand sustainability."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Butte

Average revenue by month in Butte

Butte's revenue cycle peaks sharply in July at $2,564 and stays elevated through the summer, while April ($1,120) and November ($1,125) mark the low points — a spread of more than $1,400 between peak and trough. This pronounced seasonality means investors should expect roughly five strong months (May–September) and plan cash reserves for the quieter winter and early spring periods.

Active Airbnb listings by property size in Butte

One-bedroom listings dominate Butte's supply with 23 of the 64 total active properties, followed by 2-bedroom units at 19 listings. Larger 4- and 5-bedroom properties are scarce (7 and 5 listings respectively), which may represent an underserved segment given their significantly higher revenue potential.

Average daily rate (ADR) by property size in Butte

ADR in Butte scales aggressively with size, climbing from $112 for 1-bedroom units to $392 for 5-bedroom properties — a 3.5x premium. The sharpest jump occurs between 3 bedrooms ($169) and 4 bedrooms ($278), suggesting the premium-to-cost trade-off may be most compelling for mid-to-large properties.

Average RevPAN by property size in Butte

RevPAN increases steadily with property size, from $31 per night for 1- and 2-bedroom listings to $52 for 5-bedroom properties. While smaller units achieve higher occupancy, the larger properties' ADR advantage more than compensates, making 5-bedroom units the most efficient revenue generators on a per-available-night basis.

Average occupancy rates by property size in Butte

Occupancy rates decline as property size increases: 1-bedroom units lead at 28%, while 4- and 5-bedroom properties fill only 13–14% of available nights. Investors in larger properties should expect fewer but higher-value bookings, which demands a pricing strategy calibrated for weekend and seasonal peaks rather than consistent nightly fills.

Average monthly revenue by property size in Butte

Four-bedroom properties lead monthly revenue at $3,916, followed by 5-bedroom units at $3,375, while 1-bedroom listings average a more modest $1,055 per month. The revenue gap between small and large properties is substantial — a 4-bedroom earns nearly four times what a 1-bedroom does, underscoring the income advantage of scaling up property size in this market.

Average annual revenue by property size in Butte

At $46,996 per year, 4-bedroom properties deliver the highest annual revenue in Butte — nearly 3.7 times the $12,660 earned by 1-bedroom listings. Five-bedroom units follow closely at $40,509, while 2- and 3-bedroom properties slot in at $16,358 and $22,416 respectively, suggesting that investors seeking the strongest return potential should focus on 3+ bedroom configurations.

Most common amenities for Airbnb listings in Butte

Every listing in Butte offers a kitchen and parking — table stakes for this market, likely reflecting the area's car-dependent geography and guest expectations for home-like stays. Self check-in (88%), washer (86%), and dryer (83%) round out the near-universal amenities, while workspace availability at 58% and pet-friendliness at 52% signal opportunities to differentiate by catering to remote workers and traveling pet owners.

Understanding Butte's ROI Score: 56/100

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

Butte's ROI score of 56 out of 100 places it in the 'Attractive Opportunity' band, reflecting a market where revenue relative to property values is reasonable and growth trends are running above average. The average ratings on revenue-to-price ratio and occupancy stability suggest steady but not exceptional cash-flow potential, while the below-average supply/demand balance — driven in part by 91% listing growth — is worth watching closely. Pairing this data with on-the-ground regulatory research and careful property selection will be key to capitalizing on Butte's emerging STR market.

Short-Term Rental Regulations in Butte

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

Permit Requirements

Short-term rental operators in Butte, Montana may be required to obtain a business license or STR-specific permit before listing their property. Investors should verify current permit and registration requirements directly with Silver Bow County and the City of Butte, as local regulations can change.

Key Restrictions

Common restrictions in Montana STR markets can include occupancy limits tied to property size, minimum stay requirements, noise and nuisance ordinances, and parking provisions. HOA rules may impose additional limitations, particularly in residential neighborhoods, so it's important to review any applicable covenants before purchasing.

Tax Obligations

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

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

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Butte's STR market is likely to see continued supply expansion given the 91% year-over-year listing growth, which could put additional pressure on occupancy rates unless demand keeps pace. Seasonal patterns suggest summer months (June through August) will remain the revenue engine, with monthly earnings potentially reaching $2,100–$2,600 during peak periods. ADR may hold steady or see modest 1–3% increases as the market matures, though investors should anticipate softer winter months where revenue can dip below $1,200. The above-average market growth trend is encouraging, but the below-average supply/demand balance warrants close monitoring as new listings come online."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Butte, MT

What is the average Airbnb occupancy rate in Butte?

The average Airbnb occupancy rate in Butte is currently 24%, which is below the Montana state average of 47%. Occupancy varies significantly by property size, with 1-bedroom listings achieving the highest rate at 28%, while larger 4- and 5-bedroom properties hover around 13–14%. Seasonal fluctuations also play a major role, with summer months driving the bulk of bookings.

How much do Airbnb hosts make in Butte?

On average, Airbnb hosts in Butte earn approximately $1,628 per month or $19,541 annually based on trailing 12-month booking data. Earnings vary widely by property size — 1-bedroom listings average about $12,660 per year, while 4-bedroom properties lead the market at roughly $46,996 annually. Peak summer months like July can yield around $2,564, whereas slower months like April may bring in closer to $1,120.

Is Butte a good market for Airbnb investment?

Butte earns a Rabbu ROI Score of 56 out of 100, categorized as an 'Attractive Opportunity.' The market benefits from affordable home values ($428,886 average) relative to revenue potential, and the above-average market growth trend is a positive signal. However, the below-average supply/demand balance and 24% occupancy rate mean that property quality, amenities, and pricing strategy will significantly influence individual results. Investors who target the right property size and manage seasonality well can find solid returns here.

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

The average daily rate for Airbnb listings in Butte is $165, which is substantially lower than the Montana state average of $443. ADR scales meaningfully with property size: 1-bedroom listings average $112, while 5-bedroom properties command $392 per night. This pricing structure creates a clear premium for investors willing to operate larger homes.

Are short-term rentals legal in Butte?

Short-term rentals are generally permitted in Butte, MT, though operators may need to obtain appropriate business licenses or permits. Local regulations can include zoning restrictions, occupancy limits, and tax collection requirements. We recommend verifying the latest rules with the City of Butte and Silver Bow County before purchasing or listing a property, as STR regulations in Montana continue to evolve.

When is peak season for Airbnb in Butte?

Peak season for Airbnb in Butte runs from June through August, with July topping the charts at $2,564 in average monthly revenue. June ($2,177) and August ($2,074) also perform well above the annual average. The slowest months are April ($1,120) and November ($1,125), so investors should budget for meaningful seasonal swings in income.

How many Airbnbs are there in Butte?

As of April 2026, there are 64 active Airbnb listings in Butte. The market has experienced significant growth, with a 91% year-over-year increase in active listings. One-bedroom properties make up the largest share of supply at 23 listings, followed by 2-bedroom units (19 listings), with larger properties representing a smaller but potentially more lucrative portion of the market.

How is Airbnb revenue calculated in Butte?

The annual and monthly revenue figures shown for Butte 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. We average each comparable listing's actual revenue per available night (RevPAN) by month over the past year, remove regional outliers, and roll the results up to a market-level historical average. This approach anchors figures to what hosts have actually earned recently while naturally reflecting seasonal peaks and slower months, since each month uses its own historical performance data. Individual results can vary based on property quality, pricing strategy, 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 by market and property size
• Historical occupancy and average daily rate trends based on trailing 12-month performance
• Revenue and yield metrics including RevPAN, monthly revenue, and annual revenue by property type
• Home value data sourced from the Zillow Home Value Index (ZHVI) for investment context
• Amenity prevalence data reflecting current guest expectations across active listings

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 market conditions as of the dates indicated; actual results may vary based on property quality, pricing strategy, and management. Local regulations governing short-term rentals are subject to change; investors should independently verify current rules before purchasing or operating an STR.