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

Emigrant Short-Term Rental Market Overview

Emigrant, MT sits at the doorstep of Yellowstone National Park, making it a natural draw for outdoor travelers seeking cabin-style accommodations in Montana's Paradise Valley. With just 37 active Airbnb listings and an average annual revenue of $58,869 per property, this micro-market rewards hosts who can capture peak summer demand. The ROI score of 60 out of 100 reflects a healthy revenue-to-price ratio and above-average occupancy stability, though investors should note that property values averaging $1,253,333 require strong seasonal performance to pencil out.

Key Market Statistics

According to Rabbu market data, the Emigrant 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 Emigrant

Emigrant appeals to investors seeking Yellowstone-adjacent tourism revenue in a market with limited supply and strong seasonal pricing power.

Expert Market Assessment

"Emigrant presents an attractive but seasonally concentrated opportunity. The bulk of revenue is earned between May and September, with July alone generating roughly four times the income of a typical winter month. Three-bedroom listings are the clear performance leaders, pulling in $61,477 annually with the highest occupancy rate at 45%. While the 177% year-over-year supply growth and below-average market growth trend warrant monitoring, the small absolute listing count and Yellowstone's enduring appeal provide a meaningful buffer for well-positioned properties."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Emigrant

Average revenue by month in Emigrant

Emigrant's revenue curve is steeply seasonal: July peaks at $10,582 — more than six times February's low of $1,648. The five-month window from May through September accounts for the vast majority of annual income, making summer pricing strategy and availability critical for investors.

Active Airbnb listings by property size in Emigrant

Supply is nearly evenly split across one-bedroom (10), two-bedroom (10), and three-bedroom (12) listings, creating a balanced competitive landscape. There's no single dominant property type, which means differentiation through amenities and guest experience may matter more than simply choosing a bedroom count.

Average daily rate (ADR) by property size in Emigrant

ADR roughly doubles from one-bedroom listings at $154 to three-bedroom properties at $315, with two-bedrooms sitting at $215 in between. The jump from two to three bedrooms is especially steep ($100 per night), suggesting that larger properties command a meaningful premium in this market.

Average RevPAN by property size in Emigrant

Three-bedroom properties dominate RevPAN at $140, nearly three times the $52 earned by one-bedroom units and more than triple the $45 for two-bedrooms. The two-bedroom segment's low RevPAN ($45) relative to its ADR ($215) signals that occupancy struggles are dragging down effective revenue for that size category.

Average occupancy rates by property size in Emigrant

Three-bedroom listings lead with 45% occupancy, followed by one-bedrooms at 34% and two-bedrooms lagging at just 21%. The two-bedroom segment's notably low occupancy could reflect oversaturation at that price point or a mismatch with what Emigrant travelers are seeking.

Average monthly revenue by property size in Emigrant

Monthly revenue climbs with property size, from $2,282 for one-bedroom units to $5,123 for three-bedrooms, though the gap between two-bedrooms ($4,911) and three-bedrooms is relatively modest. Investors eyeing two-bedroom properties should weigh the narrower revenue advantage against the significantly lower occupancy rate that size faces.

Average annual revenue by property size in Emigrant

Three-bedroom properties generate the highest annual revenue at $61,477, edging out two-bedrooms at $58,939, while one-bedrooms trail at $27,395. Given the small difference between two- and three-bedroom annual revenue but the large occupancy and RevPAN gap, three-bedroom configurations appear to offer the strongest overall return potential in Emigrant.

Most common amenities for Airbnb listings in Emigrant

Kitchens and parking are universal at 100%, and the high prevalence of washers (95%), dryers (92%), patios (89%), outdoor furniture (87%), and BBQ grills (84%) signals that guests expect a full home-away-from-home experience with strong outdoor living elements. Hot tubs appear in only 16% of listings, which could represent a differentiation opportunity for investors willing to make that upgrade.

Understanding Emigrant'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

Emigrant's ROI Score of 60 out of 100 places it in the 'Attractive Opportunity' band, signaling viable short-term rental potential for investors who buy and operate strategically. The score benefits from an average revenue-to-price ratio and above-average occupancy stability, though below-average marks on market growth trend and supply/demand balance reflect the rapid 177% listing growth that's reshaping competitive dynamics. Pairing this data with on-the-ground regulatory research and a conservative underwriting approach — especially for the quiet winter months — will help investors set realistic expectations.

Short-Term Rental Regulations in Emigrant

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

Permit Requirements

Short-term rental operators in Emigrant and Park County, Montana may need to obtain local permits or register their rental property with the county. Investors should verify current requirements directly with Park County planning and zoning offices before listing.

Key Restrictions

Common restrictions in Montana resort-area communities can include occupancy limits, noise ordinances, parking requirements, and minimum-stay rules during certain seasons. HOA covenants and deed restrictions in some subdivisions may further limit or prohibit short-term rentals, so due diligence on the specific parcel is essential.

Tax Obligations

Montana imposes a lodging facility use tax on short-term rentals, and Park County may levy additional resort or local option taxes. Major booking platforms typically collect and remit state-level taxes on behalf of hosts, but operators should confirm county-level obligations are also covered.

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

Future Outlook & Long-Term Forecast

"Emigrant's extreme seasonality — with July revenue topping $10,582 and winter months dipping below $2,500 — means the next 12–18 months will hinge on continued strength during the May-through-September corridor. Active listings grew 177% year over year, which may temper per-listing performance if supply outpaces demand growth. Occupancy could settle in the 30–35% range annually, with ADR holding steady or rising modestly by 1–3% as hosts refine pricing for the gateway-to-Yellowstone audience. Investors should budget conservatively for the November-through-April stretch and treat summer as the revenue engine."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Emigrant, MT

What is the average Airbnb occupancy rate in Emigrant?

The average occupancy rate for Airbnb listings in Emigrant is currently 33%, which falls below the Montana state average of 47%. Occupancy varies significantly by property size — three-bedroom units lead at 45%, while two-bedroom listings average just 21%. The lower overall rate reflects Emigrant's pronounced seasonality, with strong summer bookings offset by quieter winter months.

How much do Airbnb hosts make in Emigrant?

Airbnb hosts in Emigrant earn an average of $4,905 per month and approximately $58,869 per year based on trailing 12-month performance data. Revenue is heavily weighted toward summer, with July averaging $10,582 and February dipping to $1,648. Three-bedroom properties are the top earners at $61,477 annually, while one-bedroom units bring in roughly $27,395.

Is Emigrant a good market for Airbnb investment?

Emigrant earns a Rabbu ROI Score of 60 out of 100, rated as an 'Attractive Opportunity.' The market benefits from above-average occupancy stability and a reasonable revenue-to-price ratio, though average home values of $1,253,333 mean investors need strong peak-season returns to achieve healthy yields. The limited supply of 37 listings and Yellowstone-driven tourism provide a competitive moat, but rapid supply growth (177% year over year) is worth watching closely.

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

The average daily rate across all Emigrant Airbnb listings is $281, which is well below the Montana state average of $443. ADR scales meaningfully with size: one-bedroom properties average $154, two-bedrooms sit at $215, and three-bedroom listings command $315 per night. The lower market-wide ADR reflects the prevalence of smaller, cabin-style properties rather than large luxury rentals.

Are short-term rentals legal in Emigrant?

Short-term rentals operate in Emigrant, MT, and there are currently 37 active Airbnb listings in the market. However, operators should verify permit requirements, zoning restrictions, and tax obligations with Park County and the state of Montana, as regulations can change. HOA or subdivision rules may also apply depending on the specific property.

When is peak season for Airbnb in Emigrant?

Peak season in Emigrant runs from June through August, coinciding with Yellowstone National Park's busiest visitor months. July is the single strongest month with average revenue of $10,582, followed by August at $9,023 and June at $8,525. The shoulder months of May ($5,571) and September ($7,181) also perform well, while November through April sees monthly averages below $3,000.

How many Airbnbs are there in Emigrant?

There are currently 37 active Airbnb listings in Emigrant as of April 2026. Supply is evenly distributed across property sizes, with 10 one-bedroom listings, 10 two-bedroom listings, and 12 three-bedroom listings. The market experienced 177% year-over-year growth in active listings, indicating rising investor interest in this Yellowstone-adjacent area.

How is Airbnb revenue calculated in Emigrant?

The annual and monthly revenue figures for Emigrant 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. This approach anchors the figures to what hosts have actually earned recently while naturally reflecting seasonal peaks and slower months, since each month uses its own historical performance. Individual results can vary 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 Emigrant, MT market
• Average daily rates, occupancy rates, and RevPAN broken down by property size
• Monthly and annual revenue trends based on trailing 12-month booking performance
• Home value estimates sourced from the Zillow Home Value Index (ZHVI)
• Amenity prevalence data across active listings to benchmark guest expectations

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 performance as of April 2026; market conditions, regulations, and listing counts may have changed since the data was compiled. Individual property results will vary based on location, quality, pricing strategy, and management approach.