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View PropertiesAs of Apr, 27 2026
Rabbu ROI Score
Libby presents a competitive opportunity: investor interest and demand are strong, but higher prices or tighter competition may require more selective deal sourcing.
Libby, MT is a small but emerging short-term rental market nestled in northwestern Montana's scenic Kootenai National Forest corridor. With just 17 active Airbnb listings and an average annual revenue of $30,212 per property, the market offers a low-competition landscape where well-positioned investors can capture outsized summer demand — July revenue alone reaches $6,269. However, a 39% average occupancy rate (below Montana's 47% state average) and pronounced winter slowdowns mean cash-flow planning is essential.
According to Rabbu market data, the Libby short-term rental market shows:
| Metric | Context | Value |
|---|---|---|
| Active Airbnb Listings | As of Apr, 27 2026 | 17 |
| Average Daily Rate (ADR) | vs. $443 state avg. | $197 |
| Average Occupancy Rate | vs. 47% state avg. | 39% |
| RevPAN | ADR * Occupancy Rate | $76 |
| Average Monthly Revenue | Historical 12-month average | $2,517 |
| Average Annual Revenue | Historical 12-month average | $30,212 |
Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Apr, 27 2026.
Libby appeals to investors seeking a low-competition rural Montana market where favorable supply/demand dynamics and affordable entry relative to resort towns can offset below-average occupancy.
Key investment factors
"Libby represents a competitive but niche opportunity for STR investors comfortable with sharp seasonal swings. The market scores 54 out of 100 on Rabbu's ROI scale, reflecting average revenue-to-price and occupancy fundamentals paired with above-average supply/demand conditions. Peak performance is concentrated from June through August, when monthly revenues jump three- to six-fold compared to winter lows of around $900. Investors who can manage carrying costs through the quieter months and capture the summer surge stand the best chance of generating meaningful returns here."
— Rabbu Market Analysis Team
Libby's revenue curve is steeply seasonal, with July ($6,269) generating nearly seven times the revenue of March ($821), the slowest month. The June–August summer corridor accounts for a disproportionate share of annual income, while November through March consistently underperforms at under $2,000 per month.
| Month | Trend | Revenue |
|---|---|---|
| January |
|
$926 |
| February |
|
$925 |
| March |
|
$821 |
| April |
|
$1,856 |
| May |
|
$1,945 |
| June |
|
$3,365 |
| July |
|
$6,269 |
| August |
|
$5,177 |
| September |
|
$2,705 |
| October |
|
$2,245 |
| November |
|
$1,798 |
| December |
|
$2,175 |
The only property size with reported listing data is 2-bedroom units, which account for 6 of the 17 active listings. The remaining listings likely span other bedroom counts at volumes too small for individual reporting, suggesting potential opportunity for investors to differentiate with larger or unique property configurations.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
6 |
Two-bedroom properties command an ADR of $147, notably below the market-wide average of $197, indicating that larger or more premium listings in the market are pushing the overall ADR higher. Investors targeting 2-bedroom units should plan around this more modest nightly rate when modeling returns.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
$147 |
Two-bedroom listings generate a RevPAN of $45, reflecting the combined effect of a $147 ADR and 31% occupancy. This is below the market-wide RevPAN of $76, suggesting that other property types in Libby are capturing stronger per-night revenue after accounting for vacancy.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
$45 |
Two-bedroom properties average a 31% occupancy rate, falling well below the market-wide 39% average. This lower fill rate may point to oversupply at that size relative to demand, or it could signal that guests in this market prefer larger accommodations for group-oriented outdoor trips.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
31% |
Two-bedroom units earn an average of $2,038 per month, slightly below the overall market average of $2,517. Investors considering this property size should be aware that the gap likely widens during peak summer months when larger properties can command premium rates for family and group stays.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
$2,038 |
At $24,462 in average annual revenue, 2-bedroom properties trail the market-wide average of $30,212 by roughly $5,750 per year. This gap underscores that while 2-bedrooms are the most visible segment, investors may find stronger return potential with larger or more differentiated property types.
| Size | Trend | Value |
|---|---|---|
| 2 bedrooms |
|
$24,462 |
Every listing in Libby offers a kitchen (100%), and parking is nearly universal at 94%, reflecting the car-dependent, rural nature of the market. Outdoor-oriented amenities like BBQ grills (59%), backyards (53%), and patios (53%) are prevalent, signaling that guests expect a homey, nature-forward experience — while hot tubs (12%) and lake access (6%) remain rare differentiators that could help a property stand out.
| Amenity | Trend | Value |
|---|---|---|
| Kitchen |
|
100% |
| Parking |
|
94% |
| Washer |
|
88% |
| Dryer |
|
82% |
| Self Check-in |
|
71% |
| BBQ Grill |
|
59% |
| Backyard |
|
53% |
| Patio or Balcony |
|
53% |
| Outdoor Furniture |
|
47% |
| Workspace |
|
35% |
| Pets |
|
24% |
| Hot Tub |
|
12% |
| Lake Access |
|
6% |
| Gym |
|
6% |
Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.
| Factor | Libby Performance | Weight |
|---|---|---|
| Revenue-to-Price Ratio | Average | 40% |
| Occupancy Stability | Average | 30% |
| Market Growth Trend | Below average | 15% |
| Supply/Demand Balance | Above average | 15% |
Libby's ROI Score of 54 out of 100 places it in the 'Competitive Opportunity' band, meaning the fundamentals are workable but require careful deal selection. The market shows average revenue-to-price and occupancy stability metrics alongside a below-average growth trend, though the above-average supply/demand balance indicates room still exists for well-positioned listings. Investors should pair this data with thorough local regulatory research and conservative underwriting to account for the pronounced off-season revenue dip.
Understanding local STR regulations is essential before investing in Libby. Here's the current regulatory landscape:
Short-term rental operators in Libby, Montana may be required to obtain a local business license or STR permit before listing a property. Investors should verify current registration requirements with Lincoln County and the City of Libby, as rules in small Montana municipalities can evolve quickly.
Common restrictions that may apply to STRs in rural Montana communities include occupancy limits, noise ordinances, parking requirements, and minimum-stay provisions. Investors should also check for any HOA or deed restrictions on properties, particularly in residential neighborhoods where short-term rental activity may be subject to additional covenants.
Montana imposes a lodging facility use tax on short-term accommodations, and Lincoln County may levy additional local resort or occupancy taxes. Platforms like Airbnb often collect and remit state-level taxes automatically, but hosts should confirm local obligations are covered as well.
Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Libby can provide current regulatory guidance.
Financing an Airbnb investment in Libby requires lenders who understand STR income. Rabbu partner lenders offer:
"Over the next 12–18 months, Libby's STR market is likely to see continued supply expansion given the 189% year-over-year listing growth, though the small base of 17 listings means this figure can shift quickly. Summer months should remain the primary revenue driver, with June through August potentially sustaining ADRs in the $150–$200 range. Occupancy may face modest pressure as new listings absorb demand, and annual revenue per property could stabilize or dip slightly unless demand catches up to the expanding supply. Investors should plan conservatively, budgeting for off-season months that may generate under $1,000 in revenue."
— Rabbu Market Analysis Team
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.
Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Apr, 27 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 may have shifted since the reporting period. Local regulations, permit requirements, and tax obligations vary and should be independently verified before making investment decisions.
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