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

Sheridan Short-Term Rental Market Overview

Sheridan, MT is a micro-market with just 6 active Airbnb listings, offering a rare low-competition environment in Montana's Ruby Valley. With an average daily rate of $179—well below the $443 state average—and average annual revenue of $45,021, this small-town market caters to a niche audience drawn to Montana's rural charm. Occupancy sits at 26%, roughly half the state average, which signals highly seasonal demand and a market best suited for investors comfortable with pronounced revenue swings.

Key Market Statistics

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

Data sources: Rabbu proprietary analytics as of Apr, 27 2026.

Why Investors Consider Sheridan

Sheridan's appeal lies in its virtually nonexistent competition and Montana's growing reputation as a destination for outdoor recreation and remote-work retreats.

Expert Market Assessment

"Sheridan presents a speculative but intriguing opportunity for investors who value minimal competition over high volume. The market's pronounced seasonality—peaking at $8,483 in March and bottoming near $899 in May—means cash-flow planning must account for several lean months each year. With just 6 listings and an average annual revenue of $45,021, the economics could work well for an investor who acquires property at a modest price point and operates with low overhead. This is a niche play rather than a high-yield powerhouse, best suited for those already invested in the Ruby Valley area or seeking a lifestyle-adjacent rental asset."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Sheridan

Average revenue by month in Sheridan

Sheridan's revenue cycle is heavily seasonal, peaking in March at $8,483 and February at $8,012—likely driven by winter recreation—before dropping sharply to just $899 in May. A secondary summer bump in July ($4,613) and August ($3,761) provides some mid-year relief, but investors should plan for five to six months of revenue below $2,500.

Active Airbnb listings by property size in Sheridan

Property size distribution data is not currently available for Sheridan due to the extremely small number of active listings. With only 6 total listings in the market, breakdowns by bedroom count are not statistically meaningful at this time.

Average daily rate (ADR) by property size in Sheridan

ADR data by property size is not available for Sheridan's micro-market. The overall market ADR of $179 provides the best current benchmark for investors evaluating potential nightly rates.

Average RevPAN by property size in Sheridan

RevPAN breakdowns by property size are unavailable given the limited listing inventory. The market-wide RevPAN of $46 reflects the combined effect of the $179 ADR and 26% occupancy rate.

Average occupancy rates by property size in Sheridan

Occupancy data by bedroom count is not currently reported for Sheridan. The market-wide 26% average occupancy suggests that most properties experience significant vacancy, particularly during shoulder and off-peak months.

Average monthly revenue by property size in Sheridan

Monthly revenue by property size is not available for this market. The overall average of $3,751 per month serves as the primary reference point, though actual performance will vary widely by season.

Average annual revenue by property size in Sheridan

Annual revenue data by property size is not broken out for Sheridan. The market average of $45,021 per year provides a baseline, but investors should weigh this against acquisition costs and seasonal cash-flow variability.

Most common amenities for Airbnb listings in Sheridan

Every listing in Sheridan offers a backyard, kitchen, parking, and self check-in—setting a clear baseline for guest expectations in this rural market. BBQ grills, outdoor furniture, patios, and laundry facilities appear in 83% of listings, while hot tubs, pet-friendliness, and waterfront access (each at 17%) could serve as strong differentiators for new entrants looking to stand out.

Short-Term Rental Regulations in Sheridan

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

Permit Requirements

Sheridan, Montana may require short-term rental operators to obtain a permit or register with local authorities before listing a property. Investors should verify current requirements directly with Madison County and the Town of Sheridan, as rules in small Montana communities can change with limited public notice.

Key Restrictions

Common restrictions that may apply include occupancy limits, noise ordinances, parking requirements, and minimum-stay rules. HOA covenants—where applicable—can also impose additional limitations on short-term rental activity, so reviewing any deed restrictions before purchasing is essential.

Tax Obligations

Montana levies a lodging facility use tax on short-term rentals, and operators may also owe local resort or tourism taxes depending on the jurisdiction. Major booking platforms often collect and remit state-level taxes automatically, but hosts should confirm local obligations with a tax professional.

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

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Sheridan's STR performance is expected to remain closely tied to seasonal patterns, with the strongest demand concentrated in the winter months of February and March and a secondary summer bump in July. Investors should anticipate occupancy hovering in the 25–30% range annually, with potential ADR increases of 2–5% as Montana's rural tourism continues to grow modestly. The extremely limited supply of just 6 listings means even a small uptick in visitor interest could meaningfully lift individual property performance, though off-season months like May and November will likely remain soft."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Sheridan, MT

What is the average Airbnb occupancy rate in Sheridan?

The average occupancy rate for Airbnb listings in Sheridan, MT is currently 26%, which is below the Montana state average of 47%. This reflects the highly seasonal nature of demand in this small rural market, with stronger bookings during winter and summer months and quieter shoulder seasons.

How much do Airbnb hosts make in Sheridan?

On average, Airbnb hosts in Sheridan earn approximately $3,751 per month, which translates to roughly $45,021 in average annual revenue based on trailing 12-month booking data. Revenue varies significantly by season, with the strongest months (February and March) bringing in over $8,000, while slower months like May may dip below $1,000.

Is Sheridan a good market for Airbnb investment?

Sheridan can be an appealing market for the right investor. With only 6 active listings, competition is extremely limited, and Montana's growing appeal for outdoor recreation and rural getaways supports long-term demand. However, occupancy is well below the state average at 26%, so investors need to be comfortable with seasonal revenue swings and should target a low acquisition cost to ensure the numbers work.

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

The average daily rate for Airbnb listings in Sheridan is $179, which is significantly lower than the Montana state average of $443. This more accessible price point reflects the market's small-town positioning and can help attract budget-conscious travelers seeking an authentic Montana experience.

Are short-term rentals legal in Sheridan?

Short-term rentals are generally permitted in Sheridan, MT, though operators should check with the Town of Sheridan and Madison County for any permit, registration, or zoning requirements that may apply. Montana also imposes a statewide lodging facility use tax on short-term rentals, so hosts need to ensure they are in compliance with both state and local regulations.

When is peak season for Airbnb in Sheridan?

Peak season in Sheridan falls during the winter months, with March ($8,483 average revenue) and February ($8,012) leading the way—likely driven by ski and snowmobile tourism. A secondary peak occurs in July ($4,613) during summer outdoor recreation season. The slowest months are May ($899) and November ($1,130).

How many Airbnbs are there in Sheridan?

As of April 2026, there are 6 active Airbnb listings in Sheridan, MT. This makes it one of the smallest STR markets in Montana, which means very limited competition but also limited comparable data for forecasting.

How is Airbnb revenue calculated in Sheridan?

The annual and monthly revenue figures for Sheridan are derived from the trailing 12 months of historical booking performance for active comparable Airbnb listings in the market—not a forward-looking projection. 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 the figures to what hosts have actually earned recently, while naturally reflecting seasonal peaks and slower months because each month uses its own historical performance. 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 for the Sheridan, MT market
• Trailing 12-month occupancy, ADR, and RevPAN trends based on actual booking data
• Monthly and annual revenue metrics derived from comparable active listings
• Amenity prevalence data across current Airbnb listings in the market
• Data sourced from Rabbu proprietary analytics and aggregated for consistency

Sources and disclaimers

Rabbu proprietary analytics as of Apr, 27 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. With only 6 active listings, market-level averages may be significantly influenced by individual property performance and should be interpreted with caution. Local regulations and tax obligations can change; investors should verify current requirements with municipal and county authorities before purchasing.