Anaconda, Montana Short-Term Rental Market
Anaconda, MT STR market shows 4,408 listings at 42.9% occupancy and $158 ADR in April 2026.
Quick Answer: Anaconda, Montana is an active short-term rental market. average occupancy in the Montana Area market area is 57%. average monthly revenue in the Montana Area market area is $3,539. average daily rate in the Montana Area market area is $218. the top operator in the Montana Area market area is Evolve with 167 listings. market score is 53/100 (grade D).
Market data reflects the Montana Area regional market, which includes Anaconda. Regulations, taxes, and permit details below are specific to Anaconda.
Market Score Breakdown
Five dimensions StaySTRA evaluates per market.
Market Overview
Anaconda, Montana is a former copper-smelting town of 9,525 residents at the base of the Pintler Mountains in southwest Montana. Its tourism identity is built on outdoor recreation, mining-era heritage, and its designation as a Continental Divide Trail Gateway Community. The short-term rental market serves hikers, skiers, golfers, and anglers drawn to Discovery Ski Area, the Jack Nicklaus-designed Old Works Golf Course, and the Anaconda-Pintler Wilderness.
The April 2026 data snapshot covers 4,408 active listings (a geographic market area that extends across the broader southwest Montana region including Red Lodge). Occupancy for April was 42.9%, average daily rate was $158, and RevPAR was $67.92. Average revenue per listing was $1,790 for the month. Year-over-year, ADR grew 2.8%, revenue increased 2.0%, and occupancy was essentially unchanged (+0.16 percentage points).
Entire-place listings dominate at 4,124 of 4,408 total units (94%). Private rooms account for the remaining 284 listings. The bedroom distribution skews toward smaller units: 1,525 one-bedroom listings lead the market, followed by 1,256 two-bedroom and 955 three-bedroom properties. Larger vacation homes make up a smaller share: 422 four-bedroom and 237 five-or-more-bedroom listings. The Airbnb channel leads distribution with 2,126 Airbnb-exclusive listings; 1,823 appear on both Airbnb and VRBO; 459 list exclusively on VRBO.
The market composite score of 52.9 reflects a smaller, seasonal market. Investability scores 71.2 and regulation scores 70.4, both above average for the composite, reflecting the permissive regulatory environment. Revenue growth at 56.7 and rental demand at 62.7 indicate a stable but not fast-growing market.
Seasonal Patterns
| Month | Occupancy |
|---|---|
| Jan | 38% |
| Feb | 46% |
| Mar | 46% |
| Apr | 43% |
| May | 52% |
| Jun | 64% |
| Jul | 66% |
| Aug | 59% |
| Sep | 52% |
| Oct | 45% |
| Nov | 47% |
| Dec | 42% |
Month-by-month nightly rates and revenue figures for Anaconda are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Top Short-Term Rental Operators in Montana Area market area
Ranked by total active listings. Useful for understanding the competitive landscape. Operator data is published for the Montana Area market as a whole, which includes Anaconda, so these counts are not Anaconda-only figures.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | Evolve | 167 | 7,613 | ★ 4.84 |
| 2 | AAA Red Lodge Rentals | 45 | 3,512 | ★ 4.92 |
| 3 | Red Lodge Reservations | 32 | 1,818 | ★ 4.89 |
| 4 | Alpine Basin Homes | 30 | 881 | ★ 4.95 |
| 5 | Anaconda Pintler Property Services | 30 | 713 | ★ 4.95 |
What Kind of STR Should I Buy in Anaconda?
Revenue and nightly-rate breakdowns by bedroom count, property tier, and dwelling type for Anaconda are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 48.2% |
| vrbo | 10.4% |
| both | 41.4% |
Home Value Trends (Anaconda)
Typical home values, median sale prices, and the 10-year price trend for Anaconda are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Insights
Booking-window and length-of-stay analysis for Anaconda — how far ahead guests book and how to price around it — is available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Short-Term Rental Regulations
Anaconda-Deer Lodge County operates under a consolidated city-county government and has no dedicated short-term-rental ordinance. STRs are treated as a general lodging or business use subject to the county’s existing zoning and development-permit framework. Operators must confirm their property’s zoning district permits lodging or rental use through the ADLC Planning Department, and must obtain a standard county business license.
At the state level, Montana requires STR operators to hold a Public Accommodation License issued by the Montana Department of Public Health and Human Services (DPHHS). Operators must also register with the Montana Department of Revenue to collect and remit the 8% combined state lodging tax on stays under 30 days (4% Lodging Facility Use Tax plus 4% Lodging Facility Sales Tax).
Anaconda is not one of Montana’s designated resort-tax communities and exceeds the population threshold for resort-tax eligibility, so no additional local resort or room tax applies beyond the state’s 8%.
There is no night cap, no owner-occupancy requirement, no primary-residence requirement, and no STR-specific permit fee or renewal cycle. Enforcement is rated minimal given the absence of STR-specific rules. The primary compliance obligations are state licensing, tax registration, and a zoning-district confirmation.
No STR-specific regulatory changes were identified for Anaconda as of the June 2026 profile update.
Market Comparison
Anaconda’s 42.9% occupancy in April 2026 is below the US short-term rental median of approximately 55%, which is expected for an off-peak month in a seasonal Montana market. The $158 ADR is below the US median of approximately $220, consistent with a smaller rural market without the coastal or major resort price premiums.
Compared to its own historical baseline, the April 2026 RevPAR of $67.92 reflects the market’s April seasonal trough. The full-year 2025 annual average occupancy of 50.0% and ADR of $183 position Anaconda as a mid-tier Montana STR market in terms of performance.
Evolve leads the local operator landscape with 167 listings and 7,613 reviews (4.84 average rating), making it the dominant professional manager in this regional market by a wide margin. AAA Red Lodge Rentals holds second with 45 listings and 3,512 reviews (4.92 rating). Red Lodge Reservations manages 32 listings (4.89 rating), while Alpine Basin Homes and Anaconda Pintler Property Services each hold 30 listings with strong ratings of 4.95 and 4.95 respectively. The top five collectively manage approximately 304 listings, about 7% of the 4,408-listing market, indicating most properties are independently operated.
Frequently Asked Questions About Anaconda, Montana
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