Butte, Montana Short-Term Rental Market Overview
Visitor Profile
Butte, Montana, attracts approximately 1.2 million visitors annually, drawn by its rich mining history, outdoor recreational opportunities, and cultural events. The key demographic highlights indicate that visitors primarily consist of families, outdoor enthusiasts, and history buffs, with a notable percentage of travelers aged 25-54. The primary purposes for visiting Butte include leisure activities, heritage tourism, and business travel, contributing significantly to the local economy. The tourism sector generates an estimated $200 million in economic impact, underscoring the importance of this market for local businesses and STR operators.
A comprehensive visitor analysis reveals that the annual visitor numbers have remained stable, with a slight increase of 5% over the past few years. The primary demographics show that 60% of visitors are from neighboring states, particularly Idaho and Wyoming, while 30% come from other regions across the U.S. The main reasons for visiting Butte include exploring its historic sites, such as the World Museum of Mining and attending events like the Montana Folk Festival. The average length of stay is around 2.5 nights, with peak seasons occurring during the summer months, particularly July and August, when outdoor activities are at their height. According to the tourism bureau (https://www.butteinfo.org), these trends highlight the need for STR operators to align their offerings with visitor preferences, ensuring a memorable experience that encourages repeat visits. Overall, Butte tourism statistics indicate a vibrant market that continues to evolve, presenting opportunities for growth and development in the hospitality sector.
For more information on visitor demographics and tourism statistics, visit the Butte-Silver Bow tourism website (https://www.butteinfo.org).
Top Attractions
Butte, Montana, is a treasure trove of history and culture, offering a unique blend of outdoor adventures and fascinating attractions. Known for its rich mining heritage, Butte boasts iconic sites such as the World Museum of Mining and the historic Copper King Mansion. Visitors can explore the city’s vibrant past while enjoying a variety of experiences, from engaging museums to scenic parks. Whether you’re interested in learning about Butte’s mining history or taking in the stunning views from the surrounding mountains, this city has something for everyone. Prepare to uncover the charm of Butte as you dive into its top attractions.
One of the must-visit spots is the World Museum of Mining, where you can step back in time and explore the history of mining in the region. The museum features a reconstructed mining town and offers guided tours of the underground mine, providing a hands-on experience of Butte’s mining legacy. For more information, visit their official website at www.worldmuseumofmining.org.
Another highlight is the Copper King Mansion, a beautifully restored Victorian home that showcases the opulence of Butte’s mining magnates. Guided tours reveal the mansion’s fascinating history and exquisite architecture, making it a perfect stop for history buffs. Check out their website at www.copperkingmansion.com for details.
For outdoor enthusiasts, the Butte Hill offers numerous hiking trails with breathtaking views of the city and surrounding mountains. This area is perfect for a day of exploration and enjoying the natural beauty of Montana.
Lastly, don’t miss the Butte-Silver Bow Public Archives, which houses a wealth of historical documents and artifacts that tell the story of Butte and its people. Visit their website at www.bsbpublicarchives.info for more insights.
With its rich history and diverse attractions, Butte is a destination that promises memorable experiences year-round.
Regulations
Butte, Montana, has specific regulations governing short-term rentals that property owners must understand to operate legally and successfully. These regulations are designed to ensure safety, compliance, and community standards. In Butte, property owners are required to obtain a short-term rental license, which involves submitting an application and paying a fee. Additionally, short-term rentals are subject to local taxes, including a lodging tax that must be collected from guests. Zoning restrictions may apply, limiting where short-term rentals can operate. Safety requirements, such as smoke detectors and fire extinguishers, must also be met. Understanding these regulations is crucial for property owners looking to enter the short-term rental market in Butte.
To operate a short-term rental in Butte, property owners must first obtain a short-term rental license from the city. This involves completing an application and paying the associated fees. The city enforces a lodging tax of 7% on short-term rental bookings, which owners must collect from guests and remit to the city. Zoning regulations dictate that short-term rentals are only permitted in certain residential areas, so it is essential to verify zoning compliance before proceeding. Safety requirements include having working smoke detectors and fire extinguishers on the premises. Failure to comply with these regulations can result in penalties, including fines or revocation of the rental license. For complete regulations, visit the City of Butte’s official website (https://www.butte-silverbow.us) and consult the municipal code (https://library.municode.com/mt/butte-silver_bow).
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Vacation Rental Market Overview for Butte
Butte attracts visitors with its outdoor recreation and natural beauty and urban amenities and entertainment. The short-term rental market here serves diverse traveler demographics, from business professionals to family vacationers.
This destination’s rental market offers unique opportunities for property investors, with comprehensive data revealing seasonal patterns and demand drivers.
Butte, Montana Market Performance Trends
Short-Term Rental Market Performance Analysis for Butte
The short-term rental market in Butte demonstrates dynamic pricing patterns and occupancy trends that savvy property investors and managers monitor closely. This comprehensive 12-month analysis reveals seasonal variations and revenue optimization opportunities.
Market Trend Summary
Current market indicators show: emerging growth market with increasing demand
Market data updated daily. Professional-grade analytics trusted by thousands of property managers and real estate investors.
Butte, Montana Housing Market Data
Home Value Trends
Market Overview
- Typical Home Value:$275,393
- Median Sale Price:$304,833
- Median List Price:$316,333
Current Inventory
- Homes For Sale:176
- New Listings:54
Detailed Market Analysis
Real Estate Market Analysis for Butte, Montana
The residential real estate market in Butte, Montana presents unique opportunities for investors and homebuyers alike. Current market dynamics show balanced market conditions with accessible entry points with inventory levels and pricing trends that reflect broader economic conditions and local demand factors.
Key Market Factors
Important considerations for this market include: growing population trends, economic development, and lifestyle amenities These factors contribute to the overall market performance and future growth potential.
Real estate investments in Butte, Montana benefit from diverse property options and stable neighborhood development. Prospective buyers and investors should consider both current market conditions and long-term growth indicators when evaluating opportunities in this market.
Butte, Montana Rental Market Insights
10-Year Market Growth
Booking Activity
- 1-3 Months:60.7% Booked
- 4-6 Months:61% Booked
- 7-9 Months:27.3% Booked
- 10-12 Months:0% Booked
Cancellation Policies
- Flexible:0%
- Moderate:0%
- Strict:0%
- Super Strict:0%
Minimum Stay
- 1 Day:0
- 2 Days:0
- 3 Days:0
- 4-6 Days:0
- 7-29 Days:0
- 30+ Days:0
Short-Term Rental Regulations and Booking Patterns in Butte
Butte vacation rental operators navigate specific local regulations and booking patterns that shape market dynamics. Understanding minimum stay requirements, cancellation policies, and booking windows is essential for successful property management.
Market analysis reveals seasonal policy variations maximizing revenue. These insights help property managers optimize their listing strategies and maximize occupancy.
Local regulations and platform policies influence rental operations. StaySTRA provides comprehensive policy tracking and compliance insights.
Butte, Montana Rental Market Composition
Entire Place by Beds
Common Rental Amenities
Amenity data is not available for this location.
Vacation Rental Property Types in Butte
The vacation rental market in Butte features a diverse mix of property types, from cozy studios to spacious family homes. Understanding the property composition helps investors identify market gaps and opportunities.
Market characteristics include diverse property sizes from studios to large homes. This distribution reflects local demand patterns and traveler preferences.
Premium amenities and guest ratings play a crucial role in rental performance, with data showing clear correlations between specific features and booking rates.
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