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  1. Home
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  3. Montana
  4. Missoula

Missoula, Montana

Short-Term Rental Market Data & Investment Analysis

Missoula, Montana Short-Term Rental Market

Missoula, MT short-term rentals averaged $248/night at 74.2% occupancy in June 2026, revenue up 19.3% year over year.

Quick Answer: Missoula, Montana is an active short-term rental market. average occupancy in the Missoula market area is 70%. average monthly revenue in the Missoula market area is $4,444. average daily rate in the Missoula market area is $233. the top operator in the Missoula market area is MountainTown VRM with 44 listings. market score is 57/100 (grade C).

Avg Monthly Revenue
$4,444
↑ 3.9% YoY
70%
Occupancy
↓ 1.6% YoY
$233
Avg Daily Rate
↑ 7.6% YoY
66.5 days avg lead time3.5 avg length of stay

Market data reflects the wider Missoula market, which covers 2 areas. Regulations, taxes, and permit details below are specific to Missoula.

Market Score Breakdown

Five dimensions StaySTRA evaluates per market.

Regulation58
Seasonality54
Investability64
Rental Demand82
Revenue Growth76

Market Overview

Missoula, Montana is a university and outdoor-recreation hub in western Montana with a population of 79,000 and roughly 946 active short-term rental listings tracked across Airbnb and Vrbo as of the June 2026 snapshot, a comparatively small but high-demand market for its size. The city draws an estimated 3.1 million visitors annually, with about 1.1 million staying at least one night, generating roughly $360 million in total economic impact; visitors mix outdoor recreation (fly fishing, hiking, rafting), University of Montana events, and downtown arts and music. The market posted an average daily rate of $248.14 and 74.15% occupancy for the month, with a trailing average revenue per listing of about $4,910.88. Year over year, revenue is up a sharp 19.32% and occupancy is up 3.57%, even as ADR is down modestly (1.87%), pointing to strong demand growth as the main driver behind the market’s revenue gains. Average booking lead time is 96.36 days, over three months out, and average length of stay is 3.27 nights.

The market leans heavily toward smaller units: 1-bedroom listings are the largest group by far at 401 (42.43%), followed by 2-bedroom (267, 28.25%) and 3-bedroom (174, 18.41%) properties, with 4-bedroom (75, 7.94%) and 5-bedroom (28, 2.96%) units a small minority. Entire-place listings account for 865 of 946 tracked units (91.44%), with private rooms at 78 listings (8.25%) and shared rooms at 3 listings (0.32%). Platform distribution splits close to evenly: 460 listings (48.63%) are Airbnb-only, 411 (43.45%) are cross-listed on both platforms, and 75 (7.93%) are Vrbo-only.

Seasonal Patterns

Monthly seasonal data for Missoula, Montana
MonthOccupancy
Jan44%
Feb52%
Mar54%
Apr57%
May64%
Jun76%
Jul80%
Aug76%
Sep67%
Oct58%
Nov49%
Dec46%

Month-by-month nightly rates and revenue figures for Missoula are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.

Top Short-Term Rental Operators in Missoula market area

Ranked by total active listings. Useful for understanding the competitive landscape. Operator data is published for the Missoula market as a whole, which includes Missoula, so these counts are not Missoula-only figures.

#OperatorListingsReviewsRating
1MountainTown VRM443,514★ 4.94
2Plum Property Management161,180★ 4.86
3Evolve10635★ 4.84
4Vector Travel10156★ 4.41
5Stay Wild BNB81,761★ 4.86

What Kind of STR Should I Buy in Missoula?

Revenue and nightly-rate breakdowns by bedroom count, property tier, and dwelling type for Missoula 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 mix
ChannelShare
airbnb48.6%
vrbo7.9%
both43.4%

Investment Analysis

The full investment analysis for Missoula — gross-yield math against current home values, plus 5-year monthly revenue, nightly-rate, and occupancy trend charts — is available to StaySTRA Pro members and updates monthly. The figures shown elsewhere on this page are the free market snapshot.

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Home Value Trends (Missoula)

Typical home values, median sale prices, and the 10-year price trend for Missoula 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 Missoula — 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

Short-term rentals are explicitly legal in Missoula, but the city has tightened its registration regime significantly in the past two years. Any dwelling rented for fewer than 28 consecutive days to guests whose primary residence is elsewhere requires a City of Missoula Short-Term Rental Registration number, categorized as a ‘Tourist Home.’ The 2025 application fee is $636, renewed annually with registrations expiring January 31, a figure reported to represent roughly an 825% increase from prior years. There is no cap on nights, no owner-occupancy mandate, and no primary-residence requirement, so non-owner-occupied tourist homes are allowed, though operators in residential zones must complete a Neighbor Notification covering parcels one deep around the property.

Beyond city registration, hosts must obtain a Public Accommodations License from the Missoula City-County Health Department, hold a Lodging Facility Sales and Use Tax account with the Montana Department of Revenue, and complete a Safety Self-Inspection Checklist, which replaced in-person inspections in late 2024. As of December 5, 2024, Airbnb and Vrbo must verify a valid registration number is displayed before accepting bookings, a change that coincided with a surge in new registrations (roughly 160 issued between September 2024 and January 2025, versus about 25 per year in 2022 and 2023). Montana levies a combined 8.0% statewide Lodging Facility Sales and Use Tax, and Missoula adds no additional local resort or bed tax. Enforcement is rated moderate and complaint-driven; repeated violations can result in revocation of the right to operate.

Market Comparison

Missoula’s $248.14 ADR runs above the roughly $220 national median ADR, about 13% higher, and its 74.15% occupancy runs well above the commonly cited US short-term rental median of about 55%. That combination points to a market that both prices above the national average and fills at a notably higher rate, reflecting Missoula’s position as a strong outdoor-recreation and university destination relative to typical US markets.

The market is not dominated by any single large operator. MountainTown VRM leads with 44 listings, 3,514 reviews, and a 4.943 rating, the highest among the top five, followed by Plum Property Management (16 listings, 1,180 reviews, 4.862 rating). Evolve (10 listings, 4.843 rating), Vector Travel (10 listings, 4.414 rating, the lowest among the top five), and Stay Wild BNB (8 listings, 1,761 reviews, 4.859 rating) round out the top five. Together these five managers account for just 88 of the market’s roughly 946 listings, about 9.3%, indicating a largely independently managed market.

Frequently Asked Questions About Missoula, Montana

What is the average daily rate for short-term rentals in Missoula, MT?
Missoula short-term rentals average $233 per night across all listing types. Nightly-rate breakdowns by property tier are available with StaySTRA Pro.
What is the short-term rental occupancy rate in Missoula?
Missoula’s average occupancy was 74.15% in June 2026, up 3.57% year over year, with revenue up 19.32%.
Are short-term rentals legal in Missoula, Montana?
Yes. Operators need a City of Missoula Short-Term Rental Registration number ($636 for 2025, renewed annually), a Public Accommodations License, and a Montana Lodging Facility Sales and Use Tax account. Since December 2024, Airbnb and Vrbo must verify the registration number before accepting bookings.
What is the best month to operate a short-term rental in Missoula?
Occupancy in Missoula peaks in Jul (80%) and is softest in Jan (44%). Month-by-month rate and revenue figures are available with StaySTRA Pro.
How much does an STR registration cost in Missoula?
The 2025 registration fee is $636 per year, reported to represent roughly an 825% increase from prior years, with registrations expiring January 31.
Who are the largest property managers operating in Missoula?
MountainTown VRM leads with 44 listings and a 4.943 rating, followed by Plum Property Management (16 listings), Evolve (10 listings), Vector Travel (10 listings), and Stay Wild BNB (8 listings, 1,761 reviews).
What does a typical home cost in the Missoula short-term rental market?
Zillow’s typical home value was $576,302.66 as of June 2026, with a median sale price of $552,216.67 across 470 homes for sale.
Missoula, MontanaRev $4,444ADR $233Occ 70%Score C (57)

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Table of Contents

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Quick Facts: Missoula market area

Avg Daily Rate
$233
Occupancy Rate
70%
Avg Revenue/Mo
$4,444
Missoula Population
79,000

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