Columbus, MT

  • Overview
  • Performance
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Key Performance Metrics

Market snapshot

Performance indicators for the Columbus short-term rental market based on reliable data.

Listings

9 / 23

Reliable / Active

Cap Rate

2%

Middle-Earners Gross Yield

Revenue

$9,561

Middle-Earners Revenue

Occupancy

42%

Middle-Earners Occupancy

Home Value

$459,382

Median Home Sale Price

Top Earners

$40,936

Top-Earners Revenue

Columbus

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Columbus.

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A

Very Investor friendly

Columbus Regulations

Short‑term rentals are allowed citywide with no Columbus‑specific STR ordinance, no identified caps, and only minimal compliance (state lodging tax registration and optional local business license), creating a compliance‑light, highly investor‑friendly environment.

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About Columbus

Columbus is a small town of roughly 1,800 residents in Stillwater County, in south-central Montana. It sits along Interstate 90, about 40 miles west of Billings, the state's largest city, and serves as a handy rest stop and launching point for travelers heading south into the Beartooth Mountains and the surrounding high country. The town has a laid-back, rural Western character shaped by ranching and the Stillwater River, which flows past the main strip and gives the community its name.

The Stillwater River, which runs right through Columbus, is widely regarded as one of Montana's premier blue-ribbon trout streams. Anglers travel from across the country to fish its waters for rainbow and brown trout, and the river offers public access points near town as well as stretches of canyon country further upstream. Floating and wade fishing draw visitors from spring through late fall, making the river a consistent draw for the local tourism economy.

To the south of Columbus rise the Beartooth Mountains and the Absaroka-Beartooth Wilderness, a vast expanse of alpine terrain featuring granite peaks, high plateaus, and numerous glacial lakes. The wilderness offers hiking, backpacking, and wildlife viewing, with grizzly bears, elk, and bighorn sheep among the resident species. Most visitors access this country through the town of Red Lodge, about an hour's drive south, where the famous Beartooth Highway begins its climb toward the high country.

Red Lodge itself is a well-preserved historic mining town that has become a year-round mountain destination. Its brick-fronted Main Street is lined with restaurants, galleries, and shops, and the surrounding slopes host skiing at Red Lodge Mountain in winter and mountain biking and hiking in summer. The town sits at the foot of the Beartooth Highway, which has been called one of the most scenic drives in North America, climbing to more than 10,000 feet before descending into the northeast corner of Yellowstone National Park on the Wyoming border.

Although Yellowstone lies roughly 100 miles to the south, Columbus is frequently used as an overnight stop for travelers taking the Beartooth Highway route into the park, especially in summer when the alpine meadows bloom with wildflowers. The combination of interstate convenience and proximity to some of Montana's most celebrated outdoor destinations makes Columbus a natural base for short-term rentals catering to anglers, road-trippers, and adventure travelers looking for an authentic small-town Montana experience within easy reach of Billings, Red Lodge, and the greater Yellowstone ecosystem.

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