Livingston, MT

  • Overview
  • Performance
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Key Performance Metrics

Market snapshot

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

Listings

382 / 798

Reliable / Active

Cap Rate

7%

Middle-Earners Gross Yield

Revenue

$35,354

Middle-Earners Revenue

Occupancy

59%

Middle-Earners Occupancy

Home Value

$544,337

Median Home Sale Price

Top Earners

$84,967

Top-Earners Revenue

Livingston

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Livingston.

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B

Generally Investor friendly

Livingston Regulations

STRs are allowed citywide with only limited exclusions (Light Industrial, Capital Facilities, PUDs) and require a city permit, basic safety inspection, and either owner presence or a primary contact within 45 minutes. State licensing (Public Accommodation License) and lodging tax registration add compliance steps, but they’re straightforward, and no meaningful caps or outright bans are in the proposed framework. The biggest drivers are broad zoning allowance, manageable permitting/inspection requirements, and supportive tone, tempered by dual state and local compliance.

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About Livingston

Livingston is a small, characterful town of roughly 8,000 residents set in Park County in southwestern Montana, where the Yellowstone River winds past a historic Main Street lined with old brick storefronts. With its art galleries, fly-fishing outfitters, and a creative community that has long attracted painters, writers, and musicians, the town carries an unhurried, slightly bohemian western character. It is best known as the northernmost gateway to Yellowstone National Park and as a hub for anglers, rafters, and travelers exploring Paradise Valley. The nearest major city is Bozeman, which lies about 30 miles to the west along Interstate 90, roughly a 35-minute drive.

About an hour's drive south of Livingston, the small community of Gardiner marks the historic Yellowstone National Park Roosevelt Arch and the park's North Entrance, making Livingston a natural base for visitors who want to spend their days watching wildlife, hiking, and exploring geyser basins without the crowds that gather around the park's West and South entrances. The scenic route through Paradise Valley along the Yellowstone River is itself a draw, with the Absaroka Range rising to the east and the Gallatin Range to the west, and the Lamar Valley inside the park is considered one of the best places in North America to see wolves and large herds of bison.

A short distance further into Paradise Valley, near the community of Pray, Chico Hot Springs has been welcoming travelers for more than a century with its naturally heated outdoor pools, a rustic lodge, and a calendar of live music. The resort sits about 30 miles south of Livingston, a drive of roughly 40 minutes, and offers visitors a relaxed way to soak after a day of hiking, fishing, or skiing.

Back in town, Livingston's historic downtown is anchored by the Murray Hotel, a 1904 landmark that has hosted ranchers, traveling performers, and Hollywood crews over the decades, and by the Livingston Depot Center, a former Northern Pacific railroad stop that now houses a small museum of regional history. The Yellowstone River, which flows through the heart of town, draws anglers from around the world for its blue-ribbon trout fishing, and the surrounding hills offer hiking, horseback riding, and wildlife viewing within minutes of the city center.

Livingston makes a compelling base for short-term rentals because it offers something rare: genuine small-town Montana character paired with quick access to one of the country's most visited national parks. Visitors can spend their mornings on the river or wandering the galleries and cafes of Main Street, and by afternoon be watching bison in Lamar Valley or soaking in Chico's hot springs. That blend of authentic western town and proximity to world-class outdoor recreation supports demand through the summer road-trip season, the fall angling months, and the winter months when guests arrive to ski nearby Bridger Bowl and explore Yellowstone's snowy interior.

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