Manhattan, MT

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

38 / 60

Reliable / Active

Cap Rate

5%

Middle-Earners Gross Yield

Revenue

$33,444

Middle-Earners Revenue

Occupancy

62%

Middle-Earners Occupancy

Home Value

$679,890

Median Home Sale Price

Top Earners

$69,285

Top-Earners Revenue

Manhattan

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Manhattan.

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A

Very Investor friendly

Manhattan Regulations

Manhattan allows STRs citywide with no local caps; they’re treated as a standard business. Operators need a town business license, state Public Accommodation License, and lodging tax registration, but these are straightforward and typical, with a supportive tone and no restrictive STR‑specific rules.

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About Manhattan

Manhattan is a small town in Gallatin County, Montana, nestled in the Gallatin Valley with a population of roughly 1,500 to 1,700 residents. The community has a quiet, agricultural character, ringed by hay fields and pastureland and backed by the dramatic rise of the Bridger Mountains to the east. Often described as a gateway between the larger hubs of the Yellowstone region, Manhattan offers a slower rural pace of life while sitting within easy reach of the area's most popular outdoor and cultural destinations. The nearest major city is Bozeman, located approximately 20 to 25 miles to the southeast.

The Bridger Mountains rise just east of town and serve as the defining backdrop of the area. Locals and visitors come for hiking in the summer and skiing at Bridger Bowl in the winter, with trailheads and the ski area base roughly 20 to 30 minutes from Manhattan's center.

Missouri Headwaters State Park lies about 25 to 30 miles to the west, near the town of Three Forks. This is the historic site where the Jefferson, Madison, and Gallatin rivers converge to form the Missouri River, a location of considerable significance along the Lewis and Clark expedition route. The park offers interpretive displays, fishing access, and riverside picnic spots.

Lewis and Clark Caverns State Park is roughly an hour's drive east, reached by traveling through the Jefferson River Canyon. It is one of the most decorated limestone cave systems in the Northern Rockies, and the surrounding parkland is laced with trails that climb into the Tobacco Root Mountains.

Bozeman itself, about 20 to 25 minutes south, anchors the region with the Museum of the Rockies, a walkable downtown, Montana State University, and a regional airport with direct flights to many major U.S. cities. From Manhattan, day trips extend south to Big Sky and onward to the West Yellowstone entrance of Yellowstone National Park in roughly two to two-and-a-half hours.

Manhattan appeals to short-term rental owners and visitors because it offers the small-town Montana character of an agricultural valley at a quieter, more affordable setting than Bozeman, while remaining close enough to serve as a convenient base for skiing, hiking, fishing, and sightseeing across the greater Yellowstone region.

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