Roundup, MT

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

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

Listings

14 / 23

Reliable / Active

Cap Rate

4%

Middle-Earners Gross Yield

Revenue

$9,415

Middle-Earners Revenue

Occupancy

44%

Middle-Earners Occupancy

Home Value

$238,017

Median Home Sale Price

Top Earners

$22,796

Top-Earners Revenue

Roundup

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Roundup.

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A

Very Investor friendly

Roundup Regulations

Roundup permits STRs citywide, treating them as standard rentals with no city-specific STR permit; investors need only simple business registration, zoning confirmation, and standard lodging taxes. No caps or strict rules exist, and the city’s tourism support and reliance on general codes create a low‑barrier environment.

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About Roundup

Roundup is a small city in central Montana and serves as the county seat of Musselshell County. With a population of roughly 1,800 residents, it carries the unhurried, workaday character of a traditional Montana ranching town, where cattle country, big skies, and the winding Musselshell River shape daily life. The community has roots stretching back to the open-range era and remains closely tied to the surrounding agricultural landscape. It sits about 55 miles northeast of Billings, the nearest major city, with the drive typically taking just under an hour along Highway 87. Because of that proximity, Roundup often functions as a quiet base for travelers who want to experience small-town Montana without being far from an airport and a full range of urban services.

The Musselshell River itself is one of the defining features of the area, flowing through town and offering opportunities for fishing, floating, and riverside walks. The river valley provides a peaceful setting that contrasts with the more dramatic terrain found elsewhere in the state, and travelers passing through frequently stop to enjoy the slower pace. North and west of Roundup, the rolling grasslands give way to the Bull Mountains and the broken country that fronts the Missouri River breaks, a region appreciated by hunters, wildlife watchers, and anyone drawn to wide-open landscapes.

A major draw within reasonable driving distance is the Charles M. Russell National Wildlife Refuge, a vast expanse of prairie, badlands, and river bottomland that straddles the Missouri River north of Roundup. The refuge spans more than a million acres and is known for populations of elk, mule deer, pronghorn, bighorn sheep, and a variety of raptors, and it is roughly a 90-minute to two-hour drive from town depending on which access point visitors head toward. Closer to Billings, Pompeys Pillar National Monument preserves the sandstone outcrop famous for William Clark's signature from the Lewis and Clark Expedition, sitting about an hour and a half to the east of Roundup when paired with the drive from Billings.

The region's ranching heritage is also visible at a local level through small community institutions and seasonal events such as rodeos and county fairs, which give visitors a sense of the working agricultural traditions that still define Musselshell County. Roundup's combination of genuine small-town character, easy access to Billings, and proximity to some of Montana's most iconic outdoor spaces makes it an appealing base for short-term rentals. Guests who stay there can spend their days exploring wildlife refuges, river breaks, and historical monuments, then return to a quiet community where the pace of the old west still lingers.

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