Bozeman, MT—59715
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Bozeman, MT
Home Price Trends — Bozeman, MT
As of Oct '25, the median home price in Bozeman, MT is $848,000, with a year-over-year change of -3.1%. This indicates that home prices in Bozeman, MT are decreasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $848,000 | -3.1% |
| Single Family | $906,000 | -3.4% |
| Condos | $520,000 | -4.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $501,000 | -6.9% |
2 Bed | $625,000 | -3.4% |
3 Bed | $827,000 | -2.9% |
4 Bed | $1,023,000 | -2.4% |
| 5 Bed | $1,151,000 | -3.4% |
% of Housing Stock
Rental Trends — Bozeman, MT
As of July '25, Rentcast reports the average rent in Bozeman, MT is $2,370, with a year-over-year rent change of 3.5%. Per bedroom, the median rent as of July '25 in Bozeman, MT is studios: $1,550, 1-bedrooms: $1,730, 2-bedrooms: $1,850, 3-bedrooms: $2,780, 4-bedrooms: $3,580. The most common rental property sizes in Bozeman, MT are 2-bedroom and 1-bedroom, accounting for 42.1% and 21.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $2,370 |
| Studio Rent | $1,350 | $1,550 |
| 1 Bed Rent | $1,650 | $1,730 |
| 2 Bed Rent | $1,750 | $1,850 |
| 3 Bed Rent | $2,700 | $2,780 |
| 4 Bed Rent | $3,500 | $3,580 |
% of Rental Stock
Property Listings — Bozeman, MT
As of Oct '25, Realtor.com reports that the median days on market for a home in Bozeman, MT is 85. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,420,000 | 17.0% |
Listing Count | 219 | -5.0% |
| Listings as % of Homes | 0.8% | -5.0% |
Days on Market | 85 | 0.0% |
Demographics — Bozeman, MT
As of the latest ACS Survey released in 2023, Bozeman, MT has a population of 39,300, which has increased by 11.2% over the past 5 years. Bozeman, MT is a less popular place for families, as children make up 14.5% of the population. The area has a highly educated workforce, with 67.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 39,300 | 11.2% |
% Under 18 | 14.5% | -8.2% |
% Seniors | 13.8% | 8.7% |
% WFH | 15.7% | 67.0% |
% w/ College Degree | 67.7% | 10.8% |
As of the latest ACS Survey released in 2023, Bozeman, MT is a predominantly white area, with 86.6% of the population identifying as white. The white population has shrunk by 4.3% in the last 5 years. The second most common race or ethnicity in Bozeman, MT is hispanic, making up 4.7% of the population. Foreign-born residents account for 5.0% of the population in Bozeman, MT, and this percentage has decreased by 5.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 86.6% | -4.3% |
% Black | 1.0% | 66.7% |
% Hispanic | 4.7% | 51.6% |
% Asian | 2.0% | 0.0% |
% Foreign Born | 5.0% | -5.7% |
Mortgage and Risk — Bozeman, MT
According to HUD data as of 2023, there were 426 mortgage originations in Bozeman, MT, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 6.0% above 90% LTV (normal). This implies small mortgage risk in Bozeman, MT. Investor activity is low, as 3.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 426 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 3.0% |
% Second Loans | 8.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Bozeman, MT
Bozeman, MT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 497 |
Total Units Section 8 | 444 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 83.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$290 | $1,650 | $1,360 |
| 2 Bedroom | -$10 | $1,750 | $1,740 |
| 3 Bedroom | -$260 | $2,700 | $2,440 |
| 4 Bedroom | -$620 | $3,500 | $2,880 |
Affordability — Bozeman, MT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9.6 |
| Median Home Price | $848,000 |
| Median Household Income | $85,000 |