Bozeman, MT—59718
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 $642,000, with a year-over-year change of -3.8%. 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 | $642,000 | -3.8% |
| Single Family | $721,000 | -3.9% |
| Condos | $459,000 | -4.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $362,000 | -6.9% |
2 Bed | $428,000 | -3.6% |
3 Bed | $608,000 | -3.6% |
4 Bed | $854,000 | -3.7% |
| 5 Bed | $1,105,000 | -3.4% |
% of Housing Stock
Rental Trends — Bozeman, MT
As of July '25, Rentcast reports the average rent in Bozeman, MT is $2,420, with a year-over-year rent change of -3.2%. Per bedroom, the median rent as of July '25 in Bozeman, MT is studios: $1,780, 1-bedrooms: $1,830, 2-bedrooms: $1,930, 3-bedrooms: $2,650, 4-bedrooms: $3,910. The most common rental property sizes in Bozeman, MT are 2-bedroom and 3-bedroom, accounting for 46.1% and 33.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,250 | $2,420 |
| Studio Rent | $1,650 | $1,780 |
| 1 Bed Rent | $1,800 | $1,830 |
| 2 Bed Rent | $1,850 | $1,930 |
| 3 Bed Rent | $2,600 | $2,650 |
| 4 Bed Rent | $3,700 | $3,910 |
% 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 73. This is a increase of 14.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $690,000 | -8.0% |
Listing Count | 363 | 8.0% |
| Listings as % of Homes | 1.0% | 8.0% |
Days on Market | 73 | 14.0% |
Demographics — Bozeman, MT
As of the latest ACS Survey released in 2023, Bozeman, MT has a population of 43,800, which has increased by 21.8% over the past 5 years. Bozeman, MT is a moderately popular place for families, as children make up 18.8% of the population. The area has a highly educated workforce, with 56.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 43,800 | 21.8% |
% Under 18 | 18.8% | -8.3% |
% Seniors | 12.5% | 26.3% |
% WFH | 17.4% | 171.9% |
% w/ College Degree | 56.8% | 8.4% |
As of the latest ACS Survey released in 2023, Bozeman, MT is a predominantly white area, with 89.1% of the population identifying as white. The white population has shrunk by 2.7% in the last 5 years. The second most common race or ethnicity in Bozeman, MT is hispanic, making up 4.8% of the population. Foreign-born residents account for 4.3% of the population in Bozeman, MT, and this percentage has increased by 59.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 89.1% | -2.7% |
% Black | 0.4% | 100.0% |
% Hispanic | 4.8% | 20.0% |
% Asian | 1.4% | -17.6% |
% Foreign Born | 4.3% | 59.3% |
Mortgage and Risk — Bozeman, MT
According to HUD data as of 2023, there were 724 mortgage originations in Bozeman, MT, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Bozeman, MT. Investor activity is low, as 1.0% 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 | 724 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 1.0% |
% Second Loans | 6.0% |
% 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 | 122 |
Total Units Section 8 | 122 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 74.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$90 | $1,800 | $1,710 |
| 2 Bedroom | $350 | $1,850 | $2,200 |
| 3 Bedroom | $480 | $2,600 | $3,080 |
| 4 Bedroom | -$60 | $3,700 | $3,640 |
Affordability — Bozeman, MT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.7 |
| Median Home Price | $642,000 |
| Median Household Income | $91,900 |