Manhattan, MT 59741 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Manhattan, MT—59741

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$645,000

0.6% YoY Growth

Household Income

$86,400

35.9% YoY Growth

Days on Market

8.0% Shorter YoY

Home Price Forecast

2.0%

Median Rent

$2,500

14.1% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$1,500

18.9% YoY Growth

3-Bed Rent

$2,500

11.7% YoY Growth

Home Price Trends — Manhattan, MT

As of Dec '25, the median home price in Manhattan, MT is $645,000, with a year-over-year change of 0.6%. This indicates that home prices in Manhattan, MT are flat. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$645,000	0.6%
Single Family	$661,000	0.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Manhattan, MT

As of July '25, Rentcast reports the average rent in Manhattan, MT is $2,440, with a year-over-year rent change of -14.1%. Per bedroom, the median rent as of July '25 in Manhattan, MT is 2-bedrooms: $1,500, 3-bedrooms: $2,500, 4-bedrooms: $3,220. The most common rental property sizes in Manhattan, MT are 3-bedroom and 1-bedroom, accounting for 30.5% and 26.3% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,500	$2,440
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$1,500	$1,500
3 Bed Rent	$2,500	$2,500
4 Bed Rent	$2,900	$3,220

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% of Rental Stock

Studio

10.8%

1 Bedroom

26.3%

2 Bedrooms

20.3%

3 Bedrooms

30.5%

4 Bedrooms

11.4%

5+ Bedrooms

0.6%

Property Listings — Manhattan, MT

As of Dec '25, Realtor.com reports that the median days on market for a home in Manhattan, MT is 81. This is a decrease of -2.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 14.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$915,000	7.0%
Listing Count	26	-11.0%
Listings as % of Homes	0.7%	-11.0%
Days on Market	92	-8.0%

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Demographics — Manhattan, MT

As of the latest ACS Survey released in 2023, Manhattan, MT has a population of 5,640, which has increased by 22.0% over the past 5 years. Manhattan, MT is a popular place for families, as children make up 27.8% of the population. The area has a moderately educated workforce, with 35.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	5,640	22.0%
% Under 18	27.8%	4.1%
% Seniors	19.1%	6.1%
% WFH	11.9%	20.2%
% w/ College Degree	35.8%	12.6%

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As of the latest ACS Survey released in 2023, Manhattan, MT is a predominantly white area, with 93.2% of the population identifying as white. The white population has shrunk by 1.9% in the last 5 years. The second most common race or ethnicity in Manhattan, MT is hispanic, making up 2.3% of the population. Foreign-born residents account for 1.1% of the population in Manhattan, MT, and this percentage has decreased by 26.7% 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	93.2%	-1.9%
% Black	0.0%	N/A
% Hispanic	2.3%	-25.8%
% Asian	0.3%	∞%
% Foreign Born	1.1%	-26.7%

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Mortgage and Risk — Manhattan, MT

According to HUD data as of 2023, there were 78 mortgage originations in Manhattan, MT, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Manhattan, MT. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	78
% Conventional Loans	79.0%
% Government Loans	21.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	14.0%

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Rentals and Section 8 — Manhattan, MT

Manhattan, MT lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	8
Total Units Section 8	8
% Rentals under Section 8	N/A
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,660
2 Bedroom	$630	$1,500	$2,130
3 Bedroom	$480	$2,500	$2,980
4 Bedroom	$620	$2,900	$3,520

Manhattan, MT—59741

Key Metrics at a Glance

Home Price Trends — Manhattan, MT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Manhattan, MT

% of Rental Stock

Property Listings — Manhattan, MT

Demographics — Manhattan, MT

Race and Ethnicity

Mortgage and Risk — Manhattan, MT

Mortgages

Rentals and Section 8 — Manhattan, MT

Section 8 Market Size

Section 8 Opportunity

Affordability — Manhattan, MT

Home Price to Income Ratio

Manhattan, MT — ZIP Code Boundary Map

Nearby ZIP Codes

Three Forks, MT

Bozeman, MT

Willow Creek

Belgrade, MT

Bozeman, MT

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	7.1
Median Home Price	$645,000
Median Household Income	$86,400

Manhattan, MT—59741

Key Metrics at a Glance

Home Price Trends — Manhattan, MT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Manhattan, MT

% of Rental Stock

Property Listings — Manhattan, MT

Demographics — Manhattan, MT

Race and Ethnicity

Mortgage and Risk — Manhattan, MT

Mortgages

Rentals and Section 8 — Manhattan, MT

Section 8 Market Size

Section 8 Opportunity

Affordability — Manhattan, MT

Home Price to Income Ratio

Manhattan, MT — ZIP Code Boundary Map

Nearby ZIP Codes

Three Forks, MT

Bozeman, MT

Willow Creek

Belgrade, MT

Bozeman, MT

Frequently Asked Questions

What is the average home price in Manhattan, MT 59741?

How have home prices in Manhattan, MT 59741 changed over the past year?

What is the home price projection for Manhattan, MT 59741?

What are the demographics of Manhattan, MT 59741?

How long does it take homes to sell in Manhattan, MT 59741?

What is the average rent price in Manhattan, MT 59741?