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  1. Home
  2. /Browse ZIP Codes
  3. /Montana
  4. /Boulder, MT - 59632

Boulder, MT—59632

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$351,000
5.8% YoY Growth
Household Income
$62,800
45.6% YoY Growth
Days on Market
27
90.0% Longer YoY
Home Price Forecast
1.0%
Median Rent
$1,500
16.4% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
$1,500
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Boulder, MT

As of May '26, the median home price in Boulder, MT is $351,000, with a year-over-year change of 5.8%. This indicates that home prices in Boulder, MT are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$351,0005.8%
Single Family $351,0004.5%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$336,0003.4%
    3 Bed
    		$369,0005.4%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
    Loading chart...

    % of Housing Stock

    1 Bedroom
    12.7%
    2 Bedrooms
    24.7%
    3 Bedrooms
    48.2%
    4 Bedrooms
    10.8%
    5+ Bedrooms
    3.5%

    Rental Trends — Boulder, MT

    As of July '25, Rentcast reports the average rent in Boulder, MT is $1,840, with a year-over-year rent change of -16.4%. Per bedroom, the median rent as of July '25 in Boulder, MT is 3-bedrooms: $1,500, 4-bedrooms: $2,200. The most common rental property sizes in Boulder, MT are 3-bedroom and 1-bedroom, accounting for 60.4% and 19.1% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,500$1,840
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent $1,500$1,500
    4 Bed Rent $2,200$2,200
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    % of Rental Stock

    1 Bedroom
    19.1%
    2 Bedrooms
    14.2%
    3 Bedrooms
    60.4%
    4 Bedrooms
    6.2%

    Property Listings — Boulder, MT

    As of May '26, Realtor.com reports that the median days on market for a home in Boulder, MT is 27. This is a increase of 90.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$595,000-21.0%
    Listing Count
    		612.0%
    Listings as % of Homes0.5%12.0%
    Days on Market
    		2790.0%
    Loading chart...

    Demographics — Boulder, MT

    As of the latest ACS Survey released in 2023, Boulder, MT has a population of 2,540, which has increased by 57.0% over the past 5 years. Boulder, MT is a moderately popular place for families, as children make up 19.6% of the population. The area has a moderately educated workforce, with 28.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.8% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		2,54057.0%
    % Under 18
    		19.6%14.0%
    % Seniors
    		15.0%-37.5%
    % WFH
    		13.8%263.2%
    % w/ College Degree
    		28.7%67.8%
    Loading chart...

    As of the latest ACS Survey released in 2023, Boulder, MT is a predominantly white area, with 88.1% of the population identifying as white. The white population has grown by 7.0% in the last 5 years. The second most common race or ethnicity in Boulder, MT is hispanic, making up 3.9% of the population. Foreign-born residents account for 0.9% of the population in Boulder, MT, and this percentage has increased by 125.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		88.1%7.0%
    % Black
    		0.0%N/A
    % Hispanic
    		3.9%-54.7%
    % Asian
    		0.9%800.0%
    % Foreign Born
    		0.9%125.0%
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    Mortgage and Risk — Boulder, MT

    According to HUD data as of 2023, there were 83 mortgage originations in Boulder, MT, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Boulder, MT. Investor activity is low, as 0.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		83
    % Conventional Loans
    		81.0%
    % Government Loans
    		19.0%
    % Investor Loans
    		0.0%
    % Second Loans
    		4.0%
    % Cash Out Refinance
    		8.0%
    Loading chart...
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    Rentals and Section 8 — Boulder, MT

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

    Section 8 Market Size

    Total Units under HUD
    		42
    Total Units Section 8
    		42
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		83.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$880
    2 BedroomN/AN/A$1,150
    3 Bedroom$110$1,500$1,610
    4 Bedroom-$370$2,200$1,830

    Affordability — Boulder, MT

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.7
    Median Home Price$351,000
    Median Household Income$62,800

    Boulder, MT — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Jefferson City

    59638

    Clancy, MT

    59634

    Cardwell, MT

    59721

    Whitehall, MT

    59759

    Bernice

    59631

    Frequently Asked Questions