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Bozeman, MT

Full City Profile · Montana · Gallatin County County

3.6 /5.0
B+ Good
55,042 Population 2,571/sq mi density
$79,903 Median Income $48,994 per capita
$614,900 Home Value $715,781 Zillow
$1,611 Median Rent 31.2% income on rent
44°F Avg Temperature 276 sunny days/yr
B+
Overall
3.6 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.6 / 5.0
$79,903 median income, 2.2% unemployment
C
Affordability
2.3 / 5.0
$614,900 home value, $1,611/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
A+
Education
5.0 / 5.0
65.1% bachelor's degree or higher

Housing Overview

Median Home Value
$614,900
118% above
US avg: $281,900
Median Rent
$1,611/mo
39% above
US avg: $1,163/mo
Homeownership Rate
44.6%
32% below US avg (65.4%)
Total Housing Units
23,708
Median year built: 1997

Home Value by Source

Census Median
$614,900
Zillow (ZHVI)
$715,781
Median Sale Price
$615,000
Median List Price
$690,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

44.6%
Owner-Occupied
55.4%
Renter-Occupied
45%
55%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$988/mo
1 Bedroom
$1,076/mo
2 Bedroom
$1,336/mo
3 Bedroom
$1,789/mo
4 Bedroom
$2,113/mo
Census median rent: $1,611/mo · Zillow rent: $2,113/mo

Market Indicators (Redfin)

Median Days on Market
136 days
Sale-to-List Ratio
0.0%
Buyers market
Homes Sold
43
Price Drops
14.8%
of listings with price reduction
Price Per Sq Ft
$345
Active Inventory
270
homes for sale

Affordability & Housing Stock

Rent Burden
31.2%
of renters spending 30%+ of income on housing
1% above US avg (31.0%)
Median Year Built
1997
Average age of housing stock: 29 years
Homeownership Rate
44.6%

Complete Housing Data

Home Values

Census Median Value$614,900
Zillow Home Value (ZHVI)$715,781
Median Sale Price$615,000
Median List Price$690,000
Price Per Sq Ft$345

Rent

Census Median Rent$1,611
Zillow Rent (ZORI)$2,113
FMR Studio$988
FMR 1-Bedroom$1,076
FMR 2-Bedroom$1,336
FMR 3-Bedroom$1,789
FMR 4-Bedroom$2,113

Market

Days on Market136
Sale-to-List Ratio0.0%
Price Drops14.8%
Homes Sold43
Active Inventory270
Price Per Sq Ft$345

Ownership & Stock

Owner-Occupied44.6%
Renter-Occupied55.4%
Homeownership Rate44.6%
Total Housing Units23,708
Median Year Built1997
Rent Burden31.2%