Bozeman, Montana.
Typical home $721,678 (+0.8% in a year), asking rent $2,199 (+4.4%). Bozeman, MT metro.
to buy the typical home at today's mortgage rate — +$2,059 (+119%) since Jan 2020.
- 1 year
- Up $5,740 +1%
- $715,938$721,678 since Sep 2025
- 5 years
- Up $65,768 +10%
- $655,910$721,678 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Bozeman$3,788
- Montana$2,453
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 36 years.
Typical home values in Bozeman, MT rose 0.8% over the past year — slower than the nation's +1.2%.
Asking rents in Bozeman, MT rose 4.4% over the past year — faster than the nation's +2.7%.
Owning the typical home in Bozeman runs $2,716/mo more than renting one. The gap peaked at $2,955 in May 2024.
That is $4,915 a month against $2,199 rent: a $3,788 mortgage payment, plus $354 property tax and $773 insurance & upkeep.
Owning vs renting — Bozeman
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$4,915
- Renting$2,199
- Mortgage only$3,788
Property tax · $354/mo 0.59% of value a year — the ACS 2020-2024 median bill over the median home value for Gallatin County, MT
Insurance & upkeep · $773/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Bozeman, Gallatin County, Montana
Bozeman is a city of 53,293 people in Gallatin County. Half its households earn more than $85,747 a year and half less, against $93,528 across Gallatin County; 14% of its people live below the poverty line. 45% of its homes are lived in by their owners and 55% are rented. Unemployment in Bozeman was 2.4% in August 2026, and Gallatin County had 1.4% more jobs in 2025 than the year before. The most residents work in schools and health care, then professional services.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Bozeman is a young city, with a population noticeably younger than most places, and a large share of its adults hold a four-year degree. Most homes are rented rather than owned, which is unusual for a city of this kind, and household incomes run a little below the county's. Winters are long, cold and snowy, and summers are warm.
Work. Many residents work in schools, hospitals and social care, in professional and business services, in restaurants and hotels, and in shops. The largest workplaces in Bozeman include Bozeman Deaconess Health Services, the Bozeman elementary school district and Walmart. Unemployment is low and has edged down over the past year, and the typical commute is short.
Things to do. The Museum of the Rockies is a museum in or beside town, and the Montana Arboretum and Gardens, a botanical garden, is close by as well. A short drive away is Fort Ellis, one of the old forts in the area. Bridger Bowl Ski Area, a longer drive away, draws people out in the snowy months.
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- 23,970households
- 65%of adults have a degree
- 14%below the poverty line
- 16 mintypical commute
- 16%work from home
What residents work in
Employed residents by industry, from the Census survey. Gallatin County had 74,277 jobs in 2025, 1.4% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in December, with highs near 33° and lows near 14°; warmest in July, with highs near 82° and lows near 52°. About 91 inches of snow and 20 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Bozeman Montana State Univ weather station, 2 miles away (NOAA).
Largest workplaces in Bozeman
- Bozeman Deaconess Health ServicesGeneral hospital1,697FTE
- Bozeman Elem SchoolsSchool district532FTE
- WalmartWarehouse clubs and supercenters374
- Costco WholesaleWholesale grocer311
- Bozeman H S SchoolsSchool district275FTE
- TargetDiscount department stores241
- Home OfficeRetail179
- Bozeman166
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 49 workplaces with 20 or more staff, 5,919 people in all. Hospitals come from their Medicare cost reports (CMS, 2023) and school districts from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Winter weatherVery high
- AvalanchesRelatively high
- LightningRelatively high
- Cold wavesRelatively high
- Earthquakesrelatively high in parts of BozemanRelatively moderate
- HailRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Bozeman’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Gallatin County and the Bozeman, MT metro.
Bozeman home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Bozeman$721,678
- Montana$467,275
- United States$366,157
Sellers are cutting prices on about 1 in 4 Bozeman listings, and the typical home goes pending in 29 days — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Bozeman25.15%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Bozeman29
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Bozeman513
New listings per month
Sellers arriving at the market.
- Bozeman121
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Bozeman$721,567
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Bozeman97.91%
Zip codes with a Bozeman address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Bozeman — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Bozeman
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 59718 | Bozeman | 44,585 | $2,295 | $641,966 |
| 59715 | Bozeman | 39,643 | $2,068 | $874,382 |