Manhattan, Montana.
Typical home $676,168 (+3.5% in a year). Bozeman, MT metro.
to buy the typical home at today's mortgage rate — +$2,016 (+131%) since Jan 2020.
- 1 year
- Up $22,615 +3%
- $653,553$676,168 since Sep 2025
- 5 years
- Up $90,150 +15%
- $586,018$676,168 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.
- Manhattan$3,549
- Montana$2,453
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 24 years.
Typical home values in Manhattan, MT rose 3.5% over the past year — faster than the nation's +1.2%.
Living in Manhattan, Gallatin County, Montana
Manhattan is a town of 2,086 people in Gallatin County. Unemployment in Gallatin County was 2.3% in August 2026, and the county had 1.4% more jobs in 2025 than the year before. The most residents work in construction, then schools and health care.
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 It can be wrong or out of date.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. Manhattan is a small town in Gallatin County, Montana, home to a small population at the latest census. Homes here are valued well above what most of the country would expect for a town this size. Few residents live below the poverty line, and fewer adults hold a four-year degree than not. Winters are cold, with December the coldest month and highs near freezing, while July brings warm days. Precipitation is on the light side, falling as both rain and melted snow.
Work. Residents work mostly in the building trades, in schools, hospitals and social care, in professional and business services, and in manufacturing. Unemployment across Gallatin County is low, and the county has added jobs over the past year. Among the county's largest workplaces are Bozeman Deaconess Health Services, Bozeman Elem Schools and Costco Wholesale. The typical commute is short, and some residents work from home.
Things to do. The East Gallatin River runs in or beside town, and the Missouri River is a short drive away. Madison Buffalo Jump State Park and Missouri Headwaters State Park, both protected areas, are also a short drive away. For a museum day, the Museum of the Rockies is a longer drive away.
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- 927households
- 34%of adults have a degree
- 3%below the poverty line
- 17 mintypical commute
- 11%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 32° and lows near 11°; warmest in July, with highs near 84° and lows near 49°. About 16 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Logan Landfill weather station, 4 miles away (NOAA).
Largest workplaces in Gallatin County
- Bozeman Deaconess Health ServicesGeneral hospital1,697FTE
- Bozeman Elem SchoolsSchool district532FTE
- WalmartWarehouse clubs and supercenters374
- Costco WholesaleWholesale grocer311
- Belgrade Elem SchoolsSchool district283FTE
- Bozeman H S SchoolsSchool district275FTE
- Zoot EnterprisesComputer systems integration design consulting services275
- Wildfire Defense SystemsEstate assessment services243
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 125 workplaces with 20 or more staff, 10,326 people in all across the county; Manhattan has two of its own. 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
- LightningVery high
- Cold wavesVery high
- EarthquakesRelatively high
- HailRelatively high
- WildfireRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Manhattan’s census tracts, against the rest of the country; all of them together, relatively high. 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.
Manhattan home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Manhattan$676,168
- Montana$467,275
- United States$366,157
Sellers are cutting prices on about 1 in 3 Manhattan listings — 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.
- Manhattan34.25%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Manhattan36
New listings per month
Sellers arriving at the market.
- Manhattan6
Zip codes with a Manhattan address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Manhattan — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.