Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$697,749+1.1% YoY · prices are rising
Market right nowBalanced, leaning sellersFewer homes for sale than last year, 14% have cut their price
Income needed to buy, per year$151,257About 1.5× the local median income ($100,953): a stretch for a typical household
Days on market85 daysAbout the same pace as a year ago
Next 12 months+2.5%Zillow expects prices to rise slightly
The typical home in Bozeman, MT is worth $697,749, up 1.1% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $668,599, so the area is 4.4% overvalued. It is a balanced market, leaning toward sellers: homes take about 85 days to sell, listings are down 3% from a year ago, 14% of listings have had a price cut. Zillow expects prices to rise about 2.5% over the next year. A household needs about $151,257 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $100,953. Typical rent is $2,201 a month, or $2,867 for a house. In the latest IRS figures, 140 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$697,749
Change in 1 year
+1.1%
Overvalued %
+4.4%
Show 7 more
Fair home value
$668,599
Change in 5 years
+10.8%
Zillow forecast, next 12 months
+2.5%
Home value to income
6.9×
Monthly mortgage payment (20% down)
$3,781
Income needed to afford it
$151,257
Property tax rate
0.59%
Rent and investing
Typical rent
$2,201
Typical rent for houses
$2,867
Price-to-rent ratio
26.4×
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HUD Fair Market Rent, 2 bedrooms
$2,109
Gross rental yield
3.78%
Cap rate (estimate)
2.46%
Market activity
Listings vs a year ago
−2.6%
Days on market
85
Listings with a price cut
13.5%
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Homes for sale
795
Pending sales per 100 listings
27
Asking price per sq ft
$442
People and jobs
Median household income
$100,953
Population change (1 year)
+1.0%
Unemployment rate
2.3%
Show 4 more
Population
128,740
Income adjusted for cost of living
$98,491
Net moves in (IRS)
+140
Cost of living (US = 100)
102.5
Schools, risk and environment
School rating (1 to 10)
8.2
FEMA hazard risk score (0 to 100)
81.0
Unhealthy air days a year
0
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Flood risk score
64.2
Wildfire risk score
91.4
Walkability (1 to 20)
10.9
Road, rail and air noise
53 dB
Questions people ask
Is Bozeman, MT overvalued?
Home prices in Bozeman, MT are slightly above what local incomes have historically supported: fair value is about $668,599, so the area is 4.4% overvalued.
Is Bozeman, MT a buyer's or seller's market?
Bozeman, MT is a balanced market, leaning toward sellers: homes take about 85 days to sell, listings are down 3% from a year ago, 14% of listings have had a price cut.
Are home prices going down in Bozeman, MT?
Home values in Bozeman, MT are up 1.1% over the last year. Zillow's forecast for the next 12 months is +2.5%.
How much do you need to earn to buy a home in Bozeman, MT?
A household needs about $151,257 a year to afford the typical home in Bozeman, MT at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $100,953.