Bozeman
Montana · Ranked #319 of 373 metros
44Moderate
💡
Housing in Bozeman costs 7.58× the median income, above the national average of 4.5×. The median home price is $691K and median rent is $1,790/month. Bozeman ranks #319 of 373 metros for affordability.
Median Home Price
🏠$691K
Need $204K income
Median Rent
🔑$1,790
Need $72K income
Building Permits
🔨1,706
annual
Median Income
💰$91K
Pop: 138,191
Rent Burden
⚠️24.9%
of renters paying >30%
Homeownership
🏡60.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Bozeman | National |
|---|---|---|
| Price-to-Income Ratio | 7.58x | 6.1x |
| Rent Burden | 24.9% | 31.5% |
| Homeownership Rate | 60.0% | 65.5% |
| YoY Rent Change | 0% | +2.8% |
| Mortgage Denial Rate | 0.0% | 13.5% |
| Eviction Rate | 0.0% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +73.7%Since 2000: +383.8%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$1,485/mo
1 Bedroom$1,642/mo
2 Bedroom$2,154/mo
3 Bedroom$2,996/mo
4 Bedroom$3,537/mo
Zillow Market Data
Home Value (ZHVI)
$690K
1yr: -1.5%5yr: +31.8%
Rent (ZORI)
$2,126/mo
1yr: -1.3%5yr: +26.2%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$455K
Active Inventory
47
Days on Market
93
Sold Above List
0.0%
Price Drops
6.4%