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These days, finding an affordable place to live in the Bozeman area can be challenging. Home prices in Bozeman are now at a median cost of $718,244, higher than the Montana average of $409,886.
The average cost of rent is $1,767/mo in Bozeman, primarily driven by the current value of real estate in the Bozeman area. In Bozeman, 46.32% of households rent, and 40.66% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Bozeman is $7,938 per month. Households that rent pay about 22.26% of their income on rent here. Bozeman’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Four Corners, MT: equally priced homes
- Belgrade, MT: less expensive homes
- Church Hill, MT: equally priced homes
- Anceney, MT: higher priced homes
- Manhattan, MT: less expensive homes
- Francis, MT: equally priced homes
- Gallatin Gateway, MT: higher priced homes
- Logan, MT: less expensive homes
- Pine Creek, MT: equally priced homes
- Livingston, MT: less expensive homes
Cities with Similar Populations
- Charleston, WV: less expensive homes
- Apopka, FL: less expensive homes
- Alhambra, CA: higher priced homes
- Alexandria, VA: equally priced homes
- Apex, NC: less expensive homes
- Arlington Heights, IL: less expensive homes
- Bayonne, NJ: less expensive homes
- Anchorage, AK: less expensive homes
- Bowie, MD: less expensive homes
- Brighton, CO: less expensive homes
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