Housing
Home prices and rent in Bozeman
Median home values, rents and incomes from the U.S. Census Bureau, compared with Montana and the U.S.
Census geography: Bozeman city, Montana. These survey estimates are not current listing prices.
Bozeman vs. Montana and the U.S.
| Bozeman | Montana | U.S. | |
|---|---|---|---|
| Median home value | $687,900 | $375,800 | $332,700 |
| Median rent (monthly) | $1,717 | $1,081 | $1,413 |
| Median household income | $85,747 | $72,509 | $80,734 |
| Homes owned by occupants | 45% | 69% | 65% |
| Median year built | 2000 | 1981 | 1980 |
Ten years of change
| 2014 | 2019 | 2024 | |
|---|---|---|---|
| Median home value | $256,300 | $365,600 | $687,900 |
| Median rent (monthly) | $849 | $1,078 | $1,717 |
| Median household income | $46,422 | $55,569 | $85,747 |
Fair Market Rents (HUD, fiscal year 2027)
Bozeman, MT MSA · Gallatin County. HUD's payment benchmarks for housing programs: typical gross rent (rent plus utilities) for a recent mover, not a listing or an asking rent.
Large figures are the metro-area Fair Market Rent.
Income limits (HUD, fiscal year 2026)
Area median family income: $130,200. Households at or under these incomes can qualify for many housing programs; check each program's own rules.
| Household size | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
|---|---|---|---|---|---|---|---|---|
| Low income (80%) | $72,950 | $83,350 | $93,750 | $104,150 | $112,500 | $120,850 | $129,150 | $137,500 |
| Very low income (50%) | $45,600 | $52,100 | $58,600 | $65,100 | $70,350 | $75,550 | $80,750 | $85,950 |
| Extremely low income (30%) | $27,350 | $31,250 | $35,150 | $39,050 | $42,200 | $45,300 | $50,040 | $55,720 |
Source: U.S. Department of Housing and Urban Development, Fair Market Rents and Income Limits, checked October 9, 2026.
Questions
What is the median home value in Bozeman?
$687,900, according to the Census Bureau’s 2024 American Community Survey (5-year estimates), compared with $375,800 in Montana and $332,700 nationally.
How much is rent in Bozeman?
Median gross rent (rent plus utilities) is $1,717 a month, versus $1,081 statewide.
How much have home values risen in Bozeman?
The median home value went from $256,300 in 2014 to $687,900 in 2024 (+168%).
What is fair market rent in Bozeman?
HUD's fiscal year 2027 Fair Market Rent for the Bozeman, MT MSA is $1,469 for a studio, $1,612 for one bedroom and $2,109 for two bedrooms. These are HUD program benchmarks, not asking rents.
Are these current market prices?
No. They are survey medians from the Census Bureau, based on a five-year survey period, so they lag today’s listings. They are the most consistent way to compare places and track change over time.
U.S. Census Bureau, American Community Survey 5-year estimates (2014, 2019, 2024), Bozeman city, Montana. Values are estimates with margins of error.