Bozeman, MT Real Estate Market 2026

Investor-grade market analytics for Bozeman, Montana. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Data through July 2026.

Median Home Price

$701,508

+0.0% year-over-year

Est. Rental Yield

3.8%

gross annual

12-Month Forecast

+0.0%

base case (Zillow ZHVF)

+0.0% year-over-year

Climate Risk

50/100

Moderate

Market Momentum

➡️
Neutral
4.7mo supply · Score 0/7

Net migration: Bottom 23% nationally

Income Migration

💰 Wealth Influx1.12x

In-migrants avg $82,738 AGI vs out-migrants $73,733

🏛️

Opportunity Zone Market

3 ZIP codes in Bozeman are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more →

Bozeman Market Summary

Bozeman, MT is in a stabilization phase with 0% year-over-year appreciation, suggesting cooling demand and a shift toward balanced conditions. Affordability pressure is significant: the price-to-income ratio of 8.02x well exceeds the national average of 4.8x. Climate risk is moderate (50/100) with manageable exposure. Rental yield of 3.75% is below average, suggesting this market is more suited for appreciation-driven strategies.

Affordability

Affordability Score28/100
Price-to-Income Ratio8.0x (national avg 4.8x)
Median Household Income$87,454

Price Forecast Scenarios

12-month projection (Zillow ZHVF model)

Bear Case+0.0%
Base Case+0.0%
Bull Case+0.0%

Climate & Natural Hazard Risk

Bozeman, MT's primary climate exposure is wildfire (50/100). The composite climate risk score of 50/100 (Moderate) indicates overall risk with manageable exposure that should be factored into investment analysis. Buyers should consider climate-related insurance costs and potential future regulatory changes.

Source: FEMA National Risk Index

Get the full Bozeman dataset

Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.