Bozeman, MT Real Estate Market 2026

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

Median Home Price

$677,863

-1.8% year-over-year

Est. Rental Yield

3.7%

gross annual

12-Month Forecast

-6.1%

base case (Zillow ZHVF)

-6.1% year-over-year

Bozeman Market Summary

Bozeman, MT is experiencing a correction with -1.8% year-over-year decline, signaling a buyer's market with softening demand. Affordability pressure is significant: the price-to-income ratio of 7.75x well exceeds the national average of 4.8x. Climate risk is moderate (50/100) with manageable exposure. Rental yield of 3.72% is below average, suggesting this market is more suited for appreciation-driven strategies.

Affordability

Affordability Score32/100
Price-to-Income Ratio7.8x (national avg 4.8x)
Median Household Income$87,454

Price Forecast Scenarios

12-month projection (Zillow ZHVF model)

Bear Case-9.2%
Base Case-6.1%
Bull Case-3.1%

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

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

Bozeman Real Estate Market Data 2026 | Lotlytics | Lotlytics