Market Overview
Home Prices in Bozeman, MT
The median home value in Bozeman, MT is $733,959 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.9% compared to a year ago and down 2.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Bozeman are priced79% above average. Bozeman is part of the Bozeman, MT metro area.
Over the past five years, Bozeman home values have risen by approximately13.6%, reflecting steady appreciation in this market.
Price History
Bozeman Home Price Trend
City Comparison
Bozeman vs. National Median
At $733,959, homes in Bozeman cost 79% above the national median of $410,000. Buyers in Bozeman should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Bozeman?
20% Down Payment
$146,792
on $733,959
Monthly P&I
$3,828/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,862/mo
incl. taxes & insurance
Income Needed
$194,480
gross annual (30% rule)
10% Down Option
$73,396
+ PMI applies
Loan Amount (20% dn)
$587,167
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Bozeman, MT?
The median home value in Bozeman is $733,959 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.9% year-over-year.
How much have home prices changed in Bozeman?
Over the past year, home values in Bozeman have decreased by 0.9%. Over five years, prices have risen approximately 13.6%.
How much do I need to earn to buy a home in Bozeman?
To comfortably afford the median home price of $733,959 with a 20% down payment ($146,792) at today's rates (6.8%), you'd need a gross annual income of approximately $194,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Bozeman compare to the national average home price?
The national median home value is approximately $410,000. At $733,959, homes in Bozeman are 79% above the national average.
What metro area is Bozeman part of?
Bozeman is part of the Bozeman, MT metropolitan area. Home prices and market conditions can vary across the broader metro region.