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Bozeman

Learn about the people, housing, costs and businesses in Bozeman

Median Home$684,350
Median Rent$1,706/month
Population124,074
Leading IndustriesWholesale Trade · Construction · Arts, Food & Hospitality12% wholesale trade
Home Value Growth⬆⬆+19.7% over 2 years
Young Adults40% of residentstop 3% nationally
Homeowners61% of occupied units
NotableHighly Educated34% bachelor's · 13% graduate · top 1% nationally
NotableHigh Incomes$96k/year · top 18% nationally
Bozeman

Frequently Asked Questions

What are today's mortgage rates in Bozeman?

Mortgage rates for Bozeman are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

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What is the median home price in Bozeman?

The median home value in Bozeman is $684k. The median monthly rent is $1,706. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Bozeman?

Home values in Bozeman have increased 19.7% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Bozeman?

Based on a typical all-in ownership cost of $1,706/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $73k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Bozeman is $96k/year.

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What industries drive the economy in Bozeman?

The largest employment sectors in Bozeman are public administration (22%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.