Bozeman housing market: median home price and forecast
Bozeman home prices: the Zillow Home Value Index put a typical home in Bozeman, Montana at $721,678 in September 2026, up +0.8% from a year earlier and −3.0% under the $744,363 peak reached in May 2024.
- Value of a typical home
- $721,678September 2026, Zillow ZHVI
- Change over 12 months
- Since September 2025, the change has been +0.8%.
Bozeman home prices since 2000
The United States is the grey line; Bozeman is the steel line. From January 2009 to now, the typical Bozeman home rose from $276,369 to $721,678, a ×2.61 gain, while the US over the same months saw ×1.99.
Yearly median home price in Bozeman
Each year averages its twelve monthly values; for 2026 the latest month is shown.
| Year | Bozeman | Change on the year | United States |
|---|---|---|---|
| 2009 | $271,315 | $177,542 | |
| 2010 | $258,034 | −4.9% | $171,462 |
| 2011 | $249,954 | −3.1% | $162,508 |
| 2012 | $259,177 | +3.7% | $161,137 |
| 2013 | $279,755 | +7.9% | $171,420 |
| 2014 | $299,045 | +6.9% | $182,996 |
| 2015 | $325,800 | +8.9% | $192,738 |
| 2016 | $362,938 | +11.4% | $204,509 |
| 2017 | $398,877 | +9.9% | $216,767 |
| 2018 | $437,019 | +9.6% | $230,541 |
| 2019 | $458,032 | +4.8% | $242,088 |
| 2020 | $498,024 | +8.7% | $257,151 |
| 2021 | $620,303 | +24.6% | $295,959 |
| 2022 | $709,728 | +14.4% | $340,014 |
| 2023 | $697,308 | −1.7% | $348,160 |
| 2024 | $738,840 | +6.0% | $359,751 |
| 2025 | $727,656 | −1.5% | $362,959 |
| September 2026 | $721,678 | +0.8% | $366,157 |
The value today of a Bozeman home bought in any year
Not an appraisal: an index-based estimate for a typical home.
Each year averages its twelve monthly index values; September 2026 is the value now. More options: the home appreciation calculator.
Considering a sale? See how local agents compare on Realtor.com. Advertising disclosure: links like this one may pay the site, and no number here changes because of them. Disclosure.
Bozeman housing market forecast
For the next 12 months from September 2026, Zillow's forecast calls for +2.5% in the Bozeman, MT metro and +1.2% over the three months immediately ahead. On Bozeman's typical value of $721,678, the forecast lands near $739,700 one year on.
Zillow's own central estimate for the metro appears here; this site does not publish any projection of its own. Forecasts like this one, over 12 months, have usually landed several percentage points away from the change that actually happened, either way. This is not investment advice.
All metro forecasts, in one table: housing market forecast.
Bozeman housing market crash risk score
A high score of 68 out of 100.
Against the 292 cities, the score ranks Bozeman using five conditions that were high before earlier price falls. Every input is scored from 0 to 100 compared with the other cities, and the five scores are averaged with equal weight. It shows conditions as they stand now; no crash prediction comes from it.
| Input | Value | Sub-score | Weight |
|---|---|---|---|
| Active listings vs 2019 | +8.8% | 57 | 20% |
| Market time in days vs 2019 | +15.6% | 71 | 20% |
| Price-to-rent ratio | 27.3 | 90 | 20% |
| 12-month price change | +0.8% | 52 | 20% |
This is not investment advice. How the inputs get their scores: scoring method. Every one of the 292 cities, ranked: city crash risk rankings.
Bozeman inventory and days on the market
In September 2026 the Bozeman, MT metro area showed 840 homes for sale: −5.2% compared with a year earlier, and +8.8% compared with the same month of 2019. The median time to sell a listing was 74 days (+15.6% against 2019), while 15.6% of listings carried a price cut.
| Bozeman, MT metro, September 2026 | Value | On a year |
|---|---|---|
| Active listings | 840 | −5.2% |
| New listings | 192 | |
| Median days on market | 74 | −4.5% |
| Median list price | $954,500 | +6.4% |
| Share with a price cut | 15.6% |
Realtor.com® Economic Research, for metro inventory. Realtor.com data. All metros: days on market, city by city.
What it costs to live in Bozeman
By the Zillow Observed Rent Index, asking rent in Bozeman typically runs $2,199 a month, +4.4% on a year. A typical home costs the equivalent of 27.3 years of that rent. On BEA figures, metro price levels sit at 102.5 where the US average is 100, and housing costs come to 139.2.
The salary you need to move there, along with rent and prices: Bozeman cost of living.
More housing markets across Montana
Statewide figures: Montana housing market.
How to read this chart
At every point, the Zillow Home Value Index for Bozeman shows what a typical home in the market's middle third was worth, with smoothing and seasonal adjustment, in that month's dollars. The hollow dot shows the month on the slider, while the terracotta dot shows the most recent month. No adjustment for inflation is made to these numbers, and the index follows the typical home, not any one house: work out what a single home is worth from its own sale price using the card above, or the home appreciation calculator.