The story of this market
The typical home in Gallatin County, Montana sells for about $657,164, or $436 per square foot.
Prices are down 1.9% from a year ago, which gives buyers more room to negotiate. Homes take about 90 days to sell, which is slow. Over the long run, values in this county have grown 294% since 2000. Last year 12 of 24 neighborhoods saw prices rise, so the story isn't the same street to street. The biggest natural hazard here is winter weather, which FEMA rates very high. HUD's fair market rent for a two-bedroom is $2,109 a month.
HUD sets the fair market rent for a 2-bedroom at $2,109 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively Moderate.
Price climate
Every year of price change, 2000–2025
0%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2022 (+21.5%). Worst: 2010 (-10%). Hover to read a year.
Monthly price momentum
Home values since 2015
+2.9%
MT · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$2,920
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2000–2025
0%
2025 change
FHFA repeat-sales index, median of 24 census tracts in this county (2000 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
67
Relatively Moderate
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $101,756,823.
Mortgage activity
Home lending in this county
84.4%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 6133 | 3556 | 84.4% | 12.4% | $455,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Gallatin County, Montana
The Gallatin County housing market is currently experiencing a cooling phase, with median sale prices declining 1.9% year-over-year as of April 2026. Inventory levels have increased, and homes are taking longer to sell compared to the previous year, reflecting a shift in market dynamics.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Select a city to expand its ZIP intel reports beneath · 6 cities · 11 ZIP reports
Median prices moved up 1.5% year over year.
Homes spend a median of 110 days on market with 0.3 months of supply — a balanced-paced market.
1% of listings have cut prices · homes sell at 7.43% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.0% · poverty 6.9% — a stable, low-distress profile.
Owned and leased federal assets with active or excess status, per the General Services Administration's Real Estate Across the United States inventory (read 2026-09-25). A federal footprint read on this county — not a market valuation, and never an attribute of any individual property or tenant.
Deterministic aggregate of 11 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Each property observation weighs one in its ZIP's deterministic roll-up — property-level records (taxes, scores, permits) never roll individually. Latest property research run Sep 14, 2026.
researched Sep 27
researched Sep 27
researched Sep 27
researched Sep 27
researched Sep 27
researched Sep 27
researched Sep 27
researched Sep 27
researched Sep 27
researched Sep 27
| 59701 | Butte-Silver Bow | $309,000 | $185 | +4.2% | 169 | 98.5% | 15% | 0.8 | 31 | $865 | researched Sep 27 |
| 59714 | Belgrade | $539,728 | $319 | -6.5% | 84 | — | — | — | 255 | $1,794 | researched Sep 27 |
| 59715 | Bozeman | $824,755 | $452 | -13.2% | 69 | 92% | — | 4.7 | 792 | $1,365 | researched Sep 27 |
| 59716 | Big Sky | $2,423,550 | $1,218 | +10.4% | 106 | 89.9% | — | 16.1 | 72 | $1,341 | researched Sep 27 |
| 59718 | Bozeman | $647,669 | $355 | -1% | 109 | 95% | 36% | 4.5 | 792 | $1,999 | researched Sep 27 |
| 59724 | Dell | $917,000 | $450 | — | 64 | 98% | — | — | 51 | $1,275 | researched Sep 27 |
| 59730 | Gallatin Gateway | $2,200,000 | $475 | -32.7% | 103 | 100% | — | 1 | 1 | $2,109 | researched Sep 27 |
| 59741 | Manhattan | $471,034 | $271 | +2.1% | 136 | — | — | — | 84 | $1,703 | researched Sep 27 |
| 59752 | Three Forks | $362,200 | $299 | +4.2% | 85 | 97.5% | 12% | 4.8 | 42 | $1,272 | researched Sep 27 |
| 59758 | West Yellowstone | $1,324,500 | $350 | — | 45 | — | — | — | 35 | $1,060 | researched Sep 27 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
Gallatin County has experienced significant population growth, with an 8.2% increase between 2020 and 2025, driven by its appeal as a regional economic and lifestyle hub.
The economy is supported by a mix of sectors, with significant growth and development momentum observed in recent years.
Census Reporter profile for Gallatin County, MT
applies when — Property owned by the state or other exempt entities held by a private party under a contract of sale
The property is assessed and taxed to the private holder as if they held legal title, without deduction for unpaid purchase price.
MCA 15-24-1202
Property is valued by the Department of Revenue; tax is calculated by applying the state-determined tax rate to the taxable value (Market Value x Tax Rate). Homestead and long-term rental reduced tax rates are available via enrollment.
Montana Department of Revenue Property Assessment Division
applies when — Residential property on a parcel exceeding 40 acres
Requires judicial foreclosure through a sheriff's sale; includes a 1-year right of redemption during which the borrower may remain in the residence.
MCA 71-1-224
applies when — Residential property on a parcel of 40 acres or less
Allows for non-judicial foreclosure via trustee sale; no right of redemption exists for the borrower after the sale; deficiency judgments are prohibited.
MCA 71-1-315; Montana Small Tract Financing Act
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.