The story of this market
The typical home in ZIP 59715 sells for about $824,755, or $452 per square foot.
Prices are down 13.2% from a year ago, which gives buyers more room to negotiate. Homes take about 69 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,365 a month.
ZIP 59715 — Bozeman
The 59715 housing market has shifted toward a buyer's market as inventory levels have expanded significantly and price growth has turned negative. Buyers now have more leverage, evidenced by a 13.2% year-over-year decline in median sale prices and a lower sale-to-list ratio. This cooling trend is driven by a combination of increased housing supply and a broader market correction following the pandemic-era surge.
This ZIP is well-suited for outdoor enthusiasts, university-affiliated professionals, and families seeking a high quality of life, though the high cost of entry often challenges first-time buyers.
Median prices moved down 13.2% year over year.
Homes spend a median of 69 days on market with 4.7 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 92% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.7% · poverty 15.1% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 59715, Gallatin County MT
The area is served by the Bozeman School District, which is generally regarded as high-performing within the state of Montana.
The region faces moderate wildfire risk and is subject to seasonal air quality impacts from regional smoke, with insurance premiums trending upward due to climate-related hazard exposure.
Bozeman serves as a regional economic hub driven by Montana State University, a growing tech sector, and tourism, with significant recent multifamily development expanding local housing capacity.
Property taxes are assessed by Gallatin County based on market value; Montana does not have a general sales tax, and property tax rates are determined by local mill levies set by school districts and municipal governments.
Commuting is primarily car-dependent, with traffic congestion increasing along major corridors like I-90 and US-191 as the population grows.
The area offers extensive access to outdoor recreation, including proximity to Bridger Bowl Ski Area, numerous hiking trails in the Gallatin National Forest, and downtown shopping and dining districts.
The rental market has seen increased vacancy pressure following a surge in new multifamily construction, leading to a more balanced environment for tenants compared to previous years.
The economy is anchored by Montana State University, a robust tourism industry, and a growing cluster of technology and professional service firms.
Transportation is heavily reliant on private vehicles, with I-90 serving as the primary east-west artery and limited public transit options available.
Significant recent development has focused on increasing multifamily housing density to address previous supply shortages.
The Gallatin County Department of Revenue assesses property values for tax purposes based on cyclical reappraisal cycles.
Parcels are subject to various levies including the Bozeman School District, Gallatin County, and local fire/utility district assessments.
Property insurance costs are rising across the region due to increased wildfire risk and broader market adjustments in the mountain west.
Data retrieved from data.census.gov ZCTA 59715 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
A major local ski destination located a short drive from the city.
The primary university campus serving as a major cultural and economic anchor.
Historic district featuring a high concentration of local boutiques, restaurants, and galleries.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.