The story of this market
The typical home in ZIP 59716 sells for about $2,423,550, or $1,218 per square foot.
Prices are up +10.4% from a year ago, so sellers still have some momentum. Homes take about 106 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,341 a month.
ZIP 59716 — Big Sky
The Big Sky housing market is characterized by high-end luxury pricing and low inventory, with median prices continuing to appreciate despite high months of supply. Market activity remains driven by demand for premium mountain real estate, though the high price point and seasonal nature of the area create a unique, niche market environment.
This ZIP is primarily for affluent second-home buyers, luxury investors, and outdoor enthusiasts seeking proximity to world-class skiing and mountain amenities.
Median prices moved up 10.4% year over year.
Homes spend a median of 106 days on market with 16.1 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 89.9% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.9% · poverty 5.7% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 12.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
ZCTA 59716, Big Sky MT
Big Sky schools are generally well-regarded, serving a small, tight-knit community with access to specialized mountain-town educational programming.
The area faces significant wildfire risk due to its mountainous, forested terrain, which influences local property insurance availability and premiums.
Economic momentum is driven by the tourism and luxury real estate sectors, anchored by the Big Sky Resort and associated hospitality infrastructure.
Property taxes in Montana are assessed at the county level based on market value, with specific mill levies applied for local school districts and special service districts.
Commuting is primarily car-dependent, with residents traveling along US-191 toward Bozeman for major employment and services.
The area is a premier destination for outdoor recreation, featuring world-class skiing, extensive hiking and mountain biking trails, and proximity to Yellowstone National Park.
The rental market is heavily influenced by seasonal tourism and short-term rental demand, leading to limited long-term housing availability for local workers.
The economy is heavily concentrated in tourism, hospitality, and high-end real estate development, with Big Sky Resort serving as the primary economic anchor.
Transportation is limited to highway corridors, primarily US-191, with reliance on private vehicles for all regional travel.
Development is focused on luxury residential expansion and resort-related infrastructure improvements.
Parcels are subject to various local mill levies for school districts and fire protection services.
Property insurance is a critical consideration due to high wildfire exposure in the wildland-urban interface.
Data aggregated from multiple census-based sources for the 59716 ZCTA.
A major destination for winter sports and summer mountain activities.
Hosts year-round cultural entertainment and performances.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.