The story of this market
The typical home in ZIP 59718 sells for about $647,669, or $355 per square foot.
Prices are roughly flat from a year ago (-1%), a market in balance. Homes take about 109 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,999 a month.
ZIP 59718 — Bozeman
The Bozeman housing market is currently experiencing a cooling phase, characterized by longer days on market and a shift toward a buyer's advantage. While prices remain high, the increase in active inventory and frequent price reductions indicate that buyers are becoming more selective. This transition reflects a broader stabilization after the rapid growth seen during the pandemic years.
This ZIP is ideal for outdoor enthusiasts, families, and professionals seeking a balance of mountain-town lifestyle and growing economic opportunities.
Median prices moved down 1.0% year over year.
Homes spend a median of 109 days on market with 4.5 months of supply — a balanced-paced market.
36% of listings have cut prices · homes sell at 95% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.6% · poverty 7.4% — 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 7.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 59718, Gallatin County MT
Bozeman schools are generally well-regarded, serving a growing population with a focus on academic performance and community integration.
The area faces wildfire risks common to the Northern Rockies, necessitating proactive insurance and mitigation strategies for homeowners.
Bozeman serves as a regional economic hub with significant growth driven by the technology sector, Montana State University, and tourism.
Property taxes are assessed by Gallatin County based on market value; Montana does not have a general sales tax, but local jurisdictions may levy special assessments.
Commutes are primarily car-dependent, with traffic increasing along major corridors like I-90 as the region expands.
The area offers extensive access to outdoor recreation, including proximity to Bridger Bowl, Gallatin National Forest, and numerous local parks and trail systems.
The rental market has seen a cooling trend with increased inventory, though prices remain high relative to regional averages.
The economy is anchored by Montana State University, a robust tourism industry, and a growing cluster of technology and remote-work-friendly firms.
Transportation is heavily reliant on private vehicles, with I-90 serving as the primary artery for regional travel.
Significant residential and mixed-use development is ongoing, particularly in the western and southern portions of the city.
The Gallatin County Assessor manages property valuations, which are updated on a cyclical basis to reflect market changes.
Parcels may be subject to various special districts, including rural fire districts and local improvement districts for infrastructure.
Property insurance premiums are rising due to increased wildfire risk and regional climate volatility.
Data retrieved from data.census.gov ZCTA 59718 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.
Expansive wilderness area offering hiking, skiing, and fishing.
Popular local ski area located just north of the city.
Historic district with a high concentration of local boutiques and restaurants.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.