Rental numbers for the Bozeman, MT metro
The typical home here runs -$2,949 a month at 7.78% with 25% down. 0 of 3 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 4.1%.
- Gross yield
- 3.7%
- typical home, Zillow
- Median ZIP yield
- 4.1%
- 3 ZIPs with full data
- Cash flow
- -$2,949/mo
- at 7.78%, 25% down
- Typical price
- $701,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $2,171/mo
- Zillow ZORI, Aug 2026
ZIP codes in the metro
10 with published figures
| 59714Belgrade | $553,000 | $2,256 | 4.9% | 2.2% | -$1,957 | +3.0% |
| 59760Three Forks | $524,000 | $1,880* | 4.3% | 1.8% | -$2,026 | n/a |
| 59752Three Forks | $555,000 | $1,920* | 4.2% | 1.7% | -$2,203 | n/a |
| 59718Bozeman | $643,000 | $2,213 | 4.1% | 1.7% | -$2,553 | +3.4% |
| 59741Manhattan | $678,000 | $2,210* | 3.9% | 1.5% | -$2,805 | n/a |
| 59758West Yellowstone | $657,000 | $1,880* | 3.4% | 1.2% | -$2,890 | n/a |
| 59086Ringling | $758,000 | $1,880* | 3.0% | 0.8% | -$3,571 | n/a |
| 59715Bozeman | $880,000 | $2,087 | 2.9% | 0.7% | -$4,242 | +4.0% |
| 59730Gallatin Gateway | $1,402,000 | $2,290* | 2.0% | 0.1% | -$7,435 | n/a |
| 59716Big Sky | $1,891,000 | $2,310* | 1.5% | -0.3% | -$10,653 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +0.7%
- Rent, 12 months
- +3.3%
- Rent minus price growth
- +2.7 pts
- Property tax
- 0.53%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $632,149 | $1,829 |
| Aug 2022 | $714,131 | $2,134 |
| Aug 2023 | $679,325 | $2,136 |
| Aug 2024 | $716,507 | $2,171 |
| Aug 2025 | $696,048 | $2,101 |
| Aug 2026 | $700,705 | $2,171 |
Counties
- Gallatin County, MT4.1% median yield
Tools
Questions
- Is the Bozeman, MT metro good for rental property?
- The typical home here runs -$2,949 a month at 7.78% with 25% down. 0 of 3 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 4.1%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Bozeman, MT metro have the highest rental yield?
- 59714 (Belgrade) at 4.9%, 59718 (Bozeman) at 4.1%, 59715 (Bozeman) at 2.9%, on Zillow value and rent. The full table above sorts by any column.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.