Mortgage payment estimates, closing cost breakdowns, and homebuying data for Bozeman, Montana.
Pre-filled with Bozeman median home price and Montana tax/insurance rates. Adjust for your property.
Estimated closing costs based on Montana rates and fees applied to Bozeman prices.
The median home price in Bozeman is $625,000, 45% above the Montana state median of $430,000. With a population of 53,293, Bozeman is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in Montana average 0.74% annually. This moderate property tax rate means a $625,000 home in Bozeman would carry roughly $385/month in property taxes. Homeowners insurance in Montana runs approximately $2,100 per year. This is within the normal range nationally.
Average rent in Bozeman is $1,850/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Bozeman is a higher-cost market. At $625K median, buyers need significant savings or strong income. Down payment assistance through Montana's MBOH Regular Bond Program program becomes especially important.