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Home appreciation in Bozeman, MT

Over the five years ending 2025, home prices in Bozeman, MT grew an average of 11.0% a year.

Price growth at a glance

1-year

+2.5%

2025 over 2024. Montana: +4.0%.

5-year, per year

+11.0%

Average annual growth, 2020 to 2025. Montana: +10.8%.

10-year, per year

+9.5%

+148.8% in total since 2015. Montana: +7.9%.

How does your home compare?

Bozeman, MT home prices rose 148.8% over the ten years to 2025, while its ZIP codes ranged from +126.6% to +149.1%. Look up your home to see where it ranks among the homes around it.

Your first analysis is free.

A model-generated estimate and analytical context, not investment advice. Investing? Score any property free

How Bozeman, MT compares with Montana

The metro and its state moved almost together over that window. For five-year price growth, Bozeman, MT ranks 41st out of 409 metros nationwide and 3rd out of 5 in Montana.

Index, 2005 = 100

Bozeman, MT and Montana, quarterly house price index rebased to 100 in 2005.
YearBozeman, MTMontana
2005 Q1100100
2005 Q2105104
2005 Q3109107
2005 Q4113110
2006 Q1117113
2006 Q2121116
2006 Q3125119
2006 Q4126121
2007 Q1126124
2007 Q2129125
2007 Q3127127
2007 Q4127127
2008 Q1126129
2008 Q2125128
2008 Q3121126
2008 Q4122127
2009 Q1121128
2009 Q2119126
2009 Q3115123
2009 Q4112122
2010 Q1110120
2010 Q2106119
2010 Q3106120
2010 Q4105120
2011 Q1102116
2011 Q2102116
2011 Q3101116
2011 Q4101117
2012 Q1102117
2012 Q2101117
2012 Q3102118
2012 Q4104120
2013 Q1106121
2013 Q2109122
2013 Q3113124
2013 Q4113124
2014 Q1114125
2014 Q2118126
2014 Q3121129
2014 Q4123130
2015 Q1125130
2015 Q2127132
2015 Q3133133
2015 Q4131135
2016 Q1134136
2016 Q2136137
2016 Q3143139
2016 Q4144140
2017 Q1147142
2017 Q2154143
2017 Q3157146
2017 Q4156147
2018 Q1160149
2018 Q2170152
2018 Q3171154
2018 Q4172156
2019 Q1171157
2019 Q2181160
2019 Q3182162
2019 Q4185164
2020 Q1187166
2020 Q2187167
2020 Q3193172
2020 Q4198177
2021 Q1207183
2021 Q2234197
2021 Q3251212
2021 Q4258222
2022 Q1274231
2022 Q2299248
2022 Q3297252
2022 Q4288252
2023 Q1301252
2023 Q2292262
2023 Q3305263
2023 Q4303264
2024 Q1319267
2024 Q2315275
2024 Q3306275
2024 Q4315279
2025 Q1319282
2025 Q2319283
2025 Q3326288
2025 Q4321286
2026 Q1315290
2026 Q2333291

Chart through 2026 Q2. Annual growth figures through 2025.

Growth was stronger over the last five years than over the full decade: +9.5% a year over ten years, +148.8% in total.

Over this history, home prices peaked in 2007, fell 20.4% to its 2011 low, and regained the 2007 level in 2015.

The strongest year was 2021 at +24.2%, and the weakest was 2010 at -8.6%.

In 2025 alone the index moved +2.5%, against +4.0% for the state.

ZIP codes in Bozeman, MT

Over the ten years to 2025, the 5 ZIP codes FHFA measures in this metro ranged from +126.6% in 59741 to +149.1% in 59752, while the metro as a whole rose 148.8%.

ZIP codes in Bozeman, MT ranked by 10-year home-price change through 2025 Column headers are buttons: click to sort, click again to reverse, and a third time to restore the original order.
59752-6.4%+10.9%+9.6%+149.1%
59715+7.3%+11.1%+9.5%+147.2%
59718-1.9%+10.4%+9.1%+139.6%
59714-0.9%+10.0%+9.1%+138.4%
59741-13.3%+10.0%+8.5%+126.6%

What a home report shows

Enter an address and you get a score out of 10 for how the home ranks on appreciation potential against comparable homes in its market, with the nearby sales behind it. Here is one saved report.

Example report · saved October 14, 2026

165 N Canal St, Apt 1205, Chicago, IL 60606

Appreciation score

4.1 / 10

Around the median

Where it ranks

Ranks above about 41% of comparable homes in Chicago, IL for appreciation potential.

Price against nearby sales

Priced below most nearby sales, at $300 per square foot across 6 comparable sales.

Read the full example report

Year by year

Annual house price index for Bozeman, MT and Montana, 2005 = 100 Column headers are buttons: click to sort, click again to reverse, and a third time to restore the original order.
2005100.0—100.0
2006114.7+14.7%111.5
2007119.5+4.2%119.4
2008116.2-2.8%121.1
2009109.7-5.6%118.5
2010100.3-8.6%113.7
201195.2-5.1%110.4
201296.0+0.9%112.2
2013103.3+7.6%116.4
2014111.9+8.4%121.0
2015121.2+8.3%126.0
2016130.7+7.8%130.8
2017144.1+10.3%137.3
2018157.8+9.5%145.1
2019168.7+6.9%152.5
2020179.3+6.3%161.9
2021222.8+24.2%193.2
2022271.5+21.9%233.5
2023281.4+3.6%247.0
2024294.2+4.6%260.1
2025301.6+2.5%270.5

The 5 measured metros in Montana

Measured metros in Montana ranked by 5-year home-price appreciation through 2025 Column headers are buttons: click to sort, click again to reverse, and a third time to restore the original order.
#
1Missoula, MT+2.9%+11.6%+8.7%
2Helena, MT+4.5%+11.5%+8.2%
3Bozeman, MT+2.5%+11.0%+9.5%
4Great Falls, MT+4.2%+10.8%+7.3%
5Billings, MT+1.8%+8.6%+5.9%

Source & method: Metro figures: FHFA quarterly all-transactions index for metropolitan statistical areas and metropolitan divisions, annualized as the mean of the four quarterly (NSA) values. State figures: FHFA quarterly all-transactions index, annualized as the mean of the four quarterly (NSA) values. The chart uses quarterly readings, with each series set to 100 in the first quarter of 2005. ZIP figures: FHFA annual five-digit ZIP index (developmental), ZIPs with sufficient transaction history. Missing years are reported as missing by FHFA and are not estimated. Each ZIP is placed in the metro that holds the county with most of its housing units. “5-yr /yr” and “10-yr /yr” are compound annual growth over the window ending 2025; all figures are nominal. Data published by the FHFA House Price Index; this edition compiled 2026-10-17. Educational data, not investment advice.

See the Montana row in the state rankings, the county rankings, and, for why one metro number hides so much, why two homes in the same ZIP code appreciate differently.

How does your home compare?

See how your home ranks against nearby homes. Your first analysis is free.

Look up your home

Investing? Score any property free

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Measured FHFA data · chart through 2026 Q2