#1 It’s Pricey
According to Zillow, the median price of a home in the U.S is $226,800. Compare that to Bozeman’s median home price of $405,000 and depending on where you’re coming from, that may be quite a sticker shock. And renting in Bozeman isn’t much easier. As a busy college town with a high demand for rentals, it’s competitive and expensive. The average rent for a 2BD apartment in Bozeman is $1,438, and $922 for a one bedroom*.
If you can afford it, the best option in Bozeman is to buy. Bozeman is often ranked as one of the best places to live in the country, and its population is growing quickly. Property values in Gallatin County have increased by 32% in the last two years, making Bozeman a great place to invest in a home. If you are priced out of Bozeman but still want to live in the area, many people look to Bozeman’s more affordable surrounding areas like Belgrade, Three Forks, Manhattan, and Livingston. Click here for more on Bozeman's surrounding areas.
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