Real Estate Investing in Belgrade, Montana

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 23,897 • Gallatin County

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Should you buy in Belgrade, MT? Our answer, based on the numbers below.

🏠 For Homebuyers
CAUTION
Grade D (54/100)

Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

What’s happening in Belgrade, MT?

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3.0/ 5

Investability

Citywide average

2.0/ 5

Appreciation

2.8% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $553,661
Avg Monthly Rent $2,344
ZIP Codes 1

Investing in Belgrade Real Estate

Belgrade in Montana is one of the markets where the numbers warn before they reward — 1 ZIPs, a sizable population, and a rating that reflects material risk.

Across Belgrade's 1 ZIPs, fundamentals run subdued: thin appreciation, soft rents, and demographic trends that don't obviously reverse in the medium term.

Rents in Belgrade at $2,344/mo have struggled to keep pace with cost increases, and vacancy has risen in pockets — a dynamic that compresses realized returns well below headline cap rates.

Demographics in Belgrade show real pressure — median income of $N/AK is muted relative to rents, and the 0% renter share includes significant cost-burdened households.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Bozeman, MT

Belgrade is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

Real numbers from people who own or manage rentals in Belgrade, MT. Anonymous, moderated, never written by AI.

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Property managers serving Gallatin County

Manage rentals here? List your business →

Best Bozeman Property Management, LLC offers vacation rentals, caretaking, and concierge services in the Bozeman, MT area, including properties near Yellowstone National Park and Bridger Ski Area. summary from their website

Short-term rentals
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H3 Property Management offers full-service property management in Bozeman, providing expertise for property owners and helping tenants find rentals. summary from their website

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Real Property Management Bozeman provides property management services in Bozeman, MT. summary from their website

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Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.

Avg Home Value
$553,661
Avg Monthly Rent
$2,344
1% Rule
✗ Below
Landlord Friendly (MT)

📉 Market Crash Risk Index

Based on Bozeman, MT metro

4/10
Moderate Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
2/3
65%
Days Pending
2/2
62 days

View all metro crash risk rankings →

❄️ Cool Market — Bozeman, MT metro
62
Days to pending
8.3%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Belgrade, MT

Screen every ZIP in Belgrade

Filter Belgrade’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Belgrade, MT

What real estate strategy is ideal for Belgrade, MT?

Investors who focus on careful cash-flow rentals with hands-on management typically do well in Belgrade, MT. The numbers - $554K homes against $2,344/mo rents - support that play.

How do landlord-tenant laws work in Belgrade, MT?

Landlord-friendliness in Belgrade, MT is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.

Is Belgrade, MT a good place for real estate investing?

With a 3.0/5 investability score, Belgrade, MT ranks as a solid market for rental property investors. Median prices of $554K and rents of $2,344/mo drive the underlying numbers.

Should investors worry about vacancy in Belgrade, MT?

Belgrade, MT carries elevated vacancy risk. Expect steady absorption at market rents of $2,344/mo.

What does house hacking look like in Belgrade, MT?

House hacking in Belgrade, MT is reasonable to execute. Prices around $554K and rents of $2,344/mo solid owner-occupant economics.

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