Real Estate Investing in Manhattan, Montana

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1 ZIP codes • Population: 5,635 • Gallatin County

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

🏠 For Homebuyers
CAUTION
Grade D (50/100)

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 Manhattan, MT?

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3.0/ 5

Investability

Citywide average

2.0/ 5

Appreciation

3.6% 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 $677,622
Avg Monthly Rent $1,989
ZIP Codes 1

Investing in Manhattan Real Estate

Manhattan 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.

Investors considering Manhattan, MT should understand what the ★★★☆☆ rating represents — a market with material structural headwinds, not a temporary rough patch.

Market conditions in Manhattan are muted. Days-on-market has stretched, rent growth has stalled, and the 0.0% 5-year CAGR understates how uneven the underlying ZIPs really are.

Distressed-leaning demographics in Manhattan — soft income growth, high rent burden, population shifts — are among the reasons the ★★★☆☆ rating sits where it does.

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

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

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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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
$677,622
Avg Monthly Rent
$1,989
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 Manhattan, MT

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Frequently Asked Questions About Manhattan, MT

What are home prices like in Manhattan, MT?

Median home price in Manhattan, MT is near $678K, with a 5-year CAGR of 0.0%. Prices have been reliable and supportive of buy-and-hold strategies.

How should investors approach Manhattan, MT?

Most investors in Manhattan, MT run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.

What does house hacking look like in Manhattan, MT?

The a challenging house-hack environment in Manhattan, MT reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.

Is MT a landlord-friendly state?

The landlord environment in Manhattan, MT is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.

How much do tenants pay in Manhattan, MT?

Rent in Manhattan, MT is around $1,989/mo. The resulting rent-to-value relationship with $678K pricing is reasonable for most investor models.

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