Real Estate Investing in Bozeman, Montana (59718)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 59718 (Bozeman, MT)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Bozeman, MT (59718)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 59718 Bozeman
Meanwhile, ZIP 59718 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $648K median. It rewards specialists, not generalists.
Distressed markets are won on execution, not on spreadsheets. ZIP 59718 registers the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within MT, ZIP 59718 trails on several market indicators that neighboring Gallatin County submarkets outperform. The gap is real and notable enough to shape underwriting.
Stepping back, 43,750 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The right play in 59718 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Bozeman:
Property Strategy for 59718
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $361,925 | $1,840 | 3.7% | +3.6% | $361,925 |
| 2BR | $427,806 | $2,420 | 4.1% | +7.4% | $213,903 |
| 3BR | $608,437 | $3,370 | 4.0% | +7.3% | $202,812 |
| 4BR | $854,251 | $3,970 | 3.3% | +7.4% | $213,563 |
| 5BR | $1,104,862 | — | — | +8.5% | $220,972 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 59718 Compare?
| Metric | 59718 | Bozeman | Bozeman, MT | Montana |
|---|---|---|---|---|
| Home Value | $647,669 | $305,034 | N/A | $457,278 |
| 5-Year CAGR | 2.4% | 2.6% | N/A | 9.2% |
| Avg Rent | $2,228 | $2,138 | N/A | - |
| Cap Rate | 2.7% | 2.3% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 59718 (Bozeman, 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
H3 Property Management offers full-service property management in Bozeman, providing expertise for property owners and helping tenants find rentals. summary from their website
Real Property Management Bozeman provides property management services in Bozeman, MT. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $647,669 |
| Monthly Rent | $2,228 |
| Price-to-Rent | 24.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 5.1% |
📈 Home Appreciation
| 1-Year | +0.5% ▲ |
| 3-Year CAGR | +1.3% ▲ |
| 5-Year CAGR | +2.4% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 Rent Trends
| 1-Year | +0.3% ▲ |
| 3-Year CAGR | -0.6% ▼ |
| 5-Year CAGR | +2.7% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.7%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 59718
Population: 43,750
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 59718
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,034 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Bozeman, MT better for rentals, flips, or BRRRR?
Most investors in Bozeman, 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.
How expensive is real estate in Bozeman, MT?
Bozeman, MT median home values land near $648K. That is reasonable territory for investors looking at $2,228/mo-per-month rentals.
Are there empty rentals in Bozeman, MT?
Bozeman, MT vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What is the typical renter like in Bozeman, MT?
Bozeman, MT draws a measured base of working renters. Demand at the $2,228/mo rent level is reasonable for standard single-family and small multi rentals.
Is Bozeman, MT a smart market for rental property?
Bozeman, MT scores 3.0/5 for investability. Home values sit at $648K and rents near $2,228/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 59718 now. You don’t know where it ranks.
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How 59718 ranks in Bozeman, MT
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