ZIP 59741· Gallatin County· Bozeman, MT· 5,635 residents· Median income $86,382· Balanced
59741 · Manhattan, MT has a HavenScore of 45 — affordability is the drag — prices are stretched against local incomes.
At the ZIP's typical value, the estimated monthly payment takes 60% of the local median income (Zillow, US Census ACS). The buyer/seller gauge reads balanced. Typical values were flat over the last 90 days (Zillow ZHVI).
Saved ZIPs on Haven get an email when the score moves 5+ points as monthly data lands, when the market gauge flips between buyers and sellers, when its valuation read moves against the model value, or when distress jumps in a week.
Zillow ZHVI peaked at $679,833 in Mar 2026 and, after a -9.1% drawdown, is back at that level. Since January 2019 it is +80.4%. The sharpest 12-month move was -7.4%, ending Jun 2023.
HavenScore: higher than 26% of scored ZIPs.Higher than 26% of scored ZIPs
▲ +3 / 90d#3/10 in MTBuyer Score
Rank
Ranked #10,006 of 13,130 nationally · #4,214 of 5,378 small market ZIPs
Switch perspective
Buyer view active — Leans harder on affordability and downside risk.
Score inputs below recompute for this view
Affordability
29/100
Growth
57/100
Risk
51/100
Momentum
53/100
Livability
54/100
Score · trailing 12 mo
36 → 46
+10 points
30-day
+1
90-day
+3
1-yr
+10
01
Snapshot
Numbers at a glance, with a year of history under each
Median price
$677,986
▲up+3.1% 12 mo
Typical home value across the middle tier of homes here — a smoothed Zillow index, steadier than individual sale prices.
Median price: higher than 85% of scored ZIPs.Higher than 85% of scored ZIPs
Twelve-month trend shown as a sparkline; the newest value is $677,986.
Price-to-income
7.8×
Median home value divided by median household income. Under 4× has historically been comfortable; over 5× stretches most budgets.
Price-to-income: higher than 90% of scored ZIPs.Higher than 90% of scored ZIPs
Est. monthly payment
$4,306
At the median value with 20% down, a 30-year fixed at 7.28%, plus property tax and insurance.
Est. monthly payment: higher than 86% of scored ZIPs.Higher than 86% of scored ZIPs
Active listings
33
Homes listed for sale right now (Realtor.com). Rising inventory usually favors buyers; falling inventory favors sellers.
Active listings: higher than 32% of scored ZIPs.Higher than 32% of scored ZIPs
Twelve-month trend shown as a sparkline; the newest value is 33.
Days on market
59
How long the typical listing sits before going under contract. Shorter means a tighter market; longer means more room to negotiate.
Days on market: higher than 57% of scored ZIPs.Higher than 57% of scored ZIPs
Twelve-month trend shown as a sparkline; the newest value is 59.
Price cuts
+21.05%
Share of active listings that have lowered their asking price. Rising cuts usually precede softening values.
Twelve-month trend shown as a sparkline; the newest value is +21.05%.
Median income
$86,382
Median household income here, from the latest US Census American Community Survey.
Population
5,635
Current resident estimate. Growth is a demand tailwind; decline is a structural risk.
Twelve-month trend shown as a sparkline; the newest value is 5,635.
Overvaluation
+68.82%
How far today's values sit above the long-run price trend. Positive means stretched; negative means discounted versus trend.
Vacancy
3.9%
Below-average. Share of housing units that are vacant in this ZIP, from the latest US Census ACS 5-year tables.
Owner-occupied
79%
of homes. Share of occupied housing units owned by their occupants (vs. rented), from the US Census ACS.
Denial rate
19.8%
Average. Share of mortgage applications denied in 2024 across this ZIP's county, from CFPB / FFIEC HMDA data.
Lending activity
2,267
county originations. Mortgages originated in 2024 across this ZIP's county, from CFPB / FFIEC HMDA data. Every ZIP in the county shows the same count. Higher counts mean a more active lending market.
Net migration
+3.4%
net inflow. Households moving into this ZIP's county minus those moving out, as a share of all moves in and out, from IRS SOI county-to-county migration data. Positive means more households moved in than out.
Income inflow
$80k
average. Average adjusted gross income of households moving into this ZIP's county, from IRS SOI migration data. Higher means the county is drawing higher-income households.
02
Place
What it is like to live here, and what could flood or burn
Place profile
WalkabilityBelow-average walkability
EPA index 6.2 of 20 · EPA Smart Location Database · Jun 2021 · above 40% of scored ZIPs
Transit accessNo transit data
EPA publishes no stop distance for most block groups
Typical commuteTypical commute
20 minutes one way · US median ZIP 22 · US Census ACS · above 64% of scored ZIPs
Jobs nearbyFew jobs nearby
9 jobs per sq mi · US Census LODES · above 5% of scored ZIPs
Physical riskVery High (FEMA)
FEMA National Risk Index composite · Dec 2025 release · above 16% of scored ZIPs
Bands are each source’s own · tick marks the national median ZIP · not blended into the score
Hazard ledger · FEMA National Risk Index
Composite
◆
Very High · county 97
Flood
score 69 · above 54% of ZIPs · county 71
Wildfire
score 91 · above 87% of ZIPs · county 96
Hurricaneunknown
Tract-level rolled up to ZIP · not a property-level rating · no future-year projection · refreshed annually (Dec 2025 release) · county tick = median of 10 scored ZIPs in Gallatin County
Everyday prices · BEA Regional Price Parities
Everyday prices in the Bozeman metro run 3% above the US average (BEA Regional Price Parities, 2024).
Rents in the index run 39% above the US average.
$75,000 at US-average prices buys what $76,900 buys here.
Metro-level index, US = 100 · 2024 · the Bozeman metro, not this ZIP alone
Housing cost burden · US Census ACS
Owners spending over 50% of income7%
US median ZIP 6%
Renters spending over 30% of income44%
US median ZIP 45%
03
What drives the score
Five pillars, each scored 0–100
Affordability
29/100
Growth momentum
57/100
Market risk
51/100
Momentum
53/100
Livability
54/100
Walkability
1–20 index · June 2021 vintage·EPA Smart Location Database
6.2
Transit access
Ranked against every scored ZIP·EPA Smart Location Database
—
Job density
Jobs per square mile, ranked against every scored ZIP·US Census LODES
9.4
See every input behind the pillars, with its value and source
Inside: Affordability: Price-to-income, Property tax rate, Median income · Growth momentum: 12-month price change, 12-month rent change, Population · Market risk: Overvaluation, Active listings, Price cuts · Momentum: Days on market, Buyer / seller gauge, Demand dial
13.8 permits per 1,000 residents — new supply incoming
Potentially overvalued
69% above historical price-to-income
Widespread price cuts
21% of listings cutting price
Buyer / seller gauge
Market conditions
Balanced
Fair conditions. Negotiation typical for the area.
0
Strong buyerBalancedStrong seller
Gauge since Mar 2026Leaning Buyer now
Mar
Apr
May
Jun
Jul
Aug
Sep
Buyer’sBalancedSeller’s
Cycle read. Cooling: prices +3.1% over the trailing year, with the market leaning toward buyers.
Asking vs closed
Typical value (index)
$677,986
Zillow ZHVI · Oct 2026
Median sale price
$675,000
Redfin · Oct 2026
Sale-to-list
—
Redfin · Oct 2026
Sold above list
0.0%
Redfin · Oct 2026
The Zillow figure is a smoothed index of typical value, not a list price; the Redfin figures are closed sales for the month shown. Redfin does not publish every ZIP every month; a dash means no closed-sale figure for the latest month.
05
Momentum check
What's changed in the last 90 days
🔒 Haven
Locked
Median price
——
🔒 Haven
Locked
Inventory
——
🔒 Haven
Locked
Days on market
——
🔒 Haven
Locked
Price cuts
——
Change vs. prior 90 days · arrow shows direction, not whether it’s good or bad
Pulse signals unlock with Haven, plus a one-line market interpretation.
The 90-day numbers behind each tile open with Haven
06
Trend
Where it's been
Peak
$679,833
Mar 2026
From peak
-0.3%
5 mo ago
Since Jan 2019
+80.4%
Worst 12 mo
-7.4%
to Jun 2023
Best 12 mo
+31.0%
since 2018
Zillow ZHVI peaked at $679,833 in Mar 2026 and, after a -9.1% drawdown, is back at that level. Since January 2019 it is +80.4%. The sharpest 12-month move was -7.4%, ending Jun 2023.
Cycle position — prices vs the model’s value estimate and the payment’s share of income vs five years ago — opens with Pro
Appreciation by window
Zillow ZHVI · rank among scored ZIPs
Window
Change
Per year
US rank
Montana rank
1 year
▲up+3.1%
+3.1%/yr
Higher than 64% nationally
Higher than 66% in Montana
3 years
▲up+6.9%
+2.2%/yr
Higher than 48% nationally
Higher than 60% in Montana
5 years
▲up+14.8%
+2.8%/yr
Higher than 28% nationally
Higher than 11% in Montana
10 years
▲up+111.8%
+7.8%/yr
Top 14% nationally
Higher than 60% in Montana
Since 2009
▲up+181.7%
+6.1%/yr
—
—
Starter homes vs the top tier
Zillow ZHVI tiers · Aug 2026
Bottom third (starter homes)
$473,060
▲up+22% 5Y▲up+132% 10Y
Middle third
$677,986
▲up+18% 5Y▲up+117% 10Y
Top third
$1,231,081
▲up+20% 5Y▲up+121% 10Y
Starter homes here rose 22% in five years while top-tier homes rose 20% (Zillow ZHVI tiers) — the two ends of the market moved together.
3-bedroom homes here run 30% above 2-bedrooms (Zillow ZHVI by bedroom); the MT median premium is 28%.
The historical reading — which months run highest and lowest here — opens with Haven
Rent, inventory, days on market, Zillow’s market heat, the % view and state and US reference lines open with Haven
07
Forecast
Where it's heading
The HavenScore Forecast Model (v1) projects this ZIP’s median value at 3-, 6-, and 12-month horizons, with 80% prediction intervals; Pro adds 24- and 36-month horizons.
Price Forecast
3-month projection · 80% range
🔒 Haven
3-month shown | 6 & 12 months with Haven →
3-month
$677,647
-0.1%
80% range $668.6K–$688.6K
6-month
🔒 Haven
12-month
🔒 Haven
Of the 3-month ranges we published since December 2025, 54% contained the actual price. Track record →
6- and 12-month projections, their 80% ranges, and what moves the forecast unlock with Haven.
Zillow's own published forecast has this ZIP's typical value rise 1.5% over the twelve months from August 2026 (Zillow Home Value Forecast).
Forecasts are the model’s projection, not a prediction. Actuals will differ.
See the 6- and 12-month price ranges for this ZIP and what moves the forecast
Rent data isn’t published for this ZIP, so we can’t compute a rent-vs-buy gap.
Insurance uses the average homeowners premium insurers reported for this ZIP in 2022, $2,123 a year (Treasury Federal Insurance Office).
Payment share of income
0%28%36%50%70%+
60%of the ZIP’s median income at the median value ($4,306/mo against $86,382 · Zillow, Freddie Mac PMMS, US Census ACS). Your own marker appears once you set an income or price in the calculator below.
Price-to-income · ZIP vs state vs US
This ZIP
7.8×
MT median ZIP
6.2×
US median ZIP
4.3×
Median home value ÷ median household income · Zillow ZHVI, US Census ACS · under 4× has historically been comfortable
09
Run the numbers
Your price, rate, down payment and income
Like for like: a 3-bedroom here rents for about $3,070 a month (HUD Small Area Fair Market Rent, FY2026) against a typical 3-bedroom value of $624k (Zillow ZHVI by bedroom) — a 5.9% gross rent yield.
Cost of ownership over time
Cumulative housing cost, interest paid, and equity built · 20% down · ZIP median income $86,382
See the 1-, 5-, and 30-year cost of owning here
Inside: Total housing cost · Interest paid · Principal paid · Equity built
ZIPs the score groups near 59741 on Affordability and Growth — sorted by lowest median value. Each tile names what the lower price trades: commute (ACS), walkability band (EPA) and hazard rating (FEMA).
Every metric above is sourced from public datasets, normalized against the national ZIP distribution. Home values and rents refresh monthly; demographics refresh annually.
Data-driven market takes and the week's biggest ZIP movers, every Tuesday. Want this ZIP specifically? Save it to your account — saved ZIPs get a monthly digest of what changed.