Compare Bozeman, MT mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Bozeman.
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September 26, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Bozeman. Understand how much you need to earn to afford a home in Bozeman, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Bozeman fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Bozeman is right for you.
The median home value for Bozeman, MT (Gallatin County) is $548,815
Based on current mortgage rates and a 10% down payment, you need to make $89,921 per year to buy the median priced home in Bozeman
With this income, you could qualify for a $493,934 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Bozeman is $2,082
The median household income for Bozeman, MT (Gallatin County) is $81,517
Based on this income, you can afford a home valued at approximately $497,523
The home price you can afford to buy based on household income in Bozeman is 91% of the median home value which means housing prices are expensive. Bozeman (Gallatin County) ranks 54 out of 56 counties in Montana and 3,071 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Bozeman, MT is expensive
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Bozeman (Gallatin County) below.
Conforming loan limits for Bozeman, MT
FHA loan limits for Bozeman, MT
VA loan limits for Bozeman, MT