Location: Bozeman, MT | Metro: Bozeman, MT MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,470 |
| 1 Bedroom | $1,610 |
| 2 Bedrooms | $2,110 |
| 3 Bedrooms | $2,920 |
| 4 Bedrooms | $3,490 |
| 5 Bedrooms | $4,048 |
| 6 Bedrooms | $4,534 |
| 7 Bedrooms | $4,897 |
| 8 Bedrooms | $5,142 |
The market in ZIP code 59772, located in an unspecified area of Montana, is characterized by limited data, yet the available figures provide insight into its current state and potential dynamics. The Fair Market Rent (FMR) for the area stands at $2,150 for fiscal year 2026, indicating a stable rental market with a known benchmark for affordability.
A notable absence in the data is the current market rent, which suggests that either the market is relatively quiet or that there's a lack of recent transactions to establish a trend. This can also imply that the area might be less frequented by real estate analysts, leading to fewer updates on market conditions.
The missing percentage for price-cut share and days on market (DOM) indicate that there isn't a significant inventory turnover or that the listings aren't experiencing prolonged periods of inactivity. This could mean that the market is steady, with properties selling within reasonable time frames without the need for substantial price adjustments.
ZIP 59772 also lacks a reported median home value, which makes it challenging to assess the overall wealth level of the area. However, the absence of this figure does not necessarily point towards a negative market condition; it simply means that there is insufficient data to make a definitive statement on property values.
The unknown percentage of renters in the area suggests that there is a considerable portion of the population who prefer renting over owning. This could reflect a demographic trend where individuals are choosing to remain renters due to economic factors, lifestyle preferences, or uncertainty about future plans. Over the long term, this could exert upward pressure on rents if the number of renters continues to grow relative to the number of homeowners.
In summary, ZIP 59772 presents a market where the dynamics are not fully clear due to limited data. However, the presence of a known FMR and the implication of a stable rental market suggest that demand is likely keeping pace with supply. The high proportion of renters indicates ongoing housing pressure, which could influence future rental rates positively.
Data Sources: FMR data from HUD (2027).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.