Median Home Price
$683,515.05
Median Rent
$2,137.23/mo
Price-to-Rent RatioBETTER
26.7
Property Tax RateTIE
0.83%
Price Change (1Y)
-2.6%
Price Change (5Y)
-13.2%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$512,534
Median Home PriceBETTER
$558,039.58
Median RentBETTER
$1,475.08/mo
Price-to-Rent Ratio
31.5
Property Tax RateTIE
0.83%
Price Change (1Y)BETTER
+0.7%
Price Change (5Y)BETTER
+3.6%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$538,440
Key Differences
Home Prices
Bozeman's median home price of $683,515.05 is higher than Missoula's $558,039.58 by 22%.
Monthly Rent
Renting in Bozeman costs $2,137.23/mo compared to $1,475.08/mo in Missoula—a difference of $662.15/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.