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Your Source For Real Estate in the Gallatin Valley

By Timothy Hart | Broker in Bozeman, MT
  • Rentals In Bozeman, MT

    Posted Under: General Area in Bozeman, In My Neighborhood in Bozeman, Rental Basics in Bozeman  |  February 3, 2012 7:18 AM  |  217 views  |  No comments

    Bozeman Montana Rental Study (Part 2 of 2) 

    Housing has been recognized as Bozeman’s top priority and more specifically—rentals. City Commissioners suspended an ordinance that requires developers to price a portion of new homes or condos under $200,000 when the economy crashed. Peter Werwath, principal of Werwath Associated who was hired to analyze Bozeman Housing Needs reports “…the city should consider including elements in its pending affordable housing plan that encourage construction of rental units, with a particular emphasis on production of rental units affordable to households between 30 percent of area median income and 50 percent of area median income.” (median income is $66,700 for a family of four) 

    It will be interesting to see where the housing market here in Bozeman will go….

    Selected Income and Housing Indicators for Bozeman and Other Areas, 2010 

    Source: U.S. Census Bureau. 2008-2010 American Community Survey, Werwath and Associates Survey


    Measure                                         Bozeman   Gallatin County      Billings        Missoula    Montana     United States
    Median Rent746           799                   688           691       639              850     
    Rental Vacancy Rate1.8     6.0            8.1          
    For-sale Housing Vacancy Rate4.3           2.7     0.3    0.8   1.8            2.5  

    To read full article: http://www.bozemandailychronicle.com/news/city/article_8347be3c-4a3f-11e1-8bac-001871e3ce6c.html


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