As the average price of a home in Bozeman continues to rise, many home buyers are finding that it is simply not an option to buy a home in Bozeman. So, what are the alternatives? Keep reading to learn more about the cost of a home in Belgrade, Livingston, Manhattan, Three Forks, Gallatin Gateway, and Big Sky.
We also did a podcast episode on this topic. We discuss the home prices in all of these areas, the area's amenities, drawbacks, and what we love about each of them. Click here to listen on iTunes, click here to listen on Spotify.
If you love Bozeman’s breweries, art galleries, restaurants, and the outdoors, Livingston, Montana is a wonderful place to consider. Over the past few years, Livingston has started to transform from a dusty small town to a pretty happening place. Along with its growing cultural scene, Livingston has plenty to offer outdoor enthusiasts. Sitting on the banks of the Yellowstone River at the north end of Paradise Valley, you’ll find some of the best fishing, floating, hiking, and camping within a few miles of town. Click here for a guide to moving to Livingston, Montana.
Livingston is located 25 miles from Bozeman. Many people make the commute over the Bozeman pass daily, although the road can be difficult to travel and sometimes closed in the winter. Check out this list of 6 things you should know before moving to Livingston, Montana.
The Absaroka mountain range is the backdrop to this town with a population of approximately 8,000 people. There are three elementary schools, one middle school, and one high school. The median price of a single-family home in Livingston is $400,000 - 39% less expensive than a single-family home in Bozeman.
Belgrade is often the first place many people look to as an alternative to living in Bozeman. Located just 11 miles apart, many people wonder what could possibly be so different about these two towns. Homeowners in Belgrade enjoy significantly lower housing costs than Bozeman along with great schools, mountain views, and abundant parks and recreational areas. The character of the two towns is very different, read our post Bozeman vs Belgrade. Belgrade has a strong community with great neighborhoods and is set to make many improvements to its infrastructure in the next several years. Click here for a guide to moving to Belgrade, Montana.
With a population of approximately 9,500, Belgrade has 4 elementary schools, 1 middle school, and 1 high school. The Yellowstone International Airport is located just outside of town and is bringing significant growth to the area.
The median price of a single-family home in Belgrade is $443,609 - 33% less expensive than Bozeman.
Located approximately 20 minutes west of Bozeman, Manhattan is a quiet little town with wide-open spaces, rural roads, and views of rolling farm fields with mountains in the distance. With a population of approximately 1,700, the community is tightly knit. If you are thinking of buying a home in Manhattan, click here for 6 things you should know! Residents can enjoy many community events, festivals, and celebrations throughout the year, but Manhattan is best for those looking for a quiet way of life. Click here for our guide to moving to Manhattan
Manhattan has 1 elementary school, one middle school, and one high school.
The median price of a home in Manhattan is $620,000, 6% less expensive than Bozeman.
Three Forks, Montana
Home to a talc processing mill that processes 3% of the world's talc supply, many Three Forks residents live there as mill employees or family members of employees. Historically, Three Forks is an incredible place. Visited by Lewis and Clark in 1805, Three Forks is the point where the longest river in North America, the Missouri, begins. Residents enjoy one of the greatest rodeos in the area along with fantastic fishing, floating, hiking, and camping.
With approximately 2,000 residents, Three Forks has one elementary school, one middle school, and one high school.
The median cost of a home in Three Forks is $397,000 - 40% less expensive than in Bozeman.
Gallatin Gateway, Montana
Just a hop-skip-and-a-jump from Bozeman, Gallatin Gateway sits at the mouth of Gallatin Canyon. A popular place for many who work in Big Sky, Gallatin Gateway is known for beautiful homes and expansive lots spread throughout the rolling hills of the valley. Many homes enjoy incredible views of the Spanish Peaks, Madison, and Gallatin Range.
The town of Gallatin Gateway itself is small, with a handful of businesses, an elementary school & middle school. Residents enjoy quick access to the famed Gallatin River, enjoying fishing, kayaking & rafting. The majority of homes in Gallatin Gateway sit on large plots of land, making the average price of a home in Gallatin Gateway more expensive than in Bozeman.
The median cost of a home in Gallatin Gateway is $1,250,000.
Big Sky, Montana is in a world of its own, both geographically and economically. As one of the most desirable ski destinations in the United States and home to three exclusive ski/golf communities, The Yellowstone Club, Spanish Peaks Mountain Club, and Moonlight Basin. the cost of a home in Big Sky far exceeds real estate prices in nearby areas.
Big Sky is a small community with an estimated population of 3,098 year-round residents. Big Sky Resort and the ski/golf communities bring in thousands of visitors each year, some who stay for a week and others who stay for months. There are also hundreds of workers that commute to Big Sky from Bozeman and other surrounding areas to work each day. There is one K-12 public school in Big Sky as well as a Montessori based Pre-K - 12th grade school called Discovery Academy and Learning Center. For more about living in Big Sky, read 5 things you should know before moving to Big Sky, Montana.
As for recreation, Big Sky is an outdoor enthusiast's dream. Big Sky is known for its skiing, but it also offers incredible mountain biking, hiking, rock climbing, rafting, and fishing. In the summer, Big Sky Resort offers lift service to over 20 miles of mountain biking trails and there are at least a dozen other nearby trails that are great for biking and hiking. Gallatin Canyon is a popular destination for rock climbing with routes for all levels. And the nearby Gallatin River offers world-class trout fishing along with a wide variety of whitewater for rafting or kayaking.
The median cost of a single-family home in Big Sky is $2,750,000.
*median home prices as of March 2021 based on 3-months of activity. Statistics courtesy of the Gallatin Association of Realtors.