As the average price of a home in Bozeman continues to rise, many homebuyers are finding that it is simply not an option for them 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, and Bozeman's other surrounding areas.
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 miles of town.
Livingston is located 25 miles from Bozeman. Many people make the commute over the Bozeman pass daily, although the road can be difficult and sometimes closed in the winter.
The Absaroka mountain range is the backdrop to this town of 7,200 people. There are three elementary schools, one middle school, and one high school. The median price of a single-family home in Livingston is $311,250, 41% less expensive than a single-family home in Bozeman.
Belgrade is often the first place many people look to as an alternative to living Bozeman. Located just 11 miles apart, many people wonder what could possibly be so different about these sister 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, but Belgrade has a strong community with great neighborhoods and is set to make many improvements to its infrastructure in the next several years.
With a population of approximately 8,300, Belgrade has 4 elementary schools, 1 middle school and 1 high school. The Yellowstone International Airport is located just outside of town and is expected to bring significant growth to the area.
The median price of a single-family home in Belgrade is $333,000 34% 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. 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.
Manhattan has 1 elementary school, one middle school, and one high school.
The median price of a home in Manhattan is $412,500, 13% less expensive than Bozeman.
Three Forks, Montana
Home to a talc processing mill which processes 3% of the worlds 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 $294,000 46% 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 here more expensive than in Bozeman.
The median cost of a home in Gallatin Gateway is $800,750, 52% more expensive than in Bozeman.
*median home prices as of July, 2019. Statistics courtesy of the Gallatin Association of Realtors.