How much is a home worth in ZIP code 59718?

The typical home in 59718 is worth $650,678, based on the Zillow Home Value Index.

Are home values rising in 59718?

Home values in 59718 are down 2.0% over the past year, and up 4.2% a year over five years.

What is the typical rent in 59718?

A typical home in 59718 rents for about $2,242 a month, a gross rental yield of 4.1%.

What is the property tax rate in 59718?

The effective property tax rate in 59718 is 0.5% — roughly $3,560 a year on a typical home.

ZIP code 59718 has a population of 44,585 and a median household income of $99,123.

HousingHandbookReference data

…

U.S. ZIP Code · MT59718

Gallatin County · Bozeman, MT

Typical home value

$650,678^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -2.0%
5-year / yr: +4.2%
10-year / yr: +7.4%

Relative price

vs U.S.: +129.1%
vs metro: ≈ metro median
vs state: +55.1%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 59718 is worth $650,678. Over the past year, values have fallen 2.0%. Homes here rent for a typical $2,242 a month — a 4.1% gross rental yield. The effective property tax rate is 0.5%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $2,242^[2]
Gross yield: 4.1%^[2]
Cap rate: 2.5%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.5%^[3]
Typical annual tax: $3,560^[3]

#Climate risk

FEMA National Risk Index ratings for Gallatin County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Moderate^[4]
Riverine flood: Relatively Low
Coastal flood: Not Applicable
Wildfire: Relatively Moderate
Drought: Relatively Low
Heat wave: Very Low
Hurricane: Not Applicable
Tornado: Very Low
Earthquake: Relatively Moderate
Winter weather: Very High

#Who lives here

Population: 44,585^[3]
Median household income: $99,123^[3]

#Migration

Household moves in and out of Gallatin County over a year, from IRS tax-return data.

Net migration: +344^[5]
Moved in: 5,391
Moved out: 5,047

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 10
Elementary: 6
Middle: 3
High: 1

Gallatin High School
High · Grades 9–12 · Bozeman H S
1,479 students
Chief Joseph Middle School
Middle · Grades 6–8 · Bozeman Elem
757 students
Hyalite Elementary
Elementary · Grades PK–5 · Bozeman Elem
553 students
Meadowlark Elementary
Elementary · Grades PK–5 · Bozeman Elem
511 students
Monforton School
Elementary · Grades 3–5 · Monforton Elem
262 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield4.1%

Net yield (after ~40% expenses)2.5%

Annual rent$26,903

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$3,290

Loan principal$520,543

Down payment$130,136

Total interest paid$663,924

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.84

Monthly cost to own$4,131

Monthly rent$2,242

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 14th percentile^[1]
Rental yield: 50th percentile^[2]
Property tax: 57th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

3rd for most populous in MTView list →

Frequently asked

How much is a home worth in ZIP code 59718?: The typical home in 59718 is worth $650,678, based on the Zillow Home Value Index.
Are home values rising in 59718?: Home values in 59718 are down 2.0% over the past year, and up 4.2% a year over five years.
What is the typical rent in 59718?: A typical home in 59718 rents for about $2,242 a month, a gross rental yield of 4.1%.
What is the property tax rate in 59718?: The effective property tax rate in 59718 is 0.5% — roughly $3,560 a year on a typical home.
Who lives in 59718?: ZIP code 59718 has a population of 44,585 and a median household income of $99,123.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

59758 vs 59718 →
West Yellowstone, MT
Typical home
$647,667
Gross yield
—
59741 vs 59718 →
Gallatin River Ranch CDP, MT
Typical home
$667,414
Gross yield
—
59714
Sedan CDP, MT
Typical home
$547,936
Gross yield
4.6%
59752
Wheatland CDP, MT
Typical home
$546,999
Gross yield
—
59760
Willow Creek CDP, MT
Typical home
$509,444
Gross yield
—
59715
Bozeman, MT
Typical home
$871,380
Gross yield
2.9%

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Pit ZIP 59718 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · MT59718

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