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Gallatin County Housing Market

Montana · 56 counties · Ranked #3077 in home value

Above National Avg

Housing at a Glance

Median Home Value

$604,900

vs national+$604,900 vs $281,900 national

Median Gross Rent

$1,574/mo

vs national+$1,574 vs $1,163 national

Effective Tax Rate

0.60%

vs national0.60% vs 1.02% national

Median Household Income

$87,454

vs national+$87,454 vs $74,755 national

Affordability Ratio

6.9x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

29.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$3,625

Tax as % of Home Value

0.60%

Monthly Owner Cost

$1,610

Renter Income

$65,440

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Frequently Asked Questions

What is the median home value in Gallatin County?

The median home value in Gallatin County is $604,900. This is above the national median of $281,900.

How much is rent in Gallatin County?

The median gross rent in Gallatin County is $1,574 per month.

What is the property tax rate in Gallatin County?

The effective property tax rate in Gallatin County is 0.60%. The median annual property tax bill is $3,625.

Is Gallatin County affordable?

With a home-value-to-income ratio of 6.9x, Gallatin County is considered expensive compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.