Mortgage Rates in Bozeman, Montana — March 2026
Updated March 2026 | Based on Bozeman market data and regional lending conditions
Bozeman is a growing city in Montana with a population of 53,293. The current 30-year fixed mortgage rate in Bozeman is 6.71%, which is 0.06% above the national average. With a median home price of $625,000 and a 20% down payment of $125,000, homebuyers can expect a monthly principal and interest payment of approximately $3,230.
Current Mortgage Rates in Bozeman, MT
Below are the current average mortgage rates available in the Bozeman area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.71% | 6.65% | +0.06% |
| 15-Year Fixed | 5.95% | 5.89% | +0.06% |
| 5/1 ARM | 6.21% | 6.15% | +0.06% |
| FHA | 6.31% | 6.25% | +0.06% |
| VA | 6.11% | 6.05% | +0.06% |
| Jumbo | 6.91% | 6.85% | +0.06% |
Bozeman Housing Market Overview
The Bozeman housing market is competitive with prices well above the national median. The median household income in Bozeman is $55,250, and the cost of living index is 118.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $156,943 to comfortably afford the median-priced home in Bozeman, which exceeds the current median household income.
Monthly Payment Breakdown for Bozeman
Based on the median home price of $625,000 with 20% down ($125,000), here is what you can expect to pay monthly in Bozeman:
15-Year vs. 30-Year Mortgage in Bozeman
Choosing a 15-year mortgage in Bozeman at 5.95% instead of a 30-year at 6.71% would save you $405,720 in total interest over the life of the loan. However, your monthly payment would be $4,206 instead of $3,230 — an increase of $976 per month.
Calculate Your Bozeman Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Bozeman
What are the current mortgage rates in Bozeman, MT?
As of March 2026, the average 30-year fixed mortgage rate in Bozeman, Montana is 6.71%, while the 15-year fixed rate is 5.95%. FHA loans average 6.31% and VA loans 6.11%. These rates are 0.06% above the national average of 6.65%.
How much is a monthly mortgage payment in Bozeman?
Based on the median home price of $625,000 with 20% down, the estimated monthly mortgage payment in Bozeman is $3,230 for principal and interest. Including property taxes of $432/month, the total monthly housing cost is approximately $3,662.
What income do I need to buy a home in Bozeman?
Using the 28% rule, you would need an annual income of approximately $156,943 to afford the median-priced home in Bozeman at $625,000. The median household income in Bozeman is $55,250. This means most households would need to either earn above the median or consider homes below $625,000.
Is Bozeman a good place to buy a home in 2026?
Bozeman has a moderate cost of living with a cost of living index of 118.5 (national average = 100). The property tax rate in Montana is 0.83%, which is near the national average. Bozeman has a population of 53,293 and offers a balanced lifestyle.
Mortgage Rates in Other Montana Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Bozeman, Montana area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.