The story of this market
The typical home in ZIP 59734 sells for about $825,000, or $415 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $2,150 a month.
ZIP 59734 — Lima
The Gallatin Gateway market remains stable with high demand for limited inventory, keeping prices elevated. Growth is constrained by geography and zoning, which continues to support long-term value appreciation despite higher interest rates.
This ZIP is ideal for outdoor enthusiasts, families seeking a rural lifestyle with proximity to Bozeman, and remote workers who value access to mountain recreation.
Median prices moved up 4.2% year over year.
Homes spend a median of 68 days on market with 8.4 months of supply — a slower-moving market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.8% · poverty 9.8% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 9.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 59734, Gallatin County MT
Crime rates in Gallatin Gateway are generally low and consistent with rural Montana standards, with no significant upward trends reported.
The area is served by the Gallatin Gateway School District, which provides primary education in a small-community setting with high student-to-teacher engagement.
The region faces moderate wildfire risk typical of the Gallatin Valley, requiring residents to maintain defensible space and adhere to local fire mitigation guidelines.
Economic momentum is driven by proximity to Bozeman's expanding tech and service sectors, with infrastructure development focused on managing regional population growth.
Property taxes are assessed by Gallatin County based on market value, with mill levies determined by local school districts and county services; no state income tax applies to individuals.
Commuting primarily involves driving via US-191 toward Bozeman, which serves as the primary employment and commercial hub for the region.
The area offers immediate access to world-class outdoor recreation, including fly fishing on the Gallatin River, hiking trails in the Gallatin National Forest, and proximity to Big Sky Resort.
The rental market is characterized by low vacancy rates and high demand from seasonal workers and long-term residents, with limited multi-family inventory.
The economy is anchored by tourism, outdoor recreation, and services, with significant employment spillover from the nearby Bozeman and Big Sky labor markets.
Transportation is almost exclusively private vehicle-based, with US-191 serving as the primary arterial corridor connecting the community to the broader Gallatin Valley.
Development is strictly managed by county zoning to preserve rural character, with limited new residential subdivisions approved in the immediate ZIP area.
Gallatin County utilizes a mass appraisal system to determine market value for property tax purposes, updated on a cyclical basis.
Parcels are subject to Gallatin County levies, Gallatin Gateway School District taxes, and various rural fire district assessments.
Property insurance premiums are rising due to increased wildfire risk and regional construction cost inflation.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Renowned for world-class fly fishing and rafting.
Provides extensive hiking, camping, and wilderness access.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.