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Advertise here →Belgrade, MT · Market Data
Belgrade, Montana real estate market data.
Real estate market data for Belgrade, MT (Gallatin County) — Census median home value $469,600, county listing prices up about 7.6% over the past year.
Belgrade, MT is in Gallatin County, Montana — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 11,425, with a median household income of $88,896. Census data puts Belgrade's median home value at $469,600 (all owner-occupied homes); Gallatin County's current median listing price runs $943,250, up about 7.6% over the past year.
At a glance
Belgrade market snapshot
Population
11,425
Median Household Income
$88,896
Median Home Value (city)
$469,600
Median Listing Price (Gallatin County)
$943,250
Median Gross Rent
$1,582/mo
Price Trend (YoY)
+7.6%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Belgrade different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Belgrade's median home value — across all owner-occupied homes, not just recent sales — at $469,600. Separately, Gallatin County's current median listing price (via Realtor.com data, 2026-06-01) runs $943,250. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.
County Price Trend
Gallatin County's FHFA house price index shows a 0.1% annual change in 2025.
Population & Income
Belgrade has an estimated population of 11,425 and a median household income of $88,896, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Belgrade's Census-reported median home value works out to about 5.3x the area's median household income, and median gross rent runs roughly 21% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Belgrade FAQ
What are home values like in Belgrade, MT?
The Census Bureau's American Community Survey puts Belgrade's median home value at $469,600. Gallatin County's current median listing price runs $943,250, up about 7.6% over the past year.
What is the population of Belgrade, MT?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Belgrade's population at approximately 11,425.
What's the median rent in Belgrade, MT?
The Census ACS estimates median gross rent in Belgrade at approximately $1,582 per month.
What is the median household income in Belgrade, MT?
Census ACS data puts the median household income in Belgrade at approximately $88,896.
Is the Belgrade housing market growing?
Gallatin County's FHFA house price index shows a 0.1% annual change in 2025.
Is Belgrade, MT affordable relative to income?
Census ACS data puts Belgrade's median home value at about 5.3 times the median household income, with median gross rent equal to roughly 21% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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