For those of you looking to buy a home in Bozeman, here's hoping you either have a massive down payment or have a high-paying job.

The Bozeman real estate market has been crazy the last few years as home prices have skyrocketed, which means that the average Bozeman resident looking to purchase a home can't afford to do so.

The median home price in Montana is around 442 thousand, while the median home price in Bozeman is almost twice that at 839 thousand.

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Now, if you aren't super picky and don't mind living in a townhome, or a condo, you can certainly find some properties right around that half-a-million dollar mark, but if you have your heart set on a single-family home, as of this writing, it looks like there are only two available on Zillow.

First up, is a 3 bed, 1 bath located on Tracy Ave. The home is almost 1600 square feet and was built back in 1890. The home is actually on the National Register of Historic Places but needs a complete remodel on both the inside and out. The house is currently listed at 495,500 dollars.

Credit: Zillow.com, Engel & Volkers - Bozeman
Credit: Zillow.com, Engel & Volkers - Bozeman
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Credit: Zillow.com, Engel & Volkers - Bozeman
Credit: Zillow.com, Engel & Volkers - Bozeman
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Next up is a 3 bed, 1 bath home located on North Rouse Ave. The home is 903 square feet and recently had a price drop of 70 thousand dollars. Currently listed on Zillow for 499 thousand, this is another home that will require a complete inside and outside remodel.

Credit: Zillow.com, Keller Williams Montana Realty
Credit: Zillow.com, Keller Williams Montana Realty
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Credit: Zillow.com, Keller Williams Montana Realty
Credit: Zillow.com, Keller Williams Montana Realty
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Unfortunately, those are the only two single-family homes available for 500K or less. However, if you're wondering what 500 thousand will buy you in other Montana cities, let's take a look.

There is a 4 bed, 4 bath home in Billings with a backyard pool and hot tub listed at 499 thousand. The home is over 2700 square feet and has a 3-car garage along with a beautiful landscape.

Credit: Zillow.com, Berkshire Hathaway HS Floberg
Credit: Zillow.com, Berkshire Hathaway HS Floberg
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Credit: Zillow.com Berkshire Hathaway HS Floberg
Credit: Zillow.com Berkshire Hathaway HS Floberg
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Experts will say that one of the reasons for the high home prices in Bozeman is because of demand. Bozeman is a popular place, however, will it remain that way if normal folks can't afford to live here?

We shall see.

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