Intro to Bozeman

What Should Affordable Housing Look Like in Bozeman?

by Liz Nitz

Affordable Housing In Bozeman

Affordable housing in Bozeman is one of the biggest issues right now.  Affordability feels especially critical because of how tight the market has become since the pandemic. A huge influx of out-of-town buyers helped drive inventory down to record lows and prices up to record highs. The median price of a home in Bozeman is now up to $615,000 according to the latest Gallatin Association of Realtors Market Watch. 

The city commission recently approved a future growth plan that will increase the city’s footprint from 20.4 square miles to 70.8 over the next 20 years. As Bozeman grows, there will be opportunities to provide more affordable options. But it’s not just about the housing itself. I believe it’s also important to consider the bigger picture of creating healthy and thriving communities. Let’s take a look at what affordable housing should look like in Bozeman.

 

More Missing Middle Housing

Pictured is an apartment complex on the corner of Koch St. and Third Avenue. This multi-unit courtyard building sits right in the heart of the historic district in downtown Bozeman and blends in well with the single-family homes around it. It’s a great example of missing middle housing, which is defined as a type of housing that sits in the middle between detached single-family homes and mid-rise to high-rise apartment buildings. Missing middle housing often makes neighborhoods that would otherwise be out of reach more affordable. Many of the really nice, well-planned subdivisions in Bozeman like West Meadows, Flanders Mill and Valley West also feature smaller townhomes and missing middle options in their communities.

 

More Mixed-Use Neighborhoods

A mixed-use neighborhood is one where residential and commercial buildings intermingle in a way that encourages walking, biking, social connections and a real feeling of community. There is an organic vibrancy and diversity to mixed-use neighborhoods if they’re done right. The historic districts in downtown Bozeman are a great example. Take a walking tour and you will see lots of examples of missing middle housing options like duplexes, fourplexes, cottage courts and courtyard buildings mixed in with modest, single-family homes and multi-million dollar mansions. And best of all, the retail, restaurants and coffee shops on Main Street are just a quick 10- to 15-minute walk or bike ride from your door. The result is an engaged and lively neighborhood where college kids and young families mingle with empty-nesters and elderly neighbors.

Some great information on missing middle housing and mixed-use neighborhoods can be found at:

www.bluezones.com 

www.missingmiddlehousing.com 

In a future post I will highlight the new Bridger View project that was recently approved by the city commission. It will feature 31 market-rate homes set aside for working families in Bozeman who have been priced out of the market. If you’re a first-time homebuyer or just have questions about the Bozeman market, feel free to contact me at liz@windermere.com.

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The following homes listed below were just listed in the last 7 days. This seller’s market is hot so we keep a close eye on the latest inventory. Subscribe below for instant updates of your ideal criteria.

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1582 New Holland Way, Bozeman, Montana 59715

1582 New Holland Way, Bozeman, Montana 59715

3Bedroom(s)
2Bathroom(s)
0.16Acre
1,685Sqft
Stunning brand-new to be built, home, located in a convenient in town location. Walking distance to the Gallatin Regional Park, Dinosaur Playground, Dog Park and ponds. Homes feature shaker cabinets, quartz counters, luxury vinyl plank flooring. 8 foot doors throughout! A generous Master suite with huge walk-in shower, dual vanities and spacious closet. Good size living, dining, kitchen areas.
$487,500

1560 New Holland Drive, Bozeman, Montana 59715

1560 New Holland Drive, Bozeman, Montana 59715

3Bedroom(s)
2Bathroom(s)
0.12Acre
2,015Sqft
Stunning brand-new home to be built, located in a convenient in town location. Walking distance to the Gallatin regional park and Dinosaur playground. Home will feature shaker cabinets, quartz counters, luxury vinyl plank flooring. Main level has a 1/2 bath, living, dining, kitchen. Stainless appliances, enormous garage.
$525,951

402 Meriwether Avenue, Bozeman, Montana 59715

402 Meriwether Avenue, Bozeman, Montana 59715

3Bedroom(s)
3Bathroom(s)
0.13Acre
1,864Sqft
This townhome is in the heart of Bozeman is estimated to begin construction in November 2020. Units will include modern finishes such as LVP flooring, stainless appliances, granite counter tops, decks for entertaining, and a full landscape package. Interior units are 1,588 sq. ft. with 2-bedroom, 2-baths with single attached garages. Exterior units are 1,864 sq.
$435,000

432 Meriwether Avenue, Bozeman, Montana 59715

432 Meriwether Avenue, Bozeman, Montana 59715

3Bedroom(s)
3Bathroom(s)
0.10Acre
1,864Sqft
This townhome is in the heart of Bozeman is estimated to begin construction in November 2020. Units will include modern finishes such as LVP flooring, stainless appliances, granite counter tops, decks for entertaining, and a full landscape package. Interior units are 1,588 sq. ft. with 2-bedroom, 2-1/2 baths with single attached garages. Exterior units are 1,864 sq.
$435,000

1704 Lincoln Street C1, Bozeman, Montana 59715

1704 Lincoln Street C1, Bozeman, Montana 59715

2Bedroom(s)
2Bathroom(s)
1,041Sqft
Sweeping views of the Bridger Mountains from this brand new condo complex, and incredibly well located; just a short walk from the Bozeman Fieldhouse. These new construction condos boast dual bedroom ensuite. Bathroom shower and floor are tiled, and shower doors are glass.
$339,500

1704 Lincoln Street B8, Bozeman, Montana 59715

1704 Lincoln Street B8, Bozeman, Montana 59715

2Bedroom(s)
2Bathroom(s)
1,041Sqft
Sweeping views of the Bridger Mountains from this brand new condo complex, and incredibly well located; just a short walk from the Bozeman Fieldhouse. These new construction condos boast dual bedroom ensuite. Bathroom shower and floor are tiled, and shower doors are glass.
$339,500

1704 Lincoln Street B3, Bozeman, Montana 59715

1704 Lincoln Street B3, Bozeman, Montana 59715

2Bedroom(s)
2Bathroom(s)
1,041Sqft
Sweeping views of the Bridger Mountains from this brand new condo complex, and incredibly well located; just a short walk from the Bozeman Fieldhouse. These new construction condos boast dual bedroom ensuite. Bathroom shower and floor are tiled, and shower doors are glass.
$339,500

1704 Lincoln Street B2, Bozeman, Montana 59715

1704 Lincoln Street B2, Bozeman, Montana 59715

2Bedroom(s)
2Bathroom(s)
1,041Sqft
Sweeping views of the Bridger Mountains from this brand new condo complex, and incredibly well located; just a short walk from the Bozeman Fieldhouse. These new construction condos boast dual bedroom ensuite. Bathroom shower and floor are tiled, and shower doors are glass.
$339,500

1704 Lincoln Street B1, Bozeman, Montana 59715

1704 Lincoln Street B1, Bozeman, Montana 59715

2Bedroom(s)
2Bathroom(s)
1,041Sqft
Sweeping views of the Bridger Mountains from this brand new condo complex, and incredibly well located; just a short walk from the Bozeman Fieldhouse. These new construction condos boast dual bedroom ensuite. Bathroom shower and floor are tiled, and shower doors are glass.
$339,500
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Windermere Downtown logo Bozeman Real Estate Agent Liz Nitz

Windermere Downtown Bozeman

135 E Main St.

Bozeman, MT 59715

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