I’ve been diving into Montana’s thriving real estate landscape using data from the Zillow Home Value Index, and what I’ve discovered paints a fascinating picture of growth across the state’s most desirable neighborhoods.
Bozeman dominates the luxury market with neighborhoods like South Central and Sourdough commanding seven-figure valuations, while Missoula’s established areas show remarkable consistency in growth patterns. The data reveals that Montana’s real estate boom isn’t just confined to the expected hot spots—it’s a statewide phenomenon.
What struck me most was the acceleration in value appreciation between 2015-2020 compared to 2010-2015, suggesting Montana’s appeal has significantly intensified in recent years. Below, you’ll find a complete breakdown from the most affordable to the most luxurious neighborhoods in the state.
25. West Kootenai
- 2025 Home Value: $496,876
- 2020 Home Value: $255,624
- 2015 Home Value: $204,820
- 2010 Home Value: N/A
- % Change (2010–2025): N/A
- % Change (2015–2025): 142.6%
- % Change (2020–2025): 94.4%
West Kootenai’s remarkable doubling in value since 2015 makes it one of Montana’s best-performing investment opportunities, despite its relatively modest price point. The neighborhood’s staggering 94.4% growth in just five years reflects surging demand for remote properties with natural amenities. Situated in Lincoln County near the Canadian border, this secluded community offers escape-seekers pristine wilderness and Koocanusa Reservoir access. Its trajectory suggests continued strong performance as inventory remains limited while demand for Montana getaways increases.
24. Moose Can Gully
- 2025 Home Value: $498,550
- 2020 Home Value: $288,035
- 2015 Home Value: $212,822
- 2010 Home Value: $192,335
- % Change (2010–2025): 159.2%
- % Change (2015–2025): 134.3%
- % Change (2020–2025): 73.1%
Moose Can Gully has transformed from a modest $192,335 valuation in 2010 to nearly half a million in 2025, representing exceptional investment returns for early buyers. The neighborhood’s accelerated 73.1% appreciation since 2020 showcases Missoula’s expanding appeal as urbanites seek Montana’s quality of life with city conveniences. Located on Missoula’s south side with mountain views and abundant recreation, this area balances accessibility with relative affordability. As Missoula continues attracting remote workers and university affiliates, Moose Can Gully remains positioned for sustainable growth.
23. Riverfront
- 2025 Home Value: $499,665
- 2020 Home Value: $291,232
- 2015 Home Value: $208,227
- 2010 Home Value: $177,484
- % Change (2010–2025): 181.5%
- % Change (2015–2025): 140.0%
- % Change (2020–2025): 71.6%
Riverfront’s phenomenal 181.5% appreciation since 2010 demonstrates the premium investors now place on waterfront properties in Montana’s urban centers. The neighborhood’s consistent growth pattern across three measurement periods indicates sustainable demand rather than speculative investment. Nestled along the Clark Fork River in Missoula, this area offers the quintessential Montana lifestyle blend of outdoor recreation and urban amenities. The continued 71.6% five-year growth suggests Riverfront properties remain undervalued despite nearly reaching the half-million dollar threshold.
22. Rose Park
- 2025 Home Value: $526,144
- 2020 Home Value: $300,779
- 2015 Home Value: $226,594
- 2010 Home Value: $192,608
- % Change (2010–2025): 173.2%
- % Change (2015–2025): 132.2%
- % Change (2020–2025): 74.9%
Rose Park has demonstrated remarkable financial resilience, nearly tripling in value over fifteen years while maintaining a steady growth trajectory even through economic fluctuations. The neighborhood’s impressive 74.9% five-year growth rate outpaces inflation and stock market returns, positioning it as a solid wealth-building vehicle for homeowners. Located in central Missoula with tree-lined streets and proximity to downtown, Rose Park balances accessibility with character. Its continued performance indicates persisting demand for established neighborhoods with architectural character rather than just new construction.
21. Lewis and Clark
- 2025 Home Value: $553,986
- 2020 Home Value: $327,874
- 2015 Home Value: $248,378
- 2010 Home Value: $213,249
- % Change (2010–2025): 159.8%
- % Change (2015–2025): 123.0%
- % Change (2020–2025): 69.0%
Lewis and Clark’s value appreciation tells a compelling investment story, with property values more than doubling since 2010 and showing robust 69% growth in just the past five years. The neighborhood’s half-million-dollar valuation represents both substantial wealth creation for long-term owners and continued opportunity for appreciation. Situated in Missoula’s desirable central area, this family-friendly neighborhood offers excellent schools and recreation access. The steady growth pattern suggests Lewis and Clark has reached a sustainable premium pricing tier while maintaining strong market demand.
20. Wye
- 2025 Home Value: $557,166
- 2020 Home Value: $310,549
- 2015 Home Value: $236,064
- 2010 Home Value: N/A
- % Change (2010–2025): N/A
- % Change (2015–2025): 136.0%
- % Change (2020–2025): 79.4%
Wye’s exceptional 79.4% five-year growth rate demonstrates the financial advantages of properties in developing areas adjacent to established cities, offering investors substantial returns. The neighborhood’s value has more than doubled since 2015, indicating both infrastructure improvements and growing acceptance as a viable alternative to central Missoula. Located northwest of Missoula where I-90 meets Highway 93, Wye offers larger lots and newer construction with accessibility. Its rapidly accelerating values suggest Wye is transitioning from a peripheral to desirable location as Missoula’s footprint expands.
19. West Alkali Creek
- 2025 Home Value: $590,427
- 2020 Home Value: $413,978
- 2015 Home Value: $390,163
- 2010 Home Value: $331,170
- % Change (2010–2025): 78.3%
- % Change (2015–2025): 51.3%
- % Change (2020–2025): 42.6%
West Alkali Creek presents an interesting financial case study with more moderate but steady growth, starting from a higher base value than many neighborhoods yet still achieving 78.3% appreciation over fifteen years. The neighborhood’s growth acceleration since 2020 (42.6%) suggests values are now rising faster than during the prior five-year period. Located in the prestigious western hills of Billings, this area offers elevated views and larger lots near Montana’s largest city. With comparatively modest growth rates among Montana’s top neighborhoods, West Alkali Creek may represent relative value for buyers seeking entry into premium areas.
18. Orchard Homes
- 2025 Home Value: $605,142
- 2020 Home Value: $356,961
- 2015 Home Value: $268,513
- 2010 Home Value: $233,302
- % Change (2010–2025): 159.4%
- % Change (2015–2025): 125.4%
- % Change (2020–2025): 69.5%
Orchard Homes has broken through the $600,000 threshold after consistent growth across all measurement periods, delivering exceptional returns to investors who recognized its potential early. The neighborhood’s 69.5% five-year gain represents nearly $250,000 in new equity for homeowners, significantly outpacing income growth and inflation. Located in west Missoula with a semi-rural character featuring larger lots and agricultural history, this area offers country living with city proximity. Its steady appreciation suggests continued demand for properties combining space, character, and location.
17. Lower Rattlesnake
- 2025 Home Value: $605,836
- 2020 Home Value: $357,573
- 2015 Home Value: $266,563
- 2010 Home Value: $227,941
- % Change (2010–2025): 165.8%
- % Change (2015–2025): 127.3%
- % Change (2020–2025): 69.4%
Lower Rattlesnake’s financial trajectory showcases how location premium compounds over time, with values increasing by $377,895 since 2010—a staggering 165.8% return that significantly outperforms most investment vehicles. The neighborhood’s nearly 70% growth just since 2020 demonstrates accelerating demand and willingness to pay for established premium locations. Situated in a scenic valley adjacent to downtown Missoula with trail access and historic homes, this area represents the quintessential Montana lifestyle. As inventory remains constrained, values appear positioned to continue climbing toward the seven-figure threshold.
16. Helena Valley Northeast
- 2025 Home Value: $633,477
- 2020 Home Value: $362,371
- 2015 Home Value: $272,899
- 2010 Home Value: $246,596
- % Change (2010–2025): 156.9%
- % Change (2015–2025): 132.1%
- % Change (2020–2025): 74.8%
Helena Valley Northeast has emerged as a financial powerhouse in Montana’s capital region, with values more than doubling since 2010 and accelerating to a remarkable 74.8% growth just since 2020. The neighborhood’s current $633,477 valuation represents significant wealth creation for early buyers who purchased when values were below $250,000. Located northeast of Helena’s urban core with mountain views and larger parcels, this area offers a blend of privacy and accessibility. The sustained growth pattern suggests Helena’s premium market continues strengthening as state government and professional service sectors expand.
15. Bozeman Creek
- 2025 Home Value: $646,816
- 2020 Home Value: $419,508
- 2015 Home Value: $259,971
- 2010 Home Value: $203,920
- % Change (2010–2025): 217.2%
- % Change (2015–2025): 148.8%
- % Change (2020–2025): 54.2%
Bozeman Creek exemplifies exceptional wealth creation through real estate, with an astounding 217.2% appreciation since 2010—translating to over $440,000 in equity gains for long-term owners. The property values showed particular acceleration in the 2015-2020 period, though the more recent 54.2% five-year growth remains remarkable by any standard investment metric. Located in south Bozeman following the scenic creek corridor, this outdoor-oriented neighborhood offers trail access and proximity to downtown. Despite reaching nearly $650,000 in average value, the neighborhood appears positioned for continued growth as Bozeman’s economy diversifies.
14. Miller Creek
- 2025 Home Value: $671,777
- 2020 Home Value: $386,205
- 2015 Home Value: $294,936
- 2010 Home Value: $257,326
- % Change (2010–2025): 161.1%
- % Change (2015–2025): 127.8%
- % Change (2020–2025): 73.9%
Miller Creek has delivered extraordinary financial performance, with property values increasing by over $414,000 since 2010—a 161.1% return that far outpaces traditional investments. The neighborhood’s 73.9% growth just since 2020 indicates accelerating market demand rather than a plateau, suggesting continued strong appreciation potential. Set in a scenic valley south of Missoula with newer development and mountain views, this area balances natural beauty with contemporary amenities. As Missoula’s overall market strengthens with the influx of remote workers, Miller Creek’s premium positioning appears increasingly justified.
13. Farviews & Pattee Canyon
- 2025 Home Value: $687,038
- 2020 Home Value: $390,934
- 2015 Home Value: $306,512
- 2010 Home Value: $272,629
- % Change (2010–2025): 152.0%
- % Change (2015–2025): 124.1%
- % Change (2020–2025): 75.7%
Farviews & Pattee Canyon’s real estate metrics tell a compelling investment story, with a remarkable 75.7% five-year growth rate that has added almost $300,000 in homeowner equity since 2020 alone. The neighborhood’s consistent appreciation pattern across all measurement periods demonstrates sustained demand rather than speculative investment. Perched on Missoula’s southeast hillsides with panoramic city views and national forest access, this prestigious area combines natural beauty with proximity. The accelerating growth curve suggests values may approach seven figures in coming years as premium property inventory remains constrained.
12. New Hyalite View
- 2025 Home Value: $709,260
- 2020 Home Value: $444,613
- 2015 Home Value: $273,196
- 2010 Home Value: $213,996
- % Change (2010–2025): 231.4%
- % Change (2015–2025): 159.6%
- % Change (2020–2025): 59.5%
New Hyalite View has generated phenomenal returns, with property values more than tripling since 2010—a staggering 231.4% appreciation that translates to nearly half a million dollars in equity growth. The neighborhood’s explosive growth during the 2015-2020 period has moderated slightly but still delivered almost 60% returns in just five years. Located south of Bozeman with views of the Hyalite mountains and newer construction, this area offers contemporary living amid natural splendor. Despite reaching over $700,000 in average value, current growth rates suggest continued strong appreciation as Bozeman’s economy expands.
11. Grant Creek
- 2025 Home Value: $748,887
- 2020 Home Value: $428,286
- 2015 Home Value: $353,612
- 2010 Home Value: $320,649
- % Change (2010–2025): 133.6%
- % Change (2015–2025): 111.8%
- % Change (2020–2025): 74.9%
Grant Creek represents a financial success story with values more than doubling since 2010 and accelerating to an impressive 74.9% growth just in the past five years—adding over $320,000 in equity for recent homeowners. The neighborhood’s strong appreciation has pushed average values to the brink of $750,000, establishing it firmly in Missoula’s luxury market segment. Nestled in a forested valley north of Missoula with wildlife corridors and larger lots, this area offers privacy while remaining just minutes from amenities. The sustained growth pattern suggests Grant Creek’s premium positioning is increasingly recognized by buyers seeking Montana’s signature lifestyle.
10. Upper Rattlesnake
- 2025 Home Value: $751,172
- 2020 Home Value: $447,394
- 2015 Home Value: $341,180
- 2010 Home Value: $298,463
- % Change (2010–2025): 151.7%
- % Change (2015–2025): 120.2%
- % Change (2020–2025): 67.9%
Upper Rattlesnake’s financial performance showcases the premium investors place on established neighborhoods with natural amenities, with values increasing by over $450,000 since 2010—a 151.7% return that has created substantial wealth for homeowners. The neighborhood’s nearly 68% growth since 2020 demonstrates accelerating demand despite already elevated valuations approaching three-quarters of a million dollars. Located in Missoula’s premier northern valley with National Forest access and wildlife corridors, this area represents Montana living at its finest. As inventory remains constrained while demand grows, Upper Rattlesnake appears positioned to join the seven-figure neighborhood category soon.
9. University District
- 2025 Home Value: $759,234
- 2020 Home Value: $430,849
- 2015 Home Value: $340,146
- 2010 Home Value: $300,468
- % Change (2010–2025): 152.7%
- % Change (2015–2025): 123.2%
- % Change (2020–2025): 76.2%
University District has emerged as a financial powerhouse, with its remarkable 76.2% five-year appreciation rate adding over $328,000 in homeowner equity since 2020 alone—a return that far outpaces virtually any alternative investment. The neighborhood’s consistent growth pattern across all measurement periods demonstrates the enduring premium commanded by established locations with architectural character. Centered around the University of Montana with historic homes on tree-lined streets, this area blends academic atmosphere with walkable amenities. Despite reaching the three-quarter million dollar threshold, the accelerating growth curve suggests values will likely cross into seven figures soon.
8. Northeast
- 2025 Home Value: $760,679
- 2020 Home Value: $530,248
- 2015 Home Value: $294,433
- 2010 Home Value: $240,128
- % Change (2010–2025): 216.8%
- % Change (2015–2025): 158.4%
- % Change (2020–2025): 43.5%
Northeast Bozeman exemplifies exceptional wealth creation through real estate, with property values more than tripling since 2010—an extraordinary 216.8% return that has generated over $520,000 in equity for long-term homeowners. The neighborhood experienced particularly explosive growth during the 2015-2020 period before moderating to a still-impressive 43.5% five-year growth rate. Situated in Bozeman’s northeastern quadrant with stunning mountain views and access to amenities, this area balances character with convenience. As Bozeman continues attracting tech workers and outdoor enthusiasts, Northeast’s premium positioning appears increasingly justified by market fundamentals.
7. Bogert Park
- 2025 Home Value: $801,077
- 2020 Home Value: $522,634
- 2015 Home Value: $314,974
- 2010 Home Value: N/A
- % Change (2010–2025): N/A
- % Change (2015–2025): 154.3%
- % Change (2020–2025): 53.3%
Bogert Park has broken the prestigious $800,000 threshold after a decade of tremendous growth, with values more than doubling since 2015 and adding over $486,000 in homeowner equity. The neighborhood’s consistent appreciation pattern, including 53.3% growth just since 2020, demonstrates sustained demand rather than speculative investment or market anomaly. Located in central Bozeman surrounding the namesake park with its farmers market and community events, this area represents the heart of Bozeman’s desirability. With limited inventory in established central neighborhoods, Bogert Park appears positioned to potentially cross the million-dollar threshold in coming years.
6. University
- 2025 Home Value: $810,141
- 2020 Home Value: $522,982
- 2015 Home Value: $327,272
- 2010 Home Value: $262,052
- % Change (2010–2025): 209.2%
- % Change (2015–2025): 147.5%
- % Change (2020–2025): 54.9%
University neighborhood’s investment performance has been nothing short of extraordinary, with property values more than tripling since 2010—a remarkable 209.2% return that has created over $548,000 in wealth for long-term homeowners. The area’s consistent growth trajectory shows no signs of plateauing, with values increasing nearly 55% just since 2020 despite already elevated valuations. Adjacent to Montana State University in Bozeman with historic architecture and walkability to campus and downtown, this area combines character with convenience. The sustained premium pricing suggests University neighborhood is increasingly recognized as one of Montana’s most coveted addresses.
5. Cooper Park
- 2025 Home Value: $847,959
- 2020 Home Value: $573,595
- 2015 Home Value: $360,408
- 2010 Home Value: $287,321
- % Change (2010–2025): 195.1%
- % Change (2015–2025): 135.3%
- % Change (2020–2025): 47.8%
Cooper Park has delivered exceptional financial returns across all timeframes, with property values nearly tripling since 2010—creating over $560,000 in homeowner wealth through appreciation alone. The neighborhood’s recent 47.8% five-year growth demonstrates continued strong demand despite average values approaching $850,000, showing the increasing premium buyers place on established locations. Nestled in Bozeman’s northeast quadrant with historic homes surrounding the namesake park, this area offers the quintessential Montana lifestyle experience. As Bozeman’s luxury market strengthens further, Cooper Park appears positioned to join Montana’s million-dollar neighborhood club.
4. Downtown
- 2025 Home Value: $882,274
- 2020 Home Value: $655,140
- 2015 Home Value: N/A
- 2010 Home Value: N/A
- % Change (2010–2025): N/A
- % Change (2015–2025): N/A
- % Change (2020–2025): 34.7%
Downtown Bozeman’s real estate market demonstrates the premium investors now place on urban walkability, with properties appreciating by over $227,000 in just five years—a 34.7% return that has created substantial wealth despite already elevated starting values. The neighborhood’s average home value approaching $900,000 reflects both limited inventory and increasing demand for properties with maximum convenience. Located in Bozeman’s vibrant urban core with historic buildings, dining, shopping, and entertainment, this area offers Montana’s most sophisticated lifestyle option. Despite more modest recent growth than some neighborhoods, downtown’s premium positioning appears justified by irreplaceable location and amenities.
3. Southeast
- 2025 Home Value: $893,635
- 2020 Home Value: $581,545
- 2015 Home Value: $389,128
- 2010 Home Value: N/A
- % Change (2010–2025): N/A
- % Change (2015–2025): 129.7%
- % Change (2020–2025): 53.7%
Southeast Bozeman has generated extraordinary returns, with values more than doubling since 2015—adding over $504,000 in homeowner equity in just ten years as average values approach the $900,000 threshold. The neighborhood’s consistent 53.7% five-year growth rate demonstrates sustained demand despite already elevated valuations, suggesting market recognition of its inherent value. Situated in Bozeman’s southeast quadrant with mountain views, trail access, and newer luxury construction, this area offers contemporary amenities amid natural beauty. As Bozeman’s economy continues diversifying with high-income sectors, Southeast appears positioned to soon join Montana’s elite million-dollar neighborhood category.
2. Sourdough
- 2025 Home Value: $1,030,723
- 2020 Home Value: $683,310
- 2015 Home Value: $455,445
- 2010 Home Value: N/A
- % Change (2010–2025): N/A
- % Change (2015–2025): 126.3%
- % Change (2020–2025): 50.8%
Sourdough has secured its position in Montana’s elite million-dollar neighborhood club, with property values more than doubling since 2015 and adding an astonishing $575,000 in homeowner equity in just ten years. The neighborhood’s consistent 50.8% five-year growth demonstrates sustained demand within the luxury market segment despite already premium valuations. Located in southeast Bozeman along Sourdough Creek with mountain views, recreational access, and upscale homes, this area represents Montana luxury living at its finest. With limited inventory in Bozeman’s most desirable areas, Sourdough’s premium valuation appears sustainable as affluent buyers compete for limited properties.
1. South Central
- 2025 Home Value: $1,078,468
- 2020 Home Value: $681,191
- 2015 Home Value: $398,306
- 2010 Home Value: $326,108
- % Change (2010–2025): 230.7%
- % Change (2015–2025): 170.8%
- % Change (2020–2025): 58.3%
South Central stands as Montana’s premier neighborhood investment, with property values more than tripling since 2010—an extraordinary 230.7% return that has generated over $750,000 in homeowner wealth through appreciation alone. The neighborhood’s explosive 170.8% ten-year growth rate demonstrates the increasing premium buyers place on irreplaceable locations with character and walkability. Situated in south-central Bozeman with historic architecture, tree-lined streets, and proximity to downtown, this area represents the pinnacle of Montana’s urban lifestyle. As inventory remains severely constrained while high-income buyers continue entering the market, South Central’s position as Montana’s most valuable neighborhood appears increasingly entrenched.
