West Yellowstone, MT housing market
The typical West Yellowstone home is worth about $658,000, up 5.4% in a year, 39% above the Montana typical home.
Home values, sales, trends and how West Yellowstone compares with the towns next door — updated as new data is published.
West Yellowstone at a glance
Only 2 sales in April 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | West Yellowstone | Montana |
|---|---|---|
| 2017 | $334,000 | $233,000 |
| 2018 | $370,000 | $248,000 |
| 2019 | $396,000 | $262,000 |
| 2020 | $417,000 | $277,000 |
| 2021 | $476,000 | $318,000 |
| 2022 | $584,000 | $406,000 |
| 2023 | $602,000 | $434,000 |
| 2024 | $621,000 | $447,000 |
| 2025 | $640,000 | $464,000 |
| 2026 | $637,000 | $468,000 |
| August 2026 | $658,000 | $472,000 |
3 new homes permitted in 2025
Builders were permitted 3 new homes in West Yellowstone in 2025, all single-family houses. That's 2 per 1,000 residents, slower than across Montana (7.3). Over the past 10 years, West Yellowstone has permitted 49 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, West Yellowstone gained 1 resident while 41 new homes were permitted: about 0 new residents per new home. Building outpaced population growth, which usually means smaller households or homes used part of the year. 25% of West Yellowstone's homes are seasonal or vacation homes, which adds housing without adding residents. Across Montana: 2.4 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 2 | 2 | 0 | $316,000 |
| 2025 | 3 | 3 | 0 | $474,000 |
| 2024 | 4 | 4 | 0 | $632,000 |
| 2023 | 3 | 3 | 0 | $455,000 |
| 2022 | 5 | 5 | 0 | $887,000 |
| 2021 | 4 | 4 | 0 | $400,000 |
| 2020 | 7 | 7 | 0 | $1.6 million |
| 2019 | 6 | 6 | 0 | $1.4 million |
| 2018 | 6 | 6 | 0 | $1.4 million |
| 2017 | 6 | 6 | 0 | $1.4 million |
| 2016 | 5 | 5 | 0 | $1.1 million |
| 2015 | 4 | 4 | 0 | $916,000 |
| 2014 | 2 | 2 | 0 | $458,000 |
| 2013 | 2 | 2 | 0 | $458,000 |
| 2012 | 4 | 4 | 0 | $452,000 |
| 2011 | 3 | 3 | 0 | $339,000 |
| 2010 | 3 | 3 | 0 | $339,000 |
| 2009 | 1 | 1 | 0 | $198,000 |
| 2008 | 1 | 1 | 0 | $1 million |
| 2007 | 62 | 9 | 53 | $6.6 million |
| 2006 | 119 | 7 | 112 | $14.2 million |
| 2005 | 16 | 14 | 2 | $2.7 million |
| 2004 | 11 | 11 | 0 | $1.3 million |
| 2003 | 3 | 1 | 2 | $170,000 |
| 2002 | 3 | 1 | 2 | $170,000 |
| 2001 | 13 | 11 | 2 | $1.9 million |
| 2000 | 4 | 4 | 0 | $990,000 |
West Yellowstone's permit office didn't report to the Census in 2025, so the 2025 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
11.2 years of income
The typical West Yellowstone home costs about 11.2 years of the town's median household income, more than across Montana (6.5 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,880
HUD's Fair Market Rent for a two-bedroom in West Yellowstone is $1,880 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in West Yellowstone pay a median of $1,045, so moving in tends to cost more than staying put. A two-bedroom takes about 38% of the town's median household income, above the 30% guideline for affordable housing.
Studio $1,310 · 4 bedrooms $3,110
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (59758; Bozeman, MT MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, April 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.