What is the rental yield in Norton Ranch, Bozeman, Montana?

The gross yield in Norton Ranch, Bozeman, Montana is 4.1. Prices are about 11% below Bozeman and 19% above Montana, while the Red Flag score is 67. Walkability is 32 and education is in the 93rd percentile.

How have prices changed in Norton Ranch over the past year?

Prices in Norton Ranch, Bozeman, Montana were flat, down 0.1% over the past year. The neighborhood still sits about 11% below Bozeman and 19% above Montana. It also has a gross yield of 4.1 and a Red Flag score of 67.

How does Norton Ranch compare with Bozeman and Montana?

Norton Ranch, Bozeman, Montana is priced about 11% below Bozeman and 19% above Montana. It has a gross yield of 4.1, walkability of 32, education in the 93rd percentile, and a Red Flag score of 67. The education percentile is a relative strength.

What should buyers know about walkability and schools in Norton Ranch?

Norton Ranch, Bozeman, Montana has walkability of 32 and education in the 93rd percentile. That pairs lower walkability with a strong school-district test-score percentile. The neighborhood also shows a gross yield of 4.1 and a Red Flag score of 67.

Neighborhood

Norton Ranch

Bozeman, Montana US

Norton Ranch in Bozeman, Montana presents a lower-yield profile, with a gross yield of 4.1 and prices about 11% below Bozeman but 19% above Montana. Prices were flat, down 0.1% over the past year, while the Red Flag score of 67 points to elevated risk. Walkability is 32, and education is in the 93rd percentile, a strong school-district test-score percentile.

AI Summary•Updated May 2026

Area

2.90 mi²

ZIP Code

59718

County

Gallatin County

State

Montana

Redfin — median sale & volumeZillow ZORI — asking rentFEMA National Risk Index v1.20OpenStreetMap — POIFBI UCR — state crimeEPA — radon zonesWashU ACAG — satellite PM2.5US Census ACS / TIGER 2024

Verified Price · Median Sale

$674,300

YoY-0.1%

Gross Rental Yield

4.1%

Listed rent · ZORI annualized

Red Flag Index

High

67 / 100

Walkability Score

Car-Dependent

OpenStreetMap POI density · national percentile

Education Score

93 / 100

Excellent · better than 93% of U.S. districts

Pre-pandemic SEDA (2018/19) · district proxy

AI Score

Fair

DistrictScore attractiveness · national model

Norton Ranch Property Prices & Rental Yield

Verified Redfin sale data and Zillow ZORI asking rent for Norton Ranch, Bozeman.

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Market Economics Snapshot

May 2026

Metric	Value	YoY
Median Sale Price	$674,300	-0.1%
Price / Sq Ft (Verified)	$359/sqft	-2.8%
Asking Rent (Median)	$2,285/mo	+0.8%
Gross Rental Yield	4.1%	—
Liquidity Score	47 / 100	Moderate
Homes Sold (Period)	210	-6.7%

Is Norton Ranch Safe? Natural-Hazard Risk

FEMA National Risk Index composite across eight hazards, plus inherited Montana crime context.

Red Flag Breakdown

67 / 100

High Risk

Composite is weighted by expected impact — frequent low-damage hazards (hail, wind) weigh less than flood or wildfire.

Wildfire100Very High

Earthquake100Very High

Hail100Very High

Strong Wind60High

Flood40Moderate

Tornado40Moderate

Heat20Low

Hurricanen/an/a

7/8 hazards scored · FEMA NRI v1.20

Crime (state-level): Montana averaged 20.4 crimes and 4.2 violent per 1,000 residents (-10.5% YoY) in 2024(FBI UCR). Compare the state to the country, not states as a ranking — full Safety & Crime data lives on the state page.

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Tract-level hazard heatmap & parcel detail with Pro

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See all eight FEMA hazard scores — free with a DistrictScore account.

What Stands Out AI Insight

Active transaction volume — 210 homes sold last period

Wildfire risk is Very High (100/100)

Earthquake risk is Very High (100/100)

Insights are generated from Norton Ranch's live DistrictScore metrics.

Norton Ranch Environment & Safety

Satellite PM2.5 air-quality history, FBI UCR crime trend (Montana-level, the finest official aggregation), EPA radon potential and point-source hazard screening.

Air Quality — PM2.5

2015–2024

4.1 µg/m³ Meets WHO guideline+2.8% since 2015

EPA 9WHO 5

20152024

Annual mean fine-particle (PM2.5) concentration at the Norton Ranch centroid, satellite-derived (ACAG). References: WHO guideline 5 µg/m³ · EPA annual standard 9 µg/m³. Latest year ranks worse than 1% of U.S. neighborhoods.

Montana Crime Trend

FBI UCR

20132024

All crimes / 1k

Violent / 1k

Year	Crimes / 1k	Violent / 1k	YoY
2024	20.4	4.2	-10.5%
2023	22.9	4.5	-2.7%
2022	23.7	4.3	-3.6%
2021	25.0	4.7	-1.2%
2020	25.9	4.7	-1.4%
2019	26.5	4.2	—

Reported at the state level — the finest official US crime aggregation; Norton Ranch inherits the Montana figures.

Radon Potential

EPA

Zone 1

Zone 1 — Highest potential · Norton Ranch

EPA radon zones estimate indoor radon potential county-wide (Zone 1 highest, Zone 3 lowest). Testing is recommended in all zones.

Walkability & Amenities in Norton Ranch

Amenity density and pedestrian access from OpenStreetMap points of interest.

Walkability & Amenities

OpenStreetMap POI

32

Car-Dependent

Walkability Score

2

Grocery

4

Dining

4

Schools

0

Universities

3

Hospitals

0

Pharmacies

24

Parks

0

Rail Transit

0

Coworking

POI counts are amenities within Norton Ranch's boundary plus a 400 m walk buffer. Rail transit excludes bus stops.

Norton Ranch vs Bozeman vs Montana

How Norton Ranch benchmarks against its city and state medians.

Benchmark vs City & State

Across Norton Ranch, the median sale price sits about 11% below the median for Bozeman neighborhoods and about 19% above the statewide median. Gross rental yield is 4.1%, against 3.0% for Bozeman neighborhoods and 4.1% statewide. Over the past 12 months, prices were broadly flat. Transaction liquidity sits above the median for Bozeman neighborhoods and above the statewide median.

Area	Median / Sq Ft	Gross Yield	Liquidity
Norton Ranch	$359/sqft	4.1%	47
Bozeman	$405/sqft	3.0%	30
Montana	$302/sqft	4.1%	34

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Buying Property in the US as a Foreigner

Federal & Montana tax facts for non-resident buyers, plus the latest local market news.

Buying as a Foreigner

US Tax & Ownership

Applies to everyone7

Capital Gains (Federal)

Long-term capital gains taxed federally at 0/15/20%, plus a 3.8% Net Investment Income Tax on higher incomes (2026).

Property Tax

Property tax: ~0.59% average effective rate (statewide average; set and collected locally).

State Income Tax

State income tax up to 5.9%; rental income is taxed at these rates.

State Capital Gains

Capital gains taxed as income, with a partial state exclusion or credit.

Transfer Tax

Real estate transfer tax: none statewide (local tax may apply).

Assessment Cap

No Proposition 13-style assessment cap; property is reassessed at market value.

Mansion Tax / Rent Control

No statewide mansion tax or statewide rent control.

US citizens & tax residents7

Primary-Home Exclusion

Selling your main home: exclude up to $250k of gain (single) / $500k (married) if you owned and lived there 2 of the last 5 years.

1031 Like-Kind Exchange

A 1031 like-kind exchange defers capital gains tax on investment property; 45 days to identify, 180 to close. Real estate only.

Depreciation Recapture

Residential rentals depreciate over 27.5 years; on sale, recaptured depreciation is taxed up to 25% (Section 1250).

Mortgage Interest Deduction

Mortgage interest is deductible on up to $750k of home debt. The SALT cap rose to $40,000 for 2025-2029 (reverts to $10k in 2030).

Opportunity Zones

Opportunity Zones are now permanent (2025): reinvested capital gains get deferral plus a basis step-up, and are tax-free after 10 years.

Rental Income (Resident)

Rental income is reported on Schedule E; passive-loss rules (Section 469) limit deducting rental losses against other income.

1031 State Conformity

Conforms to 1031 but tracks deferred in-state gain after an out-of-state exchange.

Foreign buyers (non-residents)5

FIRPTA (Foreign Sellers)

FIRPTA: the buyer withholds 15% of the gross sale price when a nonresident sells US property. It is an advance deposit, not the final tax.

Non-Resident Capital Gains

Nonresident sellers pay US capital gains tax (generally 15-20%) on the net gain via Form 1040-NR; FIRPTA withholding is credited.

Non-Resident Rental Tax

Nonresident rental income is taxed at 30% of gross by default, or on net income at graduated rates via a Section 871(d) election (W-8ECI).

Estate Tax (Non-Resident)

Nonresidents get only a $60,000 US estate-tax exemption (vs $13.99M for residents); US property above it is taxed up to 40%. Treaties may help.

ITIN Requirement

Nonresidents without an SSN need an ITIN (Form W-7) to file US tax returns, claim FIRPTA refunds, and report rental income.

Talk to a US real-estate tax advisor

FIRPTA, ITIN & Montana property-tax guidance for foreign buyers

Latest Bozeman Real-Estate News

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Guaranteed Rate • Jun 18, 2026

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Eye On Housing • Jun 18, 2026

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Altus Group • Jun 18, 2026

Norton Ranch Real Estate FAQ

Norton Ranch in Bozeman, Montana presents a lower-yield profile. It has a gross yield of 4.1, prices about 11% below Bozeman and 19% above Montana, and a Red Flag score of 67. Walkability is 32 and education is in the 93rd percentile.

Neighborhoods near Norton Ranch

Compare Norton Ranch with nearby neighborhoods in Bozeman.

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