Gallatin Gateway CDP Montana Area Home Supply Charts

This page looks at a variety of Gallatin Gateway CDP Montana housing market data taken from the most recent 2022 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Gallatin Gateway CDP indicates it has a Housing Units of 418 which is less than most other places in the local area.

Figure 2 illustrates the housing density in the Gallatin Gateway CDP housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Gallatin Gateway CDP depicts it has a Housing Density of 71.5 which is the second smallest in order of housing density of all the other places in the greater region. The place with the highest housing density in the area is King Arthur Park CDP which depicts a density of 1841.1 ( appreciably bigger). Comparing housing density to the United States average of 39.5, Gallatin Gateway CDP is about twice as large. Also, measured against the state of Montana, housing density of 3.5, Gallatin Gateway CDP is very much bigger.

In Figure 4, Gallatin Gateway CDP area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Gallatin Gateway CDP shows it has a Housing Unit Change of -2.3% which is less than most other places in the greater region. The place with the highest change in the housing units in the area is Four Corners CDP which indicates a housing units of 69.2% ( very much bigger). Comparing change in the housing units to the United States average of 7.4%, Gallatin Gateway CDP is about the same size. Also, benchmarked against the state of Montana, change in the housing units of 6.2%, Gallatin Gateway CDP is about the same size.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Gallatin Gateway CDP depicts it has a Renter Percent of 19.5% which is less than most other places in the greater region. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 80.5% which is the third most of all other places in the area.

Gallatin Gateway CDP Montana Home Cost Charts

Looking at the housing data provided in Figure 7, the average Gallatin Gateway CDP home price is illustrated for this community and a useful analysis of affordable housing. Gallatin Gateway CDP depicts it has a Median Home Value of $442,600 which is the third most median home prices of all other places in the greater Gallatin Gateway CDP region. The place with the highest median home price in the area is Bozeman which depicts a home price of $466,400 (only about 5.4% larger). Figure 8 provides aggregate comparative data for the Gallatin Gateway CDP Montana metro area in terms of the median housing rental rate, apartment rent, etc. Gallatin Gateway CDP shows it has a Median Gross Rent of $1,306 which is the second most rental rates of all the places in the greater Gallatin Gateway CDP region. The place with the highest rental rates in the area is King Arthur Park CDP which depicts a rental rates of $1,826 (39.8% larger). Comparing rental rates to the United States average of $1,163, Gallatin Gateway CDP is 12.3% larger. Also, benchmarked against the state of Montana, rental rates of $886, Gallatin Gateway CDP is 47.4% larger.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Gallatin Gateway CDP has the percentage of home price worth between $100,000 to $200,000 less than most other places in the greater region at 10% of the total. Second, it has the smallest proportion of home price worth between $200,000 to $300,000 at 19% of the total. Third, it has the largest proportion of home price worth between $500,000 to $750,000 at 13% of the total and is ranked #1. Also, it has one of the largest proportions of home price worth between $1,000,000 to $1,500,000 at 5% of the total and is ranked #3. Only #2 Bozeman (5%), and #1 Four Corners CDP (6%) are larger. In addition, it has one of the largest proportions of home price worth between $1,500,000 to $2,000,000 at 5% of the total and is ranked #3. Only #2 Bozeman (5%), and #1 Four Corners CDP (6%) are larger.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Gallatin Gateway CDP shows it has a Median Owner Cost of $909 which is less than most other places in the local area. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Gallatin Gateway CDP metro area. it has a Owner Cost as % of HH Income of 14% which is the smallest in order of cost as a percent of household income of all the other places in the local area.

The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Gallatin Gateway CDP shows it has a Median Home Value as Percent of Median Earnings of 984% which is the largest of all places in the metro area.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Gallatin Gateway CDP depicts it has a Median Owner Costs-With Mortgage of $2,000 which is the second most median housing cost of all the places in the greater Gallatin Gateway CDP region. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $377 which is the smallest as measured by median housing cost of all the other places in the local area.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Gallatin Gateway CDP has the largest proportion of owner cost less than $300 at 27% of the total and is ranked #1. Second, it has the second smallest in terms of owner cost less than $300 of all the other places in the local area in terms of owner cost between $300 and $500 at 10% of the total. Third, it has the second smallest as measured by owner cost less than $300 of all the other places in the greater region when sorted by owner cost between $1,000 and $1,500 at 10% of the total.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Gallatin Gateway CDP shows it has a % of Income Owner Costs-With Mortgage of 18% which is the second smallest as measured by cost as a percent of household income of all the other places in the greater region. The place with the highest cost as a percent of household income in the area is Amsterdam CDP which depicts a cost as a percent of household income of 36% (about twice as large). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Gallatin Gateway CDP depicts it has a % of Income Owner Costs-No Mortgage of 9% which is the third most cost as a percent of household income of all other places in the greater Gallatin Gateway CDP region. The place with the highest cost as a percent of household income in the area is Four Corners CDP which depicts a cost as a percent of household income of 16% (72.2% larger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Gallatin Gateway CDP has the percentage of rent as a percent of income is between 20pct to 30pct the second smallest as measured by rent as a percent of income is less than 10 pct of all the other places in the greater region at 7% of the total. Second, it has the largest proportion of rent as a percent of income is between 30pct to 40pct at 42% of the total and is ranked #1.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Gallatin Gateway CDP has the largest proportion of housing cost less than $300 at 14% of the total and is ranked #1.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $2,758 which is the third most of all other places in the greater region. The place with the highest median real estate taxes paid in the area is Bozeman which depicts a taxes paid of $3,259 (18.2% larger). Comparing median real estate taxes paid to the United States average of $2,690, Gallatin Gateway CDP is only about 2.5% larger. Also, benchmarked against the state of Montana, median real estate taxes paid of $2,189, Gallatin Gateway CDP is 26.0% larger.

Figure 23 shows the rental rate distribution for this area. Gallatin Gateway CDP Montana has one of the largest proportions of rent between 500 and 750 dollars at 30% of the total and is ranked #2. The only larger place being Four Corners CDP with 48%. Second, it has one of the largest proportions of rent between 750 and 1000 dollars at 33% of the total and is ranked #3. Only #2 Bozeman (36%), and #1 Churchill CDP (50%) are larger. Third, it has less than most other places in the greater region when ranked by rent between 1000 and 1500 dollars at 23% of the total.

Gallatin Gateway CDP Montana Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Gallatin Gateway CDP has the percentage of With mortgage the second smallest as measured by With Mortgage of all the other places in the metro area at 41% of the total. Second, it has the largest proportion of No 2nd Mortgage or HELOC at 7% of the total and is ranked #1. Third, it has the largest proportion of Primary Mortgage with 2nd Mortgage and HELOC at 7% of the total and is ranked #1. Also, it has one of the largest proportions of With HELOC no Primary Mortgage at 52% of the total and is ranked #2. The only larger place being Amsterdam CDP with 66%.

Figure 26 shows the proportion of houses with a mortgage versus those without a mortgage. Gallatin Gateway CDP has one of the largest proportions of houses with mortgages at 52% of the total and is ranked #2. The only larger place being Amsterdam CDP with 66%.

Gallatin Gateway CDP Montana Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 3.2 which is the second smallest when ranked by family members per housing unit of all the other places in the local area. The place with the highest family members per housing unit in the area is King Arthur Park CDP which shows a family members per housing unit of 4.5 (40.5% larger). Comparing family members per housing unit to the United States average of 3.3, Gallatin Gateway CDP is only about 2.9% smaller. Also, compared with the state of Montana, family members per housing unit of 3.1, Gallatin Gateway CDP is only about 3.1% larger.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 5.5 which is in the mid range of other places in the greater region. The place with the highest average number of rooms in a house in the area is Churchill CDP which shows an average number of rooms in a house of 7.8 (41.8% larger). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1985 which is the second smallest in order of year built of all the other places in the greater region. The place with the highest year built in the area is Four Corners CDP which depicts a year built of 2006 ( only slightly larger).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. has the percentage of homes built in 2020 or later less than most other places in the local area at 12% of the total. Second, it has the second smallest when ranked by homes built in 2020 or later of all the other places in the local area in order of homes built between 2010 to 2019 at 11% of the total. Third, it has one of the largest proportions of homes built between 2000 to 2009 at 20% of the total and is ranked #3. Only #2 King Arthur Park CDP (20%), and #1 Belgrade (22%) are larger. Also, it has the largest proportion of homes built between 1990 to 1999 at 15% of the total and is ranked #1. In addition, it has one of the largest proportions of homes built between 1940 to 1949 at 13% of the total and is ranked #2. The only larger place being Amsterdam CDP with 21%.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. has the percentage of owner housing units the second smallest in terms of owner-occupied housing units of all the other places in the greater region at 69 of the total.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. it has one of the largest proportions of 50 or more units at 24% of the total and is ranked #2. The only larger place being King Arthur Park CDP with 38%.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. has the percentage of value of homes built 2020 or later less than most other places in the metro area at $361,100 of the total. Second, it has one of the largest proportions of value of homes built 2010 to 2019 at $490,000 of the total and is ranked #2. The only larger place being Four Corners CDP with $494,300. Third, it has the largest proportion of value of homes built 2000 to 2009 at $644,200 of the total and is ranked #1. Also, it has in the center range of other places in the local area as measured by value of homes built 1980 to 1989 at $350,000 of the total. In addition, it has one of the largest proportions of value of homes built 1940 to 1949 at $478,600 of the total and is ranked #2. The only larger place being Bozeman with $630,900.

Figure 35 compares the total number of occupied housing units to vacant housing units. This analysis can be used to understand any housing shortage in the community. it has the largest proportion of occupied housing units at 16% of the total and is ranked #1.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Gallatin Gateway CDP residents. it has a Owner-Household Size of 2.6 which is less than most other places in the local area. The place with the highest homeowner household size in the area is King Arthur Park CDP which depicts a homeowner household size of 3.7 (43.8% larger).

Figure 37 shows the household size for renters. Gallatin Gateway CDP shows it has a Renter-Household Size of 1.4 which is the smallest as measured by renter household size of all the other places in the metropolitan area. The place with the highest renter household size in the area is Amsterdam CDP which shows a renter household sizes of 4.3 (approximately 3.0 times bigger). Figure 38 shows the year that people who own homes moved into this region. it has one of the largest proportions of owners moved in 2019 or later at 38% of the total and is ranked #2. The only larger place being Amsterdam CDP with 38%. Second, it has the smallest proportion of owners moved in 2015 to 2018 at 16% of the total. Third, it has the second smallest when ranked by owners moved in 2019 or later of all the other places in the greater region as measured by owners moved in 2010 to 2014 at 15% of the total. Figure 39 shows the year that people who rent moved into the area. Gallatin Gateway CDP has the largest proportion of renters moved in 2019 or later at 79% of the total and is ranked #1. Second, it has less than most other places in the local area as measured by renters moved in 2015 to 2018 at 21% of the total.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2013 which is the third most median year that a home owner moved in of all other places in the greater Gallatin Gateway CDP region. Figure 41 compares the median year that renters moved into their home. Gallatin Gateway CDP shows it has a Renter Median Year Moved In of 2017 which is the highest of all places in the greater Gallatin Gateway CDP region.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. it has the largest proportion of homes using natural gas at 14% of the total and is ranked #1. Second, it has the largest proportion of homes using coal or coke at 12% of the total and is ranked #1.