Bozeman Real Estate Data

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Demographic, Population Trends – Bozeman, Gallatin County, State of Montana – Mid 2000s

Gallatin County’s population in 2008 was about 87,400 and its county seat, Bozeman, had some 35,100 residents. According to the U.S. Census Bureau, the City of Bozeman’s population increased from 22,660 in 1990 to 27,509 in 2000, increasing by 4,849 people. This represents an increase in population of approximately 21% over a ten-year period, or an average yearly rate of growth of about 2.1%. In contrast, Bozeman grew roughly 1,015 people during the 1980s. Between 1980 and 1990, Bozeman’s population increased from 21,645 to 22,550, a 4.7% increase and average yearly growth rate of about 0.47%.

Gallatin County’s population increased from 50,463 in 1990 to 67,831 in 2000 – an increase of 17,368 people. This represents an increase in population of approximately 34% over an ten-year period, or an average growth rate of 3.4% per year. The entire state of Montana grew by 12.9% between 1990 and 2000 (799,065 in 1990 and 902,195 in 2000) with an average growth rate of approximately 1.29% per year.

According to the 2010 US Census population data site: the Montana population is 989,415

Recent Population Trends – City of Bozeman – Mid 2000s

Recent Growth Snapshot: Based upon population estimates from the State of Montana for July 1, 2006 (35,061 people), and residential building permit activity in 2006 and 2007, Bozeman’s population was estimated to have been approximately 37,530 at the end of 2007; in 2010 the Bozeman population had dropped to 37,280. The City of Bozeman’s population was estimated to be 36,328 at the end of 2006. Therefore, based on these estimates the City’s population grew by 1,202 people or 3.3% during 2007.

Bozeman Population Growth

In addition to population growth, the City of Bozeman continues to grow in geographic size. In order to accommodate increasing population and business growth, new land for residential, commercial and industrial development continues to be annexed to the City. In 1990, the City was approximately 6,420 acres (10 square miles) in size. By the end of 2007, the City was approximately 12,215 acres (19 square miles) in size. This is a 90% increase in the size of Bozeman in 18 years. The City of Bozeman Department of Planning and Community Development (DPCD) processed 7 annexation applications in 2007. Go to 2010 Census Data.

Bozeman Subdivision Activity

Subdivision activity remained strong in 2007 with new subdivision lots being created. In 2007, final plat applications for 861 lots were received (1,211 in 2006) and preliminary plat applications for 1,434 lots were received (688 in 2006). Since the beginning of 1996, approximately 5,900 new building lots have been created in the City. In 2007, the City of Bozeman DPCD processed 42 subdivision applications and 19 subdivision exemption applications. Since the beginning of 1996, 585 subdivision applications have been processed.

Bozeman Zoning Activity

The DPCD processed 39 zoning applications in 2007. This is substantially less than the number of applications processed in recent years – 80 applications in 2005 and 2006. In fact, the number of zoning applications processed in 2007 is similar to applications processed in 1999 (39) and 2000 (38). Zoning projects include Site Plans, Conditional Use Permits (CUP), Planned Unit Development (PUD) Concept Plans and PUD Preliminary Plans.In 2007, DPCD also processed 20 Zone Map Amendments (ZMA), 4 Growth Policy Amendments (GPA), 3 Planned Unit Development (PUD) Final Plans, 1 Master Site Plan, 11 Reuse/Further Development applications, and 29 Informal reviews.

Residential Building Permits and Construction Trends

Activity of City of Bozeman building permits for residential structures was strong from 1991 until 2007, dropping substantially in 2008 on the heels of the US financial crisis. At the time of the 1990 Census, the City of Bozeman had 9,117 dwelling units in the City limits. By the 2000 Census that number had increased to 11,577 dwelling units, representing a 27% increase in the City’s housing stock in 10 years. In 2007, there were approximately 16,700 dwelling units in the City. Since 1990, single-household units have been the most popular housing type permitted at approximately 37%, followed by multi-household units at approximately 25%. Of the 756 housing units permitted in 2007, 28.3% were for single-household residences, 9.4% for townhomes, 10.6% for duplexes, 4.4% for triplexes, 5.8% for four-plexes, 41.5% for multi-household units, and 0% for manufactured homes. Apply for Bozeman Housing Permits.

· City of Bozeman issued 1004 housing permits in 2008 with 249 Housing Units
· City of Bozeman issued 900 housing permits in 2007 with 758 Housing Units
· City of Bozeman issued 832 housing permits in 2006 with 670 Housing Units
· Total value all building permits for 2008 ~$135,800,000
· Total value all building permits for 2007 $243,751,248
· Total value all building permits for 2006 $192,676,993

Bozeman Economic Opportunities – Bozeman Commercial Development

The Department of Planning and Community Development participates as a voting member on the City’s Economic Development Loan Review Committee (EDLRC). At the end of 2007, the EDLRC managed a portfolio of approximately $887,343 in outstanding loans, with $512,000 available for loans. Revolving Loan Funds are loaned at favorable terms to stimulate job retention and creation in Bozeman.

Montana’s current economic condition
Fed’s Biege Book US current economic condition
Economic development can also be measured by the amount of new commercial and institutional construction activity within the City. In 2007, a number of major commercial developments were approved and permitted for construction, including: CFT Office Building (71,295 square feet); City of Bozeman Intermodal Parking Facility (13,578 square feet); Costco Gasoline Facility (6,300 square feet); Social Security Administration Building (5,399 square feet); and Owenhouse Ace Hardware (39,114 square feet). In total, 321,206 square feet of new nonresidential building were approved and permitted for construction in 2007 including: 291,446 square feet of office; 23,593 square feet of general commercial (including retail) and hotel; and 6,167 square feet of industrial/warehouse space.

Portions from Prospera Business Network