The results of a 2014 Bozeman rental housing survey were presented to the city on Wednesday. The findings? That the vacancy rate in Bozeman is non-existent and the only way someone may be able to stay the night in town, may be a hotel. The survey collected data from 2,554 total rental units within city limits. Half of the properties were market rate properties and the rest were either subsidized housing or non-residence hall student housing i.e. campus owned homes. Not a single home reported a vacancy when surveyed. The summary also found that of the two subsidized properties that recorded waiting lists, 155 applicants were still left in line. From those numbers, the survey safely concluded that the number of applicants far surpassed the number of vacant rentals in Bozeman.

Currently, the average price of an efficiency unit, like a studio, rents for $549 a month. One bedroom homes rent for $597; two bedroom homes rent for $817; and three bedroom homes rent fro $1,035 a month.

The summary did guard its readers about the small sample size of the data because most of the data was drawn from a very slim segment of the market. The survey was commissioned as part of Bozeman’s affordable housing plan that was adopted in 2012.

Source: http://www.bozemandailychronicle.com/news/city/article_f76c7172-3939-11e4-b994-abee9f1df5d3.html#disqus_thread