Groundwork

Real estate · County · Montana

Real estate businesses in Gallatin County, MT

The real estate businesses in Gallatin County, MT, the household spending behind them and how the market ranks against other counties.

Groundwork market score · out of 100

Score 38 out of 100: Lower middle

Ranked #1,759 of 2,229 scored counties
#15 of 17 scored counties in Montana

Listings
420
21 chain locations (5%)
Official establishments
433
+24.1% since 2019
Household spending a year
$990.4M
On rent and homeowner costs · $19,337 a household
Housing spending per listing (U.S. = 100)
54
46% below the U.S.
Listings per 10k households
82.0
2.1 times the U.S.
Population, 2025
128,740
+7.7% since 2020

See the real estate businesses around any address in Gallatin County

The site report maps the real estate businesses on map listings near the address, by name and distance, and sizes the households and spending around it. Or open the report at the center of Gallatin County. Signed out, you see a blurred preview; on an account, each report is one action.

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Survey estimates 2020–2024 · population estimates 2025 · official business counts 2023 · map listings September 2026 · Data credits · How we measure

What this means

Gallatin County scores 38 (lower middle) on the Groundwork market score for real estate businesses, ranking #1,759 of 2,229 scored counties and #15 of 17 scored counties in Montana. That puts it in the bottom quarter of counties.

As of September 2026, map listings count 420 real estate businesses in Gallatin County. 21 of them (5%) are chain locations, against 6% across the U.S. Per 10,000 households, that is 82.0, 2.1 times the U.S. rate of 38.5.

Households in Gallatin County spend about $990.4M a year on rent and homeowner costs, or $19,337 per household, 16% above the U.S. average. Housing spending per office is 46% below the U.S. figure. That figure is all rent and homeowner costs, used as a measure of housing demand; it is not money real estate businesses take in.

The official count of businesses with payroll classed as real estate agents, property managers, mortgage lenders and inspectors in Gallatin County was 433 in 2023, up 24.1% from 2019. That is one for every 118 households, against one for every 414 across the U.S. Since fiscal 2022, 3 SBA-backed loans worth $1.9M have gone to businesses classed as real estate agents, property managers, mortgage lenders and inspectors in Gallatin County. Population estimates show Gallatin County grew 7.7% from 2020 to 2025, faster than the U.S. (+3.1%).

How Gallatin County compares

The same measures for Montana and the whole U.S. Housing spending per listing divides all rent and homeowner costs by the listings counted: a measure of housing demand for each business, not money any of them take in, so it is shown against the U.S. (100) only. Households per establishment divides households by the official count.

Real estate in Gallatin County, MT compared with Montana and the U.S.
MeasureGallatin CountyMontanaU.S.
Listings per 10k households82.046.938.5
Housing spending per listing (U.S. = 100)5485100
Households per official establishment118260414
Official establishment growth, 2019–2023+24.1%+25.1%+15.8%
Population growth, 2020–2025+7.7%+5.3%+3.1%
Spending per household on rent and homeowner costs$19,337$17,303$16,661
Median household income$93,528$72,509$80,734
Groundwork market score3832

Official counts and lending

Businesses

Official establishments, 2019 to 2023
349 → 433+24.1% over the period
Employees, 2023
902
Annual payroll, 2023
$66.5M
One-person businesses, 2023
1,179Businesses with no payroll
Map listings, September 2026
42021 chain locations
Listings at the U.S. rate for this spending
229The U.S. ratio of listings to household spending, applied here

SBA-backed loans since fiscal 2022

Loans
3
Amount
$1.9M

SBA-backed loans to businesses classed as real estate agents, property managers, mortgage lenders and inspectors in Gallatin County, through June 2026, placed by the borrower’s ZIP code. Official establishments are businesses with payroll; the official counts leave out places with fewer than 3.

Population and households in Gallatin County

Population, 2025 estimate
128,740+7.7% since 2020
Households
51,215
Median age
36.3
Homes lived in by their owners
61%
Vehicles per household
2.1
Land area
2,605 sq. mi.
People per square mile
48
Median household income
$93,528+40.9% vs. 2015–2019, before inflation
Average household income
$132,508
Median home value
$667,600
Jobs located here
70,333
Daytime population
127,514Residents who don’t work, plus everyone whose job is here

Looking at a specific site in Gallatin County?

These figures cover the whole county. A site report draws rings around one address and counts what’s inside them: households, spending, jobs, and the real estate businesses on map listings by name and distance.

Or open the report at the center of Gallatin County. Signed out, you see a blurred preview; on an account, each report is one action.

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Real estate across Montana

Every Montana market ranked →

The highest-scoring counties in Montana for real estate businesses, numbered among those based in Montana, with Gallatin County marked.

Top counties in Montana

Counties in Montana ranked for real estate businesses by Groundwork market score
MarketScoreListingsPer 10k householdsHousing spending per listing (U.S. = 100)Population growthU.S. rank
1Richland County, MT69613.6303−1.3%#224 of 2,229
2Custer County, MT59917.9214+1.5%#613 of 2,229
3Sanders County, MT571323.8151+12.9%#729 of 2,229
4Fergus County, MT551528.3131+3.1%#839 of 2,229
5Carbon County, MT471736.4113+9.1%#1,241 of 2,229
6Lake County, MT464737.4102+6.9%#1,315 of 2,229
7Hill County, MT441625.8138−0.5%#1,394 of 2,229
8Lincoln County, MT413639.687+13.1%#1,586 of 2,229
9Cascade County, MT3913036.5106+0.7%#1,685 of 2,229
10Yellowstone County, MT3932045.890+4.5%#1,693 of 2,229
15Gallatin County, MT3842082.054+7.7%#1,759 of 2,229

Other business types in Gallatin County

Each with its Groundwork market score here, out of 100, where it has one.

Questions

How many real estate businesses are in Gallatin County, MT?

Gallatin County has 420 real estate businesses on map listings as of September 2026. 21 of them (5%) are chain locations. The listings count real estate agents and brokers, property managers, mortgage brokers and lenders, and home inspectors. Official counts show 433 businesses with payroll classed as real estate agents, property managers, mortgage lenders and inspectors in 2023, up 24.1% from 2019. Official counts list 1,179 one-person businesses without payroll.

How much do households in Gallatin County, MT spend on rent and homeowner costs?

About $990.4M a year, or $19,337 per household. That is 16% above the U.S. average (an index of 116, where 100 is the U.S. average). For the 420 real estate businesses on map listings, housing spending per office is 46% below the U.S. figure. The spending figure is all rent and homeowner costs, a measure of housing demand, not money real estate businesses take in. It is estimated from the incomes of the 51,215 households in Gallatin County and national spending patterns by income.

How does Gallatin County, MT compare with the U.S. for real estate businesses?

Gallatin County has 82.0 real estate businesses per 10,000 households, 2.1 times the U.S. rate of 38.5. The index of housing spending per office is 54, where 100 is the U.S. At the national ratio of real estate businesses to household spending, Gallatin County would have about 229, against 420 on map listings. There is one business with payroll in the industry for every 118 households, against one for every 414 across the U.S. The official count rose 24.1% from 2019 to 2023, against +15.8% for the U.S.

How fast is Gallatin County, MT growing?

Population estimates put Gallatin County at 128,740 people in 2025, up 7.7% since 2020, faster than the U.S. (+3.1%). It has 51,215 households. The median household income in Gallatin County is $93,528 a year, 16% above the U.S. median of $80,734. That rose 40.9% from the 2015–2019 survey, before inflation.

What is the Groundwork market score?

The Groundwork market score runs from 0 to 100 and compares a market with others of its kind for one business type: states with states, metro areas with metro areas, small-town markets and counties with their own. It weighs household spending per competitor (35%), households per business with payroll (25%), population growth (20%) and spending power (20%), each ranked against those peers. A higher score means that, taken together, the market has more household spending and more households for each business already there, faster population growth and more spending per household than similar markets. It describes a market, not any one site or deal. Gallatin County scores 38 for real estate businesses (lower middle), #1,759 of 2,229 scored counties.

How can I see the market around a specific site?

Run a Groundwork site report on an address in Gallatin County. It maps the real estate businesses on map listings near the site and sizes the households and spending within the distance you choose. New accounts get 10 actions over 3 days, no card.

How the score works · Top markets for real estate businesses · All 56 business types in Gallatin County

Screening a site or an acquisition in Gallatin County?

A site report maps the competitors on map listings near an address and sizes the households and spending around it.

The button opens the report at the center of Gallatin County. Signed out, you see a blurred preview; on an account, each report is one action.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are estimates for research only. Not investment or real estate advice.