diff --git a/.bumpversion.cfg b/.bumpversion.cfg
index 41c4b46..da19fbc 100644
--- a/.bumpversion.cfg
+++ b/.bumpversion.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 0.5.0-dev
+current_version = 0.5.0
 commit = True
 tag = False
 parse = (?P<major>\d+)\.(?P<minor>\d+)\.(?P<patch>\d+)(?:-(?P<release>[0-9A-Za-z-]+(?:\.[0-9A-Za-z-]+)*))?(?:\+(?P<build>[0-9A-Za-z-]+(?:\.[0-9A-Za-z-]+)*))?
diff --git a/docs/source/conf.py b/docs/source/conf.py
index fc25f82..6f604d7 100644
--- a/docs/source/conf.py
+++ b/docs/source/conf.py
@@ -27,7 +27,7 @@
 author = 'Charles Tapley Hoyt'
 
 # The full version, including alpha/beta/rc tags.
-release = '0.5.0-dev'
+release = '0.5.0'
 
 # The short X.Y version.
 parsed_version = re.match(
diff --git a/setup.cfg b/setup.cfg
index 304ac38..bc263f8 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -4,7 +4,7 @@
 # Configuring setup()
 [metadata]
 name = pystow
-version = 0.5.0-dev
+version = 0.5.0
 description = Easily pick a place to store data for your python package.
 long_description = file: README.md
 long_description_content_type = text/markdown
diff --git a/src/pystow/version.py b/src/pystow/version.py
index 63ad3e5..afc23b8 100644
--- a/src/pystow/version.py
+++ b/src/pystow/version.py
@@ -6,4 +6,4 @@
     "VERSION",
 ]
 
-VERSION = "0.5.0-dev"
+VERSION = "0.5.0"