diff --git a/netbox/netbox/settings.py b/netbox/netbox/settings.py
index 94df915bb..27195c6d3 100644
--- a/netbox/netbox/settings.py
+++ b/netbox/netbox/settings.py
@@ -12,7 +12,7 @@ except ImportError:
                                "the documentation.")
 
 
-VERSION = '1.6.4-dev'
+VERSION = '1.7.0'
 
 # Import local configuration
 for setting in ['ALLOWED_HOSTS', 'DATABASE', 'SECRET_KEY']: