The story of this market
The typical home in Billings, Montana sells for about $410,000, or $242 per square foot.
Prices are roughly flat from a year ago (+0.4%), a market in balance. Homes take about 47 days to sell. HUD's fair market rent for a two-bedroom is $1,138 a month.
Monthly price momentum
Home values since 2015
+2.9%
MT · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Billings, Montana
The Billings housing market is currently balanced, characterized by steady demand and a moderate inventory level that prevents extreme price volatility. While year-over-year price growth remains modest, the city's role as a regional economic hub continues to support long-term property value stability. Market participants should note that while inventory is sufficient, the pace of sales remains sensitive to broader economic conditions.
No ARED county foreclosure postings attributed to Billings yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).
Deterministic aggregate of 11 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 3.3% year over year.
Homes spend a median of 59 days on market with 4.1 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 86.38% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 10.5% — a stable, low-distress profile.
- The Reef Indoor Water Park45.8 mi
- Oasis4.51.8 mi
- Get Air Trampoline Park4.44.3 mi
- Öx Indoor Axe Throwing4.91.9 mi
- Chuck E. Cheese4.13.6 mi
- MetraPark - First Interstate Arena4.31.8 mi
- Pioneer Park4.61.2 mi
- Moss Mansion Museum4.80.6 mi
- The High Horse Saloon & Eatery4.41.2 mi
- The Pub Station4.50.1 mi
- ZooMontana4.56.6 mi
- Lava Island4.82.7 mi
- Pictograph Cave State Park4.44.7 mi
- Amend Park4.42.5 mi
- Riverfront Park4.53.2 mi
- Pictograph Cave State Park4.44.7 mi
- Moss Mansion Museum4.80.6 mi
- Wise Wonders Science and Discovery Museum4.60.3 mi
- Yellowstone Art Museum4.50.2 mi
- Roots Garden Center4.73.3 mi
- Pictograph Cave State Park4.44.7 mi
- Amend Park4.42.5 mi
- Riverfront Park4.53.2 mi
- Pioneer Park4.61.2 mi
- Zimmerman Park4.75 mi
- Lake Hills Golf Course4.33.4 mi
- Eaglerock Golf Course4.49.5 mi
- Yellowstone Country Club4.67.7 mi
- Billings Par 34.73.1 mi
- Briarwood Country Club4.64.4 mi
- Rimrock Mall43.8 mi
- Ross Dress for Less44.3 mi
- T.J. Maxx4.24.2 mi
- Albertsons40.4 mi
- Shipton's Big R West4.44.5 mi
- Billings-Logan International Airport4.42.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A premier cultural institution in downtown Billings featuring contemporary art of the Northern Rockies.
The city's largest park, offering extensive green space, sports facilities, and community event areas.
Dramatic sandstone cliffs that define the city's landscape and offer extensive hiking and scenic views.
A popular recreational area featuring a lake for swimming, fishing, and non-motorized boating.
A comprehensive network of urban trails connecting neighborhoods, parks, and commercial districts.
Billings is well-suited for families seeking a balance of urban amenities and outdoor access, as well as professionals working in the regional medical and energy sectors. The city's stable housing market and relatively affordable cost of living compared to national averages make it an attractive destination for those looking for long-term stability in a growing regional hub.
The city is served by the Billings Public Schools district, which provides a comprehensive range of educational services from elementary through high school. The district is the largest in the state and focuses on preparing students for diverse career paths and higher education.
The city is served by major highway corridors including I-90 and I-94, facilitating regional trade and commuting. Local transit is supported by the MET Transit system, which provides bus services throughout the city.
Billings offers an extensive park system, including the iconic Rimrocks and Lake Elmo State Park, which provide significant outdoor recreation opportunities. The city also features a robust trail network and a vibrant downtown area with cultural amenities that serve as a central gathering point for residents.
The rental market in Billings remains competitive, with a median rent of $1,138 reflecting steady demand from a diverse workforce. Vacancy rates are generally low, and the market is supported by both long-term residents and transient professionals drawn to the city's regional medical and energy sectors.
Billings serves as the primary economic engine for a vast trade area, with a diverse economy anchored by healthcare, finance, and retail. The city benefits from its status as a regional medical center and a hub for energy and agricultural services.
Billings serves as a major regional hub for medical, financial, and retail services, driving consistent economic momentum. Ongoing infrastructure projects and the expansion of the medical corridor continue to attract investment and support a growing population base.
Development efforts are currently focused on the expansion of the medical district and the ongoing revitalization of the downtown core. These projects aim to increase housing density and improve commercial infrastructure.
Parcels in Billings are subject to various special districts, including school districts, fire protection districts, and local improvement districts for infrastructure maintenance.
Billings experiences crime rates that are generally higher than the Montana state average, with property crime being the most prevalent concern. Local law enforcement and community advisory boards actively coordinate to address public safety trends and neighborhood security.
The region is subject to seasonal wildfire risks and high-wind events common to the Northern Rockies and plains. Property owners typically manage these risks through standard insurance coverage, though proximity to the Rimrocks and river corridors requires awareness of localized flood and erosion potential.
Property insurance in the area is influenced by regional wildfire and wind risks, with premiums reflecting the broader climate posture of the Northern Rockies.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Montana) — Taxable Interests in Exempt Property: The property is assessed and taxed to the private holder as if they held legal title, without deduction for unpaid purchase price. State (Montana) — Residential Property Tax Assessment: Property is valued by the Department of Revenue; tax is calculated by applying the state-determined tax rate to the taxable value (Market Value x Tax Rate). Homestead and long-term rental reduced tax rates are available via enrollment.
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this city's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from U.S. Census Bureau QuickFacts and ACS 5-year tables.