LatestCoverageAll 50 states, D.C. and five territories now on the ledger|NewPuerto Rico's 78 municipios ledgered, municipio by municipio|FeatureAssessment appeal workspace — build a filing package from your own evidence|FeatureLiving reports — versioned, re-runnable, exportable|DevelopersMetered REST gateway · issued keys · signed webhooks|Live market readings · refreshed on loadAlbuquerque · NMMedian List$360K+2.5%|Austin · TXMedian List$550K-1.0%|Baltimore · MDMedian List$225K-6.3%|Bernalillo County · NMMedian List$364K+2.7%|Bexar County · TXMedian List$303K+3.7%|Boston · MAMedian List$859K+3.4%|Charlotte · NCMedian List$430K-0.1%|Chicago · ILMedian List$426K+9.3%|Clark County · NVMedian List$447K+0.1%|Columbus · OHMedian List$300K+0.6%|Cook County · ILMedian List$348K+5.1%|Dallas · TXMedian List$449K-0.1%|Davidson County · TNMedian List$481K+0.1%|Denver · COMedian List$569K+1.6%|Detroit · MIMedian List$105K-2.8%|Duval County · FLMedian List$297K-2.3%|El Paso · TXMedian List$260K+3.7%|Fort Worth · TXMedian List$332K-2.1%|Franklin County · OHMedian List$320K+3.2%|Fresno · CAMedian List$406K-2.3%|Harris County · TXMedian List$327K+0.6%|Houston · TXMedian List$340K+0.6%|Indianapolis · INMedian List$260K+2.3%|Jackson County · MOMedian List$275K+7.0%|Jacksonville · FLMedian List$309K-2.1%|Jefferson County · KYMedian List$248K-4.3%|Kansas City · MOMedian List$240K+4.3%|King County · WAMedian List$860K-4.2%|Las Vegas · NVMedian List$440K-1.1%|Los Angeles · CAMedian List$950K-0.5%|Louisville · KYMedian List$275K0.0%|Maricopa County · AZMedian List$458K-0.4%|Marion County · INMedian List$259K+3.7%|Mecklenburg County · NCMedian List$407K-5.3%|Memphis · TNMedian List$202K+2.5%|Mesa · AZMedian List$450K-3.1%|Milwaukee · WIMedian List$243K+5.7%|Multnomah County · ORMedian List$518K-1.2%|Nashville · TNMedian List$480K+1.0%|New York · NYMedian List$899K+0.5%|Oklahoma City · OKMedian List$275K-0.6%|Oklahoma County · OKMedian List$259K-0.7%|Philadelphia · PAMedian List$249K+0.3%|Phoenix · AZMedian List$480K0.0%|Pima County · AZMedian List$373K+0.9%|Portland · ORMedian List$640K-6.0%|Sacramento · CAMedian List$510K+4.0%|San Antonio · TXMedian List$236K-1.2%|San Diego · CAMedian List$994K+4.2%|San Francisco · CAMedian List$1.4M+1.7%|San Jose · CAMedian List$1.3M-11.9%|Santa Clara County · CAMedian List$1.3M+0.1%|Seattle · WAMedian List$874K-2.8%|Shelby County · TNMedian List$259K-2.4%|Suffolk County · MAMedian List$857K+7.3%|Tarrant County · TXMedian List$385K-1.2%|Travis County · TXMedian List$523K-0.3%|Tucson · AZMedian List$316K+2.7%|Wayne County · MIMedian List$229K+6.7%|LatestCoverageAll 50 states, D.C. and five territories now on the ledger|NewPuerto Rico's 78 municipios ledgered, municipio by municipio|FeatureAssessment appeal workspace — build a filing package from your own evidence|FeatureLiving reports — versioned, re-runnable, exportable|DevelopersMetered REST gateway · issued keys · signed webhooks|Live market readings · refreshed on loadAlbuquerque · NMMedian List$360K+2.5%|Austin · TXMedian List$550K-1.0%|Baltimore · MDMedian List$225K-6.3%|Bernalillo County · NMMedian List$364K+2.7%|Bexar County · TXMedian List$303K+3.7%|Boston · MAMedian List$859K+3.4%|Charlotte · NCMedian List$430K-0.1%|Chicago · ILMedian List$426K+9.3%|Clark County · NVMedian List$447K+0.1%|Columbus · OHMedian List$300K+0.6%|Cook County · ILMedian List$348K+5.1%|Dallas · TXMedian List$449K-0.1%|Davidson County · TNMedian List$481K+0.1%|Denver · COMedian List$569K+1.6%|Detroit · MIMedian List$105K-2.8%|Duval County · FLMedian List$297K-2.3%|El Paso · TXMedian List$260K+3.7%|Fort Worth · TXMedian List$332K-2.1%|Franklin County · OHMedian List$320K+3.2%|Fresno · CAMedian List$406K-2.3%|Harris County · TXMedian List$327K+0.6%|Houston · TXMedian List$340K+0.6%|Indianapolis · INMedian List$260K+2.3%|Jackson County · MOMedian List$275K+7.0%|Jacksonville · FLMedian List$309K-2.1%|Jefferson County · KYMedian List$248K-4.3%|Kansas City · MOMedian List$240K+4.3%|King County · WAMedian List$860K-4.2%|Las Vegas · NVMedian List$440K-1.1%|Los Angeles · CAMedian List$950K-0.5%|Louisville · KYMedian List$275K0.0%|Maricopa County · AZMedian List$458K-0.4%|Marion County · INMedian List$259K+3.7%|Mecklenburg County · NCMedian List$407K-5.3%|Memphis · TNMedian List$202K+2.5%|Mesa · AZMedian List$450K-3.1%|Milwaukee · WIMedian List$243K+5.7%|Multnomah County · ORMedian List$518K-1.2%|Nashville · TNMedian List$480K+1.0%|New York · NYMedian List$899K+0.5%|Oklahoma City · OKMedian List$275K-0.6%|Oklahoma County · OKMedian List$259K-0.7%|Philadelphia · PAMedian List$249K+0.3%|Phoenix · AZMedian List$480K0.0%|Pima County · AZMedian List$373K+0.9%|Portland · ORMedian List$640K-6.0%|Sacramento · CAMedian List$510K+4.0%|San Antonio · TXMedian List$236K-1.2%|San Diego · CAMedian List$994K+4.2%|San Francisco · CAMedian List$1.4M+1.7%|San Jose · CAMedian List$1.3M-11.9%|Santa Clara County · CAMedian List$1.3M+0.1%|Seattle · WAMedian List$874K-2.8%|Shelby County · TNMedian List$259K-2.4%|Suffolk County · MAMedian List$857K+7.3%|Tarrant County · TXMedian List$385K-1.2%|Travis County · TXMedian List$523K-0.3%|Tucson · AZMedian List$316K+2.7%|Wayne County · MIMedian List$229K+6.7%|
Property-class scope

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

MT 234.9USA 208.1
20152017201920212023202595135175239.9

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.

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Billings, Montana

city-limits scoped researchrefreshed Oct 12, 2026, 6:32 AM2 refresh cycles retainednext refresh due Nov 11, 2026
Market sentiment: cautiously optimistic

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%).

County & ZIP intel reports · Billings← Montana state intel
Aerial view · city limitscensus incorporated-place boundary over current aerial imagery
Leaflet Imagery © Esri, Maxar, Earthstar Geographics
Land area · 120.2 km²Water area · 0.3 km²U.S. Census Bureau TIGERweb — incorporated place boundary (current vintage)
Latest readings
Median sale price
$410,000
Corroborated · 1 anchor · 0% off nearest
Median price / sq ft
$242
Median days on market
47
Active listings
765
Listings with price cuts
16%
Median price change YoY
+0.4%
Closed sales (monthly)
787
Months of supply
1.9
Sale-to-list ratio
98.5%
Median asking rent
$1,138/mo
Population
121,239
Median household income
$73,712
Avg effective property tax rate
0.85%
Distress filings (ledger)
0
Deterministic roll-up
11 of 11 ZIP reports contributed
Median sale price
$397,837
Median price / sq ft
$207
Median days on market
59.04
Active listings
7,515
Listings with price cuts
17.74%
Median price change YoY
+3.31%
Closed sales (monthly)
3,576
Months of supply
4.13
Sale-to-list ratio
86.38%
Median asking rent
$1,428/mo
Population
1,052,258
Median household income
$68,039

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.

City Market ScoreZIP-SCORE-1.3 · 4/4 sections graded
63
Composite · average of graded sections
Computed only from this report's published readings — sections without data are excluded, never estimated.
67
Growth/100

Median prices moved up 3.3% year over year.

62
Liquidity/100

Homes spend a median of 59 days on market with 4.1 months of supply — a fast-moving market.

35
Momentum/100

18% of listings have cut prices · homes sell at 86.38% of asking — demand is holding steady.

88
Safety & stability/100

no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 10.5% — a stable, low-distress profile.

Major amenities · Billings, Montana
Theme, amusement & water parks
7 · 24 mi
Entertainment venues, stadiums & amphitheaters
13 · 24 mi
Family fun & things to do
20+ · 16 mi
Museums, galleries & history
12 · 24 mi
Parks, trails & nature
19 · 16 mi
Shopping & dining districts
12 · 16 mi
Airports
1 · 31 mi

Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.

Amenities & attractions5 retained amenities · 2 developments on the horizon

The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.

Inside this city
Yellowstone Art Museum
Museum

A premier cultural institution in downtown Billings featuring contemporary art of the Northern Rockies.

Pioneer Park
Park

The city's largest park, offering extensive green space, sports facilities, and community event areas.

Rimrocks
Geological Landmark

Dramatic sandstone cliffs that define the city's landscape and offer extensive hiking and scenic views.

Lake Elmo State Park
Park/Waterfront

A popular recreational area featuring a lake for swimming, fishing, and non-motorized boating.

Billings TrailNet
Trail System

A comprehensive network of urban trails connecting neighborhoods, parks, and commercial districts.

On the horizon · announced & under construction
Medical Corridor ExpansionInfrastructureOngoingSignificant investment in healthcare facilities to support Billings' role as a regional medical hub.
Downtown Revitalization ProjectMixed-UseOngoingMulti-phase effort to enhance downtown walkability, retail, and residential density.
Area contextthe picture of what this city is like — and what living there means
Living there
Who this city fits

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.

Schools & education

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.

Transportation & infrastructure

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.

Recreation & amenities

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.

Rental market

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.

Economy & momentum
Economy & employers

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.

Growth & development

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 pipeline

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.

Special districts

Parcels in Billings are subject to various special districts, including school districts, fire protection districts, and local improvement districts for infrastructure maintenance.

Risk & carrying cost
Crime & safety

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.

Environmental & hazard

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.

Insurance & hazard market

Property insurance in the area is influenced by regional wildfire and wind risks, with premiums reflecting the broader climate posture of the Northern Rockies.

Taxation

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.

Median price · ten-year history

Researched annual trajectory for this city, from published historical series

2016201720182019202020212022202320242025202620282030$200,000$300,000$400,000$500,000$600,000

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.

Property tax · ten-year history

Median annual property tax paid on this city's residential parcels

2016201720182019202020212022202320242025202620282030$1,500$2,250$3,000$3,750$4,500

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.

Discovery profileACS 2023 5-year estimates
Census profile · Billings city, Montana
Population
121,239
Median age
39 yrs
Owner-occupancy
62.5%
Median home value
$343,400
Median gross rent
$1,138
Median household income
$73,712
Median year built
1978
Vacancy rate
5.2%
Renter share
37.5%
Owner cost burden
22%
Renter cost burden
41%
Population change
+3.5%
Work-from-home share
8.5%
Mean commute
18.2 min
Bachelor's or higher
31%
Unemployment
3.2%
Poverty rate
10.5%
Avg household size
2.35
White
85%
Hispanic or Latino
6.5%
American Indian and Alaska Native
4.5%
Two or More Races
3%
Other
1%

Data retrieved from U.S. Census Bureau QuickFacts and ACS 5-year tables.

Public schools · 4
Billings Senior High SchoolHighBBillings Public SchoolsA large comprehensive high school serving the central part of the city.
Skyview High SchoolHighB+Billings Public SchoolsKnown for strong academic and extracurricular programs.
Lewis and Clark Middle SchoolMiddleB-Billings Public SchoolsServes a diverse student population in the heart of the city.
Broadwater Elementary SchoolElementaryBBillings Public SchoolsFocuses on foundational literacy and numeracy skills.
School districts
Billings Public SchoolsBThe largest school district in Montana, serving the entire city of Billings with a wide array of academic and vocational programs.
Utilities & services
ElectricityNorthWestern EnergyPrimary provider for the region.
Natural GasNorthWestern EnergyPrimary provider for the region.
Water/SewerCity of BillingsMunicipal utility services.
InternetSpectrum/CenturyLinkMajor broadband providers in the area.
Major employers & industries
Billings ClinicHealthcareLargest private employer in the region.
St. Vincent HealthcareHealthcareMajor regional medical provider.
School District 2EducationSignificant public sector employer.
City of BillingsGovernmentMajor municipal employer.
The data chain · drill up or downproperty → ZIP → city → county → state
Drill up · parent geographies
Drill down · ZIP intel reports beneath this city13 ZIP reports · 13 researched
Sources · 5 cited