The story of this market
The typical home in ZIP 59111 sells for about $462,349, or $215 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 64 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,240 a month.
ZIP 59111 — Billings
The Billings housing market is currently characterized by a buyer-friendly environment with a moderate supply of inventory and stable price growth. While home values have seen a modest year-over-year increase, the market remains less competitive than in previous years, providing buyers with more negotiation leverage.
This area is well-suited for families and local professionals seeking a suburban lifestyle with access to regional amenities and a lower cost of living compared to national averages.
Median prices moved up 2.4% year over year.
Homes spend a median of 64 days on market with 4.0 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.5% · poverty 11.0% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 1.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 59111, Yellowstone County, MT
Billings reports a violent crime rate of 746 per 100,000 residents and a property crime rate of 3,083 per 100,000, which is higher than most cities reporting to the FBI.
Public schools in the Billings area are managed primarily by Billings Public Schools, with performance ratings varying by individual campus.
The region faces standard risks associated with high-plains weather, including wind and occasional severe storm events, with insurance premiums reflecting regional hazard exposure.
Billings serves as the primary economic hub for the region, with major employment sectors including healthcare, energy, and retail trade supporting steady development.
Property taxes are assessed at the county level by Yellowstone County based on state-mandated appraisal cycles, with rates varying by local school and municipal district levies.
Residents in the Billings area primarily rely on personal vehicles for commuting, with major highway corridors providing access to the city's central employment districts.
The area offers access to local parks, trail systems along the Yellowstone River, and proximity to regional golf courses and shopping centers within the greater Billings metro.
The rental market in Billings shows moderate pressure with a median rent of approximately $1,240, reflecting a balance between supply and demand for workforce housing.
The Billings economy is anchored by the healthcare, energy, and retail sectors, serving as a regional trade center for Montana and northern Wyoming.
Transportation is dominated by highway infrastructure, with major routes facilitating regional connectivity and local commuting.
Development in the area is focused on expanding residential capacity and supporting infrastructure to accommodate steady population growth.
Yellowstone County utilizes a mass appraisal system to determine property values for tax purposes, following Montana state assessment guidelines.
Parcels are subject to various local levies including school district, county, and municipal taxes, with specific assessments for utility and fire services.
Property insurance markets in Montana are influenced by regional wildfire and severe weather risks, leading to stable but elevated premium trends.
Data derived from ZCTA-level census profiles and regional market reports.
- The Reef Indoor Water Park413.8 mi
- Oasis4.513.9 mi
- Get Air Trampoline Park4.413.3 mi
- Öx Indoor Axe Throwing4.912.7 mi
- Chuck E. Cheese4.114.4 mi
- MetraPark - First Interstate Arena4.313.1 mi
- Pioneer Park4.613.6 mi
- Moss Mansion Museum4.812.8 mi
- The High Horse Saloon & Eatery4.412.6 mi
- The Pub Station4.512.6 mi
- Pictograph Cave State Park4.48.2 mi
- Lava Island4.812.2 mi
- Amend Park4.412.5 mi
- Riverfront Park4.511.4 mi
- Moss Mansion Museum4.812.8 mi
- Pictograph Cave State Park4.48.2 mi
- Moss Mansion Museum4.812.8 mi
- Wise Wonders Science and Discovery Museum4.612.7 mi
- Yellowstone Art Museum4.512.9 mi
- Roots Garden Center4.715.3 mi
- Pictograph Cave State Park4.48.2 mi
- Amend Park4.412.5 mi
- Riverfront Park4.511.4 mi
- Four Dances Trailhead4.811.4 mi
- DanWalt Botanical Gardens4.711.3 mi
- Briarwood Country Club4.69.4 mi
- Albertsons4.212.7 mi
- NAPA Auto Parts4.212.4 mi
- Billings-Logan International Airport4.414.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides extensive trail systems and recreational access for the community.
Serves as the primary commercial hub for the surrounding region.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.