The story of this market
The typical home in ZIP 59112 sells for about $396,500, or $189 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 19 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,520 a month.
ZIP 59112 — Billings
The Billings housing market shows signs of stability with a median sale price of $396,500 and a measured pace of sales. While inventory remains tight, the market is balanced, driven by steady demand and a strong regional economy. Buyers currently have moderate bargaining power as the market transitions from the rapid growth seen in previous years.
This area is well-suited for families and professionals seeking a balance of urban convenience and access to regional amenities, with a housing stock that offers options for both first-time buyers and established homeowners.
Median prices moved up 2.4% year over year.
Homes spend a median of 19 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 3.2% · poverty 10.5% — 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 7.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 59112, Yellowstone County MT
Crime in the Billings area is generally consistent with regional mid-sized city trends, with property crime being the primary concern. Local law enforcement maintains active community outreach programs to address neighborhood safety.
Public schools in the Billings area are served by the Billings Public Schools district, which provides a range of educational options including specialized magnet programs and standard K-12 curriculum.
The area faces moderate risks from severe weather, including high winds and occasional hail, while wildfire risk is a consideration for properties on the urban-wildland interface. Flood risk is primarily localized to areas near the Yellowstone River.
Billings serves as the economic hub for the region, with major employment sectors including healthcare, energy, and retail. Infrastructure development is focused on expanding transit corridors to support steady population growth.
Property taxes in Yellowstone County are assessed based on market value, with the state of Montana applying a tax rate formula that includes various mill levies for schools, city, and county services.
The ZIP code is centrally located, providing efficient access to the downtown employment core via major arterial roads and the I-90 corridor.
Residents have access to numerous city parks, the Yellowstone River trail systems, and several local golf courses within a short drive, alongside the shopping districts in the downtown and West End areas.
The rental market remains competitive with steady demand, though vacancy rates have seen slight pressure due to new multi-family developments coming online.
The economy is anchored by the healthcare sector, including major regional hospitals, and supported by energy, agriculture, and professional services.
The area is served by a network of highways including I-90 and I-94, with public transit provided by MET Transit.
Ongoing planning efforts focus on infill development and the expansion of bike and pedestrian infrastructure throughout the city.
The Yellowstone County Department of Revenue oversees property assessments, utilizing a mass appraisal system to determine market values for tax purposes.
Parcels are subject to various special districts, including school district levies and local improvement districts for infrastructure maintenance.
Property insurance premiums are influenced by regional weather patterns, with a focus on coverage for wind and hail damage.
Data retrieved from data.census.gov for ZCTA 59112.
- The Reef Indoor Water Park45.9 mi
- Oasis4.52 mi
- Get Air Trampoline Park4.44.4 mi
- Öx Indoor Axe Throwing4.92 mi
- Chuck E. Cheese4.13.8 mi
- MetraPark - First Interstate Arena4.31.8 mi
- Pioneer Park4.61.4 mi
- Moss Mansion Museum4.80.8 mi
- The High Horse Saloon & Eatery4.41.3 mi
- The Pub Station4.50.3 mi
- ZooMontana4.56.7 mi
- Lava Island4.82.7 mi
- Pictograph Cave State Park4.44.4 mi
- Amend Park4.42.6 mi
- Riverfront Park4.53.1 mi
- Pictograph Cave State Park4.44.4 mi
- Moss Mansion Museum4.80.8 mi
- Wise Wonders Science and Discovery Museum4.60.5 mi
- Yellowstone Art Museum4.50.5 mi
- Roots Garden Center4.73.6 mi
- Pictograph Cave State Park4.44.4 mi
- Amend Park4.42.6 mi
- Riverfront Park4.53.1 mi
- Pioneer Park4.61.4 mi
- Zimmerman Park4.75.3 mi
- Lake Hills Golf Course4.33.6 mi
- Eaglerock Golf Course4.49.5 mi
- Yellowstone Country Club4.68 mi
- Billings Par 34.73.3 mi
- Briarwood Country Club4.64.2 mi
- Rimrock Mall44 mi
- Ross Dress for Less44.4 mi
- T.J. Maxx4.24.4 mi
- Albertsons40.7 mi
- Shipton's Big R West4.44.6 mi
- Billings-Logan International Airport4.42.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A large, historic park featuring walking paths and recreational facilities.
A major cultural anchor in the downtown area.
The primary regional shopping destination for the Billings area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.