Billings, MT housing market
Typical home value
$401K
▲ 2.4% 1 yr
Typical rent
$1,393/mo
▲ 3.6% 1 yr
Gross rent yield
4.2%
U.S. 6.3%
5-year home value change
+26%
U.S. +20%
Key takeaways
- 1The typical home in Billings is worth $401,071, up 2.4% over the past year and up 26% over five years.
- 2Typical rent is $1,393 a month (+3.6% YoY), a gross rent yield of 4.2% (above the Billings, MT metro's 4.1%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $2,204/mo, $811 more than typical rent.
- 4Zillow forecasts the Billings, MT metro's home values to change +2.6% over the next 12 months.
Market temperature (Billings, MT metro)
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 41/100, #262 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Billings compares
| Measure | Billings | Billings, MT metro | United States |
|---|---|---|---|
| Typical home value | $401,071 | $409,623 | $366,157 |
| Home value, 1-yr change | +2.4% | +2.6% | +1.2% |
| Typical rent | $1,393 | $1,390 | $1,932 |
| Rent, 1-yr change | +3.6% | +3.7% | +2.7% |
| Gross rent yield | 4.2% | 4.1% | 6.3% |
| Price-to-rent ratio | 24.0 | 24.6 | 15.8 |
| Mortgage P&I, typical home | $2,204 | $2,251 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Billings rental, pre-filled.
Rent vs buy in Billings
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $401K home.
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.