Billings, MT Housing Market
Market data powered by Zillow Research. Last updated: 2026-04-02
Billings, MT offers balanced conditions for buyers.
- •Prices are essentially flat (1.5% YoY) — good negotiating leverage for buyers.
- •Price-to-rent ratio: 24.4 — renting may be more affordable in the near term.
Median Home Value
$398,725
ZHVI
Year-over-Year
+1.5%
Price change
5-Year Change
+39.1%
Since 2021
Median Rent
$1,364/mo
ZORI
Active Listings
741
For sale
State Avg
$455,364
Montana
Home Value Trends
5-year Zillow Home Value Index for Billings, MT vs. state and national averages.
Rent Data
Median Rent
$1,364/mo
Rent YoY Change
+4.5%
Other Markets in Montana
Market data provided by Zillow Research. Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) are trademarks of Zillow, Inc.