Billings, MT Real Estate
Billings anchors one of Montana's largest metro areas with a population of about 118,321. The median home value is near $311,800, and median rent runs around $1,097/mo.
Market + demographic figures: U.S. Census ACS (2023 5-year). Geocoding: OpenStreetMap.
Median Home Value
$311,800
Median Rent
$1,097/mo
Population
118,321
Median Income
$71,855
Median Age
38.1
Homeownership
64.8%
Monthly payment on a median Billings home
Example for a $311,800 home: 20% down, 30-yr at ~6.75%, MT property tax ~0.74%, 0.4% insurance.
Est. monthly (PITI)
$1,914
Principal & interest
$1,618
Property tax / mo
$192
Down payment (20%)
$62,360
Billings at a glance
- 25% of residents 25+ hold a bachelor's degree or higher.
- 64.8% of occupied homes are owner-occupied.
- Median household income is $71,855.
- Always verify the assigned school district, flood zone, and HOA for a specific address before signing.
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