Billings, MT

Metro area in Montana · Updated Jan 2026

12-Month Forecast ↑ +2.1%

Median Home Value

$392,350

↑ +1.2%

Year-over-year

Median Rent

$1,389/mo

↑ +4.3%

Year-over-year

Rental Yield

4.2%

Average yield

5-Year Appreciation

+40.3%

Income Needed to Buy

$96,489

20% down, 30% DTI max

Active Listings

793

For-sale inventory

Price-to-Rent Ratio

23.5

Favors renting

Price Forecast

1 Month

↑ +0.3%

3 Months

↑ +0.9%

12 Months

↑ +2.1%

5-Year Price Trend

Calculate your mortgage for Billings, MT

See monthly payments for a $392,350 home →

Should you rent or buy in Billings, MT?

Price-to-rent ratio: 23.5x — Renting may be smarter. Run a full breakeven analysis with Billings, MT numbers pre-filled →

Frequently Asked Questions