The story of this market
The typical home in ZIP 59002 sells for about $396,500, or $189 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 23 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,135 a month.
ZIP 59002 — Acton
The Billings housing market is currently balanced, with a median sale price of $396,500 and a moderate inventory level. While prices have seen a slight year-over-year increase, the market is characterized by stable demand and a reasonable pace of sales. Buyers are finding more options compared to previous years, though competition remains for well-priced properties.
This area is well-suited for families and professionals seeking a balance between urban amenities and access to outdoor recreation. It is particularly attractive to those looking for a lower cost of living compared to major coastal metros while maintaining a stable job market.
Median prices moved up 2.1% year over year.
Homes spend a median of 23 days on market with 6.0 months of supply — a fast-moving market.
32% of listings have cut prices · homes sell at 98.5% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 9.7% · poverty 33.8% — elevated distress and economic pressure.
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 6.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
Billings, MT
Crime rates in Billings are generally higher than the Montana state average, with property crime being the most frequently reported offense. Local law enforcement continues to focus on community-based policing initiatives to address these trends.
The area is served by Billings Public Schools, which maintains a diverse range of elementary, middle, and high schools. Educational quality varies by specific attendance zone, with several schools receiving average to above-average ratings on state accountability metrics.
The region 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 concentrated along the Yellowstone River corridor.
Billings serves as the primary economic hub for the region, with significant employment in healthcare, energy, and retail sectors. Infrastructure development is focused on expanding utility capacity and road improvements to support steady population growth.
Property taxes are assessed by Yellowstone County based on the market value of the property, with rates determined by local mill levies. Montana does not have a general sales tax, and property tax exemptions are available for qualifying primary residences and seniors.
Most residents rely on personal vehicles for commuting, with average travel times typically under 20 minutes due to the city's grid layout and limited traffic congestion. Public transit options are available but serve a limited portion of the daily workforce.
The area features extensive access to outdoor recreation, including the expansive Zimmerman Park, numerous neighborhood greenbelts, and proximity to the Yellowstone River. Shopping and dining are concentrated in the downtown core and the West End commercial districts.
The rental market remains competitive with low vacancy rates, driven by steady demand from both local workers and transient professionals. Short-term rental activity is present but regulated by municipal zoning ordinances.
The economy is anchored by the healthcare sector, energy production, and regional retail distribution. Billings serves as the primary trade and service center for a large portion of Montana and northern Wyoming.
The city is served by a network of major highways including I-90 and I-94, facilitating regional logistics and commuting. Public transportation is provided by MET Transit, which operates bus routes throughout the city.
Development is currently focused on infill residential projects and the expansion of commercial infrastructure in the West End. Several mixed-use projects are in the planning stages to increase housing density near the city center.
The Yellowstone County Department of Revenue oversees property assessments, utilizing a mass appraisal system to determine market values for tax purposes.
Parcels may be subject to various special districts, including fire protection, water and sewer districts, and specific school district levies.
Property insurance premiums have seen moderate increases due to regional wildfire and hail exposure. Homeowners are encouraged to maintain adequate coverage for wind and fire damage.
null
null
null
Data retrieved from US Census Bureau ACS 5-year estimates for Billings city.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- The Reef Indoor Water Park412.9 mi
- Oasis4.510 mi
- Get Air Trampoline Park4.412.2 mi
- Öx Indoor Axe Throwing4.911.4 mi
- Chuck E. Cheese4.110.5 mi
- MetraPark - First Interstate Arena4.310.9 mi
- Pioneer Park4.610.3 mi
- Moss Mansion Museum4.811 mi
- The High Horse Saloon & Eatery4.411.3 mi
- The Pub Station4.511.1 mi
- Lava Island4.912.2 mi
- Amend Park4.412 mi
- Pioneer Park4.610.3 mi
- AMC Shiloh 143.911.7 mi
- Moss Mansion Museum4.811 mi
- Pictograph Cave State Park4.415.7 mi
- Moss Mansion Museum4.811 mi
- Wise Wonders Science and Discovery Museum4.611.1 mi
- Yellowstone Art Museum4.510.9 mi
- Roots Garden Center4.79 mi
- Amend Park4.412 mi
- Pioneer Park4.610.3 mi
- Zimmerman Park4.78.1 mi
- Rose Park4.49.7 mi
- Lake Elmo State Park4.48.6 mi
- Lake Hills Golf Course4.38.5 mi
- Eaglerock Golf Course4.410.5 mi
- Yellowstone Country Club4.68.1 mi
- Billings Par 34.711.1 mi
- Rimrock Mall410.9 mi
- Ross Dress for Less411.5 mi
- T.J. Maxx4.211.4 mi
- Albertsons410.7 mi
- Shipton's Big R West4.412.3 mi
- Billings-Logan International Airport4.49.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large park offering hiking and biking trails with scenic views of the city.
Major river providing fishing, boating, and riverside park access.
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.