The story of this market
The typical home in ZIP 59103 sells for about $389,238, or $189 per square foot.
Prices are up +3% from a year ago, so sellers still have some momentum. Homes take about 64 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,520 a month.
ZIP 59103 — Billings
The Billings housing market is currently experiencing a period of stabilization with a median sale price of $389,238 and a 3% year-over-year increase. While inventory remains tight, the market has shifted to favor buyers, providing more negotiation power than in previous years. Steady demand is supported by the city's role as a regional healthcare and economic hub.
This area is ideal for urban-focused professionals, downsizers, and renters who prioritize proximity to downtown amenities, walkability, and access to regional healthcare and retail hubs.
Median prices moved up 3.0% year over year.
Homes spend a median of 64 days on market with 4.0 months of supply — a fast-moving market.
6% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.4% · poverty 11.2% — a stable, low-distress profile.
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 6.8%/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 6.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 59103, Yellowstone County MT
Crime rates in Billings are generally higher than the Montana state average, with property crime being the most frequently reported issue in the downtown core.
The area is served by Billings Public Schools, which maintains a mix of highly-rated elementary schools and varying performance levels at the secondary level.
The region faces moderate risks from wildfire smoke during summer months and occasional severe wind events, with standard flood insurance requirements in designated Yellowstone River floodplain areas.
Billings serves as the primary economic hub for the region, with significant momentum in healthcare, energy, and retail sectors supporting steady infrastructure development.
Property taxes are assessed by Yellowstone County based on a statewide mill levy system; Montana does not have a general sales tax, but local jurisdictions may apply resort or local option taxes.
The ZIP code is centrally located in downtown Billings, offering high walkability and short drive times to major employment centers via the I-90 and I-94 corridors.
Residents have immediate access to the Yellowstone River parks system, numerous downtown museums, and local golf courses, with major shopping districts located within a 3-mile radius.
The rental market shows high demand with a median rent of $1,520, though vacancy pressure has eased slightly compared to previous years.
The economy is anchored by the healthcare sector, including Billings Clinic and St. Vincent Healthcare, alongside energy and regional trade services.
The area is served by MET Transit and is positioned at the intersection of major interstate highways, facilitating regional logistics and commuting.
Ongoing urban renewal initiatives focus on increasing residential density in the downtown core and improving pedestrian infrastructure.
The Yellowstone County Department of Revenue oversees property assessments, which are updated on a recurring cycle to reflect market value.
Parcels are subject to Billings Public School District levies and various municipal utility and fire protection district assessments.
Property insurance premiums are influenced by regional wildfire risk and severe weather patterns, with market availability remaining stable.
Data retrieved from data.census.gov ZCTA-level tables.
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 Park45.8 mi
- Oasis4.51.8 mi
- Get Air Trampoline Park4.44.3 mi
- Öx Indoor Axe Throwing4.91.9 mi
- Chuck E. Cheese4.13.7 mi
- MetraPark - First Interstate Arena4.31.7 mi
- Pioneer Park4.61.2 mi
- Moss Mansion Museum4.80.6 mi
- The High Horse Saloon & Eatery4.41.3 mi
- The Pub Station4.50.1 mi
- ZooMontana4.56.6 mi
- Lava Island4.82.8 mi
- Pictograph Cave State Park4.44.7 mi
- Amend Park4.42.6 mi
- Riverfront Park4.53.2 mi
- Pictograph Cave State Park4.44.7 mi
- Moss Mansion Museum4.80.6 mi
- Wise Wonders Science and Discovery Museum4.60.3 mi
- Yellowstone Art Museum4.50.3 mi
- Roots Garden Center4.73.4 mi
- Pictograph Cave State Park4.44.7 mi
- Amend Park4.42.6 mi
- Riverfront Park4.53.2 mi
- Pioneer Park4.61.2 mi
- Zimmerman Park4.75.1 mi
- Lake Hills Golf Course4.33.4 mi
- Eaglerock Golf Course4.49.4 mi
- Yellowstone Country Club4.67.8 mi
- Billings Par 34.73.2 mi
- Briarwood Country Club4.64.4 mi
- Rimrock Mall43.9 mi
- Ross Dress for Less44.3 mi
- T.J. Maxx4.24.3 mi
- Albertsons40.4 mi
- Shipton's Big R West4.44.5 mi
- Billings-Logan International Airport4.42.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A premier cultural institution located in the downtown core.
Large urban park offering trails and recreational facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.