The story of this market
The typical home in ZIP 59106 sells for about $504,000, or $220 per square foot.
Prices are up +3% from a year ago, so sellers still have some momentum. Homes take about 73 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $3,516 a month.
ZIP 59106 — Billings
The housing market in 59106 shows steady demand with a median sale price of $504,000 and a year-over-year price increase of 3.0%. While inventory remains available, the market is characterized by a balanced environment between buyers and sellers, supported by a strong local economy and consistent population growth.
This ZIP is ideal for families and professionals seeking suburban living with access to modern amenities, good schools, and a relatively short commute to the Billings employment core.
Median prices moved up 3.0% year over year.
Homes spend a median of 73 days on market with 3.9 months of supply — a balanced-paced market.
15% 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 2.8% · poverty 3.5% — a stable, low-distress profile.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 59106, Yellowstone County, MT
Crime in the Billings area is generally considered moderate, with property crime rates trending slightly higher than the national average but remaining consistent with regional urban centers in Montana.
The area is served by Billings Public Schools, which generally maintains a stable reputation with several highly-rated elementary and middle schools within the district.
The region faces moderate risks from wildfire and severe wind events, with property insurance premiums reflecting these environmental factors and the broader Montana climate risk profile.
Economic momentum is driven by the healthcare, energy, and retail sectors in Billings, with steady residential development occurring on the city's western fringe.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Montana) — Taxable Interests in Exempt Property: The property is assessed and taxed to the private holder as if they held legal title, without deduction for unpaid purchase price. State (Montana) — Residential Property Tax Assessment: Property is valued by the Department of Revenue; tax is calculated by applying the state-determined tax rate to the taxable value (Market Value x Tax Rate). Homestead and long-term rental reduced tax rates are available via enrollment.
Residents primarily rely on personal vehicles for commuting, with Grand Avenue serving as a major arterial corridor connecting the ZIP to downtown Billings and regional employment hubs.
The area features access to several neighborhood parks, proximity to the Yellowstone River, and various golf courses and shopping centers located along the Grand Avenue corridor.
The rental market is characterized by moderate vacancy pressure and steady demand, with a mix of single-family rentals and newer multi-family developments.
The local economy is anchored by major healthcare providers, energy companies, and regional retail hubs that serve the broader Yellowstone County area.
Transportation is primarily automobile-dependent, with well-maintained highway corridors providing access to the wider Billings metropolitan area.
Ongoing development includes new residential subdivisions and mixed-use projects expanding westward from the city center.
The Yellowstone County appraisal district conducts periodic property assessments to determine market value for tax purposes.
Parcels are subject to various special districts including school, fire, and county-wide service districts.
Property insurance markets are stable but sensitive to regional wildfire and severe weather risks common to the Montana landscape.
Montana has experienced positive net domestic migration, driven by individuals relocating from higher-cost coastal states.
Montana is primarily a non-judicial foreclosure state, allowing for a streamlined process under the Small Tract Financing Act.
Sellers are required to provide a property disclosure statement detailing known material defects to potential buyers.
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 Park44 mi
- Oasis4.59.2 mi
- Get Air Trampoline Park4.44.8 mi
- Öx Indoor Axe Throwing4.96.6 mi
- Chuck E. Cheese4.14.6 mi
- MetraPark - First Interstate Arena4.39.7 mi
- Pioneer Park4.67.2 mi
- Moss Mansion Museum4.87.6 mi
- The High Horse Saloon & Eatery4.47.2 mi
- The Pub Station4.58.3 mi
- ZooMontana4.53.4 mi
- Lava Island4.86.4 mi
- Pictograph Cave State Park4.411.8 mi
- Amend Park4.46.3 mi
- Riverfront Park4.56.9 mi
- Pictograph Cave State Park4.411.8 mi
- Moss Mansion Museum4.87.6 mi
- Wise Wonders Science and Discovery Museum4.68 mi
- Yellowstone Art Museum4.58.1 mi
- Roots Garden Center4.75.3 mi
- Pictograph Cave State Park4.411.8 mi
- Amend Park4.46.3 mi
- Riverfront Park4.56.9 mi
- Pioneer Park4.67.2 mi
- Zimmerman Park4.74.3 mi
- Lake Hills Golf Course4.39.6 mi
- Laurel Golf Club4.68.8 mi
- Yellowstone Country Club4.62.9 mi
- Billings Par 34.75.2 mi
- Briarwood Country Club4.68.6 mi
- Rimrock Mall44.5 mi
- Ross Dress for Less44.3 mi
- T.J. Maxx4.24.3 mi
- Albertsons48.1 mi
- Shipton's Big R West4.44.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Primary commercial artery serving the area with various retail and dining options.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.