The story of this market
The typical home in ZIP 59108 sells for about $410,000, or $242 per square foot.
Prices are up +9.3% from a year ago, so sellers still have some momentum. Homes take about 47 days to sell. HUD's fair market rent for a two-bedroom is $1,520 a month.
ZIP 59108 — Billings
The Billings housing market remains balanced with steady price appreciation and moderate inventory levels. While closed sales prices have seen a 9.3% year-over-year increase, the market is showing signs of stabilization as days on market remain consistent. Buyers are finding a more measured pace compared to previous years, supported by a stable local economy.
This area is well-suited for families and professionals seeking a balance of suburban living and access to regional urban amenities, with a stable housing market.
Median prices moved up 9.3% year over year.
Homes spend a median of 47 days on market with 3.5 months of supply — a fast-moving market.
16% 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 3.2% · poverty 9.0% — 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 7.4%/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 6.4%/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 59108, Yellowstone County MT
Not determinable at the ZIP level; city-wide trends indicate moderate property crime rates consistent with regional urban centers in Montana.
Schools serving the area are part of the Billings Public Schools district, which maintains a mix of ratings across elementary, middle, and high school levels.
The area faces standard regional risks including wildfire smoke during summer months and occasional high-wind events; flood risk is localized to specific drainage basins.
Billings serves as a regional economic hub for healthcare, energy, and retail, with steady development momentum driven by its role as the largest city in Montana.
Property taxes are assessed by Yellowstone County based on market value; Montana does not have a general sales tax, and property tax rates are subject to local mill levies.
Residents typically rely on personal vehicles for commuting, with most employment centers in downtown Billings and the West End accessible via I-90 and I-94.
The area offers proximity to the Yellowstone River, numerous city parks, and regional trail systems, with major shopping districts located along the King Avenue corridor.
The rental market shows solid demand with a median rent of $1,520; vacancy pressure remains low due to the city's role as a regional employment center.
The economy is anchored by healthcare, energy, and regional retail services, with major employers including Billings Clinic and St. Vincent Healthcare.
The city is served by a network of highways including I-90 and I-94, with limited public transit options primarily focused on the urban core.
Development is focused on infill projects and expansion of residential subdivisions on the city's western and northern fringes.
Yellowstone County utilizes a mass appraisal system to determine property values for tax purposes, updated on a cyclical basis.
Parcels are subject to various special districts including school, fire, and water/sewer districts depending on specific location.
Property insurance premiums are influenced by regional wildfire risk and severe weather patterns, with market health remaining stable.
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.
Montana is a non-disclosure state, meaning sale prices are not public record, which complicates market transparency.
Data retrieved from data.census.gov and local market reports.
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 Park46 mi
- Oasis4.52.6 mi
- Get Air Trampoline Park4.44.5 mi
- Öx Indoor Axe Throwing4.92.2 mi
- Chuck E. Cheese4.14.3 mi
- MetraPark - First Interstate Arena4.32.2 mi
- Pioneer Park4.62.2 mi
- Moss Mansion Museum4.81.4 mi
- The High Horse Saloon & Eatery4.41.7 mi
- The Pub Station4.51.1 mi
- ZooMontana4.56.8 mi
- Lava Island4.82.8 mi
- Pictograph Cave State Park4.43.6 mi
- Amend Park4.42.7 mi
- Riverfront Park4.52.9 mi
- Pictograph Cave State Park4.43.6 mi
- Moss Mansion Museum4.81.4 mi
- Wise Wonders Science and Discovery Museum4.61.2 mi
- Yellowstone Art Museum4.51.4 mi
- Roots Garden Center4.74.3 mi
- Pictograph Cave State Park4.43.6 mi
- Amend Park4.42.7 mi
- Riverfront Park4.52.9 mi
- Pioneer Park4.62.2 mi
- Zimmerman Park4.76 mi
- Lake Hills Golf Course4.34.3 mi
- Eaglerock Golf Course4.49.9 mi
- Yellowstone Country Club4.68.6 mi
- Billings Par 34.73.6 mi
- Briarwood Country Club4.63.6 mi
- Rimrock Mall44.3 mi
- Ross Dress for Less44.7 mi
- T.J. Maxx4.24.7 mi
- Albertsons41.5 mi
- Shipton's Big R West4.44.7 mi
- Billings-Logan International Airport4.43.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major regional river providing fishing and recreation access.
Primary regional shopping destination for the Billings area.
Large municipal park offering sports fields and walking paths.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.