The story of this market
The typical home in ZIP 59115 sells for about $396,500, 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 59115 — Billings
The Billings housing market is currently balanced, with a median sale price of $396,500 and a moderate supply of inventory. Price growth has stabilized at 3.0% year-over-year, reflecting a measured pace for both buyers and sellers. Market activity is driven by steady regional demand and the city's role as a primary economic hub for Montana.
The Billings market is well-suited for families and long-term residents seeking a stable, mid-sized city environment with access to regional healthcare and outdoor amenities.
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.
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 3.5% · poverty 10.5% — 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 7.0%/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 5.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 59115, Yellowstone County, MT
Not determinable at the ZIP level; city-wide crime trends are monitored by the Billings Police Department.
Schools serving the Billings area are primarily managed by Billings Public Schools, which maintains a diverse range of elementary, middle, and high school facilities.
The region faces risks typical of the Northern Rockies, including wildfire smoke during summer months and occasional severe winter weather; flood risk is localized to areas near the Yellowstone River.
Billings serves as a regional economic hub for healthcare, energy, and retail, with ongoing development focused on expanding medical infrastructure and commercial corridors.
Montana utilizes a statewide property tax system with local mill levies; the state does not have a general sales tax, and property taxes are assessed based on the market value of residential property.
Commute times in the Billings area are generally moderate, with most residents relying on personal vehicles to navigate the city's grid and highway infrastructure.
The area offers access to numerous parks, the Yellowstone River, and proximity to regional trail systems, with major shopping and dining concentrated in the city's central and west-end districts.
The rental market shows solid demand with a median rent of $1,520, reflecting a stable but competitive environment for tenants.
Billings is the primary economic center for Montana, anchored by the healthcare, energy, and retail sectors.
The city is served by a network of highways and local transit, with most infrastructure focused on vehicle-based commuting.
Development is focused on infill projects and the expansion of commercial services in the city's growing west end.
The Yellowstone County Department of Revenue handles property assessments for tax purposes.
Parcels are subject to local school district levies and county-wide service assessments.
Property insurance premiums are influenced by regional wildfire and severe weather risks.
Not determinable at the ZIP level.
Montana is a non-judicial foreclosure state, with specific notice and redemption periods defined by state law.
Montana is a non-disclosure state, meaning sale prices are not public record.
Data retrieved from US Census Bureau 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 Park413.8 mi
- Oasis4.513.9 mi
- Get Air Trampoline Park4.413.3 mi
- Öx Indoor Axe Throwing4.912.7 mi
- Chuck E. Cheese4.114.4 mi
- MetraPark - First Interstate Arena4.313.1 mi
- Pioneer Park4.613.6 mi
- Moss Mansion Museum4.812.8 mi
- The High Horse Saloon & Eatery4.412.6 mi
- The Pub Station4.512.6 mi
- Pictograph Cave State Park4.48.2 mi
- Lava Island4.912.2 mi
- Amend Park4.412.5 mi
- Riverfront Park4.511.4 mi
- Moss Mansion Museum4.812.8 mi
- Pictograph Cave State Park4.48.2 mi
- Moss Mansion Museum4.812.8 mi
- Wise Wonders Science and Discovery Museum4.612.7 mi
- Yellowstone Art Museum4.512.9 mi
- Roots Garden Center4.715.3 mi
- Pictograph Cave State Park4.48.2 mi
- Amend Park4.412.5 mi
- Riverfront Park4.511.4 mi
- Four Dances Trailhead4.811.4 mi
- DanWalt Botanical Gardens4.711.3 mi
- Briarwood Country Club4.69.4 mi
- Albertsons4.212.7 mi
- NAPA Auto Parts4.212.4 mi
- Billings-Logan International Airport4.414.7 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 waterway providing recreational access.
Iconic sandstone cliffs offering hiking and scenic views.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.