The story of this market
The typical home in ZIP 59116 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 59116 — Billings
The Billings housing market is currently balanced, with inventory levels and sales pace indicating stability. While listing prices have seen modest growth, the market remains accessible compared to national trends, driven by steady regional demand.
This ZIP is a unique commercial/institutional code rather than a residential neighborhood, making it unsuitable for residential buyers or renters.
Median prices moved up 9.3% year over year.
Homes spend a median of 47 days on market with 4.5 months of supply — a fast-moving market.
16% of listings have cut prices · homes sell at 97.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — a stable, low-distress profile.
Not determinable at the ZIP level; city-wide crime trends are monitored by local law enforcement and generally align with regional averages for a city of this size.
Public schools serving the area are part of the Billings Public Schools district, which provides a range of educational services; specific school ratings vary by individual campus.
The area is subject to standard regional risks including wildfire smoke during summer months and occasional severe wind events; flood risk is localized to specific drainage basins.
Billings serves as a regional economic hub for healthcare, energy, and retail, with ongoing development focused on expanding infrastructure to support a growing population.
Property taxes are assessed by Yellowstone County based on market value; Montana does not have a general sales tax, and property tax rates are determined by local mill levies.
ZIP 59116 is a unique ZIP code associated with First Interstate Bank; as a non-residential ZIP, it does not have a standard residential commute profile.
The area is centrally located within Billings, providing access to the city's extensive park system, the Yellowstone River, and major retail corridors within a short drive.
The rental market in Billings shows solid demand with a median rent of $1,520, though the market has seen some recent downward pressure on pricing.
Billings is the largest city in Montana and serves as the primary trade and medical center for the region, with major employers in healthcare and energy.
The city is served by a network of highways including I-90 and I-94, with local transit provided by MET Transit.
Development is focused on infill projects and infrastructure upgrades to accommodate regional growth.
Yellowstone County utilizes a mass appraisal system to determine property values for tax purposes.
Parcels are subject to various local levies including school district, county, and municipal taxes.
Property insurance premiums in the region are influenced by wildfire and severe weather risk profiles.
- 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 opportunities.
Extensive network of city parks and trails.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.