Billings housing market: median home price and forecast
Billings home prices: the Zillow Home Value Index put the typical home in Billings, Montana at $401,071 in September 2026. This was 2.4% above the previous year and the highest monthly value recorded.
- Typical value of a home
- $401,071September 2026, Zillow ZHVI
- Change over 12 months
- A +2.4% change since September 2025.
Billings home prices since 2000
Billings is shown by the steel line, while the United States is shown by the grey line. From January 2009, the typical Billings home increased from $192,446 to $401,071, which is ×2.08. Over those same months, the US recorded ×1.99.
Billings median home price by year
Each yearly figure averages the twelve monthly values; the 2026 figure shows the latest month.
| Year | Billings | Change on the year | United States |
|---|---|---|---|
| 2009 | $191,477 | $177,542 | |
| 2010 | $192,541 | +0.6% | $171,462 |
| 2011 | $193,818 | +0.7% | $162,508 |
| 2012 | $196,468 | +1.4% | $161,137 |
| 2013 | $207,457 | +5.6% | $171,420 |
| 2014 | $218,309 | +5.2% | $182,996 |
| 2015 | $234,791 | +7.5% | $192,738 |
| 2016 | $237,324 | +1.1% | $204,509 |
| 2017 | $239,372 | +0.9% | $216,767 |
| 2018 | $246,820 | +3.1% | $230,541 |
| 2019 | $258,318 | +4.7% | $242,088 |
| 2020 | $272,228 | +5.4% | $257,151 |
| 2021 | $306,939 | +12.8% | $295,959 |
| 2022 | $357,894 | +16.6% | $340,014 |
| 2023 | $375,802 | +5.0% | $348,160 |
| 2024 | $386,179 | +2.8% | $359,751 |
| 2025 | $392,132 | +1.5% | $362,959 |
| September 2026 | $401,071 | +2.4% | $366,157 |
Current value of Billings homes bought in any year
This uses index-based figures for a typical home rather than an appraisal.
Each year's figure averages its twelve monthly index values; the current value is from September 2026. Additional options: home appreciation calculator.
Are you thinking of selling? Local agents can be compared on Realtor.com. The site may receive payment for links of this kind, which never affects any figure. Advertising disclosure: Disclosure.
Billings housing market forecast
For the Billings, MT metro, Zillow's forecast calls for +2.6% across the 12 months from September 2026. It also expects +0.9% during the next three months. With Billings's typical value at $401,071, this forecast points to about $411,500 one year on.
Here, Zillow's central estimate for the metro is repeated. No forecast of its own is published by the site. Forecasts of this kind for a 12-month period have usually differed from the actual change by several percentage points in either direction. This is not investment advice.
One table holds every metro forecast: housing market forecast.
Billings housing market crash risk score
54 of 100, on the high side
To rank Billings against the 292 cities, the score uses five conditions that ran high before earlier price falls. Every input is scored against the other cities from 0 to 100. The five scores then receive equal weight when averaged. The score describes current conditions; it does not predict a crash.
| Input | Value | Sub-score | Weight |
|---|---|---|---|
| Active listings vs 2019 | +8.7% | 57 | 20% |
| Time on the market vs 2019 | −1.7% | 34 | 20% |
| Price-to-rent ratio | 24.0 | 80 | 20% |
| Price-to-income ratio | 5.8 | 71 | 20% |
| 12-month price change | +2.4% | 26 | 20% |
This is not investment advice. How the inputs receive their scores: scoring method. Rankings for all 292 cities: crash risk by city.
Days on market and inventory in Billings
In September 2026 the Billings, MT metro listed 896 homes for sale, up 7.2% from a year earlier and 8.7% from September 2019. Listings sold after a median of 59 days (down 1.7% against 2019), while 19.2% had their asking price reduced.
| Billings, MT metro, September 2026 | Value | On a year |
|---|---|---|
| Active listings | 896 | +7.2% |
| New listings | 264 | |
| Median days on market | 59 | +0.9% |
| Median list price | $469,900 | −1.3% |
| Share with a price cut | 19.2% |
Metro inventory from Realtor.com® Economic Research. Realtor.com data. All metros: days on market by city.
Billings cost of living
The Zillow Observed Rent Index lists Billings's typical asking rent as $1,393 each month, which is +3.6% over a year. Paying that rent for 24.0 years equals the cost of a typical home. Median household income stands at $69,112 (Census ACS 2024), putting the typical home at 5.8 times annual income. BEA gives the metro a price index of 93.5, compared with the US average of 100, and a housing cost index of 77.4.
Moving there: cost of living in Billings, covering rent, prices, and the salary needed.
Additional housing markets across Montana
Statewide figures: Montana housing market.
How to read this chart
Each point shows the Zillow Home Value Index for Billings, which tracks a typical home's value within the market's middle third, with smoothing and seasonal adjustments, in that month's dollars. The hollow dot indicates the slider's selected month, while the terracotta dot represents the latest month. These figures do not account for inflation, and the index tracks a typical home rather than any particular property. To estimate one home's value, use its sale price with the card above or the home appreciation calculator.