Market Overview
Home Prices in Billings, MT
The median home value in Billings, MT is $402,554 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.1% compared to a year ago and up 1.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Billings are priced2% below average. Billings is part of the Billings, MT metro area.
Over the past five years, Billings home values have risen by approximately31.1%, reflecting strong long-term appreciation in this market.
Price History
Billings Home Price Trend
City Comparison
Billings vs. National Median
At $402,554, homes in Billings cost 2% below the national median of $410,000. This makes Billings a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Billings?
20% Down Payment
$80,511
on $402,554
Monthly P&I
$2,099/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,666/mo
incl. taxes & insurance
Income Needed
$106,640
gross annual (30% rule)
10% Down Option
$40,255
+ PMI applies
Loan Amount (20% dn)
$322,043
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Billings, MT?
The median home value in Billings is $402,554 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.1% year-over-year.
How much have home prices changed in Billings?
Over the past year, home values in Billings have increased by 2.1%. Over five years, prices have risen approximately 31.1%.
How much do I need to earn to buy a home in Billings?
To comfortably afford the median home price of $402,554 with a 20% down payment ($80,511) at today's rates (6.8%), you'd need a gross annual income of approximately $106,640. This assumes keeping total housing costs at or below 30% of gross income.
How does Billings compare to the national average home price?
The national median home value is approximately $410,000. At $402,554, homes in Billings are 2% below the national average.
What metro area is Billings part of?
Billings is part of the Billings, MT metropolitan area. Home prices and market conditions can vary across the broader metro region.