Billings Metro Area, MT Housing

The housing market in the Billings, MT Metro Area is thriving. The median value of a house in the area is $355,800, higher than the U.S. median value of $338,100. Additionally, the one year appreciation rate for a house in Billings is 11.60%, which is significantly higher than the U.S. average of 8.27%. This indicates that houses in this area are increasing in value and are a worthwhile investment for potential homeowners or investors.

The median home cost in Billings Metro Area is $355,800. Home appreciation the last 10 years has been 95.0%. Home Appreciation in Billings Metro Area is up 19.7%.

Average Age of Homes

- The median age of Billings Metro Area real estate is 40 years old

The Rental Market in Billings Metro Area

- Renters make up 28.3% of the Billings Metro Area population
- 1.7% of houses and apartments in Billings Metro Area, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Billings, Montana	United States
	82,355.0	139,647,020.0
	41	42
	$355,800	$338,100
	19.7%	16.6%
	60.7%	57.0%
	95.0%	101.1%
	$9.06	$10.98
	$2,323	$2,690
	63.8%	57.4%
	8.6%	11.2%
	27.6%	31.4%
Vacant Housing
	1.7%	1.9%
	0.2%	0.4%
	0.5%	0.7%
	0.2%	0.4%
	3.0%	3.6%
	3.0%	4.1%
Value of Owner-Occupied Housing
	2.7%	2.6%
	2.5%	2.4%
	1.3%	2.8%
	1.6%	3.9%
	1.5%	4.5%
	6.1%	11.3%
	13.6%	13.0%
	34.6%	20.1%
	17.6%	13.6%
	9.3%	8.3%
	5.9%	9.7%
	2.0%	3.9%
	0.7%	2.2%
	0.3%	0.8%
	0.4%	1.1%
Housing Units by Year Structure Built
	0.4%	0.2%
	13.5%	13.6%
	13.5%	13.6%
	14.2%	13.6%
	11.5%	13.2%
	17.4%	14.8%
	14.2%	13.6%
	10.9%	10.0%
	4.5%	4.7%
	9.5%	12.2%

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