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These days, finding an affordable place to live in the Billings area can be challenging. Home prices in Billings are now at a median cost of $354,068, lower than the Montana average of $409,886.
The average cost of rent is $1,308/mo in Billings, primarily driven by the current value of real estate in the Billings area. In Billings, 32.32% of households rent, and 40.08% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Billings is $6,955 per month. Households that rent pay about 18.81% of their income on rent here. Billings’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hesper, MT: higher priced homes
- Lockwood, MT: less expensive homes
- Billings Heights, MT: equally priced homes
- Acton, MT: equally priced homes
- Laurel, MT: equally priced homes
- Shepherd, MT: equally priced homes
- Huntley, MT: equally priced homes
- Molt, MT: higher priced homes
- Silesia, MT: higher priced homes
- Park City, MT: higher priced homes
Cities with Similar Populations
- Ocala, FL: less expensive homes
- Palm Harbor, FL: higher priced homes
- Oxnard, CA: higher priced homes
- Odessa, TX: less expensive homes
- Owensboro, KY: less expensive homes
- Oshkosh, WI: less expensive homes
- Palm Coast, FL: equally priced homes
- Olympia, WA: higher priced homes
- Orem, UT: higher priced homes
- Orange, CA: higher priced homes
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