The Most Affordable Neighborhoods in Central Terry, Billings, MT by Home Value

 

Central Terry, Billings, MT Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Central Terry area can be challenging. Home prices in Central Terry are now at a median cost of $359,072, higher than the Billings average of $354,068.

The average cost of rent is $1,002/mo in Central Terry, primarily driven by the current value of real estate in the Central Terry area. In Central Terry, 48.68% of households rent, and 28.52% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Central Terry is $4,251 per month. Households that rent pay about 23.58% of their income on rent here. Central Terry’s most expensive areas are in the southern regions, while the cheapest areas are in the eastern parts of the neighborhood.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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