Billings, MT Metro Area - Investment Guide
Metro Area • 21 Cities • 26 ZIP Codes
Avg Home Value
$461,727
Avg Monthly Rent
$1,315
Avg Cap Rate
2.30%
Avg Investability
3.0 ★
Cities
21
ZIP Codes
26
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Market Trends
Metro Home Value History
Metro Rent History
🏦 30-yr Fixed Rate:
6.76%
as of Sep 10
Source: Freddie Mac PMMS
⚖️
BALANCED MARKET
Billings, MT Metro Area
Even conditions for buyers and sellers
58 days
Average time to sell
Average
8.8%
Listings with price cuts
Few Cuts
0.0%
Sale price vs asking
Below Ask
0.0%
Income needed for mortgage
Affordable
📅
Market conditions data as of August 29, 2026 — updated weekly
Best ZIP codes in Billings, MT
Every ZIP in the metro, ranked four ways. Free.
Cities in Billings, MT
Absarokee
Montana
1 ZIPs
Ballantine
Montana
1 ZIPs
Belfry
Montana
1 ZIPs
Billings
Montana
8 ZIPs
Bridger
Montana
1 ZIPs
Columbus
Montana
1 ZIPs
Custer
Montana
1 ZIPs
Fishtail
Montana
2 ZIPs
Fromberg
Montana
1 ZIPs
Huntley
Montana
1 ZIPs
Joliet
Montana
1 ZIPs
Laurel
Montana
1 ZIPs
Molt
Montana
1 ZIPs
Nye
Montana
1 ZIPs
Park City
Montana
1 ZIPs
Red Lodge
Montana
1 ZIPs
Reed Point
Montana
1 ZIPs
Roberts
Montana
1 ZIPs
Ryegate
Montana
1 ZIPs
Shepherd
Montana
1 ZIPs
Worden
Montana
1 ZIPs
Top ZIP Codes by Investability
| ZIP Code | City | State | Home Value | Rent | Cap Rate | Rating |
|---|---|---|---|---|---|---|
| 59019 | Columbus | MT | $480,314 | $1,116 | 1.81% | |
| 59074 | Ryegate | MT | $233,340 | $1,152 | 3.85% | |
| 59041 | Joliet | MT | $532,460 | $1,503 | 2.20% | |
| 59105 | Billings | MT | $408,160 | $1,334 | 2.55% | |
| 59006 | Ballantine | MT | $369,569 | $1,116 | 2.36% | |
| 59068 | Red Lodge | MT | $501,898 | $1,116 | 1.73% | |
| 59008 | Belfry | MT | $396,810 | $1,341 | 2.64% | |
| 59069 | Reed Point | MT | $455,654 | $1,656 | 2.83% | |
| 59024 | Custer | MT | $387,292 | $1,287 | 2.59% | |
| 59079 | Shepherd | MT | $470,441 | $1,782 | 2.95% | |
| 59044 | Laurel | MT | $374,411 | $1,207 | 2.51% | |
| 59106 | Billings | MT | $536,913 | $1,792 | 2.60% | |
| 59057 | Molt | MT | $583,769 | $1,296 | 1.73% | |
| 59014 | Bridger | MT | $381,917 | $1,116 | 2.28% | |
| 59070 | Roberts | MT | $536,554 | $1,395 | 2.03% | |
| 59028 | Fishtail | MT | $589,346 | $1,314 | 1.74% | |
| 59088 | Worden | MT | $405,326 | $1,251 | 2.41% | |
| 59101 | Billings | MT | $332,393 | $1,195 | 2.80% | |
| 59061 | Nye | MT | $526,814 | $1,377 | 2.04% | |
| 59015 | Acton | MT | $361,988 | $1,314 | 2.83% | |
| 59071 | Fishtail | MT | $474,148 | $1,116 | 1.84% | |
| 59029 | Fromberg | MT | $394,613 | $1,251 | 2.47% | |
| 59037 | Huntley | MT | $502,530 | $1,233 | 1.91% | |
| 59102 | Billings | MT | $382,316 | $1,422 | 2.90% | |
| 59001 | Absarokee | MT | $466,405 | $1,152 | 1.93% | |
| 59063 | Park City | MT | $499,582 | $1,287 | 2.01% | |
| 59019 | Columbus | MT | $438,924 | $1,116 | 1.98% | |
| 59074 | Ryegate | MT | $207,311 | $1,152 | 4.33% | |
| 59024 | Custer | MT | $371,673 | $1,287 | 2.70% | |
| 59079 | Shepherd | MT | $460,569 | $1,782 | 3.02% | |
| 59041 | Joliet | MT | $550,725 | $1,503 | 2.13% | |
| 59105 | Billings | MT | $421,032 | $1,354 | 2.51% | |
| 59006 | Ballantine | MT | $385,335 | $1,116 | 2.26% | |
| 59068 | Red Lodge | MT | $524,645 | $1,116 | 1.66% | |
| 59008 | Belfry | MT | $428,817 | $1,341 | 2.44% | |
| 59069 | Reed Point | MT | $475,327 | $1,656 | 2.72% | |
| 59028 | Fishtail | MT | $530,218 | $1,314 | 1.93% | |
| 59088 | Worden | MT | $397,890 | $1,251 | 2.45% | |
| 59044 | Laurel | MT | $381,615 | $1,303 | 2.66% | |
| 59106 | Billings | MT | $543,030 | $1,769 | 2.54% | |
| 59057 | Molt | MT | $608,085 | $1,296 | 1.66% | |
| 59014 | Bridger | MT | $400,403 | $1,116 | 2.17% | |
| 59070 | Roberts | MT | $562,000 | $1,395 | 1.94% | |
| 59029 | Fromberg | MT | $384,930 | $1,251 | 2.53% | |
| 59101 | Billings | MT | $323,129 | $1,210 | 2.92% | |
| 59037 | Huntley | MT | $475,310 | $1,233 | 2.02% | |
| 59102 | Billings | MT | $371,376 | $1,410 | 2.96% | |
| 59001 | Absarokee | MT | $406,742 | $1,152 | 2.21% | |
| 59061 | Nye | MT | $560,179 | $1,377 | 1.92% | |
| 59015 | Acton | MT | $379,252 | $1,314 | 2.70% |
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About Billings, MT Real Estate Market
The Billings, MT metropolitan statistical area (MSA) encompasses 21 cities and 26 ZIP codes. The average home value across the metro is $461,727, with an average monthly rent of $1,315. Explore individual cities and ZIP codes to find investment opportunities that match your criteria.