Real Estate Investing in Yellowstone County, Montana

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

12 ZIP codes • Population: 167,557

Should you buy in Yellowstone County, MT? Our answer, based on the numbers below.

🏠 For Homebuyers
CAUTION
Grade D (52/100)

Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.

πŸ“ˆ For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

What’s happening in Yellowstone County, MT?

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3.0/ 5

Investability

County-wide average

3.0/ 5

Appreciation

5.5% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

Avg Investability β˜…β˜…β˜…β˜…β˜…
Avg Home Value $437,055
Avg Monthly Rent $1,358
ZIP Codes 12

Investing in Yellowstone County Real Estate

Yellowstone County spans 12 ZIP codes across 9 cities in Montana, with a population of 167,557. The county's tepid investment metrics reflect deeper structural challenges β€” worth studying before making commitments.

A 3.0 rating and a 0.0% 5-year CAGR are the kinds of numbers that warrant real local underwriting. Yellowstone County sits firmly in that category.

Distressed-leaning demographics in Yellowstone β€” soft income growth, high rent burden, population shifts β€” are among the reasons the β˜…β˜…β˜…β˜†β˜† rating sits where it does.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in Yellowstone County, MT. Anonymous, moderated, never written by AI.

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Property managers serving Yellowstone County

Manage rentals here? List your business →

Happy Homes Property Management offers patio home apartments in Billings, MT. summary from their website

Small multifamily
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Yellowstone Property Managers Association is an association for property managers. summary from their website

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Listings are shown for convenience β€” Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.

Avg Home Value
$437,055
Avg Monthly Rent
$1,358
1% Rule
βœ— Below
Landlord Friendly (MT)
β˜…β˜…β˜…β˜…β˜…

πŸ“‰ Market Crash Risk Index

Based on Billings, MT metro

2/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
1/3
52%
Days Pending
1/2
58 days

View all metro crash risk rankings β†’

πŸŽ“ Colleges & Universities in Yellowstone County

4 Colleges 5,164 Students 1,088 Off-Campus Renters
C+
Montana State University Billings
4-Year Public Β· 4,092 students
πŸ“ ~1,088 students rent off-campus
C+
Montana Bible College
4-Year Private Β· 47 students
C
Rocky Mountain College
4-Year Private Β· 991 students
C
Aveda Institute Montana
Vocational For-Profit Β· 34 students

Investor Insight: With 1,088 students living off-campus, Yellowstone County has substantial rental demand from the college population β€” typically stable, lease-renewing tenants.

Cities in Yellowstone County

ZIP Codes in Yellowstone County, MT

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Frequently Asked Questions About Yellowstone County

Are homes affordable in, MT?

Typical homes in, MT go for around $437K. The 5-year CAGR of 0.0% predictable price movement.

Is MT a landlord-friendly state?

MT ranks as a tenant-protective state for landlord-tenant law. generally follows the statewide framework, so landlords face reasonable operating rules.

How strong is the working-renter base in, MT?

Tenant quality in, MT ranks as solid. Landlords generally report consistent occupancy at market rents of $1,358/mo.

Is, MT better for rentals, flips, or BRRRR?

Investors who focus on careful cash-flow rentals with hands-on management typically do well in, MT. The numbers - $437K homes against $1,358/mo rents - support that play.

Community Ratings

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