Investor-grade market analytics for Billings, Montana. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Updated monthly.
$392,350
+1.2% year-over-year
4.3%
gross annual
-6.1%
base case (Zillow ZHVF)
-6.1% year-over-year
Billings, MT is in a stabilization phase with 1.2% year-over-year appreciation, suggesting cooling demand and a shift toward balanced conditions. Affordability is moderately stretched with a price-to-income ratio of 5.26x, above the national average of 4.8x. Modest net positive migration (+593 returns/year) provides steady demand support. Climate risk remains low (28/100), favorable for long-term investment stability. Rental yield of 4.25% is moderate, offering acceptable cash flow for leveraged investments.
12-month projection (Zillow ZHVF model)
Billings, MT's primary climate exposure is wildfire (42/100). The composite climate risk score of 28/100 (Low) indicates overall risk reflecting favorable conditions for long-term real estate investment. This market benefits from relatively low natural hazard exposure compared to coastal and wildfire-prone regions.
Source: FEMA National Risk Index
Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.