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Billings

Learn about the people, housing, costs and businesses in Billings

Median Home$355,349
Median Rent$1,215/month
Population189,255
Leading IndustriesManufacturing · Agriculture & Mining · Finance & Insurance2% manufacturing
Home Value Growth+10.1% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners71% of occupied units
NotableVeteran Community9% of residents · top 18% nationally
NotableHighly Educated24% hold a bachelor's degree · top 20% nationally
Billings

Frequently Asked Questions

What are today's mortgage rates in Billings?

Mortgage rates for Billings are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

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What is the median home price in Billings?

The median home value in Billings is $355k. The median monthly rent is $1,215. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Billings?

Home values in Billings have increased 10.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Billings?

Based on a typical all-in ownership cost of $1,266/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $54k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Billings is $81k/year.

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What industries drive the economy in Billings?

The largest employment sectors in Billings are public administration (24%) and healthcare (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.