Billings, MT 59106 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
Demographics
Economy
Billings, MT — 59106
Market Hotness
74
Hotness Rank
#2,750
Hotness Score
74
Supply Score
59
Demand Score
89
DOM vs US
-7.0%
Faster
Price vs US
138%
Above avg
Median Listing Price
$592K
Population
21,417
Households
74,239
Median Days on Market
46
Active Listings
158
New Listings
78
Housing Market
Pricing
Median Listing Price
$592K
-12.3% YoY
Average Listing Price
$917K
+1.9% YoY
Price per Sq Ft
$250
+7.1% YoY
Median Sq Ft
2,639
-13.6% YoY
Inventory
Active Listings
158
+6.4% YoY
New Listings
78
+62.5% YoY
Total Listings
224
+0.4% YoY
Buyer Competition
Pending Listings
66
-10.2% YoY
Pending Ratio
0.42
-7.7% YoY
Median Days on Market
46
-4.7% YoY
Price Reduced
10.8%
-7.0% YoY
Units & Occupancy
2024 Occupancy
74K
units
Occupied
69,897
94.2%
Vacant
4,342
5.8%
2024 Tenure
70K
occupied
Owner
48,659
69.6%
Renter
21,238
30.4%
Renter Share
30.4%
-1.0% YoY
Total Housing Units
74,239
+1.2% YoY
FY2026 Fair Market Rent — Yellowstone County
HUD government estimate (40th percentile) — not actual market asking rent.
Studio
$1,016
/month
1 BR
$1,109
/month
2 BR
$1,417
/month
3 BR
$1,951
/month
4 BR
$2,216
/month
FMR Trends — Yellowstone County
Source: HUD Fair Market Rents
Demographics
Median Age
39.0
2024
Population
ZIP Population
21,417
+5.9% YoY
Yellowstone County Population
171,583
+0.5% YoY
Households
Total Households
69,897
+0.9% YoY
Household Types
--
Not reported for this area (ACS).
Avg Household Size
2.37
0.0% YoY
Age
2024 Age Mix
169K
residents
Under 18
38,803
23.0%
Adults 18–64
99,262
58.7%
65 & Over
30,892
18.3%
Age Composition Over Time
2017–2024
Population growth (first year = 100)
Share of population (change in pp)
Under 18
Adults 18–64
65 & Over
Population Under 18
38,803
-0.1% YoY
Population 65 & Over
30,892
+3.5% YoY
Median Age
39.00
+0.8% YoY
Mobility & Veterans
2024 Residential Mobility
of residents
Same house
85.7%
Moved (within US)
14.1%
Other
0.2%
Veterans
9.3%
-1.1% YoY
Economy
Income
Median Household Income
$77K
+2.9% YoY
Per-Capita Income
$44K
+2.3% YoY
Mean Household Income
$105K
+2.5% YoY
Poverty
Below Poverty Level
9.2%
-9.8% YoY
Transportation to Work
2023 Commute Mode
of workers
Drove alone
77.9%
Public transit
0.9%
Worked from home
8.0%
Other
13.2%
Worked From Home
8.9%
+11.3% YoY
Mean Commute
18.60
0.0% YoY
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