Housing Market in Billings
Billings' 2026 housing market runs genuinely close to national parity rather than offering a substantial discount -- Zillow's cited average home value ran approximately $398,212 against a cited national median of approximately $408,776 -- while remaining substantially more affordable than Bozeman within Montana.
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Learn moreA Genuinely Modest Discount to the National Median
Zillow's cited average home value ran approximately $398,212 (up ~1.9% YoY, as of April 30, 2026) -- only about 2.6% below the ~$408,776 national median comparison figure this project uses consistently, a real, honestly disclosed, more modest affordability picture than several of this project's other Tier A+ markets.
A Real, Substantial Discount Versus Bozeman
Bozeman's own cited Zillow average home value ran approximately $733,959 (down ~0.9% YoY, as of June 30, 2026) -- Billings' average runs roughly 46% below Bozeman's, a real, genuine, disclosed relative-affordability advantage within Montana even though Billings does not undercut the national figure by a wide margin.
Modest Intra-City and ZIP-Level Variation
Real, cited variation across the specific ZIP codes and neighborhoods this record could confirm ran from approximately $382,316 (ZIP 59102) to approximately $421,032 (ZIP 59105), with the 'Heights Billings, MT' Zillow-defined neighborhood at approximately $408,221 -- a genuinely modest spread compared to some other Tier A+ markets in this project's dataset.
A Brisk-Moving Market
Zillow cited homes going to pending in around 19 days as of this research pass -- a real, cited indicator of a genuinely active, brisk-moving market rather than a slow or stagnant one.
Neighborhood-Level Variance Beyond These Citations Was Not Researched to Comparable Depth This Pass
This record did not independently research Billings neighborhood-level price variance beyond the specific ZIP/neighborhood citations above to comparable depth this pass -- see the best-areas topic page for what this record did confirm, and buyers should confirm current, specific listing and closed-sale data directly for a target neighborhood.
Key takeaways
- Billings' cited average home value (~$398,212) ran only about 2.6% below the national median -- a genuinely modest discount, not a bargain.
- Billings runs roughly 46% below Bozeman's own average home value, a real, substantial relative-affordability advantage within Montana.
- Real, cited ZIP-level variation within Billings ran from approximately $382,316 to approximately $421,032, a genuinely modest spread.
- Homes went to pending in around 19 days as of this research pass, indicating a brisk-moving market.
- This record did not research Billings neighborhood-level price variance beyond these specific citations in comparable depth this pass -- confirm current, address-specific data directly.
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