Property Prices in Billings, MT, United States

Index Info
Price to Income Ratio: 2.87
Mortgage as Percentage of Income: 24.90%
Loan Affordability Index: 4.02
Price to Rent Ratio - City Centre: 9.26
Price to Rent Ratio - Outside of Centre: 9.83
Gross Rental Yield (City Centre): 10.79%
Gross Rental Yield (Outside of Centre): 10.18%
Rent Per Month
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1 Bedroom Apartment in City Centre $1,176.00 1,100.00-1,400.00
1 Bedroom Apartment Outside of City Centre $944.50 928.00-1,250.00
3 Bedroom Apartment in City Centre $2,104.00 1,700.00-2,500.00
3 Bedroom Apartment Outside of City Centre $1,835.20 1,500.00-2,100.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre $220.25 213.02-235.00
Price per Square Feet to Buy Apartment Outside of Centre $194.86 182.00-213.02
Salaries And Financing
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Average Monthly Net Salary (After Tax) $3,888.00
Annual Mortgage Interest Rate (20-Year Fixed, in %) 6.10 6.00-8.00

These data are based on 68 entries from 14 contributors over the past 18 months.
Last update: 5 June 2026

Sources and References
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