Billings, MT home prices
Typical home $409,623 · +2.6% in a year · income needed $115,100
The Billings, MT metro area ranks 139 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +2.6% in a year and +26.8% over five years. With 20% down at 7.11%, the typical home costs about $2,686 a month including 0.81% property tax (Yellowstone County rate).
Mortgage on the typical Billings home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $81,925 | $327,698 | $2,204 | $0 | $481 | $2,686 | $115,100 |
| 10% down | $40,962 | $368,661 | $2,480 | $154 | $481 | $3,115 | $133,500 |
| 5% down | $20,481 | $389,142 | $2,618 | $162 | $481 | $3,261 | $139,800 |
| 3.5% down (FHA) | $14,337 | $402,204 | $2,706 | $181 | $481 | $3,368 | $144,400 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.81% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Billings area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Yellowstone County, MT | $401,522 | +2.3% | 0.81% |
| Carbon County, MT | $504,796 | +3.7% | 0.54% |
| Stillwater County, MT | $487,371 | +10.8% | 0.57% |
What can you afford in Montana on your salary? · Montana home prices · Salaries in Montana
Frequently asked questions
How much is a house in Billings?
The typical home in the Billings, MT metro area is worth $409,623 (Zillow, September 2026).
What salary do you need to buy a house in Billings?
About $115,100 a year for the typical home with 20% down at 7.11%.