Aug 2026
$388K
+1.6% year-over-year
How it’s calculated
Rolling 3-month median sale price vs. same 3 months one year prior.
Billings, MT
Daily-refreshed real estate signals + Three-Opinion home-price methodology for Billings, MT. Built for agents; free to read.
Billings, MT’s median sale price is $388K as of Aug 2026 — +1.6% year over year. Pecan Street tracks Billings with its Three-Opinion home-price methodology (Redfin, FHFA HPI, and Zillow ZHVI), with no market signals flagged right now.
Headline
Sep 18, 2026
7.04%
30-year fixed
Where it comes from
National benchmark: Optimal Blue OBMMI 30-year conforming, via FRED. An average of rates borrowers have actually locked, updated daily.
The same rate appears on every market page.
Principal & interest
$2,074/mo
$89K/yr income needed
How it’s calculated
Payment — this market’s median sale price with 20% down, on a 30-year fixed loan at the rate shown. Principal and interest only — no property tax, insurance, PMI or HOA.
Income needed — that payment at 28% of gross income. A rule of thumb, not a lending decision.
How Billings compares to other U.S. metros
| Price cuts | ↓148th of 194 |
|---|---|
| Price-to-rent | ↑70th of 195 (top 36%) |
| Days on market | 113th of 194 |
| Home-price growth | 102nd of 195 |
Rank across the U.S. metros Pecan Street tracks, on market data alone — a higher rank means more of that measure (more price cuts, faster price growth, a wider asking-vs-sale gap, a higher price-to-rent ratio, or more days on market). The bar shows where this metro sits within that metric’s own cohort (left is more, right is less); ↑ and ↓ mark the positions furthest from the middle, and rows are ordered the same way. Metrics without data for this metro are omitted.
Affordability
| Price-to-rent ratio | ≈ 17 -1.7% YoY ↑70th of 195 (top 36%) |
|---|---|
| Asking price / sq ft | $236 +8.0% YoY |
Price-to-rent divides the median sale price by the annual HUD Fair Market Rent (a 3-bedroom, 40th-percentile benchmark), so it is a directional rent-vs-buy read, not a cap rate; its year-over-year change is directional in the same way. Asking price per square foot is the median across active for-sale listings (Realtor.com), as of Aug 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market pressure
| Listings with a price cut | ≈ 31% -4.0 pts YoY ↓148th of 194 |
|---|---|
| New housing units permitted | 67 |
Price-cut share is the portion of active for-sale listings that have taken a price reduction (Realtor.com), as of Aug 2026. New housing units authorized by residential building permits in the metro that month — new supply in the pipeline, which counts of existing listings don't capture (US Census Bureau, Building Permits Survey), as of Jul 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market facts
| ZIPs with listing data | 6 shown of 30 |
|---|---|
| MLS board of record | — |
| Price methodology | Three-Opinion · Redfin · FHFA HPI · Zillow ZHVI |
| Data as of | Aug 2026 |
Recent signals
No signals flagged for this market right now.
Price reconciliation
amber · 2.8ppRedfin (city) +1.6% | FHFA HPI · Q2 2026 +4.4% |
Year-over-year home-price change from two independent methods — Redfin (monthly sold price) and FHFA (quarterly repeat-sales index). When they diverge, the market is mid-shift; cite the figure with that in mind.
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Start free trialZIP-level data
| ZIP | Median list price | Active listings | New listings | Price reductions | Days on market | Home value |
|---|---|---|---|---|---|---|
| 59044 | $394K↓ | 39↓ | 20 | 8↓ | 32↓ | $374K↑ |
| 59068 | $654K↓ | 100↑ | 8↑ | 24↑ | 113↑ | $525K↑ |
| 59101 | $420K↑ | 132↓ | 44↑ | 56↓ | 44↓ | $334K↑ |
| 59102 | $385K↓ | 148↓ | 76↓ | 48↓ | 36↑ | $383K↑ |
| 59105 | $450K↑ | 121↑ | 40 | 44↑ | 51↑ | $419K↑ |
| 59106 | $620K↓ | 181↑ | 40↑ | 48↑ | 52↓ | $544K↑ |
ZIP figures from Realtor.com listing data; home value from Zillow ZHVI. ZIP codes shown have the most complete listing-data history and active for-sale inventory in this metro; the latest available month is shown per ZIP. Arrows show the direction of each figure against the same three months a year earlier; no arrow means the change rounds to zero or the comparison isn't available.