Rental numbers for the Billings, MT metro
The typical home here runs -$1,684 a month at 7.78% with 25% down. 0 of 5 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 4.4%.
- Gross yield
- 4.2%
- typical home, Zillow
- Median ZIP yield
- 4.4%
- 5 ZIPs with full data
- Cash flow
- -$1,684/mo
- at 7.78%, 25% down
- Typical price
- $410,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,426/mo
- Zillow ZORI, Aug 2026
ZIP codes in the metro
26 with published figures
| 59074Ryegate | $236,000 | $1,280* | 6.5% | 3.2% | -$639 | n/a |
| 59079Shepherd | $471,000 | $1,980* | 5.0% | 2.3% | -$1,656 | n/a |
| 59015Acton | $382,000 | $1,460* | 4.6% | 2.0% | -$1,436 | n/a |
| 59069Reed Point | $490,000 | $1,840* | 4.5% | 2.0% | -$1,837 | n/a |
| 59102Billings | $382,000 | $1,430 | 4.5% | 1.5% | -$1,581 | +2.1% |
| 59044Laurel | $375,000 | $1,390 | 4.5% | 1.7% | -$1,497 | n/a |
| 59101Billings | $333,000 | $1,229 | 4.4% | 1.3% | -$1,428 | +5.3% |
| 59024Custer | $391,000 | $1,430* | 4.4% | 1.5% | -$1,631 | n/a |
| 59029Fromberg | $390,000 | $1,390* | 4.3% | 1.7% | -$1,539 | n/a |
| 59008Belfry | $426,000 | $1,490* | 4.2% | 1.8% | -$1,665 | n/a |
| 59088Worden | $406,000 | $1,390* | 4.1% | 1.2% | -$1,779 | n/a |
| 59006Ballantine | $386,000 | $1,240* | 3.9% | 0.7% | -$1,845 | n/a |
| 59105Billings | $419,000 | $1,342 | 3.8% | 1.1% | -$1,891 | +4.9% |
| 59106Billings | $543,000 | $1,712 | 3.8% | 1.1% | -$2,416 | +0.9% |
| 59014Bridger | $405,000 | $1,240* | 3.7% | 1.1% | -$1,814 | n/a |
| 59041Joliet | $546,000 | $1,670* | 3.7% | 1.3% | -$2,338 | n/a |
| 59001Absarokee | $449,000 | $1,280* | 3.4% | 1.0% | -$2,054 | n/a |
| 59037Huntley | $496,000 | $1,370* | 3.3% | 0.8% | -$2,354 | n/a |
| 59063Park City | $517,000 | $1,430* | 3.3% | 0.9% | -$2,401 | n/a |
| 59061Nye | $560,000 | $1,530* | 3.3% | 0.9% | -$2,577 | n/a |
| 59070Roberts | $578,000 | $1,550* | 3.2% | 1.0% | -$2,618 | n/a |
| 59019Columbus | $474,000 | $1,240* | 3.1% | 0.7% | -$2,274 | n/a |
| 59028Fishtail | $600,000 | $1,460* | 2.9% | 0.9% | -$2,807 | n/a |
| 59057Molt | $593,000 | $1,440* | 2.9% | 0.6% | -$2,896 | n/a |
| 59071Fishtail | $519,000 | $1,240* | 2.9% | 0.6% | -$2,537 | n/a |
| 59068Red Lodge | $526,000 | $1,240* | 2.8% | 0.4% | -$2,640 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +2.7%
- Rent, 12 months
- +3.3%
- Rent minus price growth
- +0.6 pts
- Property tax
- 0.60%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $319,766 | $1,103 |
| Aug 2022 | $373,312 | $1,255 |
| Aug 2023 | $387,719 | $1,290 |
| Aug 2024 | $393,801 | $1,335 |
| Aug 2025 | $399,105 | $1,381 |
| Aug 2026 | $409,829 | $1,426 |
Counties
- Stillwater County, MTn/a median yield
- Yellowstone County, MT4.4% median yield
- Carbon County, MTn/a median yield
- Sweet Grass County, MTn/a median yield
- Golden Valley County, MTn/a median yield
Tools
Questions
- Is the Billings, MT metro good for rental property?
- The typical home here runs -$1,684 a month at 7.78% with 25% down. 0 of 5 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 4.4%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Billings, MT metro have the highest rental yield?
- 59102 (Billings) at 4.5%, 59044 (Laurel) at 4.5%, 59101 (Billings) at 4.4%, on Zillow value and rent. The full table above sorts by any column.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.