Mortgage payment estimates, closing cost breakdowns, and homebuying data for Billings, Montana.
Pre-filled with Billings median home price and Montana tax/insurance rates. Adjust for your property.
Estimated closing costs based on Montana rates and fees applied to Billings prices.
The median home price in Billings is $345,000, 20% below the Montana state median of $430,000. With a population of 119,116, Billings is a mid-size city where home prices tend to be more accessible than in many parts of Montana.
Property taxes in Montana average 0.74% annually. This moderate property tax rate means a $345,000 home in Billings would carry roughly $213/month in property taxes. Homeowners insurance in Montana runs approximately $2,100 per year. This is within the normal range nationally.
Average rent in Billings is $1,280/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Billings presents moderate affordability. The $345K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.