Billings, MT Real Estate

According to census data in the year 2000 there were 39,151 housing units in Billings. This represents a 8.9% growth from 35,964 in 1990.

Of those housing units, 39,124 were located in either urbanized areas or urban clusters, and 27 were located in what is classified as a rural area.

Homeownership rate in Billings is about 64%. Billings's vacancy rate, including seasonal lodging, is about 4.5%. Average household size is 2.32 people.

The majority of houses, apartments or condos in Billings were built after 1970.


Housing Size

Housing Units by Size
Studio Type2.50%
One Bedroom13.10%
Two Bedrooms30.20%
Three Bedrooms30.40%
Four Bedrooms17.10%
Five Bedrooms or more6.70%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.48
Median year structure was built1969
Median Value of occupied units$99,900
Median Price asked for vacant units$95,200

Rented Homes, Apartments and Condos

Average Household Size2.02
Median year structure was built1971
Median Monthly Rent asked for vacant units$358

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.20%
Second Mortgage9.40%
Home Equity Loan6.80%
Simple Mortgage53.80%
Debt Free29.90%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs18.2%