Billings, MT
Billings, MT real estate market: appreciation, rent growth, cap rate, IRR, and property taxes.
Appreciation
: 3.8%/yr.
Rent growth
: 3.3%/yr.
Median cap rate
: 3.1%.
Median IRR
: 4.0%.
Median rental home value
: $300,700.
Median rental rate
: $1,117/mo.
Median property tax
: $2,760/yr.
Sources: FHFA House Price Index®, U.S. Census Bureau ACS 5-year estimates, and Rescover analysis of public single-family listings, updated September 2026.
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ZIP codes in Billings, MT
Rental market data for every ZIP code in this metro area.