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Home appreciation in Billings, MT

Over the five years ending 2025, home prices in Billings, MT grew an average of 8.6% a year.

Price growth at a glance

1-year

+1.8%

2025 over 2024. Montana: +4.0%.

5-year, per year

+8.6%

Average annual growth, 2020 to 2025. Montana: +10.8%.

10-year, per year

+5.9%

+78.0% in total since 2015. Montana: +7.9%.

How does your home compare?

Billings, MT home prices rose 78.0% over the ten years to 2025, while its ZIP codes ranged from +60.3% to +125.3%. Look up your home to see where it ranks among the homes around it.

Your first analysis is free.

A model-generated estimate and analytical context, not investment advice. Investing? Score any property free

How Billings, MT compares with Montana

Montana averaged +10.8% a year, putting Billings, MT behind the state overall. For five-year price growth, Billings, MT ranks 255th out of 409 metros nationwide and 5th out of 5 in Montana.

Index, 2005 = 100

Billings, MT and Montana, quarterly house price index rebased to 100 in 2005.
YearBillings, MTMontana
2005 Q1100100
2005 Q2104104
2005 Q3106107
2005 Q4108110
2006 Q1109113
2006 Q2112116
2006 Q3113119
2006 Q4115121
2007 Q1117124
2007 Q2119125
2007 Q3120127
2007 Q4122127
2008 Q1123129
2008 Q2123128
2008 Q3122126
2008 Q4124127
2009 Q1124128
2009 Q2124126
2009 Q3122123
2009 Q4122122
2010 Q1120120
2010 Q2120119
2010 Q3122120
2010 Q4123120
2011 Q1120116
2011 Q2119116
2011 Q3121116
2011 Q4121117
2012 Q1121117
2012 Q2122117
2012 Q3124118
2012 Q4126120
2013 Q1128121
2013 Q2127122
2013 Q3130124
2013 Q4129124
2014 Q1132125
2014 Q2132126
2014 Q3134129
2014 Q4135130
2015 Q1136130
2015 Q2138132
2015 Q3138133
2015 Q4143135
2016 Q1141136
2016 Q2143137
2016 Q3145139
2016 Q4145140
2017 Q1146142
2017 Q2147143
2017 Q3148146
2017 Q4149147
2018 Q1151149
2018 Q2150152
2018 Q3151154
2018 Q4152156
2019 Q1153157
2019 Q2156160
2019 Q3157162
2019 Q4159164
2020 Q1161166
2020 Q2160167
2020 Q3166172
2020 Q4169177
2021 Q1172183
2021 Q2183197
2021 Q3196212
2021 Q4205222
2022 Q1211231
2022 Q2231248
2022 Q3233252
2022 Q4234252
2023 Q1227252
2023 Q2240262
2023 Q3239263
2023 Q4241264
2024 Q1236267
2024 Q2246275
2024 Q3246275
2024 Q4244279
2025 Q1242282
2025 Q2247283
2025 Q3250288
2025 Q4251286
2026 Q1262290
2026 Q2258291

Chart through 2026 Q2. Annual growth figures through 2025.

Growth was stronger over the last five years than over the full decade: +5.9% a year over ten years, +78.0% in total.

Over this history, home prices never fell more than 2.5% from a prior peak.

The strongest year was 2022 at +20.2%, and the weakest was 2010 at -1.3%.

In 2025 alone the index moved +1.8%, against +4.0% for the state.

ZIP codes in Billings, MT

Over the ten years to 2025, the 9 ZIP codes FHFA measures in this metro ranged from +60.3% in 59106 to +125.3% in 59068, while the metro as a whole rose 78.0%.

ZIP codes in Billings, MT ranked by 10-year home-price change through 2025 Column headers are buttons: click to sort, click again to reverse, and a third time to restore the original order.
59068+8.3%+12.7%+8.5%+125.3%
59079+23.4%+12.8%+7.9%+114.6%
59019-2.6%+8.4%+6.2%+83.1%
59101+4.3%+8.9%+6.1%+80.8%
59105+3.7%+8.5%+5.6%+73.1%
59044-3.0%+7.8%+5.6%+72.0%
59102+0.4%+7.8%+5.5%+71.1%
59088-0.9%+7.4%+4.9%+61.2%
59106-0.3%+7.1%+4.8%+60.3%

What a home report shows

Enter an address and you get a score out of 10 for how the home ranks on appreciation potential against comparable homes in its market, with the nearby sales behind it. Here is one saved report.

Example report · saved October 14, 2026

165 N Canal St, Apt 1205, Chicago, IL 60606

Appreciation score

4.1 / 10

Around the median

Where it ranks

Ranks above about 41% of comparable homes in Chicago, IL for appreciation potential.

Price against nearby sales

Priced below most nearby sales, at $300 per square foot across 6 comparable sales.

Read the full example report

Year by year

Annual house price index for Billings, MT and Montana, 2005 = 100 Column headers are buttons: click to sort, click again to reverse, and a third time to restore the original order.
2005100.0—100.0
2006107.2+7.2%111.5
2007114.1+6.4%119.4
2008117.8+3.3%121.1
2009117.4-0.4%118.5
2010115.9-1.3%113.7
2011114.9-0.8%110.4
2012117.8+2.5%112.2
2013122.9+4.3%116.4
2014127.5+3.7%121.0
2015132.9+4.3%126.0
2016136.8+2.9%130.8
2017140.8+2.9%137.3
2018144.4+2.5%145.1
2019149.5+3.6%152.5
2020156.7+4.8%161.9
2021180.8+15.4%193.2
2022217.3+20.2%233.5
2023226.2+4.1%247.0
2024232.3+2.7%260.1
2025236.6+1.8%270.5

The 5 measured metros in Montana

Measured metros in Montana ranked by 5-year home-price appreciation through 2025 Column headers are buttons: click to sort, click again to reverse, and a third time to restore the original order.
#
1Missoula, MT+2.9%+11.6%+8.7%
2Helena, MT+4.5%+11.5%+8.2%
3Bozeman, MT+2.5%+11.0%+9.5%
4Great Falls, MT+4.2%+10.8%+7.3%
5Billings, MT+1.8%+8.6%+5.9%

Source & method: Metro figures: FHFA quarterly all-transactions index for metropolitan statistical areas and metropolitan divisions, annualized as the mean of the four quarterly (NSA) values. State figures: FHFA quarterly all-transactions index, annualized as the mean of the four quarterly (NSA) values. The chart uses quarterly readings, with each series set to 100 in the first quarter of 2005. ZIP figures: FHFA annual five-digit ZIP index (developmental), ZIPs with sufficient transaction history. Missing years are reported as missing by FHFA and are not estimated. Each ZIP is placed in the metro that holds the county with most of its housing units. “5-yr /yr” and “10-yr /yr” are compound annual growth over the window ending 2025; all figures are nominal. Data published by the FHFA House Price Index; this edition compiled 2026-10-17. Educational data, not investment advice.

See the Montana row in the state rankings, the county rankings, and, for why one metro number hides so much, why two homes in the same ZIP code appreciate differently.

How does your home compare?

See how your home ranks against nearby homes. Your first analysis is free.

Look up your home

Investing? Score any property free

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Measured FHFA data · chart through 2026 Q2