Billings, MT · Montana
Yellowstone County
ZIP 59088
167,340 residents1,089 permits TTM$74,400 median HHI12 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$317,600
ACS 5-Year
Cap rate proxy
4.1%
FMR × 0.65 ÷ Home Value
Rent-to-income
17.5%
HUD FMR ÷ ACS HHI
Net migration
+1.23%
IRS SOI
Permits (TTM)
1,089
Census BPS
Climate risk
83.6
FEMA NRI (0–100)
ZIP 59088
Median home value
—
Gross yield
—
Buy Box score
0.3
Section 8 gap
—
Affordability
P/I: 5.2R/I: —
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown12 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate ↓ | Rent gap |
|---|---|---|---|---|---|
| 59102 | — | — | — | 4.6% | — |
| 59101 | — | — | — | 4.4% | — |
| 59002 | — | — | — | 4.1% | — |
| 59006 | — | — | — | 4.1% | — |
| 59015 | — | — | — | 4.1% | — |
| 59024 | — | — | — | 4.1% | — |
| 59105 | — | — | — | 3.6% | — |
| 59044 | — | — | — | 3.5% | — |
| 59106 | — | — | — | 3.5% | — |
| 59088 | — | — | — | 3.4% | — |
| 59079 | — | — | — | 2.9% | — |
| 59037 | — | — | — | 2.7% | — |
Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.
Demographics
Owner-occupied
69.3%
Census ACS
Vacancy rate
5.6%
Census ACS
Bachelor's degree +
33.9%
Census ACS
Rent burdened
45.4%
Census ACS (>30% income)
Median age
38.7
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026