Is Billings, MT a good place to invest in rental property?

Billings, MT has a median modeled monthly cash flow of $-1,154 and a median cap rate of 2.9%, on a median sold price of $380,000. Prices changed +2.7% year over year.

What is the average cap rate in Billings, MT?

The median cap rate across recently sold homes in Billings, MT is 2.9%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Billings, MT?

The median sold price in Billings, MT is $380,000 (about $189 per square foot).

Investing in Billings, MT Real Estate

A data-driven snapshot of the Billings, MT rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$380,000Median sold price

$189Median $/sqft

2.9%Median cap rate

$-1,154Modeled cash flow / mo

+2.7%Appreciation YoY

9.2Months of supply

1,565Active listings

2,052Sold (last 12 mo)

What the Billings numbers say

In Billings, MT, the median home sold for $380,000 (about $189 per square foot), and the typical deal models out to a 2.9% cap rate with a median $-1,154 of monthly cash flow. Sold prices moved +2.7% over the past year. Inventory sits at about 9.2 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Montana markets to compare

See Billings cash-flowing listings

CashFlowRE ranks every for-sale home in Billings, MT by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Billings deals, or browse the national market data.