HousingHandbookReference data

U.S. ZIP Code · MT59037

Yellowstone County · Billings, MT

Typical home value

$486,362[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+3.6%
5-year / yr
+6.5%
10-year / yr
+5.7%

Relative price

vs U.S.
+71.2%
vs metro
+5.5%
vs state
+15.9%
ZIP 59037 location in MT
Location of ZIP 59037 in MT

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 59037 is worth $486,362 — 5.5% above the Billings, MT median. Over the past year, values have risen 3.6%. The effective property tax rate is 0.6%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.6%[3]
Typical annual tax
$2,792[3]

#Climate risk

FEMA National Risk Index ratings for Yellowstone County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Moderate[4]
Riverine flood
Relatively Moderate
Coastal flood
Not Applicable
Wildfire
Relatively Moderate
Drought
Relatively Low
Heat wave
Relatively Low
Hurricane
Not Applicable
Tornado
Relatively Low
Earthquake
Relatively Low
Winter weather
Very High

#Who lives here

Population
2,336[3]
Median household income
$105,099[3]

#Migration

Household moves in and out of Yellowstone County over a year, from IRS tax-return data.

Net migration
+306[5]
Moved in
4,072
Moved out
3,766

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$2,459
Loan principal$389,090
Down payment$97,272
Total interest paid$496,263

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$3,096
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
29th percentile[1]
Rental yield
[2]
Property tax
57th percentile[3]

Frequently asked

How much is a home worth in ZIP code 59037?
The typical home in 59037 is worth $486,362, based on the Zillow Home Value Index.
Are home values rising in 59037?
Home values in 59037 are up 3.6% over the past year, and up 6.5% a year over five years.
What is the property tax rate in 59037?
The effective property tax rate in 59037 is 0.6% — roughly $2,792 a year on a typical home.
Who lives in 59037?
ZIP code 59037 has a population of 2,336 and a median household income of $105,099.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Roscoe CDP, MT

    Typical home
    $490,517
    Gross yield
  • Reed Point CDP, MT

    Typical home
    $475,327
    Gross yield
  • Park City CDP, MT

    Typical home
    $499,582
    Gross yield
  • Shepherd CDP, MT

    Typical home
    $463,880
    Gross yield
  • Columbus, MT

    Typical home
    $461,006
    Gross yield
  • Red Lodge, MT

    Typical home
    $524,645
    Gross yield

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 59037 against any other ZIP — full side-by-side table.

Compare 59037

#Jump to section