HousingHandbookReference data

U.S. ZIP Code · MT59044

Yellowstone County · Billings, MT

Typical home value

$374,411[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+0.5%
5-year / yr
+5.8%
10-year / yr
+5.4%

Relative price

vs U.S.
+31.8%
vs metro
-18.8%
vs state
-10.8%
ZIP 59044 location in MT
Location of ZIP 59044 in MT

Price history

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

The typical home in 59044 is worth $374,411 — 18.8% below the Billings, MT median. Over the past year, values have risen 0.5%. Homes here rent for a typical $1,207 a month — a 3.9% gross rental yield. 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
$1,207[2]
Gross yield
3.9%[2]
Cap rate
2.3%[2]

#Property tax

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

Effective tax rate
0.6%[3]
Typical annual tax
$2,179[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
12,302[3]
Median household income
$87,648[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

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
5
Elementary
3
Middle
1
High
1
  • Laurel High School

    High · Grades 9–12 · Laurel H S

    609 students

  • Laurel Middle School

    Middle · Grades 5–8 · Laurel Elem

    551 students

  • West School

    Elementary · Grades 1–2 · Laurel Elem

    264 students

  • Fred W Graff School

    Elementary · Grades 3–4 · Laurel Elem

    237 students

  • South School

    Elementary · Grades PK–K · Laurel Elem

    152 students

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 yield3.9%
Net yield (after ~40% expenses)2.3%
Annual rent$14,480

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$1,893
Loan principal$299,529
Down payment$74,882
Total interest paid$382,033

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 ratio1.98
Monthly cost to own$2,386
Monthly rent$1,207

Renting is meaningfully cheaper month-to-month.

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
13th percentile[1]
Rental yield
50th percentile[2]
Property tax
61st percentile[3]

Frequently asked

How much is a home worth in ZIP code 59044?
The typical home in 59044 is worth $374,411, based on the Zillow Home Value Index.
Are home values rising in 59044?
Home values in 59044 are up 0.5% over the past year, and up 5.8% a year over five years.
What is the typical rent in 59044?
A typical home in 59044 rents for about $1,207 a month, a gross rental yield of 3.9%.
What is the property tax rate in 59044?
The effective property tax rate in 59044 is 0.6% — roughly $2,179 a year on a typical home.
Who lives in 59044?
ZIP code 59044 has a population of 12,302 and a median household income of $87,648.

#Comparable ZIPs

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

  • Ballantine CDP, MT

    Typical home
    $377,307
    Gross yield
  • Custer CDP, MT

    Typical home
    $370,507
    Gross yield
  • Mountain View Colony CDP, MT

    Typical home
    $368,979
    Gross yield
  • Billings, MT

    Typical home
    $380,010
    Gross yield
    4.5%
  • Bridger, MT

    Typical home
    $388,812
    Gross yield
  • Fromberg, MT

    Typical home
    $396,963
    Gross yield

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