HousingHandbookReference data

U.S. ZIP Code · MT59079

Yellowstone County · Billings, MT

Typical home value

$463,880[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+3.1%
5-year / yr
+6.7%
10-year / yr
+5.7%

Relative price

vs U.S.
+63.3%
vs metro
≈ metro median
vs state
+10.6%
ZIP 59079 location in MT
Location of ZIP 59079 in MT

Price history

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

The typical home in 59079 is worth $463,880. Over the past year, values have risen 3.1%. 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
$2,743[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
3,940[3]
Median household income
$68,047[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
3
Elementary
1
Middle
1
High
1
  • Shepherd Elementary

    Elementary · Grades PK–5 · Shepherd Elem

    371 students

  • Shepherd High School

    High · Grades 9–12 · Shepherd H S

    244 students

  • Shepherd Middle School

    Middle · Grades 6–8 · Shepherd Elem

    200 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 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$2,346
Loan principal$371,104
Down payment$92,776
Total interest paid$473,323

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$2,960
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
33rd percentile[1]
Rental yield
[2]
Property tax
65th percentile[3]

Frequently asked

How much is a home worth in ZIP code 59079?
The typical home in 59079 is worth $463,880, based on the Zillow Home Value Index.
Are home values rising in 59079?
Home values in 59079 are up 3.1% over the past year, and up 6.7% a year over five years.
What is the property tax rate in 59079?
The effective property tax rate in 59079 is 0.6% — roughly $2,743 a year on a typical home.
Who lives in 59079?
ZIP code 59079 has a population of 3,940 and a median household income of $68,047.

#Comparable ZIPs

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

  • Columbus, MT

    Typical home
    $461,006
    Gross yield
  • Reed Point CDP, MT

    Typical home
    $475,327
    Gross yield
  • Huntley CDP, MT

    Typical home
    $486,362
    Gross yield
  • Roscoe CDP, MT

    Typical home
    $490,517
    Gross yield
  • Absarokee CDP, MT

    Typical home
    $431,520
    Gross yield
  • Park City CDP, MT

    Typical home
    $499,582
    Gross yield

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