How much is a home worth in ZIP code 59101?

The typical home in 59101 is worth $329,469, based on the Zillow Home Value Index.

Are home values rising in 59101?

Home values in 59101 are up 1.9% over the past year, and up 6.4% a year over five years.

What is the typical rent in 59101?

A typical home in 59101 rents for about $1,230 a month, a gross rental yield of 4.5%.

What is the property tax rate in 59101?

The effective property tax rate in 59101 is 0.8% — roughly $2,718 a year on a typical home.

ZIP code 59101 has a population of 42,250 and a median household income of $58,598.

HousingHandbookReference data

…

U.S. ZIP Code · MT59101

Yellowstone County · Billings, MT

Typical home value

$329,469^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.9%
5-year / yr: +6.4%
10-year / yr: +5.2%

Relative price

vs U.S.: +16.0%
vs metro: -28.5%
vs state: -21.5%

Price history

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

The typical home in 59101 is worth $329,469 — 28.5% below the Billings, MT median. Over the past year, values have risen 1.9%. Homes here rent for a typical $1,230 a month — a 4.5% gross rental yield. The effective property tax rate is 0.8%.

#Rent & investment

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

Monthly rent: $1,230^[2]
Gross yield: 4.5%^[2]
Cap rate: 2.7%^[2]

#Property tax

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

Effective tax rate: 0.8%^[3]
Typical annual tax: $2,718^[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: 42,250^[3]
Median household income: $58,598^[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: 17
Elementary: 10
Middle: 5
High: 2

Billings Sr High School
High · Grades 9–12 · Billings H S
1,675 students
Lewis & Clark Middle School
Middle · Grades 6–8 · Billings Elem
727 students
Lockwood High School
High · Grades 9–12 · Lockwood K-12
556 students
Riverside Middle School
Middle · Grades 6–8 · Billings Elem
460 students
Lockwood Middle School
Middle · Grades 6–8 · Lockwood K-12
401 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.

Home value$Monthly rent$

Gross yield4.5%

Net yield (after ~40% expenses)2.7%

Annual rent$14,758

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.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,666

Loan principal$263,575

Down payment$65,894

Total interest paid$336,175

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.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.76

Monthly cost to own$2,166

Monthly rent$1,230

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: 25th percentile^[1]
Rental yield: 75th percentile^[2]
Property tax: 100th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 59101?: The typical home in 59101 is worth $329,469, based on the Zillow Home Value Index.
Are home values rising in 59101?: Home values in 59101 are up 1.9% over the past year, and up 6.4% a year over five years.
What is the typical rent in 59101?: A typical home in 59101 rents for about $1,230 a month, a gross rental yield of 4.5%.
What is the property tax rate in 59101?: The effective property tax rate in 59101 is 0.8% — roughly $2,718 a year on a typical home.
Who lives in 59101?: ZIP code 59101 has a population of 42,250 and a median household income of $58,598.

#Comparable ZIPs

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

59015 vs 59101 →
Mountain View Colony CDP, MT
Typical home
$368,979
Gross yield
—
59024 vs 59101 →
Custer CDP, MT
Typical home
$370,507
Gross yield
—
59044
Laurel, MT
Typical home
$374,411
Gross yield
3.9%
59006
Ballantine CDP, MT
Typical home
$377,307
Gross yield
—
59102
Billings, MT
Typical home
$380,010
Gross yield
4.5%
59014
Bridger, MT
Typical home
$388,812
Gross yield
—

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#Jump to section

U.S. ZIP Code · MT59101

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