property
$500K-$700K Homes: Where Billings Buyers Find Three-Bedroom Deals
First-time buyers in Billings can target specific neighborhoods where budgets from $500,000 to $700,000 secure three- and four-bedroom homes with garages and yards.
How we reported this
Buyers spending between $500,000 and $700,000 in Billings now secure three-bedroom homes with attached garages in several established neighborhoods.
National economic shifts have kept local mortgage rates near 6.1 percent through June 2026, which has pushed more first-time purchasers to examine exact square footage and lot sizes rather than chase distant suburbs. The Billings market recorded 1,142 single-family sales in the first half of 2026, up 9 percent from the same period last year, according to Yellowstone County deed records.
The Montana Board of Housing continues to offer down-payment assistance through its First Home program, while the city’s own Billings Housing Authority runs a separate grant that covers up to $15,000 in closing costs for households earning under $92,000. Both programs list eligibility rules on their websites and require pre-approval before offers are submitted.
Neighborhood price comparisons
In the Billings Heights, a 1,650-square-foot ranch built in 1978 on 32nd Street West closed at $535,000 last month and included a fenced backyard plus a two-car garage. Further west, the same budget reaches 1,900 square feet near the Rimrocks on 24th Street West, where recent sales show homes with updated kitchens selling between $590,000 and $645,000.
South Billings listings near the MetraPark arena currently list 1,400-square-foot bungalows on 6th Avenue South for $510,000 to $560,000. Moving north into the West End, buyers paying $675,000 can obtain a 2,100-square-foot two-story on 17th Street West with a finished basement and proximity to the Yellowstone River trail system.
County assessor data shows average price per square foot in Billings reached $298 in May 2026, with the Heights posting the lowest at $274 and the West End the highest at $321. These figures come from verified sale records filed through the end of June.
Next steps for buyers
Prospective purchasers should contact the Montana Board of Housing before touring properties to confirm current grant funding levels. Local lenders report that applications processed before August 1 receive priority review for the remaining 2026 allocation.
Checking recent comparable sales on the Yellowstone County website and scheduling inspections on streets with older plumbing remains the most direct route to closing within the $500,000 to $700,000 range.
This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.