Billings Emerging Housing Market

by Liz Nitz

View of Billings from the Rims. Courtesy Visitbillings.com.

Billings ranked No. 4 on Realtor.com and the Wall Street Journal’s latest Emerging Housing Markets index. They looked at metrics for housing market, economic vitality, and quality of life to come up with the list of cities that have great lifestyle amenities and are also expected to see home prices go up.

Billings is the largest city in Montana and has a much different vibe than Bozeman. It’s a proud, hard-working town that serves as an important hub for agricultural activity (sugar beets, grain and livestock) and the energy industry (natural gas, oil and coal).

What to Know About Billings, Montana

    • Population: 109,577 (U.S. Census Bureau 2019 estimate)
    • Median Home Price: $269,900 (Realtor.com)
    • Unemployment rate: 4.1% (Bureau Labor & Statistics)
    • Weather: Many locals refer to Billings as the sunbelt because of its relatively mild climate compared to other cities in Montana. You will see snow, about 59 inches a year, in the winter but it melts quickly and days are more sunny than not.
    • Healthcare: Many people retire to Billings from smaller, rural communities for the most advanced healthcare in Montana. There are two major hospitals (Billings Clinic and St. Vincent Healthcare) and more than 40 clinics.
    • Airport: Billings Logan International Airport has direct service to major cities like San Diego, Las Vegas, Phoenix, Minneapolis and Chicago. It will unveil a new $55 million terminal in November 2021 that will house three additional gates.

Stay/Eat/Play

Northern Hotel: A historic luxury hotel in the heart of downtown. Stylish rooms, great lobby for hanging out and two restaurants – Bernie’s Diner for casual breakfast/lunch and TEN for fine dining. 19 N. Broadway (406)867-6767.

The Rimrocks: These sandstone formations that run along Billings are called “the Rims” by locals. There’s a great paved trail that runs along the top where you can hike, bike or just walk and take in a 360-degree view of the city.

Yellowstone Art Museum: YAM is the largest contemporary art museum in Montana with an impressive permanent collection and a diversity of exhibitions for all art lovers. 401 N. 27th St. (406)256-6804.

Desmond’s The Store for Men and Brockel’s Chocolates: These two shops are just a fun nod to the past. Desmond’s has the kind of full-service shopping that you don’t see anymore- you’ll feel like you have your own personal shopper/tailor. Brockel’s is a local, handmade candy shop that makes you feel like a kid again. 2819 2nd Avenue North (406) 245-4612 and 117 N 29th St. (406) 248-2705.

Harper & Madison: Super cute downtown lunch spot for fresh salads, sandwiches and coffee. It’s close to Billings Clinic and St. Vincent and Pioneer Park, which has the best playground in Billings. 3115 10th Avenue North (406) 281-8550.

The Annex Coffeehouse & Bakery and The Fieldhouse: Do not leave town without hitting these two adjacent spots. Annex has craft coffee and amazing, house-made bread and pastries. The Fieldhouse has things that you normally don’t find on most menus in Billings like roasted artichokes with romesco, preserved lemon, puffed amaranth and nutritional yeast. 2601 Minnesota Ave. (406) 371-5904.

The Burger Dive: There’s usually a line at this divey burger joint with great burgers and fries. The “I’m Your Huckleberry” burger won the top prize in the World Food Championships in 2016 and it was featured on Travel Channel’s “Man Vs. Food.” 114 N. 27th St. (406) 281-8292.

 

Bozeman’s housing market saw a flood of new buyers in 2020 and the recent index shows that buyers are extending their searches to emerging housing markets like Billings. If you have any questions about the real estate picture in Bozeman or other towns in Montana, feel free to email me at liz@windermere.com.

 

 

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2238 Baxter Lane 8, Bozeman, Montana 59718

2238 Baxter Lane 8, Bozeman, Montana 59718

2Bedroom(s)
2Bathroom(s)
970Sqft
This cozy, well-maintained, and bright second level 2 Bed, 2 Bath condo boasts it all from new LVP flooring throughout the kitchen and living room to its convenient proximity to shopping, parks, and schools. Enjoy the mountain view from the covered balcony before heading to the nearby walking trails. Easy access to the detached single car garage and private parking space.
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1755 Windrow Drive, Bozeman, Montana 59718

1755 Windrow Drive, Bozeman, Montana 59718

4Bedroom(s)
2Bathroom(s)
0.02Acre
2,100Sqft
Modern, single level living in Flanders Mill! This like-new home boasts soaring ceilings, an entertainer’s kitchen with quartz countertops, and stainless steel appliances coupled with a thoughtful and open floor plan.
$1,099,000

5408 May Fly Street, Bozeman, Montana 59718

5408 May Fly Street, Bozeman, Montana 59718

3Bedroom(s)
2Bathroom(s)
0.14Acre
1,796Sqft
Don't miss out on this rare opportunity to own a single family home in Bozeman listed under $700,000 with mountain views! This well laid out, 1796 sq ft Norton Ranch home features 3 generously sized bedrooms, 2.5 bathrooms, large closets, and an open floor plan on the ground floor. The fenced back yard gives plenty of privacy while still getting plenty of sun year round.
$695,000

2400 W Durston Road 40, Bozeman, Montana 59715

2400 W Durston Road 40, Bozeman, Montana 59715

3Bedroom(s)
2Bathroom(s)
1,820Sqft
Appealing Willowbrook condo with updated luxury vinyl plank flooring in kitchen, dining area and living room. Full kitchen appliance package plus a washer and dryer. Gas fireplace serves dining and living room areas. Large east facing patio for enjoyment in the summer. First floor master with double closets. The two bedrooms on the second floor share a full bath. Two car garage.
$539,000

743 Loxley Drive, Bozeman, Montana 59718

743 Loxley Drive, Bozeman, Montana 59718

5Bedroom(s)
2Bathroom(s)
0.19Acre
2,348Sqft
Location, main level master and a 3 car tandem garage are just a few of the reasons you have to tour this property for yourself! Vaulted ceilings, five bedrooms, two and half bath with over 2,000 sq ft. this floor plan allows for a variety of options to suit your needs. Directly out the backdoor leads you to a patio with a pergola great for entertaining in the backyard.
$829,900

2526 Maiden Star Lane, Bozeman, Montana 59715

2526 Maiden Star Lane, Bozeman, Montana 59715

3Bedroom(s)
2Bathroom(s)
0.20Acre
2,455Sqft
The Legends home you have been waiting for! 3 bedroom 2 1/2 bath, high end custom built by DK Homes. Fantastic location close to neighborhood trails that link to the M/town trail and Story Mill Park. Minutes to Main Street and Bridger Bowl. This home features an open floor plan showcasing rock fireplace with soaring vaulted ceilings.
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3801 Renova Lane, Bozeman, Montana 59718

3801 Renova Lane, Bozeman, Montana 59718

3Bedroom(s)
2Bathroom(s)
0.14Acre
1,242Sqft
Currently the ONLY single family home in Bozeman city limits under $600,000! This single level three bedroom, two bath home is situated in Oak Springs subdivision, directly across from the neighborhood park and within close proximity to the Gallatin County Regional Park.
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114 Michael Grove, Bozeman, Montana 59718

114 Michael Grove, Bozeman, Montana 59718

3Bedroom(s)
2Bathroom(s)
0.08Acre
1,354Sqft
Looking for a great investment, home for your college students or just a great deal in an increasingly competitive market??? Well, look no further. This townhome is 3 beds, 2 full baths, great back yard ready for your personal touch. Located conveniently to all things Bozeman, this centrally located home gives you access to wherever you need to go.
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4616 Danube Lane, Bozeman, Montana 59718

4616 Danube Lane, Bozeman, Montana 59718

4Bedroom(s)
3Bathroom(s)
0.42Acre
3,834Sqft
Highly sought after Baxter Meadows West location! If you're looking to be in the heart of Bozeman's energy, look no farther! Conveniently located just blocks from Bozeman schools, the neighborhood park, Bozeman Sports Park, Gallatin Regional Park, Dog Park, pump track & Dinosaur Park...it's a rare find! Situated on just over 0.
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