Billings is the largest city in Montana, which is why the housing market is more active and in higher demand compared to other areas.

As of March 2023, the average housing price in Billings was reported to be between approximately $400,000 and $450,000, which is definitely higher than the overall average in Montana of $350,000 to $400,000. This shows that Billings is a city where residential demand is concentrated within the state.

In fact, Montana is considered one of the states with lower home prices in the United States overall. Compared to high-cost areas like California, New York, and Washington D.C., the prices are much lower. However, not all areas are equally cheap, and there are clear differences between cities and regions.

Cities like Billings, Bozeman, and Helena have relatively high home prices, especially Bozeman, which is a college town where housing demand has steadily increased, leading to a noticeable rise in prices over the past few years.

On the other hand, in rural areas or small towns, it is not uncommon to find home prices below $200,000.

In recent years, the influx of people moving to Montana from outside has invigorated the overall housing market.

Particularly around cities or major living areas, demand continues to rise, and home prices are on an upward trend. However, despite this, finding a home in Montana is still relatively less burdensome compared to major cities in the United States.

In summary, Billings is a city that shows higher price levels than the average in Montana, and there is a significant difference in home prices depending on whether it is urban or rural.

With the influx of outsiders and changes in the local economy, it is expected that home prices will continue to fluctuate, but on a national scale, it can still be said to be a region that maintains "reasonable home prices."