Billings, MT Rent To Own Homes

Rent-to-Own Homes in Billings, MT: What You Need to Know 

Billings is the largest city in Montana. Many young professionals have settled here, interested in starting families. The stable real estate market combined with a prosperous job market and quiet, nearby suburbs have made Billings ideal for family rearing. 

What is the Housing Availability in Billings, MT?

Billings has a strong and stable real estate market, one of the largest in the state. Single-family, detached homes are the most common type of housing unit, making up 61% of all units. Large apartment complexes are the second most common type. The median home price is $230,500, which is just under the state and national average. Just over half the residents own their home, rather than rent. Renting is also an affordable option – studio apartments cost around $605 per month, one-bedrooms are $715, and two bedrooms are $945.

Job Opportunities in Billings, MT

The job market in Billings is a steady force. The major industries are agriculture (specifically sugar beets, grain, cattle, and sheep), energy, retail and wholesale trade, and educational services. The largest employers in Billings are Yellowstone County Employment, Billings Clinic, and St. Vincent Healthcare. The average salary here is $70,000 per year, with an hourly rate of $30.

Schools in Billings, MT

Billings is well stocked with a wide variety of educational institutions. There are 46 public schools here, teaching nearly 20,000 students. For those uninterested in public facilities, there are also 14 private schools available, as well. Just under 2,000 students use these schools. 

For those seeking out higher education, there are 2 colleges located within the city and 18 colleges within a 200-mile radius of Billings. Montana State University Billings and Rocky Mountain College are the two schools within city limits.

Weather and Climate in Billings, MT

Residents of Billings enjoy a humid, continental climate meaning their summers are short, but hot and clear, while winters are ice-cold, windy, and partly cloudy. It is dry all year. It rains 129 days per year, though there is only 15” accumulated. May is the wettest month, with 18 rainy days. It snows for 65 days, accumulating 31” annually. February is the snowiest month, with 13 snow days. December is the coldest month, with temperatures frequently dipping down to 19°F. July is the warmest month, with peaks of 85°F.

What are the Best Neighborhoods in Billings, MT?

8,000 people call Lockwood home. The majority of these residents are families who enjoy a blend of suburban and rural, and good public schools. The median home value is $196,000 and the majority of residents own their homes. The median rent is $900.

Laurel is a quiet suburban town with nearly 7,000 residents, many of whom are families. The median home value is $174,000 and just over half the residents own their homes. The median rent is $830.

Shepherd is a small town popular with families. Just under 900 people have settled here for the quiet rural vibe and good public schools. The median home value is $246,000 and the majority of residents own their homes. The median rent is $715.