Billings, MT Real Estate
According to census data in the year 2000 there were 39,151 housing units in Billings.
This represents a 8.9% growth from 35,964 in 1990.
Of those housing units, 39,124 were located in either urbanized areas or urban clusters, and 27 were located in what is classified as a rural area.
Homeownership rate in Billings is about 64%.
Billings's vacancy rate, including seasonal lodging, is about 4.5%.
Average household size is 2.32 people.
The majority of houses, apartments or condos in Billings were built after 1970.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.50% |
| One Bedroom | 13.10% |
| Two Bedrooms | 30.20% |
| Three Bedrooms | 30.40% |
| Four Bedrooms | 17.10% |
| Five Bedrooms or more | 6.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.48 |
| Median year structure was built | 1969 |
| Median Value of occupied units | $99,900 |
| Median Price asked for vacant units | $95,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.02 |
| Median year structure was built | 1971 |
| Median Monthly Rent asked for vacant units | $358 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 9.40% |
| Home Equity Loan | 6.80% |
| Simple Mortgage | 53.80% |
| Debt Free | 29.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.2% |
