Median Home PriceBETTER
$390,156.44
Median RentBETTER
$1,430.51/mo
Price-to-Rent RatioBETTER
22.7
Property Tax RateTIE
0.83%
Price Change (1Y)BETTER
+0.8%
Price Change (5Y)BETTER
+3.8%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$308,709
Median Home Price
$683,515.05
Median Rent
$2,137.23/mo
Price-to-Rent Ratio
26.7
Property Tax RateTIE
0.83%
Price Change (1Y)
-2.6%
Price Change (5Y)
-13.2%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$512,534
Key Differences
Home Prices
Billings's median home price of $390,156.44 is lower than Bozeman's $683,515.05 by 43%.
Monthly Rent
Renting in Billings costs $1,430.51/mo compared to $2,137.23/mo in Bozeman—a difference of $706.72/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.