Median Home Price
$390,156.44
Median Rent
$1,430.51/mo
Price-to-Rent Ratio
22.7
Property Tax RateTIE
0.83%
Price Change (1Y)
+0.8%
Price Change (5Y)
+3.8%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$308,709
Median Home PriceBETTER
$275,153.59
Median RentBETTER
$1,266.89/mo
Price-to-Rent RatioBETTER
18.1
Property Tax RateTIE
0.83%
Price Change (1Y)BETTER
+2.5%
Price Change (5Y)BETTER
+12.3%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$136,336
Key Differences
Home Prices
Billings's median home price of $390,156.44 is higher than Butte's $275,153.59 by 42%.
Monthly Rent
Renting in Billings costs $1,430.51/mo compared to $1,266.89/mo in Butte—a difference of $163.62/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.