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
$331,267.74
Median RentBETTER
$1,334.74/mo
Price-to-Rent RatioBETTER
20.7
Property Tax RateTIE
0.83%
Price Change (1Y)BETTER
+5.8%
Price Change (5Y)BETTER
+28.8%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$72,631
Key Differences
Home Prices
Billings's median home price of $390,156.44 is higher than Great Falls's $331,267.74 by 18%.
Monthly Rent
Renting in Billings costs $1,430.51/mo compared to $1,334.74/mo in Great Falls—a difference of $95.77/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.