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
$558,039.58
Median Rent
$1,475.08/mo
Price-to-Rent Ratio
31.5
Property Tax RateTIE
0.83%
Price Change (1Y)
+0.7%
Price Change (5Y)
+3.6%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$538,440
Key Differences
Home Prices
Billings's median home price of $390,156.44 is lower than Missoula's $558,039.58 by 30%.
Monthly Rent
Renting in Billings costs $1,430.51/mo compared to $1,475.08/mo in Missoula—a difference of $44.57/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.