Billings, MT, is a very convenient city to live in. So, more and more families are moving here. With an urban setup, convenient transportation, and a variety of businesses and attractions, this is a great place to live. Some of the top industries in Billings are health care, education, and tourism. Billings is the county seat of Yellowstone County, one of three in Montana. Let's take a look at the real estate market in Billings.
Quick Facts:
- The cost of living in Billings, MT, is 5.1 lower than the US average and 0.9 higher than the average in Montana.
- Billings is the largest city of Montana, with an approximated population of 109,843 people.
- With a total of 5.10% increase in population from 2010.
- Median home price of $206,100 currently.
- The median rent price for a two-bedroom home is $835.
- Lastly, the median price per square foot is $146
Billings, MT, in a Nutshell
It's safe to say that Billings has potential in real estate. This can be a great place to make a home or instill as an investment with affordable home prices.
Economy
With high demand for jobs, the economy is flourishing in Billings and its neighbor, Great Falls. Besides having various jobs available to them, people of Billings also work in surrounding small towns, making the economy even larger.
Schools
Billings is surrounded by colleges and universities, such as the Montana State University, Rocky Mountain College, and two other institutions. The city has a high population of students because of all these institutions and universities.
Transportation
Billings has a public transportation system throughout the city to transport people to different locations. The Billings public transportation system has access to buses, taxis, and shuttles. Billings is also close to the state highway, US Route 87.
Real Estate in Billings, MT
Among other states and cities to settle in, Billings has an affordable cost of living and low home values. However, if you're thinking of buying a home in Billings, take a look at the housing market. The city is proliferating, and it's going to get crowded soon. Since the demand for houses in Billings is high, the prices are increasing as well.
Final Thoughts
Billings is said to have strong demographics that are highly expected for growth within the next few years. With a booming economy, undoubtedly, the real estate market will prosper as well. So whether you're thinking of buying a home or renting one, Billings is the city to live in. With a low cost of living and very affordable prices, you can never go wrong with Billings. So if you're planning on getting a house in Billings, do it soon!
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