Compare Billings, MT mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Billings.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Billings. Plus, shopping lenders is free and there is no obligation.
August 22, 2025
Below we provide helpful information on the real estate market, home prices and housing affordability in Billings. Understand how much you need to earn to afford a home in Billings, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Billings fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Billings is right for you.
The median home value for Billings, MT (Yellowstone County) is $346,550
Based on current mortgage rates and a 10% down payment, you need to make $72,296 per year to buy the median priced home in Billings
With this income, you could qualify for a $311,895 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Billings is $1,674
The median household income for Billings, MT (Yellowstone County) is $70,902
Based on this income, you can afford a home valued at approximately $339,870
The home price you can afford to buy based on household income in Billings is 98% of the median home value which means housing prices are expensive. Billings (Yellowstone County) ranks 42 out of 56 counties in Montana and 2,833 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Billings, MT is expensive
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Billings (Yellowstone County) below.
Conforming loan limits for Billings, MT
FHA loan limits for Billings, MT