Housing market/Montana/ZIP 59101
ZIP 59101 Billings, Big Horn County, Montana
Big Horn County, MT · Montana. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 59101 · MT — sent to you.
ZIP 59101 · MT
ACS rent vs 2BR SAFMR
ZIP 59101 — Billings, MT HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 59101
- 1-unit detached11,47760.9%
- 1-unit attached7534.0%
- 2–4 units1,88310.0%
- 5–49 units1,7439.3%
- 50+ units4742.5%
- Mobile2,50713.3%
2–4 unit share 10.0% · 5–49 unit share 9.2% · combined 2–49 19.2%.
Units by bedrooms
Rent burden
- ACS median gross rent $930 (all bedrooms, occupied rentals).
- Median contract rent $824.
- Renters paying ≥30% of income 47.5%; ≥50% 21.9%.
- FY2027 2BR SAFMR $1,360 (1.462× ACS median gross rent).
Population
41,797 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +0.9%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 13 projects, 504 units.
- HUD project-based assisted MF: 6 properties, 467 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 116 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 59101 42.1% of occupied households are renters; vacancy is 7.0%; ACS median gross rent is $930; population increased +0.9% between the 2018 and 2023 ACS vintages; the housing stock includes 1,883 units in 2–4-unit structures and 1,743 units in 5–49-unit structures; 13 LIHTC projects totaling 504 units; FY2027 2BR SAFMR is $1,360 versus ACS median gross rent of $930. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
Montana research
ZIP 59101 is a Census / HUD profile for Big Horn County, MT. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 59101 — Billings, MT HUD Section 8 Payment Standards / SAFMR·Montana ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Montana research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 59101?
ZIP 59101 (Big Horn County, MT) has 41,797 residents, 17,546 households, a renter share of 42.1%, median household income of $58,165, and ACS 2023 median gross rent of $930. Vacancy is 7.0%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 59101?
ACS counts 707 units in 2-unit buildings, 1,176 in 3–4 unit buildings, 762 in 5–9, 556 in 10–19, and 425 in 20–49. Combined 2–49 unit stock is 3,626 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 59101?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,360. See the full schedule and 90–110% payment-standard band on the ZIP 59101 — Billings, MT HUD Section 8 Payment Standards / SAFMR.
Does this Montana ZIP profile include Georgia listings?
No. ZIP 59101 is Census / HUD research for Big Horn County, MT. Jeff Crowe CRE does not list Montana property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.