Housing market/Montana/ZIP 59106
ZIP 59106 Billings, Montana
Billings, MT HUD Metro FMR Area · 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 59106 · MT — sent to you.
ZIP 59106 · MT
ACS rent vs 2BR SAFMR
ZIP 59106 — 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 59106
- 1-unit detached5,97373.2%
- 1-unit attached6497.9%
- 2–4 units1391.7%
- 5–49 units5296.5%
- 50+ units7188.8%
- Mobile1561.9%
2–4 unit share 1.7% · 5–49 unit share 6.5% · combined 2–49 8.2%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,380 (all bedrooms, occupied rentals).
- Median contract rent $1,279.
- Renters paying ≥30% of income 34.6%; ≥50% 12.1%.
- FY2027 2BR SAFMR $1,780 (1.290× ACS median gross rent).
Population
20,232 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +16.7%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: not published for this ZIP.
- HUD project-based assisted MF: not published for this ZIP.
- 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 59106 20.4% of occupied households are renters; vacancy is 4.4%; ACS median gross rent is $1,380; population increased +16.7% between the 2018 and 2023 ACS vintages; the housing stock includes 139 units in 2–4-unit structures and 529 units in 5–49-unit structures; FY2027 2BR SAFMR is $1,780 versus ACS median gross rent of $1,380. 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 59106 is a Census / HUD profile for Billings, MT. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 59106 — 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 59106?
ZIP 59106 (Billings, MT HUD Metro FMR Area) has 20,232 residents, 7,804 households, a renter share of 20.4%, median household income of $122,374, and ACS 2023 median gross rent of $1,380. Vacancy is 4.4%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 59106?
ACS counts 30 units in 2-unit buildings, 109 in 3–4 unit buildings, 224 in 5–9, 158 in 10–19, and 147 in 20–49. Combined 2–49 unit stock is 668 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 59106?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,780. See the full schedule and 90–110% payment-standard band on the ZIP 59106 — Billings, MT HUD Section 8 Payment Standards / SAFMR.
Does this Montana ZIP profile include Georgia listings?
No. ZIP 59106 is Census / HUD research for Billings, MT HUD Metro FMR Area. 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.