59106, Billings, MT

The 59106 zip code of Billings, MT has a median home value of $128,000 and a median home equity of $101,000. This is significantly lower than the national median home value of $217,500 and median home equity of $146,200. The majority (60%) of homes in the 59106 zip code are owner-occupied while 40% are rented.

There are several factors that may contribute to the low home values in the 59106 zip code. First, there is a high percentage (60%) of owner-occupied homes which may indicate that there is not a lot of demand for properties in this area. Additionally, this area has been hit hard by the recession which may have caused people to sell their homes at below market prices. Finally, this zip code is located in an economically depressed region which may also have contributed to the low home values.