Housing market/Montana/ZIP 59105
ZIP 59105 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 59105 · MT — sent to you.
ZIP 59105 · MT
ACS rent vs 2BR SAFMR
ZIP 59105 — 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 59105
- 1-unit detached9,48566.9%
- 1-unit attached9446.7%
- 2–4 units1,1378.0%
- 5–49 units7305.1%
- 50+ units1841.3%
- Mobile1,69912.0%
2–4 unit share 8.0% · 5–49 unit share 5.1% · combined 2–49 13.1%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,261 (all bedrooms, occupied rentals).
- Median contract rent $1,074.
- Renters paying ≥30% of income 49.0%; ≥50% 23.7%.
- FY2027 2BR SAFMR $1,630 (1.293× ACS median gross rent).
Population
34,363 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +8.9%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 5 projects, 177 units.
- HUD project-based assisted MF: 2 properties, 148 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 59105 23.4% of occupied households are renters; vacancy is 4.5%; ACS median gross rent is $1,261; population increased +8.9% between the 2018 and 2023 ACS vintages; the housing stock includes 1,137 units in 2–4-unit structures and 730 units in 5–49-unit structures; 5 LIHTC projects totaling 177 units; FY2027 2BR SAFMR is $1,630 versus ACS median gross rent of $1,261. 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 59105 is a Census / HUD profile for Billings, MT. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 59105 — 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 59105?
ZIP 59105 (Billings, MT HUD Metro FMR Area) has 34,363 residents, 13,564 households, a renter share of 23.4%, median household income of $74,572, and ACS 2023 median gross rent of $1,261. Vacancy is 4.5%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 59105?
ACS counts 319 units in 2-unit buildings, 818 in 3–4 unit buildings, 535 in 5–9, 148 in 10–19, and 47 in 20–49. Combined 2–49 unit stock is 1,867 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 59105?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,630. See the full schedule and 90–110% payment-standard band on the ZIP 59105 — Billings, MT HUD Section 8 Payment Standards / SAFMR.
Does this Montana ZIP profile include Georgia listings?
No. ZIP 59105 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.