Billings, MT brief

Rule set version 1, status watch · covering 2026-09

4 findings fired for Billings, MT this run, against a typical home value of $409,623 in September 2026 and covered employment of 92,236 in 2026 Q1.

The full Billings, MT page, with the occupation mix and every section’s source.

Billings, MT: 4 findings, 1 at a watch level and 3 noted

  1. watchBillings, MT's price-to-rent ratio of 24.6 ranks 29th of 379 US metro areas, a watch level here: price-to-rent in the top tenth of US metro areas (position among the metro areas that published both ZHVI and ZORI this month; not an official level). The previous published period is not in this table, so this is a standing level rather than a change.

    Period 2026-09.
    Show the arithmetic
    • test: priceToRent percentile = 92.5925925925926 >= 90
    • typical home value / (typical rent × 12); Zillow ZHVI over ZORI, same month

    position among the metro areas that published both ZHVI and ZORI this month; not an official level

  2. noteThe next Unemployment rate (BLS Employment Situation, monthly) covering Billings, MT is due between 2026-10-30 and 2026-11-13, estimated from the publisher's past release pattern.

    Show the arithmetic
    • window = 2026-10-30 to 2026-11-13, estimated from the publisher's past release pattern

    estimated from the publisher's past release pattern; not an announced date

  3. noteThe next Zillow ZHVI typical home value (monthly) covering Billings, MT is due between 2026-11-14 and 2026-11-21, estimated from the publisher's past release pattern.

    Show the arithmetic
    • window = 2026-11-14 to 2026-11-21, estimated from the publisher's past release pattern

    estimated from the publisher's past release pattern; not an announced date

  4. noteThe next Zillow ZORI typical rent (monthly) covering Billings, MT is due between 2026-11-14 and 2026-11-21, estimated from the publisher's past release pattern.

    Show the arithmetic
    • window = 2026-11-14 to 2026-11-21, estimated from the publisher's past release pattern

    estimated from the publisher's past release pattern; not an announced date

Next release

BTS Border Crossing Entry Data (monthly), between 2026-10-10 and 2026-10-30 (approximate).

Sources #

  • estimateZillow Home Value Index (ZHVI)Zillow Researchopen the source
    · retrieved 2026-10-19 · typical home value / (typical rent × 12); Zillow ZHVI over ZORI, same month
  • estimateQuarterly Census of Employment and WagesU.S. Bureau of Labor Statisticsopen the source
    · retrieved 2026-10-19 · jobs = sum of QCEW third-month employment across the 3 of 3 member counties BLS publishes. 92,236 = 2,992 + 3,193 + 86,051
  • publishedZillow Home Value Index (ZHVI)Zillow Researchopen the source
    Metro_zhvi_uc_sfrcondo_tier_0.33_0.67_sm_sa_month.csv · period 2026-09 · retrieved 2026-10-19
  • publishedZillow Observed Rent Index (ZORI)Zillow Researchopen the source
    Metro_zori_uc_sfrcondomfr_sm_month.csv · period 2026-09 · retrieved 2026-10-19
  • publishedOccupational Employment and Wage StatisticsU.S. Bureau of Labor Statisticsopen the source
    MSA 13740, all occupations · period May 2025 · retrieved 2026-10-19
  • estimateZillow Home Value Index (ZHVI)Zillow Researchopen the source
    · retrieved 2026-10-19 · month-over-month percent change = (newest month − previous month) / |previous month| × 100, from Zillow's own published month columns
  • estimateZillow Observed Rent Index (ZORI)Zillow Researchopen the source
    · retrieved 2026-10-19 · month-over-month percent change = (newest month − previous month) / |previous month| × 100, from Zillow's own published month columns

Citations

  • Zillow Research. Zillow Home Value Index (ZHVI). https://www.zillow.com/research/data/. accessed 2026-10-19. estimate computed by Embedding Atlas: typical home value / (typical rent × 12); Zillow ZHVI over ZORI, same month.
  • U.S. Bureau of Labor Statistics. Quarterly Census of Employment and Wages. https://www.bls.gov/cew/. accessed 2026-10-19. estimate computed by Embedding Atlas: jobs = sum of QCEW third-month employment across the 3 of 3 member counties BLS publishes. 92,236 = 2,992 + 3,193 + 86,051.
  • Zillow Research. Zillow Home Value Index (ZHVI). series Metro_zhvi_uc_sfrcondo_tier_0.33_0.67_sm_sa_month.csv. period 2026-09. https://files.zillowstatic.com/research/public_csvs/zhvi/Metro_zhvi_uc_sfrcondo_tier_0.33_0.67_sm_sa_month.csv. accessed 2026-10-19.
  • Zillow Research. Zillow Observed Rent Index (ZORI). series Metro_zori_uc_sfrcondomfr_sm_month.csv. period 2026-09. https://files.zillowstatic.com/research/public_csvs/zori/Metro_zori_uc_sfrcondomfr_sm_month.csv. accessed 2026-10-19.
  • U.S. Bureau of Labor Statistics. Occupational Employment and Wage Statistics. series MSA 13740, all occupations. period May 2025. https://www.bls.gov/oes/tables.htm. accessed 2026-10-19.
  • Zillow Research. Zillow Home Value Index (ZHVI). https://www.zillow.com/research/data/. accessed 2026-10-19. estimate computed by Embedding Atlas: month-over-month percent change = (newest month − previous month) / |previous month| × 100, from Zillow's own published month columns.
  • Zillow Research. Zillow Observed Rent Index (ZORI). https://www.zillow.com/research/data/. accessed 2026-10-19. estimate computed by Embedding Atlas: month-over-month percent change = (newest month − previous month) / |previous month| × 100, from Zillow's own published month columns.

What these numbers are not

  • The named indicators shown beside this brief are national or basin-level series, not measurements of Billings, MT; 30-year fixed mortgage rate (watch), Los Angeles + Long Beach container volume, annual (watch), Shanghai to Los Angeles container rate (watch) and WTI crude oil, spot (watch) are at a watch or alert level. They are context.

Page assembled 2026-10-19T23:49:13.594Z. Place identity tables pulled 2026-10-01.