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Lockwood, MT Home Values and Rents
The median home value in Lockwood is $235,400, 55th highest of 92 cities and towns in Montana. Median rent is $1,138 a month.
- Median home value
- $235,400
- 55th of 92 in MT
- Median rent
- $1,138/mo
- ACS 2020-2024
- Price change, 1 year
- +1.2%
- County index, 2025
- Homeownership
- 75.8%
- MT: 69.2%
Home sale prices in the Billings, MT area
Zillow median sale price, Sep 2026
$389,298-2.5% from a year earlier
Half of homes in the metro area sold for more and half for less. Zillow publishes sale prices for metro areas, not for single counties or cities.
Yellowstone County home price trend
FHFA annual House Price Index for Yellowstone County, 2000 = 100, compared with Montana
Show as a table
| Period | Yellowstone County |
|---|---|
| 2025 | 312 |
| 2024 | 309 |
| 2023 | 301 |
| 2022 | 286 |
| 2021 | 240 |
| 2020 | 212 |
| 2019 | 204 |
| 2018 | 197 |
| 2017 | 193 |
| 2016 | 186 |
| 2015 | 182 |
| 2014 | 175 |
| 2013 | 168 |
| 2012 | 161 |
| 2011 | 157 |
Beta
Over five years, Yellowstone County prices changed +47.7%, compared with +40.6% for Montana.
Source: Federal Housing Finance Agency · Last updated 08/01/2026
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Fair Market Rents, FY2027
HUD rent standard for Billings, MT HUD Metro FMR Area
| Unit size | Monthly rent | vs FY2026 |
|---|---|---|
| Studio | $1,003 | -1.3% |
| 1 bedroom | $1,132 | +2.1% |
| 2 bedrooms | $1,432 | +1.1% |
| 3 bedrooms | $1,983 | +1.6% |
| 4 bedrooms | $2,261 | +2.0% |
Frequently asked questions
- What is the median home value in Lockwood, MT?
- The median home value in Lockwood is $235,400, based on the American Community Survey 2020-2024 5-year estimates. The Montana median is $375,800.
- How much is rent in Lockwood?
- The median rent in Lockwood is $1,138 a month, including utilities paid by the renter. HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,432.
- Are home prices going up in Lockwood?
- Home prices in Yellowstone County changed +1.2% over one year and +47.7% over five years, as of 2025.
- How does Lockwood compare with the rest of Montana?
- Lockwood has the 55th highest median home value of 92 cities and towns with 1,000+ residents in Montana.