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The average Lockwood, MT home value is $380,245, up 2.6% over the past year. (Updated on )
Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.
Typical Home Values: $380,245
1-Year Value Change: +2.6%
(Data through August 31, 2026)
Zillow is more than a place to browse homes. It’s a place to connect with a local agent, explore financing solutions, schedule home tours, understand your buying and selling power, and more.
The neighborhoods with the highest median home values in Billings, MT include: West Alkali Creek ($598,568), Blue Creek ($495,103), West End ($441,747), North Central ($420,070), Heights ($411,593).
The neighborhoods with the lowest median home values in Billings, MT include: Southside ($258,665), North Park ($265,256), Central-Terry ($325,617), Southwest Corridor ($329,141), North Elevation ($373,193).
Neighborhoods with the highest year-over-year value growth in Billings, MT include: Southside (8.0%), Highlands (4.3%), Heights (3.6%), Blue Creek (3.3%), West Alkali Creek (3.3%).