Belfry, Montana.
Typical home $397,667 (+1.8% in a year). Billings, MT metro.
to buy the typical home at today's mortgage rate — +$1,278 (+158%) since Jan 2020.
- 1 year
- Up $7,028 +2%
- $390,639$397,667 since Sep 2025
- 5 years
- Up $94,179 +31%
- $303,488$397,667 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Belfry$2,087
- Montana$2,453
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 13 years.
Typical home values in Belfry, MT rose 1.8% over the past year — faster than the nation's +1.2%.
Living in Belfry, Carbon County, Montana
Belfry, in Carbon County, had 193 people in the 2020 census. Unemployment in Carbon County was 2.4% in August 2026, and the county had 2.9% more jobs in 2025 than the year before. The most people in Carbon County work in farming, then schools and health care.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Belfry is a very small community in Carbon County, Montana, home to few people in all. Homes here cost a good deal more than the typical household in the county might expect to pay for housing, and winters are long and cold, with a great deal of snow and moderate precipitation through the year. Summers are warm, and July is the warmest month.
Work. Residents work mostly in farming, forestry and mining, in schools, hospitals and social care, in shops, and in professional and business services, and a small share work from home. Across Carbon County, the largest workplaces include Beartooth Billings Clinic, Red Lodge Elem Schools and the Forest Service. Unemployment across the county is low and a little lower than a year earlier, and the county has added jobs over the past year.
Things to do. The best known nearby place is the Beartooth Highway, a tourist attraction a longer drive away. Rock Creek, a river, and Red Lodge Mountain Resort, a ski area, are also a longer drive away, and the snowy winters suit the ski area well.
Report a mistake
- 5%work from home
What people in Carbon County work in
Employed residents by industry, from the Census survey. Carbon County had 3,141 jobs in 2025, 2.9% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in December, with highs near 36° and lows near 14°; warmest in July, with highs near 81° and lows near 50°. About 142 inches of snow and 23 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Red Lodge weather station, 13 miles away (NOAA).
Largest workplaces in Carbon County
- Beartooth Billings ClinicCritical access hospital81FTE
- Red Lodge Elem SchoolsSchool district46FTE
- Bridger K-12 SchoolsSchool district42FTE
- Joliet Elem SchoolsSchool district41FTE
- Belfry K-12 SchoolsSchool district39FTE
- Forest ServiceFederal government · Department of Agriculture35
- Red Lodge H S SchoolsSchool district23FTE
- Roberts K-12 SchoolsSchool district23FTE
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 2 workplaces with 20 or more staff, 164 people in all across the county; Belfry has none of its own. Hospitals come from their Medicare cost reports (CMS, 2023), school districts from the Common Core of Data (NCES, 2023–24) and federal offices from OPM's federal workforce data (2026); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- LightningVery high
- LandslidesRelatively high
- WildfireRelatively high
- Inland floodingRelatively high
- Winter weatherRelatively high
- Cold wavesRelatively high
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Belfry’s census tracts, against the rest of the country; all of them together, relatively high. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Carbon County and the Billings, MT metro.
Belfry home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Belfry$397,667
- Montana$467,275
- United States$366,157
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Belfry6
Zip codes with a Belfry address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Belfry — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.