Lockwood
Neighborhood in Billings, Montana
Yellowstone County 59037, 59101
Split-level homes on spacious lots
Most of Lockwood’s residential areas are south of Interstate 90, where split-level and ranch-style houses built in the last half of the 20th century sit along narrow, sidewalk-less streets. Yards can be up to an acre, large enough to accommodate large vegetable gardens, recreational vehicle storage and backyard workshops. Prices typically range from around $250,000 to $400,000. In the neighborhood’s east, 21st-century Craftsman-inspired new traditional homes are set in hilly terrain, offering expansive views of the distant horizon. These homes rarely come on the market, though one sold for around $500,000 in late 2024. Two- and three-bedroom manufactured homes built in the 1990s can be found throughout the neighborhood; these can cost between $50,000 and $60,000.
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The Global Affairs Club at Lockwood High
Local kids can attend Lockwood Schools, which share a campus in the neighborhood. Lockwood Primary serves kindergarten through Grade 2 and earns a B-minus from Niche, while Lockwood Intermediate covers Grades 3 through 5 and earns a C. Lockwood Middle also earns a C, and Lockwood High earns a C-minus. High schoolers can join the Global Affairs Club, which won first place and a trip to India at the EconoQuest Conference in 2024. There are also over 15 sports teams to choose from, including girls' flag football, which has an annual camp hosted by the NFL’s Atlanta Falcons.
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Along Interstate 90
Interstate 90 passes through Lockwood, leading roughly 5 miles to downtown Billings; Old Hardin Road, which turns into Highway 87, offers an alternate route downtown. The Billings Bypass will connect Interstate 90 to Highway 312, so drivers won’t have to go through downtown to get to The Heights, a neighborhood just across the Yellowstone River with retail stores. With no public transportation or bike lanes, and few sidewalks, residents rely on their cars to get around the city. Intermountain Health St. Vincent Regional Hospital and Billings-Logan International Airport are both about 7 miles away.Creative offerings at Yellowstone Coffee and Canvas
Fast food restaurants like McDonald’s and Burger King can be found near Interstate 90. There aren’t many local restaurants here, but residents can order Chinese comfort food from Jin’s Buffet or spend an afternoon at Yellowstone Coffee and Canvas, a local coffee shop that sells canvases and ceramics that can be painted on-site. Zimmer says that most people dine or shop downtown or in Billings’ west end. “But it’s easy access,” she says. “You jump on the interstate and 10 minutes later, you’re at an interstate exit.” National retailers like Target are also nearby, along with grocery stores like Lockwood IGA and Albertsons.
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Nearby hiking at Four Dances Recreation Area
There are several pocket parks throughout the neighborhood, including Hillner Park, with a 9-hole disc golf course, and Count Park, which has a baseball diamond. The Lion’s Lair is a playground on the Lockwood Schools' campus. Nearby, the 765-acre Four Dances Recreation Area nearby has a roughly 2-mile trail through sagebrush and ponderosa pines. “I like to take my dogs out there,” Zimmer says. “It's got good views of the city and the river down below.” The three caves at the 23-acre Pictograph Cave State Park were once home to prehistoric hunters and feature over 2,000-year-old cave paintings.
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The MontanaFair at MetraPark
MetraPark, Billings’ fairgrounds that includes several event spaces, is just across the river from Lockwood. The First Interstate Arena here is the state’s biggest indoor concert venue, hosting major acts like REO Speedwagon and Hank Williams Jr. The MontanaFair each August draws huge crowds to MetraPark for nine days of agriculture competitions, fair rides and carnival games.Some areas at high risk for flooding
Some areas of Lockwood are in a Special Flood Hazard Area and are at high risk of flooding. Homeowners here may have to purchase flood insurance. The last floods to affect the neighborhood were in 2022. Proximity to undeveloped areas also puts the neighborhood at high risk for wildfire, though residents are more likely to experience reduced air quality from nearby fires than any direct effects. The Lockwood Fire District serves the area, employing 17 firefighters.
Written By
Annie Franklin
Photography Contributed By
Mark Huddleston
Video By
Conar McDaniel
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Agents Specializing in this Area
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Ronald Boyd
Ronald Boyd
Team Boyd REALTORS
(406) 412-3108
56 Total Sales
3 in Lockwood
$62K - $425K Price Range
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Ken Minnie
Ken Minnie
Big M Realty LLC
(406) 412-3540
103 Total Sales
2 in Lockwood
$240K - $382K Price Range
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Jason Leininger
JL
Jason Leininger
Real Estate Hub LLLP
(406) 717-6515
162 Total Sales
3 in Lockwood
$315K - $560K Price Range
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Hannah Reno
Hannah Reno
Keller Williams Yellowstone Properties
(406) 506-4761
119 Total Sales
15 in Lockwood
$20K - $375K Price Range
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Jamie Lee Rindahl
Jamie Lee Rindahl
eXp Realty, LLC - Billings
(406) 500-8530
33 Total Sales
1 in Lockwood
$109,900 Price
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Karen Campbell
Karen Campbell
NextHome Peaks to Prairie
(406) 412-3561
70 Total Sales
2 in Lockwood
$440K - $489K Price Range
Schools
Source:
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
- 9th to 12th
- Public
- 6th to 8th
- Public
- 3rd to 5th
- Public
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Crime and Safety
| 1 - Low Crime, 10 - High Crime | Lockwood | US |
|---|---|---|
| Homicide | 2 | 4 |
| Sexual Assault | 3 | 4 |
| Assault with Weapon | 3 | 4 |
| Robbery | 2 | 4 |
| Burglary | 3 | 4 |
| Motor Vehicle Theft | 3 | 4 |
| Larceny | 3 | 4 |
| Crime Score | 3 | 4 |
Source: WhatIsMyCrimeRisk.com
Lockwood Demographics and Home Trends
On average, homes in Lockwood, Billings sell after 76 days on the market compared to the national average of 48 days. The median sale price for homes in Lockwood, Billings over the last 12 months is $267,750, down 19% from the average home sale price over the previous 12 months.
Housing Trends
Median List Price
$175,000
Median Sale Price
$267,750
Median Single Family Sale Price
$85,000
Median Change From 1st List Price
3%
Last 12 months Home Sales
58
Median Home Sale Price YoY Change
-19%
Average Price Per Sq Ft
$149
Neighborhood Facts
Number of Homes in Neighborhood
112
Number of Homes for Sale
43
Median Year Built
2007
Months of Supply
8.90
Average Single Family Home Size Sq Ft
1,955
On par with the national average
1,937
Median Lot Size Sq Ft
20,037
Open Houses
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Saturday, May 1010am - 1pm
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Saturday, May 1011am - 1pm
Distribution of Home Values
Homes for Sale
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Average Home Value
Property Mix - Square Feet
This Neighborhood Has More Owners
Demographics
Total Population
6,999
Median Age
40
Population Density
1 person/acre
Population under 18
25.9%
On par with the national average
23.8%
Population over 65
17.7%
On par with the national average
19.1%
Finances
Median Household Income
$77,775
Above the national average
$71,702
Average Household Income
$88,775
Education and Workforce
High School Graduates
91.9%
College Graduates
20.2%
Below the national average
34.1%
Advanced Degrees
3.4%
Below the national average
13.3%
% Population in Labor Force
69.9%
Weather
Annual Precipitation
15''
Average Winter Low Temperature
17°F
Average Summer High Temperature
87°F
Annual Snowfall
44''
Area Factors
Somewhat Bikeable
Bike Score®
30
/ 100
Car-Dependent
Walk Score®
11
/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
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