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Shepherd, MT Home Values and Rents
The typical home value in Shepherd is $474,215.
- Typical home value
- $474,215
- Zillow
- Price change, 1 year
- +2.9%
- Sep 2026
- Homeownership
- 100.0%
- 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.
Typical home value in Shepherd
Zillow Home Value Index, all homes, middle tier
Show as a table
| Period | Shepherd |
|---|---|
| Sep 2026 | $474,215 |
| Dec 2025 | $467,752 |
| Dec 2024 | $456,832 |
| Dec 2023 | $444,478 |
| Dec 2022 | $427,520 |
| Dec 2021 | $386,615 |
| Dec 2020 | $321,479 |
| Dec 2019 | $298,535 |
| Dec 2018 | $282,368 |
| Dec 2017 | $269,781 |
| Dec 2016 | $261,087 |
| Dec 2015 | $269,493 |
| Dec 2014 | $249,730 |
| Dec 2013 | $222,957 |
| Dec 2012 | $214,280 |
Over five years, Shepherd prices changed +27.9%.
Source: Zillow Research · Last updated 09/01/2026
Fair Market Rents, FY2027
HUD rent standard for Billings, MT HUD Metro FMR Area
| Unit size | Monthly rent |
|---|---|
| Studio | $1,003 |
| 1 bedroom | $1,132 |
| 2 bedrooms | $1,432 |
| 3 bedrooms | $1,983 |
| 4 bedrooms | $2,261 |
Frequently asked questions
- What is the typical home value in Shepherd, MT?
- The typical home value in Shepherd is $474,215 (Zillow Home Value Index, Sep 2026). The Montana median is $375,800.
- Are home prices going up in Shepherd?
- The typical home value in Shepherd changed +2.9% over one year and +27.9% over five years, as of Sep 2026.