Shepherd, MT—59079
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Shepherd, MT
As of Oct '25, the median home price in Shepherd, MT is $461,000, with a year-over-year change of 2.5%. This indicates that home prices in Shepherd, MT are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $461,000 | 2.5% |
| Single Family | $461,000 | 2.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $372,000 | 1.4% |
3 Bed | $465,000 | 1.8% |
4 Bed | $527,000 | 3.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Shepherd, MT
Shepherd, MT lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $1,950 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,500 | $1,500 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,000 | $2,000 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Shepherd, MT
As of Oct '25, Realtor.com reports that the median days on market for a home in Shepherd, MT is 88. This is a increase of 101.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $499,000 | 11.0% |
Listing Count | 16 | 50.0% |
| Listings as % of Homes | 0.4% | 50.0% |
Days on Market | 88 | 101.0% |
Demographics — Shepherd, MT
As of the latest ACS Survey released in 2023, Shepherd, MT has a population of 3,890, which has increased by 17.0% over the past 5 years. Shepherd, MT is a popular place for families, as children make up 26.9% of the population. The area has a poorly educated workforce, with 23.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,890 | 17.0% |
% Under 18 | 26.9% | -6.9% |
% Seniors | 16.4% | 35.5% |
% WFH | 8.3% | -4.6% |
% w/ College Degree | 23.4% | 0.9% |
As of the latest ACS Survey released in 2023, Shepherd, MT is a predominantly white area, with 90.2% of the population identifying as white. The white population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in Shepherd, MT is asian, making up 2.4% of the population. Foreign-born residents account for 1.0% of the population in Shepherd, MT, and this percentage has increased by 25.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 90.2% | -2.8% |
% Black | 0.0% | N/A |
% Hispanic | 0.6% | -79.3% |
% Asian | 2.4% | ∞% |
% Foreign Born | 1.0% | 25.0% |
Mortgage and Risk — Shepherd, MT
According to HUD data as of 2023, there were 96 mortgage originations in Shepherd, MT, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Shepherd, MT. Investor activity is low, as 0.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 96 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Shepherd, MT
Shepherd, MT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 8.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$10 | $1,500 | $1,490 |
| 2 Bedroom | N/A | N/A | $1,930 |
| 3 Bedroom | $650 | $2,000 | $2,650 |
| 4 Bedroom | N/A | N/A | $2,990 |
Affordability — Shepherd, MT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.4 |
| Median Home Price | $461,000 |
| Median Household Income | $65,900 |