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MT area data

Shepherd, MT

Shepherd, MT.

Population: 3,940 (Census ACS)

The median home value in Shepherd, MT is $477,787 — up 3.6% over the past year. Homes sell for a median $499,000 after a median 187 days on market. 3 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively Moderate, with winterweather, coldwave, lightning the top-rated hazards. Cost of living is 4.5% below the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$477,787

Median home value

+3.6%

1-year change

187

Median days on market

Relatively Moderate

Hazard risk (county)

Home values & appreciation

Median home value
$477,787
1-year appreciation
+3.6%
3-year appreciation
+8.1%
5-year appreciation
+30.7%
10-year appreciation
+76.5%
All-time peak (2026-04)
$477,833
House Price Index (state)
724.8 (-1.8% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$499,000
Median list price
$517,500
Median price per sqft
$191
1-year sale-price change
+14.7%
Median days on market
187 days
Homes sold (recent period)
5
For-sale inventory
22
Active listings
20
1-year forecast
+2.3%
New listings (monthly)
3

Source: recent area sales and market data (ZIP-level)

Rents

Studio fair-market rent
$992/mo
1BR fair-market rent
$1,239/mo
2BR fair-market rent
$1,547/mo
3BR fair-market rent
$2,012/mo
4BR fair-market rent
$2,321/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Average)
95.5 (100 = US avg)
Electricity rate (state-level)
13.0¢/kWh
Natural gas rate (state-level)
$9.00/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
3
Elementary schools
1
Middle schools
1
High schools
1
School districts serving the area
Shepherd Elem, Shepherd H S
Schools include
Shepherd Elementary, Shepherd Middle School, Shepherd High School

Source: NCES school directory, 2022-23 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively Moderate
Top hazards (county)
winterWeather, coldWave, lightning, hail, inlandFlooding
Notable hazard ratings (county)
coldWave: Relatively High · drought: Relatively Low · earthquake: Relatively Low · hail: Relatively Moderate · heatWave: Relatively Low · iceStorm: Relatively Low
FEMA flood zone
X
Flood risk level
Minimal
Wildfire risk to homes (county)
Higher than 86% of US counties
Buildings in wildfire direct-exposure zone
25.7%
Radon potential (county)
Moderate radon potential — EPA Zone 2 of 3
EPA Superfund (NPL) sites within 5 mi
None
Nearest Superfund site
Lockwood Solvent Ground Water Plume (18.4 mi)
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Average annual temperature
47.5°F
Average high
60.0°F
Average low
36.0°F
Annual precipitation
15.8 in
Annual snowfall
60.7 in
USDA plant hardiness zone
4b (extreme annual low -25 to -20°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Air quality

Air quality rating
Good
Median AQI (annual)
29
Days with Good air quality
306
Days with Moderate air quality
47
Days with Unhealthy air quality
1
Highest AQI recorded (year)
191

Source: EPA air quality data (nearest monitoring station, annual)

Walkability & transit

Walkability index
3.5 / 20
Transit service frequency
-99,999
Jobs reachable by car (30 min)
2,470
Jobs reachable by transit (45 min)
2,850

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

National parks within ~60 mi
1
Nearest national park
Little Bighorn Battlefield National Monument (57 mi)
Airports within 30 mi
10
Nearest airport
Skyrider Ultralightport (12 mi)
Nearest major airport
Billings Logan International Airport (BIL) (20 mi)
Hospitals nearby (~15 mi)
1
Hospitals include
BILLINGS CLINIC
Avg hospital rating (CMS)
4.0 / 5
Best hospital rating nearby (CMS)
4.0 / 5
Solar radiation rating
Fair (4.1 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)

Migration

Net migration (county)
+754 tax filers

Source: IRS county-to-county migration data (county-level, ~12-month lag)

Housing stock

Median year housing built
1,990
Housing built before 1970
3.4%
Housing built 2000 or later
27.3%
Median annual property tax
$2,664
Mean commute to work
25 min
Households with broadband internet
43.5%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
77,614
Average weekly wage
$1,142
Top industries (by employment)
Health Care, Accommodation & Food, Construction
Annual residential building permits (county)
830

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

ShepherdState medianUS median
Median home value$477,787$425,267$289,727
Median sale price$499,000$499,000$325,000
Median days on market187 days110 days51 days
Median annual property tax$2,664$1,830$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the median home value in Shepherd, MT?
$477,787.
What is the median sale price in Shepherd, MT?
$499,000.
How long do homes take to sell in Shepherd, MT?
Median days on market: 187 days.
What is typical rent in Shepherd, MT?
2-bedroom fair-market rent: $1,547/month (HUD FMR — a 40th-percentile regulatory reference, not market-observed).
What is the natural-hazard risk in Shepherd, MT?
Overall risk: Relatively Moderate (FEMA NRI, county-level). Top hazards: winterWeather, coldWave, lightning, hail, inlandFlooding.
Is Shepherd, MT in a flood zone?
Minimal (FEMA NFIP). FEMA flood zone X.
What is the wildfire risk in Shepherd, MT?
Risk to homes is higher than 86% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in Shepherd, MT?
Moderate radon potential — EPA Zone 2 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near Shepherd, MT?
No current or proposed National Priorities List sites within 5 miles (EPA).
How many schools serve Shepherd, MT?
3 schools (1 elementary, 1 middle, 1 high) (NCES, 2022-23).
Is Shepherd, MT walkable?
Walkability index: 3.5/20 (EPA Smart Location Database).
What is the air quality in Shepherd, MT?
Good. Median AQI: 29. (EPA AQI).
What is the cost of living in Shepherd, MT?
Regional Price Parity: 95.5 (100 = US average) (Average) (BEA RPP, metro/state-level).

ZIP code for Shepherd

Selling a home in Shepherd, MT?

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Data last updated

Most recent source refresh: Sep 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents