| Index | Shepherd | Montana | National |
| Median home price | $204,100 | $199,700 | $184,700 |
| Median rent asked | $1,005 | $732 | $949 |
| Avg. people per household | 3.4 | 2.4 | 2.6 |
| Owner occupied households | 57.3% | 67.2% | 63.6% |
| Renter occupied households | 42.7% | 32.8% | 36.4% |
| Index | Shepherd | Montana | National |
| Zillow home value index | $224,800 | $199,900 | $196,500 |
| Year over year appreciation rate | -1.92% | 5.82% | 6.79% |
| 5 year average appreciation rate | 3.68% | 3.16% | 5.28% |
| 10 year average appreciation rate | 1.29% | 1.83% | 0.01% |
| City, State | Population | Home Price | National Avg. |
| Ballantine, MT | 183 | $52,500 | 72% |
| Worden, MT | 789 | $168,100 | 9% |
| Lockwood, MT | 7,670 | $176,000 | 5% |
| Huntley, MT | 478 | $182,500 | 1% |
| Billings, MT | 109,089 | $198,300 | 7% |
| Shepherd, MT | 565 | $204,100 | 11% |
| City, State | Population | Home Price | National Avg. |
| Lake Hughes, CA | 565 | $191,200 | 4% |
| Newell, PA | 565 | $72,000 | 61% |
| Upsala, MN | 565 | $117,200 | 37% |
| Peñasco, NM | 565 | $131,300 | 29% |
| Pueblo Nuevo, TX | 565 | $58,300 | 68% |
| Shepherd, MT | 565 | $204,100 | 11% |