| Index | Shepherd | Montana | National |
| Median home price | $112,200 | $187,600 | $175,700 |
| Median rent asked | $1,011 | $696 | $920 |
| Avg. people per household | 3.3 | 2.4 | 2.6 |
| Owner occupied households | 81.3% | 67.7% | 64.4% |
| Renter occupied households | 18.8% | 32.3% | 35.6% |
| 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 | 208 | $55,300 | 69% |
| Lockwood, MT | 6,943 | $162,500 | 8% |
| Worden, MT | 573 | $165,200 | 6% |
| Huntley, MT | 461 | $181,900 | 4% |
| Billings, MT | 106,979 | $185,900 | 6% |
| Shepherd, MT | 766 | $112,200 | 36% |
| City, State | Population | Home Price | National Avg. |
| Magnolia Springs, AL | 766 | $210,300 | 20% |
| Riner, VA | 766 | $276,100 | 57% |
| Reece City, AL | 766 | $97,900 | 44% |
| Plains, MT | 766 | $120,700 | 31% |
| Annville, KY | 766 | $56,600 | 68% |
| Shepherd, MT | 766 | $112,200 | 36% |