Shepherd, MT
Population 613 · Montana
About Shepherd, MT
Shepherd is a small community located in Montana with a population of 613 residents according to the latest US Census Bureau American Community Survey data. The median household income is $0 per year, which is 100% below the national median of $75,149. The median age of 47.1 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Shepherd features a median home value of $179,700, which is 27% below the national median of $244,900. This positions Shepherd in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 261 total housing units, 94% are owner-occupied (246 units) and 6% are renter-occupied (15 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Shepherd shows an unemployment rate of 3.4%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 9.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Shepherd have an average one-way commute time of 27.9 minutes.
Education & Demographics
26.2% of Shepherd residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Shepherd, MT
Compared to national averages, Shepherd has a median household income of $0 (100% below the national median of $75,149). Home values average $179,700, which is 27% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Montana, Shepherd's income is 100% below the state average of $65,821, and home values are 38% below the state median of $288,703.
Why Live in Shepherd, MT?
Shepherd offers affordable housing with a median home value of $179,700, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 3.4%. Additionally, the city features a low poverty rate of 9.3%, better than the national average.
Potential considerations include median household income ($0) that falls below the national average. However, Shepherd’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Shepherd has a population of 613 with a median age of 47.1 years. Compare Shepherd with other cities to see how it stacks up, or explore all cities in Montana.
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Demographics
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Economy & Education
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Other Cities in Montana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Shepherd
What is the population of Shepherd, MT?
The population of Shepherd, MT is 613 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Montana.
What is the median household income in Shepherd?
The median household income in Shepherd, MT is $0 per year, which is 100% below the national median of $75,149.
What is the median home value in Shepherd?
The median home value in Shepherd, MT is $179,700, which is 27% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Shepherd?
The median monthly rent in Shepherd, MT is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Shepherd?
The unemployment rate in Shepherd, MT is 3.4%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Shepherd, MT a good place to live?
Shepherd offers a moderate cost of living, affordable housing, and a strong job market. With a population of 613 and a median age of 47.1, the city appeals to established professionals and retirees.
How educated is Shepherd, MT?
26.2% of residents in Shepherd aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Shepherd?
Key cost-of-living indicators for Shepherd, MT: median home value is $179,700 (27% below national), median rent is $0/month, and median household income is $0. The home-value-to-income ratio is Infinityx, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Shepherd?
The poverty rate in Shepherd, MT is 9.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Shepherd, MT?
Shepherd's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.