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The average Shepherd, MT home value is $474,215, up 2.9% over the past year. (Updated on )
Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.
Typical Home Values: $474,215
1-Year Value Change: +2.9%
(Data through September 30, 2026)
Zillow is more than a place to browse homes. It’s a place to connect with a local agent, explore financing solutions, schedule home tours, understand your buying and selling power, and more.
The median home value in Shepherd, MT is $474,215 as of September 2026. This represents a 0.2% increase compared to last month and a 2.9% increase year-over-year.
Home values in Shepherd, MT have increased by 0.2% month-over-month and 2.9% year-over-year.
The median home value in Shepherd, MT ($474,215) compares to: Yellowstone County ($401,522), Montana ($467,275), and the U.S. national median ($366,157).