Courtesy: Fenton Enterprises
406-967-2850
Rare opportunity in Shepherd! Located just 8 miles east of Billings at the prominent corner of Hwy 312 and Shepherd Road. this 6.71 acre property offers both comfortable residiential living and significant future development potential. The one-level stucco home features 3 bedrooms, 2 bathrooms, an attached garage, and plenty of room to enjoy the acreage. The land is irrigated, partially fenced, and includes a seperate shed for additional storage. The property's highly visible corner location along two major routes creates an exciting opportunity for future commercial development, subject to applicable zoning and approvals. With acreage, highway frontage, and convenient proximity to Billings, this property offers a unique combination of residential use and potential long-term investment value. This property is two seperate parcels. The home and 3 acres is one and the 3.71 acres is second. The parcels can be purchased separately, but the owner will not sell the 3.71 acres until the home with 3 acres is sold. If purchasing separatley the home and 3 acres is priced at $460,000 and the 3.71 acres is priced at $190,000.
Courtesy: Engel & Voelkers
406-206-0192
2+ acre Shepherd property • Main-level primary suite • Finished basement with flexible living space. Located in the Shepherd School District with convenient access to Billings, this 4-bedroom, 2.5-bath home offers more than 3,000 sq ft of living space. The open-concept main level features hickory flooring, custom cabinetry, abundant storage, and a wood-burning fireplace. The main-level primary suite provides separation from the additional upstairs bedrooms. The finished basement offers space for a recreation room, media room, home office, workout area, or hobby space, with direct access from both the interior and attached 2-car garage. Forced-air heating, central air conditioning, fiber internet availability, and room to spread out on 2+ acres complete the package.
Courtesy: 41 Realty Group
406-969-4141
Looking for a wonderful home with a full acre of land in Shepherd? This three-level, four-bedroom, 1½-bath home offers plenty of natural light, comfortable living spaces, and room to make the property work for you. The main level features a bright, welcoming kitchen with newer appliances, including a refrigerator replaced in 2023, stove in 2018, and dishwasher in 2019. Two out of the three bedrooms upstairs each feature custom-built-in shelving, adding both character and practical storage. The lower-level bedroom is currently being used as an office, offering flexibility for whatever your needs may be. The home has seen several recent updates, including new LVP flooring in 2026, siding in 2025, a water heater in 2025, new gutters in 2025, and a new pressure tank in 2026. The woodstove has also been connected to help heat the home. Step outside to enjoy the new deck and spacious one-acre property. A designated garden area is ready for those who enjoy growing their own vegetables or flowers. The current owners also utilize a portion of the backyard for their business and work vehicles, but with an acre of land, there is plenty of room to create the outdoor space that fits your lifestyle. Come take a look and see how you can make it your own!
Courtesy: Keller Williams Yellowstone Pr
406-655-0005
Montana living with room to breathe! Wide-open views, more than an acre of land, and the kind of privacy that makes Montana living so appealing. Located in Shepherd and approximately 20 minutes from Billings. This 4-bedroom, 2-bath home delivers space both inside and out with a versatile floor plan featuring two generous living areas. From the large picture window, take in sweeping views of the surrounding landscape— scenery that make this property special. Enjoy the Montana lifestyle with a large lot, fenced yard, brand-new deck, and plenty of room. Updates include newer siding, newer roof, gutters, windows, French door, and asphalt driveway. The property is also equipped with an upgraded whole-house sediment filtration system and reverse osmosis system. Enjoy the tranquility of country living, and over an acre to call your own—all while keeping Billings within an easy drive.
Courtesy: Western Skies Real Estate
406-591-5889
The perfect horse property! Country living on 8.44 acres w/an impressive setup for horses & plenty of space_This fully remodeled ranch style home has NEW appliances, NEW flooring, NEW interior & exterior paint, NEW kitchen remodel & NEW bathrooms. Finished basement for additional living space & a wood deck overlooking the horse pastures_Acreage includes multiple pastures, year-round creek & potentially 5 irrigation shares that can be reactivated through BBW_Horse amenities include a 150' x 300' pipe roping arena, horse barn w/stalls & convenient hay storage, 5 separate pipe corrals w/automatic waterers, 3 lean-to shelters, & multiple frost-free spigots_Home has been fully remodeled & is move-in ready allowing you to focus all your attention on preparing the property to fit you & your animals needs. This is a rare combination of acreage, water, & property with NO restrictions.
Courtesy: 4 Seasons Real Estate
406-670-9799
Welcome to this beautifully maintained home nestled on just over an acre in a quiet community that is conveniently located within a 20 minute drive of Billings. A long list of recent improvements, providing peace of mind, includes new siding, class 3 roof, gutters, windows and a beautiful french door. Inside the home offers a spacious layout with two separate living rooms and a large picture window that fills the space with natural light. The wood-stove in the basement provides the perfect place to gather in the cooler months. Step outside to enjoy the brand new deck and fenced yard. This property also offers two sheds for additional storage, a new asphalt driveway, an upgraded whole home sediment filtration system, and a RO system. With room to spread out in a tranquil setting just minutes from Billings, this property offers the perfect blend of comfort, space, and convenience.
Courtesy: Engel & Voelkers
406-206-0192
New Roof & Exterior Paint · 2-Acre Shepherd property with Shop · Convenient access to Billings · 50-amp RV hookup. This 3 bed, 2 bath bi-level home offers approximately 1,795 finished sq ft and an open concept layout. The remodeled kitchen features shaker-style cabinetry with soft-close drawers, quartz countertops, stainless steel appliances, exensive storage, and a large island with seating. Sliding door access leads to the deck and fenced backyard. Full basement provides additional living space and flexibility. The fully insulated 1,200 sq ft shop includes 200-amp service, two 220V outlets, a pellet stove, and a 50-amp RV hookup. Detached garage adds additional utility. Well and septic system; sepetic pumped approx. four months ago per seller. Irrigation pump connected to ditch headgate.
Courtesy: Meridian Real Estate LLC
406-671-6955
Experience the best of country living just minutes from Billings in this beautifully updated zero-entry, one-level rancher situated on over an acre of land. This inviting home features an open-concept living space with luxury vinyl plank flooring, a modern kitchen with stainless steel appliances & dining area with a sliding glass door providing easy access to the backyard. Extensively renovated in 2024, this home has been thoughtfully updated to include new furnace, central A/C, water heater, electrical devices, plumbing, windows, garage door openers, water-softener, insulation, & sheetrock! In 2026 new hardboard siding, new roof, and new gutters were done, adding to its curb appeal and long-term value. Yard is privacy fenced and back pasture is fenced for horses with a loafing shed. This property offers the perfect combination of modern updates, comfort, and a little peace and quiet!
Courtesy: eXp Realty, LLC - Billings
406-578-4399
Enjoy the space and serenity of country living at 7851 Spear Drive in Shepherd! Situated on 1.24 acres, this spacious 2,964 sq. ft. home offers 4 bedrooms and 3 bathrooms with plenty of room for everyone. The functional floor plan provides multiple living spaces, making it ideal for entertaining, relaxing, or accommodating a growing family. Step outside and enjoy the peaceful setting, mature landscaping, and beautiful views while still being just a short drive from Billings. Whether you're looking for room to spread out, space for hobbies, or simply a place to enjoy Montana living, this property offers the perfect blend of comfort, privacy, and convenience. Don't miss your opportunity to make this country retreat your next home!
Courtesy: REAL Broker
855-450-0442
Country living with the big-ticket updates already done! This FHA-approved home on a permanent foundation sits on a beautiful 1-acre lot and offers 1,456 sq. ft. of comfortable living space. Recent improvements include a new irrigation pump (2025), new roof and gutters (2025), and new asphalt driveway (2024). The second bathroom (not shown) is currently being remodeled and will be completed prior to closing. Enjoy the nearby pond, which can be used to help water the yard, plus a separate outbuilding for storage, hobbies, or a workshop. Well maintained and move-in ready, this property offers the space, privacy, and peaceful setting you've been looking for. Don't miss this opportunity to enjoy country living at its best!
Courtesy: Engel & Voelkers
406-206-0192
2+ acre Shepherd property • Main-level primary suite • Finished basement with flexible living space. Located in the Shepherd School District with convenient access to Billings, this 4-bedroom, 2.5-bath home offers more than 3,000 sq ft of living space. The open-concept main level features hickory flooring, custom cabinetry, abundant storage, and a wood-burning fireplace. The main-level primary suite provides separation from the additional upstairs bedrooms. The finished basement offers space for a recreation room, media room, home office, workout area, or hobby space, with direct access from both the interior and attached 2-car garage. Forced-air heating, central air conditioning, fiber internet availability, and room to spread out on 2+ acres complete the package.
Courtesy: Engel & Voelkers
406-206-0192
2-acre Shepherd property with shop • Convenient access to Billings • 50-amp RV hookup. This 3-bedroom, 2-bath bi-level home offers approximately 1,795 finished sq ft and an open-concept layout. The remodeled kitchen features shaker-style cabinetry with soft-close doors and drawers, quartz countertops, stainless steel appliances, extensive storage, and a large island with seating. Sliding door access leads to the deck and fenced backyard. Full basement provides additional living space and flexibility. The fully insulated 1,200 sq ft shop includes 200-amp service, two 220V outlets, a pellet stove, and a 50-amp RV hookup. Detached garage and storage shed add additional utility. Well and septic system; septic pumped approximately two months ago per seller. Irrigation pump connected to ditch headgate.
Courtesy: Keller Williams Yellowstone Pr
406-655-0005
Welcome to 8340 Razor Creek Road, a versatile 3.5-acre irrigated ranchette priced at $550,000. This property has everything you need to pursue a country lifestyle, hobby farm or agricultural venture or locate a small business. The updated home features a new roof, siding, and gutters a luxurious primary suite and multiple living areas. Outside, the property really shines. The large barn includes a dedicated milking area, livestock stalls, hay storage, tack room, chicken coop and additional storage. A detached double garage and workshop provide room for equipment, projects and hobbies. You'll also find irrigation potable water, a root cellar/storm cellar, established garden area, fruit trees and a storage shed. The property has previously been home to horses, cattle, goats and chickens and is ready for its next owner. And perhaps the most important feature of all: NO RESTRICTIONS.
Courtesy: Exp Realty, Llc - Billings
This property offers the peaceful Montana lifestyle you’ve been looking for! Enjoy wide-open views, room for animals, hobbies, toys, or future improvements, all while being just a short drive from Billings. Situated on a permanent foundation, this 3 bed, 2 bath, 1,404 sq. ft. home was fully remodeled in 2019, blending updated comfort with rural charm. Recent updates include new paint, a new roof, and new A/C in 2025, adding peace of mind for years to come. Washer and dryer are included! Whether you're dreaming of a hobby farm, extra space to spread out, or simply a quiet country setting with privacy and easy access, this property offers endless potential and the freedom of Montana living. Bring your vision and make it your own!
Courtesy: Epique, Inc., DBA Epique Realty
888-893-3537
Escape to your own Montana paradise! Nestled on 20 unrestricted acres, this 3-bedroom, 2-bath, 3390 sq. ft. home offers the freedom and space you've been searching for. Bring your horses, cows, animals, RVs, and all your toys—there are no covenants or restrictions! The bright, open floor plan features a beautiful kitchen with abundant cabinetry, a cozy breakfast nook, and a sun-filled living room with deck access, perfect for enjoying Montana's stunning sunsets and wide-open skies. The unfinished daylight basement offers tremendous potential for future living space. With ample room you can build the shop of your dreams, create your ideal hobby farm, or simply enjoy the privacy and endless possibilities. Recent updates include a new roof, siding, and gutters. Includes a 48' x 8.5' storage trailer. Conveniently located just 13 miles from Billings International Airport and medical corridor.
Courtesy: A Haus Of Realty
406-628-7905
Welcome home! Situated on a spacious 1 acre lot within the Shepherd School District; this clean, move-in-ready 1,248sqft home features 3 bedrooms and 2 full baths, including a primary ensuite. The kitchen is complete with a pantry and window over the large sink. You will love the newly built detached shop, fully equipped with a concrete floor, propane heat, three 240V outlets, seven 120V outlets, and an attached lean-to for extra covered storage. Total peace of mind comes with a new roof, siding (LP Smart), windows, and cistern; all updated within the last few years. Plus, a recently added propane furnace and central air mean the electric baseboard heat is now just a bonus backup. See this turnkey property today! Possibly Assumable VA 0.88% interest rate.
Courtesy: Exp Realty, Llc - Billings
Brand new 1,800 sqft barndominium on 1.6 acres in Shepherd, just minutes from Billings. This 3-bed, 2-bath home features an open-concept layout with soaring ceilings and durable finishes throughout. The kitchen, living, and dining areas flow seamlessly for easy entertaining and everyday living. Radiant in-floor heat keeps the home comfortable year-round, and subdivision irrigation water access makes lawn and garden maintenance a breeze. Attached oversized (1,241 sqft) 2-car garage adds storage and functionality. Finishes are still TBD — buyer has the opportunity to meet with our designer and select their own or you use our selections. Perfect for homesteading, a private retreat, or a forever home with room to grow. Schedule your showing today!
Courtesy: Real Estate Hub Lllp
This beautiful horse property is on 2.76 acres, has Crooked Creek meandering through, & lies at the end of a quiet cul-de-sac. 3 bed/2 bath ranch style home is 2418 sq ft, has central air, & extra closets. Remodeled kitchen features island, walk out dry-deck, & gorgeous scenery. Wood stove in family room & another in oversized, insulated garage. Office downstairs, daylight walkout basement, family room, oversized laundry/utility room, bathroom & bedroom w/walk-in-closet. Enjoy seeing wildlife and using built in gas grill & patio! Manicured, fully-fenced property has creek-fed underground sprinklers, rock landscaping, raised garden beds, & established trees along with large tack shed & built on lean-to. Well fed cistern-dual buried tanks w/ 4400 gal of storage. New roof, gutters, windows and fascia. Don't miss this rural sanctuary with views, space, & privacy just minutes from Shepherd!
Courtesy: Exp Realty, Llc - Billings
Enjoy easy one-level living located in Shepherd, MT - offering space, privacy and functionality. Situated on 1.59 fully fenced acres with 6-foot chain link fencing, this property is ready for animals, hobbies and wide-open living. Inside is an open floor plan designed for everyday comfort and entertaining. The spacious kitchen features a large center island and flows seamlessly into the main living areas. The primary suite is a true retreat with a walk-in shower and shower and a large soaking tub - the perfect place to unwind at the end of the day. Outside, the property is fully equipped for horses or a hobby farm us with a separate pasture, horse shed with tack room, hay shed and an additional shed. A three-car garage offers ample space for vehicles, toys and equipment. If you've been looking for move-in ready country living with room to breathe, this is it.
Courtesy: eXp Realty, LLC - Billings
406-578-4399
Rural freedoms meet modern comfort and convenience in this farm style ranch property. No restrictions, natural springs, a variety of outbuildings, and mature landscaping leave plenty of options and potential of use for the outside from business to 4-H or homesteading- the possibilities are endless. Inside the house you will find an open yet cozy floor plan, large sunken living area, unique granite counters, custom stonework, a massive pantry complete with a standing freezer, a large mudroom/office off the garage, main floor laundry, and an expansive primary suite overlooking the creek valley. Then downstairs you can enjoy the large workout/jits room that could also be converted into another bedroom or other flexible potential, a private office, family room, 4th bedroom, a 3rd full bathroom, and walkout patio. Hot tub hookups, solar panels, and freedom all within 15 minutes of the airport
Courtesy: Keller Williams Yellowstone Pr
406-655-0005
Beautiful custom handcrafted home nestled in the trees! The home features a full wrap around porch with views in every direction. The open concept main floor is flooded with natural light, has vaulted ceilings & gas stove. Kitchen has ample storage, large island & raised dishwasher. Main floor primary suite & laundry. Fully finished walk out basement features 2 additional bedrooms with walk in closets. Upper floor bonus room with half bath could be a craft/hobby room, office space, play room, etc! HUGE shop/garage insulated and heated that can hold 8 cars (one is a tandem). Has a hoist that stays, half bath, storage! Lots of room to tinker! Property is on a well and septic. Must see to fully take in all the amenities! All info from 3rd party sources & deemed reliable. Info subject to change & not guaranteed or warranted. Buyer & buyer’s agent to verify all info.
Courtesy: Coldwell Banker The Brokers
This home offers a bit of rustic charm and quiet country living with the convenience of shopping and Billings amenities only minutes away! Upstairs offers an open floor plan with a main floor bedroom, as well as a bonus space for possibly an office nook or a play area. The open and updated kitchen is set for convenience and functionality with plenty of cabinet space. Inside you'll find a walkout basement, 3 non-egress bedrooms including a large Walk in closet, & all new basement flooring. With slightly over an acre, there is plenty of room for pets, small animals and even chickens! Property includes a fenced in small livestock pen, shed, and is partially fenced in off the back patio. Ideal for those looking to enjoy a country lifestyle with a bit of self-sufficiency.
Courtesy: Live Laugh Montana Real Estate
406-200-2476
One-of-a-kind rural retreat on ±220 private acres in Musselshell County with sweeping views of the Beartooth, Crazy, Bull, and Snowy Mountain ranges. This homestead has been thoughtfully rebuilt and improved over 30 years. The main residence features hand-milled cabinetry, quartz countertops, 6-burner gas stove, double oven, Blaze King fireplace, and custom juniper built-ins. Loft bonus room walks out to Trex deck with hot tub. Infrastructure includes fiber optic internet, two operational wells, two 2,200-gal cisterns, propane generator. Outbuildings include a 40x80 Quonset shop, barn, attached 3-car garage with shop, detached garage, and a fully functional guest house — ideal for multi-generational living. Deer-proof garden, two greenhouses, corral with loading chute, fenced yard, and abundant wildlife including elk, deer, and turkey. Equipment available separately.
Courtesy: Meridian Real Estate Llc
5.64 acres AND a SHOP! Country living at its finest! Newer ranch style home offers the perfect set up, w/private access to the Yellowstone River & irrigation ditch rights. Living room w/laminate flooring, & cozy gas fp. Kitchen is a standout w/quartz counters, island, tile backsplash, double ovens, an induction cooktop, farmhouse sink, & stylish floating shelves. Main level laundry rm w/sink & folding counter w/direct access to the primary closet. Primary bathroom has a tiled shower, dual vanity, & backlit heated mirrors for a touch of luxury. Downstairs, you’ll find a large family room along w/an adjoining flex space perfect for a home office, gym, or hobby room. Outside next to the finished 3 car garage is the 48x40 (1,920 sq ft) detached shop equipped with a concrete floor, 14-foot garage doors, & a lift system. Additional features include a well for water & irrigation ditch rights!
Courtesy: Keller Williams Yellowstone Properties
This 4-bedroom, 1.5-bath home sits on 2.4 fully irrigated acres and offers the space and setup you’ve been looking for. The main level features 3 bedrooms, a full bath plus half bath, a spacious living room, and a large open kitchen and dining area and washer dryer hookups in the garage! Stay cozy year-round with a wood stove upstairs and a propane stove downstairs. The lower level adds a fourth bedroom, a huge additional living space, and an oversized laundry room and mechanical room with plenty of storage. Outside, the property is fully fenced and ready for horses with pipe corrals, a barn with tack and feed storage, an additional outbuilding, and a loafing shed already in place. Complete with a covered back deck and oversized attached two-car garage, this property offers the perfect blend of comfort, functionality, and country living—just minutes from town.
Shepherd is located in Montana. Shepherd, Montana has a population of 825. Shepherd is more family-centric than the surrounding county with 39.3% of the households containing married families with children. The county average for households married with children is 30.97%.
The median household income in Shepherd, Montana is $136,667. The median household income for the surrounding county is $65,656 compared to the national median of $69,021. The median age of people living in Shepherd is 40.9 years.
The average high temperature in July is 87.9 degrees, with an average low temperature in January of 12.2 degrees. The average rainfall is approximately 14 inches per year, with 44.3 inches of snow per year.
