Shepherd Homes under $400,000

Shepherd Homes under $400,000

Welcome to Shepherd, Montana – a hidden gem nestled in the heart of Yellowstone County! This charming town offers a unique blend of small-town warmth and stunning natural beauty, making it an ideal place for families, retirees, and everyone in between. With its close-knit community, picturesque landscapes, and rich history, Shepherd is a place where you can truly feel at home.

One of the most appealing aspects of Shepherd is its affordability. If you're in the market for a home under $400,000, you're in luck! The housing market here boasts a variety of options that cater to diverse tastes and budgets. From cozy starter homes to spacious family residences, you’ll find properties that offer not just a place to live, but a lifestyle that embraces the great outdoors. Imagine enjoying your morning coffee on the porch while taking in the breathtaking views of the surrounding mountains and fields.

Shepherd is also conveniently located just a short drive from Billings, Montana’s largest city, providing easy access to urban amenities while maintaining the tranquility of rural living. The community is rich with local events, parks, and recreational activities, ensuring there's always something to do. Whether you’re hiking, fishing, or simply enjoying a quiet evening under the stars, Shepherd’s charm is undeniable.

Explore the possibilities of homeownership in Shepherd, MT, where your dream home awaits at an affordable price. Discover the warmth of this community and the beauty of its surroundings – you just might find your perfect match here!

Newest Shepherd Homes under $400,000

5632 Meadowmist Drive, Shepherd
$344,900
4 Beds ⋅ 2 Baths ⋅ 362009 MLS
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!

5632 Meadowmist Drive, Shepherd
3507 High Noon, Shepherd
$389,000
3 Beds ⋅ 2 Baths ⋅ 360941 MLS
Beautiful and sunny open layout new construction 2025, cozy 3 bed/2 bath home, has all your needs and wants. Primary bed suite, copious amount of cabinets & an kitchen island for carefree entertaining with sliding doors to a covered patio. Views as far as the eyes can see. With over 1.5 acres plenty of privacy and fun. Both siding & shingles have been upgraded: siding is a SmartLap and the shingles on the roof are an Architectural 130 MPH Certainteed. Both items will uphold in extreme weather. Water lines are in for individual lot irrigation systems. There will be a small annual fee for those homes who wish to opt in. No tax information right now, as this is new construction both land and home. 1 year builders limited home warranty upon purchase & closing of home. Per C&R- No Horses

3507 High Noon, Shepherd
3418 High Noon, Shepherd
$389,000
3 Beds ⋅ 2 Baths ⋅ 360940 MLS
Beautiful and sunny open layout new construction 2025, cozy 3 bed/2 bath home, has all your needs and wants. Primary bed suite, copious amount of cabinets & an kitchen island for carefree entertaining with sliding doors to a covered patio. Views as far as the eyes can see. With over 1.5 acres plenty of privacy and fun. Both siding & shingles have been upgraded: siding is a SmartLap and the shingles on the roof are an Architectural 130 MPH Certainteed. Both items will uphold in extreme weather. Water lines are in for individual lot irrigation systems. There will be a small annual fee for those homes who wish to opt in. No tax information right now, as this is new construction both land and home. 1 year builders limited home warranty upon purchase & closing of home. Per C&R- No Horses

3418 High Noon, Shepherd
5524 Haynes Road, Shepherd
$384,900
3 Beds ⋅ 1 Baths ⋅ 360715 MLS
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!

5524 Haynes Road, Shepherd
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