Shepherd Homes under $750,000

Shepherd Homes under $750,000

Welcome to Shepherd, Montana – a hidden gem nestled in the heart of Yellowstone County. This charming town, with its picturesque landscapes and friendly community, offers a unique blend of rural tranquility and modern convenience. Shepherd is ideally situated just a short drive from the bustling city of Billings, making it the perfect location for those who appreciate the serenity of small-town living while still having access to urban amenities.

One of the most enticing aspects of Shepherd is its diverse real estate market, particularly for homes under $750,000. Whether you’re a first-time homebuyer, looking to downsize, or seeking a family-friendly abode, you’ll find a variety of options that cater to your needs. From cozy single-family homes with sprawling yards to contemporary properties with stunning views of the surrounding mountains, Shepherd offers something for everyone.

The community is known for its warm hospitality and strong sense of belonging. Residents enjoy access to excellent schools, local parks, and a range of recreational activities, including hiking, fishing, and horseback riding. The annual events and local festivals foster a tight-knit community spirit, making it easy to form lasting friendships.

Investing in a home in Shepherd means embracing a lifestyle that balances the beauty of nature with the comforts of modern living. With homes available under $750,000, you can find your dream property in this idyllic town without breaking the bank. Explore the possibilities in Shepherd, Montana, and discover the perfect place to call home.

Newest Shepherd Homes under $750,000

6923 Pony Circle, Shepherd
$539,900
4 Beds ⋅ 3 Baths ⋅ 362405 MLS
Enjoy the peace and beauty of country living on 5.3 acres with Crooked Creek winding through the property! Bring your horses and enjoy the wide-open spaces, scenic surroundings, and room to make this property your own. This 4-bedroom, 3-bath home offers a versatile floor plan, including a basement mother-in-law suite featuring a second kitchen, living area, wood-burning stove, bathroom, and bedroom with a non-egress window—ideal for multigenerational living or extended family. Irrigation rights add to the property's appeal and possibilities. Whether you're enjoying the peaceful sounds of the creek or taking in the beautiful country setting, this property offers a wonderful opportunity to enjoy rural living just a short drive from Billings.

6923 Pony Circle, Shepherd
3705 Yeoman, Shepherd
$535,000
3 Beds ⋅ 2 Baths ⋅ 362173 MLS
Country living with room to spread out in Shepherd! This 3-bedroom, 2.5-bath home sits on 3.591 acres with irrigation rights, fenced pastures, and a setup ready for horses or other livestock. Built in 2004, the home offers a practical blend of comfort and functionality with hardwood laminate and tile flooring throughout. The vaulted living room features built-in bookshelves and a gas fireplace, creating a welcoming gathering space. The kitchen includes a convenient pantry and flows into the dining area, while the separate office provides flexibility for work, hobbies, or household needs. Outside, the acreage really shines with fenced pastures and a horse barn complete with tack room. A spacious 3-car garage provides plenty of room for vehicles, equipment, and storage. If you're looking for a manageable piece of Montana acreage where you can enjoy country living, keep horses, and still have the convenience of being close to Shepherd and Billings, 3705 Yeoman Rd deserves a look.

3705 Yeoman, Shepherd
5731 Shepherd Road, Shepherd
$650,000
3 Beds ⋅ 2 Baths ⋅ 362162 MLS
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.

5731 Shepherd Road, Shepherd
7420 Whitetail Run, Shepherd
$499,999
4 Beds ⋅ 3 Baths ⋅ 362155 MLS
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.

7420 Whitetail Run, Shepherd
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
6707 Brave Lookout, Shepherd
$419,000
4 Beds ⋅ 2 Baths ⋅ 361533 MLS
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.

6707 Brave Lookout, Shepherd
9322 12 Mile Road, Shepherd
$649,900
5 Beds ⋅ 3 Baths ⋅ 361401 MLS
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.

9322 12 Mile Road, 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
7851 Spear Drive, Shepherd
$479,000
4 Beds ⋅ 3 Baths ⋅ 360363 MLS
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!

7851 Spear Drive, Shepherd
8730 Razor Creek Drive, Shepherd
$550,000
3 Beds ⋅ 3 Baths ⋅ 359887 MLS
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.

8730 Razor Creek Drive, Shepherd
Start Your Search

How much is your home worth?

Get instant property value now!