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    Shepherd, MT
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    Shepherd, MT Land for Sale

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    26 properties
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    Irrigated Farmland
    Updated: Sep 27
    Irrigated Farmland

    Shepherd Road, Shepherd, MT 59079

    $1,200,000
    72.77 AC lot
    72.77 acres of irrigated farmland
    Paved access along two sides
    Approximately 9 miles from Billings
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    Montana Land Near Billings
    Updated: Jan 21
    Montana Land Near Billings

    9055 Doyle Road, Shepherd, MT 59079

    $150,000
    20.27 AC lot
    20.27 (+/-) acre Montana sanctuary offers space and privacy.
    Conveniently located just 15 minutes from Billings with easy highway access.
    Perimeter‑fenced lot with Big Sky views.
    Power readily available at the street.
    Suitable for a custom‑built home or potentially a manufactured/modular home.
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    Land in Shepherd, Montana
    Land in Shepherd, Montana

    L12B3 Molly Drive, Shepherd, MT 59079

    $65,900
    1.43 AC lot

    Residential land for sale in Shepherd's premier new development.

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    Land
    Land

    L13B3 Molly Drive, Shepherd, MT 59079

    $65,900

    Land

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    Land in Shepherd New Development
    Land in Shepherd New Development

    L13B3 Molly Drive, Shepherd, MT 59079

    $65,900
    1.43 AC lot

    Land for sale in Shepherd's premier new development, 1.43 acres.

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    Land in Shepherd, Montana
    Land in Shepherd, Montana

    L2B3 Molly Drive W, Shepherd, MT 59079

    $65,900
    1.67 AC lot

    Residential land for sale in Shepherd's premier new development.

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    Land in Shepherd, Montana
    Land in Shepherd, Montana

    L1B3 Molly Drive W, Shepherd, MT 59079

    $69,900
    2.27 AC lot

    Residential land for sale in Shepherd's premier new development.

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    Land in Shepherd, Montana
    Land in Shepherd, Montana

    L3B1 High Noon Drive, Shepherd, MT 59079

    $65,900
    1.33 AC lot

    Residential land for sale in Shepherd's premier new development.

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    Land in Shepherd, Montana
    Land in Shepherd, Montana

    L2B4 True Grit Street, Shepherd, MT 59079

    $69,900
    1.47 AC lot

    Residential land for sale in Shepherd's new premier development.

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    Montana Grassland and Sagebrush Land
    Montana Grassland and Sagebrush Land

    NHN Lindstrom Road, Shepherd, MT 59079

    $89,900
    80.00 AC lot

    80 acres of grassland near Billings, Montana, with development potential.

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    80 Acres of Montana Grassland
    80 Acres of Montana Grassland

    NHN Lindstrom Road, Shepherd, MT 59079

    $89,900
    80.00 AC lot

    80 acres of Montana grassland near Billings with development potential.

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    Shepherd, MT Land For Sale
    Shepherd, MT Land For Sale

    L8B3 High Noon Drive, Shepherd, MT 59079

    $65,900
    1.45 AC lot

    Land for sale in Shepherd's Premier New Development!

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    Land in Shepherd, Montana
    Land in Shepherd, Montana

    L11B3 High Noon Drive, Shepherd, MT 59079

    $65,900
    1.47 AC lot

    1.47 acre lot in Shepherd's premier new development.

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    Land in X Cross Range
    Land in X Cross Range

    L10B3 High Noon Drive, Shepherd, MT 59079

    $65,900
    1.47 AC lot

    1.47 acre lot in Shepherd's new premier development.

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    Land in Shepherd, Montana
    Land in Shepherd, Montana

    L8B2 High Noon Drive, Shepherd, MT 59079

    $65,900
    1.52 AC lot

    1.5+ acre lots in Shepherd's premier new development!

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    Shepherd, MT Grassland Acreage
    Shepherd, MT Grassland Acreage

    Lindstrom Road, Shepherd, MT 59079

    $89,900
    80.00 AC lot

    80 acres of Montana grassland, 20 miles from Billings.

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    Land in Shepherd, Montana
    Land in Shepherd, Montana

    L4B4 Trumbo Circle, Shepherd, MT 59079

    $69,900
    1.66 AC lot

    1.66 acre land for sale in Shepherd, Montana.

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    Land in Shepherd, Montana
    Land in Shepherd, Montana

    L12B2 High Noon Drive, Shepherd, MT 59079

    $65,900
    1.46 AC lot

    Residential land for sale in Shepherd's new premier development.

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    Shepherd, MT Land For Sale
    Shepherd, MT Land For Sale

    L6B3 High Noon Drive, Shepherd, MT 59079

    $65,900
    1.50 AC lot

    1.5+ acre lots in Shepherd's premier new development!

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    Land in Shepherd, Montana
    Land in Shepherd, Montana

    L15B3 True Grit Street, Shepherd, MT 59079

    $69,900
    1.48 AC lot

    Residential land for sale in new Shepherd development with expansive views.

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    Shepherd, MT Land For Sale
    Shepherd, MT Land For Sale

    L6B2 High Noon Drive, Shepherd, MT 59079

    $65,900
    1.49 AC lot

    Land for sale in Shepherd's Premier New Development!

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    Land in Shepherd, Montana
    Land in Shepherd, Montana

    L5B4 Trumbo Circle, Shepherd, MT 59079

    $69,900
    1.61 AC lot

    1.61 acre lot in new Shepherd development near Billings.

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    Shepherd, MT Land For Sale
    Shepherd, MT Land For Sale

    L13B2 High Noon Drive, Shepherd, MT 59079

    $65,900
    1.61 AC lot

    Residential land in Shepherd, MT, with expansive views.

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    Land in Shepherd, Montana
    Land in Shepherd, Montana

    L11B2 Rio Lobo Circle, Shepherd, MT 59079

    $65,900
    2.03 AC lot

    Residential land for sale in Shepherd's premier new development.

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    Shepherd, MT Land Market Trends and Statistics

    Explore 27 land for sale in Shepherd, MT, showcased through 26 active listings on our real estate platform. These investment opportunities span a total of 19,288,368 square feet of properties for sale, with an estimated market value of $3,051,600.

    Sale prices for lots in Shepherd, MT start at $65,900, averaging $117,369, and reaching up to $1,200,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Residential land & home lots 25
    Agricultural land / Farmland 1

    Demographics Overview

    Population 3,893
    Population Growth (5Y) +17.0%
    Median Household Income $65,851
    College Educated 30.6%

    High-Yield Neighborhoods for Investment

    Identify Shepherd submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    59079 $117.4K

    Taxes & Financing

    Tax Rate (average for all types) 1.11%
    Property Tax per SF $42.08 per SF
    Tax Rate vs County Average 0.04 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Yellowstone County

    New Delisted

    Total CRE Inventory on Market (SF)

    How Realmo verifies these figures

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