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    Shepherd, MT Land for Sale

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    34 properties
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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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    Cleared Level Development Land Lot
    Updated: Jul 9
    Cleared Level Development Land Lot

    0 Shepherd Road Lot 2A Shepherd Road, Shepherd, MT 59079

    $75,500
    1.53 AC lot
    Level and cleared lot, suitable for building.
    Potential for a Barndominium or trailer.
    Nice views.
    Good farm ground surrounds the lot.
    Several wells in the area (see attachments).
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    Residential Land Parcel with Views
    Residential Land Parcel with Views

    Stonehouse Road (Parcel 59), Shepherd, MT 59079

    $155,000
    20.20 AC lot

    20.2-acre homesite with on-site utilities and a scenic coulee for a private country build near Billings.

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    Ranch Land with Private Fishing Lake
    Ranch Land with Private Fishing Lake

    10052 Floating Island Way, Shepherd, MT 59079

    $3,900,000
    6,071 sqft

    Ranch property includes a custom timbered home and a private 7-acre fishing lake with maintenance-free floating islands.

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    Agricultural Land Tract with Water Supply
    Agricultural Land Tract with Water Supply

    13401 Hoskins Basin Rd, Shepherd, MT 59079

    $471,000
    157.00 AC lot

    157-acre tract with a natural spring, producing wells, and utilities work planned to support ranching or future development.

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    Land Ready For Horses
    Land Ready For Horses

    7445 Horsemans Way, Shepherd, MT 59079

    $65,000
    2.40 AC lot

    Land suitable for horses with room for a shop.

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    Shepherd, MT Land Opportunity
    Shepherd, MT Land Opportunity

    3863 Glenn Edward Road lot: 22, Shepherd, MT 59067

    $74,900
    2.35 AC lot

    Large lot in Shepherd, MT, modular homes allowed.

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

    0 Shepherd Road Lot 2 B Shepherd Road lot: 2B, Shepherd, MT 59079

    $76,500
    1.60 AC lot

    1.599 acre lot near Yellowstone River.

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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

    L2B1 High Noon Drive, Shepherd, MT 59079

    $65,900
    1.34 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 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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    Spacious Land in Shepherd, MT
    Spacious Land in Shepherd, MT

    L3B2 High Noon Drive, Shepherd, MT 59079

    $65,900
    1.51 AC lot

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

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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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    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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    Shepherd, MT Land Market Trends and Statistics

    Explore 35 land for sale in Shepherd, MT, showcased through 34 active listings on our real estate platform. These investment opportunities span a total of 6,071 square feet of properties for sale, with an estimated market value of $3,900,000.

    Sale prices for lots in Shepherd, MT start at $3,900,000, averaging $3,900,000, and reaching up to $3,900,000 — 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 28
    Agricultural land / Farmland 4
    Hunting land 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
    Rapelje $74.9K
    Shepherd $89.1K

    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)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Yellowstone County

    Residential Income

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    Most Searched ZIP Codes in Shepherd, MT

    • 59079
    • 59067

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