Shepherd CDP Montana Area Home Supply Charts

This page looks at a variety of Shepherd CDP Montana housing market data taken from the most recent 2022 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Shepherd CDP indicates it has a Housing Units of 276 which is the third most housing units of all other places in the greater Shepherd CDP region.

Figure 2 illustrates the housing density in the Shepherd CDP housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Shepherd CDP depicts it has a Housing Density of 124.1 which is the second smallest when ranked by housing density of all the other places in the metro area. The place with the highest housing density in the area is Billings which shows a density of 1199.9 ( substantially bigger). Comparing housing density to the United States average of 39.5, Shepherd CDP is approximately 3.1 times bigger. Also, compared to the state of Montana, housing density of 3.5, Shepherd CDP is markedly bigger.

In Figure 4, Shepherd CDP area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Shepherd CDP depicts it has a Housing Unit Change of 36.0% which is the second most housing units of all the places in the greater Shepherd CDP region. The place with the highest change in the housing units in the area is Ballantine CDP which shows a housing units of 65.2% (about twice as large). Comparing change in the housing units to the United States average of 7.4%, Shepherd CDP is approximately 4.9 times bigger. Also, measured against the state of Montana, change in the housing units of 6.2%, Shepherd CDP is substantially bigger.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Shepherd CDP depicts it has a Renter Percent of 3.6% which is the smallest in terms of renter percent of all the other places in the local area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 96.4% which is the highest of all places in the greater Shepherd CDP region.

Shepherd CDP Montana Home Cost Charts

Looking at the housing data provided in Figure 7, the average Shepherd CDP home price is illustrated for this community and a useful analysis of affordable housing. Shepherd CDP depicts it has a Median Home Value of $160,300 which is less than most other places in the area. The place with the highest median home price in the area is Billings which depicts a home price of $248,800 (55.2% larger).

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Shepherd CDP has the largest proportion of home price worth less than $50,000 at 32% of the total and is ranked #1. Second, it has the second smallest as measured by home price worth less than $50,000 of all the other places in the greater region in terms of home price worth between $50,000 to $100,000 at 8% of the total. Third, it has the second smallest when ranked by home price worth less than $50,000 of all the other places in the metropolitan area when sorted by home price worth between $100,000 to $200,000 at 23% of the total. Also, it has the largest proportion of home price worth between $200,000 to $300,000 at 22% of the total and is ranked #1.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Shepherd CDP shows it has a Median Owner Cost of $771 which is less than most other places in the greater region. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Shepherd CDP metro area. it has a Owner Cost as % of HH Income of 10% which is the smallest when ranked by cost as a percent of household income of all the other places in the surrounding region.

The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Shepherd CDP shows it has a Median Home Value as Percent of Median Earnings of 265% which is the smallest in terms of median home value as a percent of median worker earnings of all the other places in the greater region.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Shepherd CDP depicts it has a Median Owner Costs-With Mortgage of $1,689 which is the highest of all places in the greater Shepherd CDP region. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $482 which is in the center range of other places in the metro area.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Shepherd CDP has the percentage of owner cost less than $300 less than most other places in the local area at 11% of the total. Second, it has the second smallest in order of owner cost less than $300 of all the other places in the local area as measured by owner cost between $300 and $500 at 3% of the total. Third, it has one of the largest proportions of owner cost between $500 and $700 at 24% of the total and is ranked #2. The only larger place being Worden CDP with 32%. Also, it has the second smallest when ranked by owner cost less than $300 of all the other places in the local area in order of owner cost between $700 and $1,000 at 7% of the total. In addition, it has one of the largest proportions of owner cost between $1,000 and $1,500 at 21% of the total and is ranked #2. The only larger place being Huntley CDP with 38%.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Shepherd CDP depicts it has a % of Income Owner Costs-With Mortgage of 13% which is the second smallest in terms of cost as a percent of household income of all the other places in the area. The place with the highest cost as a percent of household income in the area is Broadview which depicts a cost as a percent of household income of 24% (about twice as large). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Shepherd CDP shows it has a % of Income Owner Costs-No Mortgage of 9% which is less than most other places in the greater region. The place with the highest cost as a percent of household income in the area is Worden CDP which depicts a cost as a percent of household income of 51% ( considerably bigger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Shepherd CDP has the largest proportion of rent as a percent of income is between 40pct to 50pct at 100% of the total and is ranked #1.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Shepherd CDP has the largest proportion of housing cost less than $300 at 26% of the total and is ranked #1.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $1,284 which is less than most other places in the greater region. The place with the highest median real estate taxes paid in the area is Ballantine CDP which depicts a taxes paid of $3,140 (approximately 2.4 times bigger). Comparing median real estate taxes paid to the United States average of $2,690, Shepherd CDP is approximately half the size. Also, measured against the state of Montana, median real estate taxes paid of $2,189, Shepherd CDP is approximately half the size.

Figure 22 shows the percentage of renters who pay for utilities in Shepherd CDP Montana. This is calculated as the percent of renters who pay separately for utilities versus the people who have utilities included as part of amenities. Shepherd CDP has the largest proportion of pay extra for utilities at 100% of the total and is ranked #1.

Figure 23 shows the rental rate distribution for this area. Shepherd CDP Montana has the largest proportion of rent between 750 and 1000 dollars at 100% of the total and is ranked #1.

Shepherd CDP Montana Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Shepherd CDP has the percentage of With mortgage the second smallest in order of With Mortgage of all the other places in the metro area at 40% of the total. Second, it has the largest proportion of Primary Mortgage with 2nd Mortgage and HELOC at 5% of the total and is ranked #1. Third, it has one of the largest proportions of With HELOC no Primary Mortgage at 55% of the total and is ranked #2. The only larger place being Ballantine CDP with 89%.

Figure 26 shows the proportion of houses with a mortgage versus those without a mortgage. Shepherd CDP has one of the largest proportions of houses with mortgages at 55% of the total and is ranked #2. The only larger place being Ballantine CDP with 89%.

Shepherd CDP Montana Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 3.7 which is the highest of all places in the greater Shepherd CDP region. Comparing family members per housing unit to the United States average of 3.3, Shepherd CDP is 13.0% larger. Also, benchmarked against the state of Montana, family members per housing unit of 3.1, Shepherd CDP is 20.0% larger.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 5.8 which is in the mid range of other places in the local area. The place with the highest average number of rooms in a house in the area is Lockwood CDP which depicts an average number of rooms in a house of 6.0 (only about 3.4% larger). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1985 which is in the mid range of other places in the local area. The place with the highest year built in the area is Huntley CDP which shows a year built of 2010 ( only slightly larger).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. has the percentage of homes built in 2020 or later less than most other places in the local area at 4% of the total. Second, it has the largest proportion of homes built between 2000 to 2009 at 34% of the total and is ranked #1. Third, it has one of the largest proportions of homes built between 1990 to 1999 at 24% of the total and is ranked #2. The only larger place being Broadview with 26%. Also, it has the largest proportion of homes built between 1980 to 1989 at 32% of the total and is ranked #1.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. has the smallest proportion of owner housing units at 10 of the total.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. it has the largest proportion of 50 or more units at 53% of the total and is ranked #1.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. it has one of the largest proportions of value of homes built 1980 to 1989 at $157,400 of the total and is ranked #3. Only #2 Lockwood CDP ($189,300), and #1 Billings ($243,800) are larger.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Shepherd CDP residents. it has a Owner-Household Size of 3.0 which is the second most of all the places in the surrounding region. The place with the highest homeowner household size in the area is Worden CDP which depicts a homeowner household size of 3.5 (16.7% larger).

Figure 37 shows the household size for renters. Shepherd CDP depicts it has a Renter-Household Size of 2.6 which is the second most of all the places in the metro area. The place with the highest renter household size in the area is Huntley CDP which depicts a renter household sizes of 2.8 (8.5% larger). Figure 38 shows the year that people who own homes moved into this region. has the smallest proportion of owners moved in 2019 or later at 6% of the total. Second, it has one of the largest proportions of owners moved in 2015 to 2018 at 16% of the total and is ranked #3. Only #2 Lockwood CDP (16%), and #1 Billings (21%) are larger. Third, it has less than most other places in the local area when sorted by owners moved in 2010 to 2014 at 17% of the total. Also, it has the largest proportion of owners moved in 2000 to 2009 at 19% of the total and is ranked #1. In addition, it has the largest proportion of owners moved in 1990 to 1999 at 43% of the total and is ranked #1. Figure 39 shows the year that people who rent moved into the area. Shepherd CDP has the largest proportion of renters moved in 2019 or later at 100% of the total and is ranked #1.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 1997 which is the second smallest in order of median year that a home owner moved in of all the other places in the greater region.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. it has one of the largest proportions of homes using natural gas at 68% of the total and is ranked #3. Only #2 Ballantine CDP (77%), and #1 Huntley CDP (86%) are larger. Second, it has the second smallest when ranked by homes using natural gas of all the other places in the metro area as measured by home using bottled, tank, or lp gas at 11% of the total. Third, it has the largest proportion of homes using coal or coke at 18% of the total and is ranked #1. Also, it has one of the largest proportions of homes using solar energy at 2% of the total and is ranked #3. Only #2 Worden CDP (4%), and #1 Broadview (14%) are larger.