Lockwood vs Shepherd

A side-by-side comparison of Lockwood and Shepherd: population, income, housing, and more.

Lockwood and Shepherd are places in Montana. This page compares them across population, income, housing, education, commuting, and how each has changed since 2019.

Lockwood has the higher population (7,474 vs 613 in Shepherd). Lockwood has the higher median home value ($250,900 vs $179,700 in Shepherd). Since 2019, Lockwood's population has grown faster (-7.3% vs -31.5%).

Population, income & housing

	Lockwood	Shepherd
Population	7,474	613
Median age	36.1 yrs	47.1 yrs
Median household income	$74,451	—
Median home value	$250,900	$179,700
Median gross rent	$995	—
Housing units	2,871	261
Homeownership rate	78.7%	94.3%
Bachelor's degree or higher	14.7%	26.2%
Unemployment rate	4.2%	3.4%

Trends (ACS 5-year, 2019–2023)

	Lockwood	Shepherd
Population	8,066 → 7,474 (-7.3%)	895 → 613 (-31.5%)
Median household income	$57,542 → $74,451 (+29.4%)	$111,250 → $125,179 (+12.5%)
Median home value	$195,900 → $250,900 (+28.1%)	$245,800 → $179,700 (-26.9%)
Median gross rent	$895 → $995 (+11.2%)	—

Lockwood

Population

8,0667,474

Median household income

$57,542$74,451

Median home value

$195,900$250,900

Median gross rent

$895$995

Shepherd

Population

895613

Median household income

$111,250$125,179

Median home value

$245,800$179,700

Age & race/ethnicity

Age distribution (share)

	Lockwood	Shepherd
Under 5	6.4%	6.4%
5 to 17	16.4%	19.4%
18 to 24	7.4%	8.8%
25 to 34	17.6%	5.1%
35 to 44	10.8%	8.6%
45 to 54	15.2%	31.5%
55 to 64	10.8%	10.3%
65 to 74	10.4%	7.2%
75 and over	5.1%	2.8%

Race & ethnicity (share)

	Lockwood	Shepherd
White (non-Hispanic)	81.6%	100.0%
Black or African American	0.0%	0.0%
American Indian & Alaska Native	3.6%	0.0%
Asian	0.0%	0.0%
Native Hawaiian & Pacific Islander	0.0%	0.0%
Some other race	0.0%	0.0%
Two or more races	6.7%	0.0%
Hispanic or Latino	8.0%	0.0%

Educational attainment (age 25+)

Share of adults 25+

	Lockwood	Shepherd
No high school diploma	8.8%	5.0%
High school graduate	42.9%	26.4%
Some college or associate's	33.6%	42.4%
Bachelor's degree	11.6%	16.2%
Graduate or professional degree	3.1%	10.0%

Commute to work

How workers get to work (share)

	Lockwood	Shepherd
Drove alone	79.2%	82.4%
Carpooled	12.5%	0.0%
Public transit	0.0%	0.0%
Walked	0.8%	0.0%
Bicycle	0.0%	0.0%
Worked from home	6.9%	17.6%
Other means	0.6%	0.0%

Housing

Units in structure (share)

	Lockwood	Shepherd
1-unit, detached	60.7%	50.2%
1-unit, attached	0.0%	0.0%
2 to 4 units	1.4%	0.0%
5 to 19 units	0.0%	0.0%
20 or more units	0.0%	0.0%
Mobile home & other	38.0%	49.8%

Poverty & households

	Lockwood	Shepherd
Poverty rate	14.4%	9.3%
Average household size	2.72	2.35
Mean commute (minutes)	22	28
Median year structure built	1982	1988