Shepherd is a census-designated place in Yellowstone County, Montana, United States. The population was 193 at the 2000 census. Shepherd is a Billings suburb located to the northeast. The unincorporated town was named after R.E. Shepherd, a prominent early settler and owner of the Billings Land and Irrigation Company and the Merchants National Bank.Shepherd is located at 45°56′36″N 108°20′41″W / 45.94333°N 108.34472°W / 45.94333; -108.34472.According to the United States Census Bureau, the CDP has a total area of 1.1 square miles, all of it land.As of the census of 2000, there were 193 people, 71 households, and 51 families residing in the CDP. The population density was 181.0 people per square mile. There were 79 housing units at an average density of 74.1 per square mile. The racial makeup of the CDP was 94.30% White, 4.15% Native American, and 1.55% from two or more races. Hispanic or Latino of any race were 0.52% of the population.There were 71 households out of which 39.