Mustang Horse Prices in 2024: Purchase Cost, Supplies, Food, and More!

Written by Erin Cafferty
Updated: November 1, 2023
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So, you want to know how much a Mustang horse costs in 2024? It’s essential to think about it from every angle — from the initial purchase cost to supplies, equipment, and food.

Read on to learn about Mustang horse prices in 2024 and the true cost of owning a Mustang horse.

What Is a Mustang Horse?

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Mustang horses roam in herds across the western North American plains.

©Adventure_Images/Shutterstock.com

“Mustang” is a term used to describe the wild or feral horses that roam across western North America. They weren’t always wild, though! Mustangs were originally domesticated horses brought over by the Spanish in the 1500s who escaped and have been roaming wild ever since.

Today, Mustangs are a cross between many different horse breeds, as the original Spanish Mustangs ended up breeding with domesticated horses in the United States.

Wild Mustang horses still exist, but since 2000, many have been rounded up and adopted by people like you who want to buy them!

Can You Own a Mustang Horse?

Assateague Island National Seashore

It is possible to buy and own Mustang horses in 2024!

©Vicky Faye Aquino/Shutterstock.com

So, can you own a Mustang horse? Buying a Mustang horse in 2024 is possible, but they will likely be “green” — not broken under saddle, untrained.

The good news is that they can be trained to carry a rider, compete at high levels, or be used as companion animals (especially since horses are herd animals).

Are Mustang Horses Good for Beginners?

wild horse in the morning

An untrained Mustang horse is unsuitable for beginners and must be properly trained first.

©Olga_i/Shutterstock.com

Mustang horses adopted directly from the wild are not recommended for beginners. They are feral horses who can be dangerous before they are properly trained.

Mustang horses are unsuitable for beginners unless trained by a professional; even then, caution is highly advised.

Where to Buy a Mustang Horse

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True wild Mustang horses are rounded up by the BLM every year and put up for adoption.

©iStock.com/jeannehatch

You can find Mustang horses for sale across the United States. The most popular places to buy Mustang horses are horse auctions, adoption events, private owners, and reputable trainers.

At a BLM Wild Horse Adoption Event

The Bureau of Land Management (BLM) hosts hundreds of wild horse adoption events annually across the county where you can adopt a Mustang horse. These are wild horses they gathered in a recent round-up, so the Mustangs you buy are often untrained. However, some are broke enough to ride immediately if you’re willing to pay extra.

From a Private Owner

Mustang horse owners often advertise on the Internet in forums or Facebook Groups. Sometimes, these horses have been trained and are ridable, but don’t count on it. You could always get lucky, but this is not the best way to buy a Mustang horse because not all sellers are honest.

Through a Reputable Trainer or Breeder

If you want to ensure you’re not taken advantage of when you spend your hard-earned money on a Mustang horse, go through a reputable trainer or breeder. They will have pedigree and health records available, which is important to look over before you purchase any animal. Be aware that buying a horse from a reputable breeder will come with a higher price tag at the cost of knowing precisely what you’re getting.

Mustang Horse Prices in 2024: How Much Does a Mustang Horse Cost?

Adopting a wild Mustang is surprisingly cheap. Purchasing a privately owned, trained one averages around $5,000.

If you attend a BLM-sanctioned wild Mustang horse adoption event, it is $25 to buy an untrained horse and a minimum of $125 to buy a gentled or trained Mustang horse.

Are you surprised by the prices of unbroke Mustang horses in 2024? Well, it’s not always that cheap.

If you go through a private owner or trainer, you could pay hundreds to thousands of dollars for a Mustang horse.

That’s because these horses might have undergone more training, had experience in a specific discipline like eventing, or had records like their pedigree. Sometimes, these Mustang horses are not true wild horses.

How Much Does a Mustang Horse Cost Per Month?

The cost per month to own a Mustang horse depends on a variety of factors:

  • Whether the horse lives outside or in a stall
  • How healthy they are or if they struggle with chronic issues
  • How often your vet and farrier come out
  • What type of feed and hay they eat
  • Whether you use sawdust and what kind you choose
  • If you plan to compete, the competition, equipment, and trailering fees
  • Whether they need training or you need lessons

As you can see, there is much to consider regarding the price. Let’s review each factor individually to break down how much a Mustang horse costs per month and what that adds to in a year.

How Much Does a Mustang Horse Cost Per Year?

Beautiful little mahogany bay horse peeking out from her stall barn door on a sunny day on a South Carolina equestrian ranch.

Mustang horses can be stall or field-boarded, depending on your preference and budget.

©Jewelzz/Shutterstock.com

The average cost to own a Mustang horse annually is between $3,000-$8,000. It varies wildly based on your location, the quality of the supplies and equipment you buy, where you board your horse, and other considerations we will discuss below.

Housing Costs

Keeping your Mustang horse at your facility keeps costs lower than if you board at a local farm. If you decide to keep your horse off-site, you must determine the type of boarding — stall or field/paddock — and level of care — self or full-service.

Type of Boarding

Stall boarding typically costs over $800 a month, depending on your location, while field/paddock boarding is lower, about half the price. If you’re buying a wild horse, field/paddock boarding is the way to go since it resembles their past environment, and they might be afraid of the stall.

Sometimes, barns will have an option for hybrid boarding. You can decide whether you want your horse to be inside or outside for most of the day, but they will do both.

Level of Care

If you go with self-care boarding at a local barn, you are responsible for your horses’ feedings, stall cleanings, and more. The full-service option is excellent if you want the barn manager to take care of those responsibilities so you can focus on riding and getting to know your Mustang Horse. The prices vary per barn, so ask around!

Vet Bills

Typically, you should schedule a vet appointment for your Mustang horse once a year. As they get older, more frequent visits might be needed. However, any horse owner will tell you they see their vet closer to 4 times a year because horses are both incredibly majestic and injury-prone animals.

A vet appointment costs around $50-250 per visit, not including medications, supplements, or additional treatments. The vet will visit your farm to examine your horse in their environment. If your Mustang horse needs to be transported to an equine hospital, that can get even more expensive.

Farrier Fees

Even if your Mustang horse doesn’t wear horseshoes, you must schedule an appointment with a farrier every 4-6 weeks. That’s because, like humans, horses’ hooves grow and need to be trimmed regularly.

This routine service will set you back between $50-$150 each time. If you stick to the recommended schedule, farrier costs are between $450-$750 yearly.

Feed Prices

Your area’s hay and grain prices and the type of feed you provide your Mustang horse will determine how much it costs per year.

However, the average 1,1000 lbs horse consumes 2% of its body weight daily in hay. Add on the cost of grain (if you buy that), and your yearly price is over $1,000 just for feed.

Supply Costs

What does “supply costs” mean when it comes to horses? This takes into consideration all the extra supplies your Mustang horse may need, such as:

  • Sawdust for their stall
  • Fly spray
  • Toys to keep them entertained
  • Blankets for the colder months
  • Hoof picks
  • Brushes
  • And more!

All of this is available at your local equestrian supply store or online. Prices vary depending on the quality and size.

Show Fees

Owning a Mustang horse can get expensive if you compete in shows. From local to A-rated shows, each class has an entry fee. You also have to think about whether you already have a trailer to get your horse to and from the show or if you have to buy one. Then there’s gas for the trailer, trainer fees, and special equipment costs, which vary widely in price.

Equipment Costs

Since prices vary so much, let’s discuss the type of equipment you might need for your Mustang horse and the average cost.

If you want to ride your Mustang horse, you need a well-fitted saddle and pad, the appropriate bit and bridle, a quality helmet, and proper riding boots. Saddles range from a few hundred to a few thousand dollars, while bridles are closer to the $250-$500 range.

If you want to compete with your Mustang horse, you need proper competition attire. This will depend entirely on the type of event you’re competing in — from barrel racing to dressage.

Usually, riding gloves, a jacket, and knee-length riding boots are required for English disciplines, while a cowboy hat, cowboy boots, and a fresh pair of blue jeans are all you need to enter a rodeo.

Training Fees

The yearly cost of owning a Mustang horse will also depend on whether you hire a professional trainer or riding instructor. If the horse is entirely feral, you might need to send it off to a trainer to be broke. If the horse is ridable, you might need consistent lessons to help you reach your goals.

A professional trainer will cost around $2,000 to break your Mustang horse so that you can ride them.

If you hire a riding instructor, they will come out between 1-4 times a month to teach you how to become a better rider, costing you between $25-150 per lesson, depending on the level of instruction.

What Is the Most Expensive Part of Owning a Mustang Horse?

Cowboy riding a bucking bronc at a country rodeo Australia

Mustang horses need to be trained if you want to ride them.

©Jackson Stock Photography/Shutterstock.com

When owning a Mustang horse specifically, the most expensive part is paying for professional trainers. You probably want to buy one to ride it, and many Mustangs are untrained.

The other most expensive part of owning a Mustang horse is the upkeep. Horses aren’t cheap. They eat a lot, are prone to injury, and can live up to 30 years old. This is something to consider before adopting or buying a Mustang horse.

The True Cost of a Mustang Horse

horse being brushed by owner

Horses require routine care, which can add up quickly.

©Tanja Esser/Shutterstock.com

Now you know that even though the purchase price of a Mustang horse in 2024 is relatively cheap, the training and routine care required to own one is not.

However, the bond you create with your new horse is priceless!

Make sure you do your research before you decide to adopt or buy. The right horse is out there for you… and it might just be a Mustang horse!

The photo featured at the top of this post is © BHamms/Shutterstock.com


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About the Author

Erin Cafferty is a writer at A-Z Animals where her primary focus is on horses, mountains, and parks. Erin holds a Master’s Degree from Radford University, which she earned in 2018. A resident of Virginia, Erin enjoys hiking with her dog, visiting local farmer's markets, and reading while her cat lays on her lap.

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