How Much Does a Miniature Horse Cost? Price Guide [2026]

Miniature horses pack all the charm of a full-sized horse into a tiny package. These adorable equines make wonderful companions, therapy animals, and pets. But how much does a miniature horse cost?

Quick Answer: Miniature Horse Prices

Understanding Miniature Horses

Size Requirements

• AMHA (American Miniature Horse Association): 34 inches or under
• AMHR (American Miniature Horse Registry): Two divisions—34″ and under, 34-38″
• Measured at the last mane hair

They’re Horses, Not Ponies

• Bred to look like miniature versions of full-sized horses
• Proportioned like horses, not stocky like ponies
• Refined head, correct horse proportions

What Miniature Horses Are Used For

Companion Animals

• Backyard pets
• Companion to full-sized horses
• Family pets (can be house-trained!)

Therapy Work

• Hospital visits
• Nursing home therapy
• School programs
• Guide animals for visually impaired

Driving

• Cart driving
• Driving shows
• Obstacle driving

Showing

• Halter classes
• Driving classes
• Jumping (in-hand)
• Costume classes

Factors Affecting Price

1. Size

• Smaller minis often more valuable
• Under 30″ = premium
• “Oversized” minis (over 34″) = lower prices

2. Conformation

• Correct proportions = higher value
• Refined, horse-like appearance desired
• Good leg structure essential

3. Training

• Untrained: $500 – $2,000
• Halter broke: $1,000 – $3,000
• Driving trained: $3,000 – $10,000
• Show trained: $5,000 – $25,000+

4. Color

• Pinto patterns often popular
• Appaloosa patterns sought after
• Unique colors can command premiums

Mini Horse Prices by Purpose

Pet/Companion

• Basic pet: $500 – $2,000
• Quality companion: $1,500 – $4,000

Therapy Work

• Prospect: $1,500 – $4,000
• Trained therapy mini: $3,000 – $8,000

Driving

• Driving prospect: $2,000 – $5,000
• Trained driving horse: $4,000 – $15,000
• Show driving horse: $8,000 – $30,000+

Breeding

• Broodmare: $1,500 – $10,000
• Stallion: $3,000 – $30,000+
• Foals: $500 – $5,000

Ongoing Costs: Lower Than Full-Sized!

One major advantage of minis: they cost less to maintain.

Special Considerations

Health Issues

• Obesity: VERY prone to being overweight
• Laminitis: Higher risk due to obesity
• Dental issues: Small mouths can crowd teeth
• Hyperlipemia: Fat metabolism disorder
• Dwarfism: Some lines carry genes

Diet Cautions

• Very easy keepers—need very little feed
• Grass founder is a real risk
• Often need grazing muzzles
• Hay should be primary diet

Space Requirements

• Can live in smaller spaces than full-sized horses
• Still need room to exercise
• Some zoning allows minis as “pets”
• Check local regulations

Where to Find Miniature Horses

• AMHA: Breeder directory
• AMHR: Registry breeder list
• Mini horse shows: Meet breeders
• Mini rescues: Many need homes

The Bottom Line

Miniature horses range from $500 for pet quality to $50,000+ for elite show stock. For a quality, registered mini suitable as a pet or light driving, expect $1,500-$4,000. They’re more affordable to keep than full-sized horses, but still require proper care, farrier work, and veterinary attention. Their charm and versatility make them wonderful additions for those who don’t have space (or budget) for full-sized horses.

Sources: American Miniature Horse Association, American Miniature Horse Registry