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Shepherd, MI

Full City Profile · Michigan · Isabella County County

3.3 /5.0
B Good
1,438 Population 1,498/sq mi density
$76,591 Median Income $28,302 per capita
$147,800 Home Value $210,816 Zillow
$790 Median Rent 24.8% income on rent
48°F Avg Temperature 260 sunny days/yr
201 Violent Crime/100K 470 property/100K
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.1 / 5.0
$76,591 median income, 0.5% unemployment
A+
Affordability
5.0 / 5.0
$147,800 home value, $790/mo rent
F
Safety
1.0 / 5.0
201 violent crimes/100K
B
Education
3.2 / 5.0
27.6% bachelor's degree or higher

Housing Overview

Median Home Value
$147,800
48% below
US avg: $281,900
Median Rent
$790/mo
32% below
US avg: $1,163/mo
Homeownership Rate
68.5%
5% above US avg (65.4%)
Total Housing Units
561
Median year built: 1965

Home Value by Source

Census Median
$147,800
Zillow (ZHVI)
$210,816
Median Sale Price
$157,500
Median List Price
$209,900
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

68.5%
Owner-Occupied
31.5%
Renter-Occupied
69%
32%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Census median rent: $790/mo

Market Indicators (Redfin)

Median Days on Market
76 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
4
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$152
Active Inventory
6
homes for sale

Affordability & Housing Stock

Rent Burden
24.8%
of renters spending 30%+ of income on housing
20% below US avg (31.0%)
Median Year Built
1965
Average age of housing stock: 61 years
Homeownership Rate
68.5%

Complete Housing Data

Home Values

Census Median Value$147,800
Zillow Home Value (ZHVI)$210,816
Median Sale Price$157,500
Median List Price$209,900
Price Per Sq Ft$152

Rent

Census Median Rent$790
FMR Studio$807
FMR 1-Bedroom$891
FMR 2-Bedroom$1,113
FMR 3-Bedroom$1,419
FMR 4-Bedroom$1,588

Market

Days on Market76
Sale-to-List Ratio1.0%
Price Drops0.0%
Homes Sold4
Active Inventory6
Price Per Sq Ft$152

Ownership & Stock

Owner-Occupied68.5%
Renter-Occupied31.5%
Homeownership Rate68.5%
Total Housing Units561
Median Year Built1965
Rent Burden24.8%