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
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 Market | 76 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 0.0% |
| Homes Sold | 4 |
| Active Inventory | 6 |
| Price Per Sq Ft | $152 |
Ownership & Stock
| Owner-Occupied | 68.5% |
| Renter-Occupied | 31.5% |
| Homeownership Rate | 68.5% |
| Total Housing Units | 561 |
| Median Year Built | 1965 |
| Rent Burden | 24.8% |
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