Housing in Shepherd, MI
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — December 2025Median Sale Price
$170,000
Median List Price
$208,950
Price Per Sq Ft
$132
Days on Market
86
Active Inventory
9
Months of Supply
4.5
Balanced market
Zillow Home Value
$208,344
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Off Market in 2 Weeks
50.0%
Sale-to-List Ratio
97.9%
Buyer's market
Market Activity
Source: RedfinHomes Sold
2
New Listings
2
Pending Sales
2
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$132
Median List $/SF
$141
Shepherd vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Shepherd is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$147,800
Median Rent
$790
Total Housing Units
563
Vacancy Rate
8.0%
Owner Occupied
68.5%
Renter Occupied
31.5%
Median Property Tax
$2,291
per year
Monthly Cost (w/ Mortgage)
$1,073
Housing Types
The current median sale price in Shepherd, MI is $170,000 according to Redfin data. Homes spend a median of 86 days on the market. 0.0% of homes sold above asking price. The market has 4.5 months of supply. The median price per square foot is $132. The median rent is $790 per month (Census ACS). About 68.5% of housing units are owner-occupied. The median year homes were built is 1962. There are 563 total housing units.