MI area data
Shepherd, MI
Shepherd, MI.
Population: 7,292 (Census ACS)
Home values & appreciation
- Median home value
- $229,463
- 1-year appreciation
- +8.2%
- 3-year appreciation
- +11.3%
- 5-year appreciation
- +25.6%
- 10-year appreciation
- +92.8%
- All-time peak (2026-07)
- $229,463
- House Price Index
- 387.5 (+5.5% YoY)
Market activity
- Median sale price
- $210,000
- Median list price
- $239,000
- Median days on market
- 84 days
- Sale-to-list ratio
- 100.3%
- Active listings
- 13
- 1-year forecast
- +1.7%
- New listings (monthly)
- 4
Rents
- 2-bedroom fair-market rent (HUD reference)
- $1,261/mo
- 3BR fair-market rent
- $1,639/mo
Affordability
- Cost of living index (Below Average)
- 92.0 (100 = US avg)
- Electricity rate (state-level)
- 20.0¢/kWh
- Natural gas rate (state-level)
- $10.90/MCF
- 30-year mortgage rate (national)
- 6.66%
- 15-year mortgage rate (national)
- 6.00%
Schools
- Total schools
- 4
- Elementary schools
- 1
- Middle schools
- 1
- High schools
- 2
- Charter schools
- 1
Natural hazards & flood risk
- Overall hazard risk
- Relatively Low
- Top hazards
- strongWind, winterWeather, coldWave, hail, iceStorm
- FEMA flood zone
- A
- Flood risk level
- High
Climate (30-year normals)
- Annual precipitation
- 36.2 in
Walkability & transit
- Walkability index
- 3.2 / 20
- Transit service frequency
- -99,999
Amenities
- Nearest airport
- Mount Pleasant Municipal Airport (MOP) (6 mi)
- Nearest major airport
- MBS International Airport (MBS) (30 mi)
- Hospitals nearby (~15 mi)
- 2
- Avg hospital rating
- 3.5 / 5
- Solar radiation rating
- Fair (3.8 kWh/m²/day)
Migration
- Net migration
- -46 tax filers
Housing stock
- Median year housing built
- 1,979
- Median annual property tax
- $2,303
- Mean commute to work
- 21 min
- Households with broadband internet
- 50.5%
Employment & development
- Total county employment
- 18,588
- Average weekly wage
- $908
- Top industries (by employment)
- Health Care, Accommodation & Food, Construction
- Annual residential building permits (county)
- 71
Area data compiled from public government, academic, and industry research feeds. Data sources →
Data last updated
Most recent source refresh: Aug 2026. See all data sources →