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Shepherd, MI Home Values and Rents
The typical home value in Shepherd is $224,045, 273rd highest of 442 cities and towns in Michigan. Median rent is $789 a month.
- Typical home value
- $224,045
- 273rd of 442 in MI
- Median rent
- $789/mo
- ACS 2020-2024
- Price change, 1 year
- +8.7%
- Sep 2026
- Homeownership
- 66.4%
- MI: 73.2%
Typical home value in Shepherd
Zillow Home Value Index, all homes, middle tier
Show as a table
| Period | Shepherd |
|---|---|
| Sep 2026 | $224,045 |
| Dec 2025 | $212,472 |
| Dec 2024 | $206,084 |
| Dec 2023 | $197,071 |
| Dec 2022 | $189,402 |
| Dec 2021 | $177,224 |
| Dec 2020 | $157,109 |
| Dec 2019 | $139,372 |
| Dec 2018 | $126,678 |
| Dec 2017 | $123,016 |
| Dec 2016 | $119,515 |
| Dec 2015 | $119,340 |
| Dec 2014 | $112,666 |
| Dec 2013 | $107,826 |
| Dec 2012 | $97,167 |
Over five years, Shepherd prices changed +26.3%.
Source: Zillow Research · Last updated 09/01/2026
Fair Market Rents, FY2027
HUD rent standard for Isabella County, MI
| Unit size | Monthly rent | vs FY2026 |
|---|---|---|
| Studio | $883 | +0.9% |
| 1 bedroom | $888 | +0.9% |
| 2 bedrooms | $1,059 | +4.5% |
| 3 bedrooms | $1,385 | +4.8% |
| 4 bedrooms | $1,428 | +6.5% |
Frequently asked questions
- What is the typical home value in Shepherd, MI?
- The typical home value in Shepherd is $224,045 (Zillow Home Value Index, Sep 2026). The Michigan median is $231,600.
- How much is rent in Shepherd?
- The median rent in Shepherd is $789 a month, including utilities paid by the renter. HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,059.
- Are home prices going up in Shepherd?
- The typical home value in Shepherd changed +8.7% over one year and +26.3% over five years, as of Sep 2026.
- How does Shepherd compare with the rest of Michigan?
- Shepherd has the 273rd highest median home value of 442 cities and towns with 1,000+ residents in Michigan.