House Prices

House Prices & Home Values Shepherd, MI 2026


Average Data

average house price$155,506
average size per house1814 ft²
average price per ft²86 $ / ft²

04/15/2026 - The value range (VR) for house prices in Shepherd, MI is $78/ sqft to $78/ sqft. An average home with 1814 sqft costs approximately $141,492 to $141,492. Shepherd, MI includes 1 ZIP codes and it is located in Isabella county. The lowest prices are found in ZIP 48883, while the highest are in ZIP 48883. The average price per sqare feet is $86. Our analysis is based on 17 property listings.

Avergage prices by ZIP codes Shepherd

4888380 $ / ft²




Historical development of home values in Shepherd

Year Estimated value (USD) Change vs. 2025
2010 $72,220 -53.6%
2011 $69,427 -55.4%
2012 $69,240 -55.5%
2013 $71,828 -53.8%
2014 $75,400 -51.5%
2015 $79,270 -49.0%
2016 $83,406 -46.4%
2017 $87,908 -43.5%
2018 $92,768 -40.3%
2019 $97,070 -37.6%
2020 $102,088 -34.4%
2021 $116,114 -25.3%
2022 $135,363 -13.0%
2023 $142,746 -8.2%
2024 $151,004 -2.9%
2025 $155,506 0.0%

Graph: estimated home values in Shepherd over time (USD)



Example: 100% financing house in Shepherd

Loan amount: $155,506

Interest rate: 6.00%

Fixed monthly payment: $932.34

Breakdown in the 1st month:
Interest portion: $777.53  –  Principal portion: $154.81

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $9,278.41 $1,909.63 $153,596.37
2 $9,160.63 $2,027.41 $151,568.95
3 $9,035.58 $2,152.46 $149,416.49
4 $8,902.83 $2,285.22 $147,131.27
5 $8,761.88 $2,426.17 $144,705.11
6 $8,612.24 $2,575.81 $142,129.30
7 $8,453.37 $2,734.68 $139,394.62
8 $8,284.70 $2,903.35 $136,491.28
9 $8,105.63 $3,082.42 $133,408.86
10 $7,915.51 $3,272.54 $130,136.32
11 $7,713.67 $3,474.38 $126,661.95
12 $7,499.37 $3,688.67 $122,973.28
13 $7,271.87 $3,916.18 $119,057.10
14 $7,030.32 $4,157.72 $114,899.38
15 $6,773.88 $4,414.16 $110,485.22
16 $6,501.63 $4,686.42 $105,798.80
17 $6,212.58 $4,975.46 $100,823.34
18 $5,905.71 $5,282.34 $95,541.00
19 $5,579.90 $5,608.14 $89,932.86
20 $5,234.00 $5,954.04 $83,978.82
21 $4,866.77 $6,321.27 $77,657.54
22 $4,476.89 $6,711.15 $70,946.39
23 $4,062.96 $7,125.08 $63,821.31
24 $3,623.50 $7,564.54 $56,256.76
25 $3,156.94 $8,031.11 $48,225.66
26 $2,661.60 $8,526.45 $39,699.21
27 $2,135.70 $9,052.34 $30,646.87
28 $1,577.37 $9,610.67 $21,036.20
29 $984.61 $10,203.44 $10,832.76
30 $355.28 $10,832.76 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Shepherd, MI


1500 sqft3900 sqft
Ø selling price$156,090$332,046
Ø fast selling$141,900$298,842
Ø high price sale$170,280$365,251

In 2026, houses in Shepherd, MI will be offered at an average price of $86 per square foot. A 1,500 sqft home priced at $156,090 is 23.48% more expensive per square foot than a 3,900 sqft home priced at $332,046. Home prices in Shepherd, MI vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $229,879. Sellers who can wait longer may achieve a higher price of up to $280,963.


Explore Shepherd, MI

Overview

Shepherd, MI (ZIP code 48883) is a friendly village in Isabella County celebrated for its maple syrup heritage and small-town charm. Located just south of Mount Pleasant off US?127, Shepherd Michigan offers easy access to regional employers, Central Michigan University attractions, and Mid Michigan recreation.
The historic downtown features locally owned shops, cozy restaurants, and murals that showcase the community's agricultural roots.

Things to Do

The annual Shepherd Maple Syrup Festival draws visitors each spring with parades, boiling demonstrations, and sweet treats that make it one of the top things to do in Shepherd. Outdoor enthusiasts enjoy the village parks, the scenic Chippewa River corridor nearby, and four-season activities like biking in summer and snowshoeing in winter.
Families appreciate Shepherd Public Schools, active youth sports, and library programs that foster a tight-knit, service-oriented community.

Living and Visiting

Housing in Shepherd Michigan ranges from classic farmhouses to newer subdivisions, with a cost of living that is typically lower than many larger Michigan cities. Local businesses, light manufacturing, and agriculture support a stable economy, while commuters value quick drives to Mount Pleasant, Alma, and other Central Michigan hubs.
Travelers will find welcoming lodging, maple-inspired dining, and convenient services along Wright Avenue and within the walkable village core. Whether you are planning a weekend visit, searching for homes for sale in Shepherd MI, or seeking an authentic festival experience, this village delivers genuine Midwestern hospitality.



FAQ – Home Values in Shepherd

What is the median home value in Shepherd in 2026?

In 2026, the typical home value in Shepherd is about $155,506 for an average home size of 1814 square feet. This corresponds to an average price of roughly $86 per square foot.

What is the average cost per square foot in Shepherd?

In 2026, homes in Shepherd sell for an average of around $86 per square foot, with a typical range between $78 and $78 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Shepherd is about 1814 square feet, with an estimated 2026 value around $155,506.



Locations close to Shepherd, MI

Sheridan, MI183 $ / ft²
Sidney, MI110 $ / ft²
Six Lakes, MI90 $ / ft²
Saranac, MI116 $ / ft²
Saint Louis, MI94 $ / ft²
Saint Johns, MI157 $ / ft²
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