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market report · 48883
Shepherd, MI · 48883
9 active listings$245,000 median ask$2,199 est. rent0.9% price/rent
$245,000
Median list price
$2,199/mo
Estimated rent
0.9%
Price / rent ratio
9
Listings
FHFA home price index · 2016–2025
87.8% cumulative change over the window. Source: FHFA ZIP-level HPI.
$1.33
Median rent / sqft
8 comps
$152.29
Median sold / sqft
8 comps
—
Walkability
5.5%
Area unemployment
BLS LAUS
Median household income $65,223 · median home value $160,300 · ACS 2024.
Natural-hazard risk Relatively Moderate (FEMA NRI score 64).
3 schools within ~4 km of the ZIP centroid.
top deals · highest rent-to-price
8611 S Wise Rd, Shepherd, MI 48883
Shepherd, MI
$245,000$2,855/mo1.2%
1448 E Walton Rd, Shepherd, MI 48883
Shepherd, MI
$178,000$2,057/mo1.2%
3780 E Coe Rd, Shepherd, MI 48883
Shepherd, MI
$224,999$2,466/mo1.1%
133 S Magruder Rd, Shepherd, MI 48883
Shepherd, MI
$249,900$2,163/mo0.9%
522 N 2nd St, Shepherd, MI 48883
Shepherd, MI
$239,900$1,981/mo0.8%
8197 S Federal Rd, Shepherd, MI 48883
Shepherd, MI
$315,000$2,099/mo0.7%