Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Shepherd area can be challenging. Home prices in Shepherd are now at a median cost of $181,285, lower than the Michigan average of $196,062.
The average cost of rent is $739/mo in Shepherd, primarily driven by the current value of real estate in the Shepherd area. While nearly 33.37% of residents own their homes outright in Shepherd, 58.08% rent.
Housing affordability isn’t just about home prices, though. The average household income in Shepherd is $3,370 per month. Households that rent pay about 21.92% of their income on rent here. Shepherd's most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Mount Pleasant, MI: less expensive homes
- Leaton, MI: less expensive homes
- Elwell, MI: less expensive homes
- St. Louis, MI: less expensive homes
- Winn, MI: less expensive homes
- Strickland, MI: less expensive homes
- Delwin, MI: less expensive homes
- Alma, MI: less expensive homes
- St. Elmo, MI: less expensive homes
- Rosebush, MI: less expensive homes
Cities with Similar Populations
- South Cleveland, TN: less expensive homes
- Glasgow, DE: higher priced homes
- Glastonbury Center, CT: higher priced homes
- Glen Ridge, NJ: higher priced homes
- Glen St. Mary, FL: less expensive homes
- Glenarden, MD: higher priced homes
- Somerset, WI: higher priced homes
- Glencoe, MN: equally priced homes
- Somerville, AL: less expensive homes
- Gilberts, IL: higher priced homes
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