The median home in Shepherd, Michigan is valued at $208,344, up 5.0% year over year. Shepherd is part of the Mount Pleasant, MI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Mount Pleasant, MI stress score, crash risk, and 12-month forecast →

Home Value$208,344

+5.0%

AFFORDABILITY

Enter your income for Shepherd.

Income (annual)

Down Payment

$41,669 on $208,344

Affordable — 23.3% of income

Under the 28% guideline.

PITI$1,454

P/I23.3%

Afford$251K

Room+$42K

P&I $1,054Tax $267Ins $133

6.50% 30yr, 20% down, county tax + MI ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Michigan

Compare Shepherd with other housing markets across Michigan.

Lake Angelus$1659K Leland$1097K Orchard Lake$914K Franklin$845K Lake Leelanau$832K Kewadin$811K Lakeside$800K Northport$758K

Full Mount Pleasant, MI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Mount Pleasant, MI metro.

View Mount Pleasant, MI metro →

SHEPHERD, MI