Shepherd, MI is an attractive place to live with its median housing value sitting at $171,500. This is much lower than the US median housing value of $338,100. Despite this difference, the appreciation rate of houses in Shepherd has been higher than the US rate by 0.71%, with it being 8.98% compared to the US 1-year appreciation rate of 8.27%. This could be due to its convenient location and great amenities that make it a desirable place to live.
The median home cost in Shepherd is $171,500. Home appreciation the last 10 years has been 96.0%. Home Appreciation in Shepherd is up 12.2%.
Average Age of Homes
- The median age of Shepherd real estate is 51 years old
The Rental Market in Shepherd
- Renters make up 29.8% of the Shepherd population
- 1.7% of houses and apartments in Shepherd, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.