Shepherd, MI Real Estate
According to census data in the year 2000 there were 643 housing units in Shepherd.
This represents a 14.4% growth from 562 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 643 were located in what is classified as a rural area.
Homeownership rate in Shepherd is about 71.5%.
Shepherd's vacancy rate, including seasonal lodging, is about 3.4%.
Average household size is 2.45 people.
The majority of houses, apartments or condos in Shepherd were built after 1957.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.90% |
| One Bedroom | 10.90% |
| Two Bedrooms | 28% |
| Three Bedrooms | 42.30% |
| Four Bedrooms | 15.60% |
| Five Bedrooms or more | 2.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.66 |
| Median year structure was built | 1952 |
| Median Value of occupied units | $81,000 |
| Median Price asked for vacant units | $66,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.95 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $375 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 1.20% |
| Second Mortgage | 4.30% |
| Home Equity Loan | 6.70% |
| Simple Mortgage | 58.10% |
| Debt Free | 29.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.7% |
