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.
|Housing Units by Size|
|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
|Second Mortgage & Equity Loan||1.20%|
|Home Equity Loan||6.70%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||16.7%|