Michigan · Census place 72960
Shepherd village, MI
Quick answer
Shepherd village has 1,438 residents, ranking #364 of 745 places in Michigan. Median household income is $76,591, the median home is worth $147,800 and median gross rent runs $790 a month.
- Population
- 1,438Shepherd village residents
- Median household income
- $76,591Past 12 months, inflation adjusted
- Median home value
- $147,800Owner-occupied units
- Median gross rent
- $790Rent plus utilities, monthly
- Median age
- 32 yrsAll residents
- Homeownership rate
- 68.5%Owner-occupied households
What the numbers mean in Shepherd village
Housing cost measured against local earnings.
A household earning the Shepherd village median would spend about 12.4% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 1.9× the median household income; nationally that ratio sits near 4.5×. Poverty affects 15.4% of residents and 68.5% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Michigan.
- Shorewood-Tower Hills-Harbert CDP 1,468
- Newberry village 1,453
- Fowler village 1,446
- Colon village 1,432
- Burt CDP 1,430
- Edmore village 1,417
- Breckenridge village 1,411
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