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Cheap Homes in Shepherd, MI

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Shepherd, MI Foreclosures

How much do homes sell for in Shepherd, MI?
The average home price is currently $199,922.
In Shepherd, MI, how many homes are available?
There are currently 1 active home listings available in Shepherd.
What’s the average rental cost in Shepherd, MI?
The average rental price in Shepherd is $1,496.
What is the most expensive home in Shepherd?
The most expensive home sold in Shepherd had a price of $859,805.
What is currently the cheapest priced home in Shepherd, MI?
The cheapest home for sale in Shepherd is priced at $14,089.

Living in Shepherd, MI

Shepherd, MI is a charming small town known for its welcoming community and beautiful natural landscapes. It provides a peaceful lifestyle with ample outdoor activities such as hiking and fishing, especially along the nearby Chippewa River. The town features local businesses that contribute to its unique character and community spirit.

Current Market Conditions in Shepherd, MI

The real estate market in Shepherd remains stable with a consistent demand for homes. The median home price has seen slight increases, reflecting a growing interest in rural living and one-story homes that cater to families and retirees alike.

Investors are noting the potential for rental properties as the average days on market have decreased, indicating a heated competition among buyers looking for homes in this affordable market.

Home Value Estimator For Shepherd, MI

There are currently 2,431 real estate properties in Shepherd, MI, with a median automated valuation model (AVM) price of $186,216.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Shepherd, MI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Shepherd, MI, is $199,922.00, with the most expensive house in Shepherd, MI, topping out at $859,805.00 and the cheapest home in Shepherd, MI, clocking in at $14,089.00. In other words, there’s something for every potential homebuyer or savvy investor in Shepherd, MI!

Rent Prices In Shepherd, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Shepherd, MI, is on a rollercoaster ride. The average rent price in Shepherd, MI, is $1,496.00. Indeed, when looking to rent in Shepherd, MI, you can expect to pay as little as $880.00 or as much as $2,470.00, with the average rent median estimated to be $1,500.00. The good news is that finding an affordable and desirable property to rent in Shepherd, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Cheap Homes in Shepherd, MI


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