Shepherd, MI Profile: Facts & Data

Shepherd, Michigan - Basic Facts

The Village of Shepherd had a population of 1,448 as of July 1, 2024.

The primary coordinate point for Shepherd is located at latitude 43.5245 and longitude -84.6947 in Isabella County. The formal boundaries for the Village of Shepherd encompass a land area of 0.97 sq. miles and a water area of 0 sq. miles. Isabella County is in the Eastern time zone (GMT -5).

The Village of Shepherd has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Village of Shepherd is located within Township of Coe, a minor civil division (MCD) of Isabella County.

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Shepherd, MI Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	1,448 (100%)
Population in Households	1,441 (99.5%)
Population in Families	1,131 (78.1%)
Population in Group Quarters¹	7 ( 0.5%)
Population Density	1,513
Diversity Index²	27


INCOME
Median Household Income	$73,101
Average Household Income	$79,435
% of Income for Mortgage⁴	14%
Per Capita Income	$35,115
Wealth Index⁵	53
Socioeconomic Status Index⁶	Moderate (58.9)

HOUSING
Total HU (Housing Units)	670 (100%)
Owner Occupied HU	455 (67.9%)
Renter Occupied HU	185 (27.6%)
Vacant Housing Units	30 ( 4.5%)
Median Home Value	$159,109
Average Home Value	$175,495
Housing Affordability Index³	173

HOUSEHOLDS
Total Households	640
Average Household Size	2.25
Family Households	403
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

670 (100%)

Owner Occupied HU

455 (67.9%)

Renter Occupied HU

185 (27.6%)

Vacant Housing Units

30 ( 4.5%)

Median Home Value

$159,109

Average Home Value

$175,495

Housing Affordability Index³

173

HOUSEHOLDS

Total Households

640

Average Household Size

2.25

Family Households

403

Average Family Size

3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.34%	-0.32%
Households	0.18%	0.19%
Families		0.15%
Median Household Income		1.89%
Per Capita Income		3.82%
Owner Occupied HU		0.99%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

-0.34%

-0.32%

Households

0.18%

0.19%

Families

0.15%

Median Household Income

1.89%

Per Capita Income

3.82%

Owner Occupied HU

0.99%

Shepherd, MI - Peer Comparisons by Rank and Percentile

The table below compares Shepherd to the other 745 incorporated cities, towns and CDPs in Michigan by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description	Rank	Percentile
Total Population	# 364	51st
Population Density	# 199	73rd
Median Household Income	# 249	67th
Housing Affordability Index	# 664	89th
Per Capita Income	# 384	49th
Diversity Index	# 286	62nd

Variable Description

Rank

Percentile

Total Population

# 364

51st

Population Density

# 199

73rd

Median Household Income

# 249

67th

Housing Affordability Index

# 664

89th

Per Capita Income

# 384

49th

Diversity Index

# 286

62nd

Michigan Census Data Comparison Tool

Shepherd, MI Profile: Facts & Data

Shepherd, Michigan - Basic Facts

Shepherd, MI Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Shepherd, MI - Peer Comparisons by Rank and Percentile

Shepherd, MI - Most Popular Things to Do

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Isabella County