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Shepherd village, Michigan Demographics & Population 2026

Very AffordableHome value to income ratio of 1.9x is exceptionally low

As of 2026, Shepherd village, Michigan has a total population of 1,438, the 364th largest city in Michigan, with a median household income of $76,591, which is 8% higher than the state average. The poverty rate is 15.4%.

Key Takeaways

Shepherd village Quick Facts

Population 1,438
Median Household Income $76,591
Median Home Value $147,800
Poverty Rate 15.4%
Unemployment Rate 0.8%
Median Age 32.0 years
Homeownership Rate 68.5%
Affordability Ratio 1.9x
Bachelor's Degree or Higher 27.6%
High School Graduation Rate 97.2%
Diversity Index 23/100
Population 1,438 364th of 745
Median Income $76,591 top 30%
Poverty Rate 15.4% 24% higher national
Median Home Value $147,800 average

How Shepherd village Compares

Economy & Housing

Employment

0.8% Unemployment Rate State: 5.8% | National: 5.2%
68.5% Labor Force Participation

Housing Overview

Owner 68.5%
Renter 31.5%
Affordability Index Very Affordable
1.9x home value to income ratio

People & Demographics

Diversity Index

23out of 100
Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 44 | National average: 60

Education

Shepherd village Rankings in Michigan

#364 Population of 745
#166 Median Income of 745
#231 Education of 745
#375 Home Value of 745

Cities Similar to Shepherd village

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Fowler village1,446$72,261$194,40022.7%1.0%
Ravenna village1,472$73,233$191,30026.0%6.7%
Shorewood-Tower Hills-Harbert CDP1,468$80,642$296,00043.5%5.7%
Elk Rapids village1,558$78,472$348,40046.8%4.3%
Burt CDP1,430$92,596$184,0007.8%2.0%

Population Overview

Shepherd village is a small community located in Michigan. The total population is 1,438. It ranks as the 364th most populous out of 745 cities and towns in Michigan.

Age Demographics

The median age in Shepherd village is 32.0 years. This is 20% lower than the state median of 40.1 years.

Economy, Income & Housing

The median household income in Shepherd village is $76,591. This is 8% higher than the state median of $71,149. Compared to the national median of $78,538, household income here is 2% lower. The poverty rate stands at 15.4%. This is 18% higher than the state poverty rate of 13.1%. The unemployment rate is 0.8%. This is 87% lower than the state rate of 5.8%. The median home value is $147,800. Housing costs are 32% lower than the state median of $217,600. With a home-value-to-income ratio of just 1.9x, Shepherd village is one of the most affordable housing markets in the area. 68.5% of occupied housing units are owner-occupied. This homeownership rate is 6% lower than the state average of 72.9%.

Race & Ethnicity

Shepherd village has a predominantly White (non-Hispanic) population, comprising 87.1% of all residents. Hispanic or Latino residents account for 3.8%. The Black or African American population (1.7%) is well below the state average of 13.2%. The Asian population (0.2%) is well below the state average of 3.3%.

Education

27.6% of residents aged 25 and older hold a bachelor's degree or higher. This is 13% lower than the state rate of 31.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 97.2%.

Data Sources & Methodology

All demographic data for Shepherd village, Michigan is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Michigan state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 745 Census-designated places in Michigan. For official data, visit data.census.gov.

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Frequently Asked Questions

What is the population of Shepherd village, Michigan?

Shepherd village, Michigan has a population of 1,438 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Shepherd village, MI?

The median household income in Shepherd village is $76,591, which is 2% lower the national median of $78,538.

What is the poverty rate in Shepherd village, MI?

The poverty rate in Shepherd village is 15.4%. This means approximately 220 residents live below the federal poverty line.

What is the racial makeup of Shepherd village, Michigan?

Shepherd village's population is 87.1% White, 1.7% Black, 3.8% Hispanic/Latino, and 0.2% Asian.

What is the median home value in Shepherd village, MI?

The median home value in Shepherd village is $147,800. The home-value-to-income ratio is 1.9x.

How educated is Shepherd village, Michigan?

27.6% of adults (25+) in Shepherd village hold a bachelor's degree or higher, and 8.8% hold a graduate or professional degree.