Rent in Shepherd, MI
A 2-bedroom in Shepherd, MI (ZIP 48883) typically rents for about $838 a month, with a range of $838–$1,059. Owner-occupied homes in Isabella County pay about 1.34% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $883 | $883 | 1 |
| 1 bed | $620 | $620–$888 | 1 |
| 2 beds | $838 | $838–$1,059 | 1 |
| 3 beds | $1,125 | $1,125–$1,385 | 1 |
| 4 beds | $1,428 | $1,428 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Shepherd ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Shepherd, MI?
- About $838 a month: the median of the typical rents in 1 ZIP code, which range from $838–$1,059. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Shepherd, MI?
- About $620 a month: the median of the typical rents in 1 ZIP code, which range from $620–$888. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Shepherd, MI?
- About $1,125 a month: the median of the typical rents in 1 ZIP code, which range from $1,125–$1,385. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Shepherd, MI?
- About $883 a month: the median of the typical rents in 1 ZIP code, which range from $883. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Shepherd, MI?
- About $1,428 a month: the median of the typical rents in 1 ZIP code, which range from $1,428. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Shepherd, MI?
- Owner-occupied homes in Isabella County pay a typical 1.34% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Shepherd rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).