48883
Shepherd, Michigan.
Shepherd, Isabella County, MI · Mount Pleasant, MI metro · population 7,292
to buy the typical home at today's mortgage rate — +$663 (+128%) since Jan 2020.
- 1 year
- Up $18,432 +9%
- $206,301$224,733 since Sep 2025
- 5 years
- Up $46,853 +26%
- $177,880$224,733 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- 48883$1,180
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 15 years.
Typical home values in zip 48883 rose 8.9% over the past year — faster than the nation's +1.2%.
This zip spans 3 counties: Isabella County, MI 65% · Midland County, MI 35% · Gratiot County, MI 0%
Zillow also publishes an index for the city itself: Shepherd, MI — measured over the city limits, which is a different area from this zip.
Typical home value — 48883
Mid-tier homes, smoothed and seasonally adjusted.
- 48883$224,733
- Mount Pleasant$229,326
- United States$366,157
Within 20 miles
| Miles sorted ascending, activate to sort descending | Zip activate to sort by Zip | City activate to sort by City | Population activate to sort by Population | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|---|
| 7.6 | 48880 | Saint Louis | 9,994 | — | $167,609 |
| 8.1 | 48858 | Mount Pleasant | 42,226 | $1,123 | $226,651 |
| 10.6 | 48832 | Elwell | 1,307 | — | $200,597 |
| 11.4 | 48801 | Alma | 13,278 | — | $164,806 |
| 12.6 | 48615 | Breckenridge | 3,061 | — | $178,892 |
| 12.9 | 48878 | Rosebush | 1,240 | — | $228,106 |
| 13.2 | 48877 | Riverdale | 1,962 | — | $191,223 |
| 14.4 | 48618 | Coleman | 5,197 | — | $199,297 |
| 16.0 | 48891 | Vestaburg | 2,915 | — | $210,878 |
| 16.2 | 48662 | Wheeler | 1,185 | — | $186,885 |
| 16.8 | 48640 | Midland | 32,492 | $1,355 | $247,709 |
| 16.8 | 48657 | Sanford | 7,578 | — | $216,796 |
| 18.3 | 48893 | Weidman | 5,921 | — | $230,746 |
| 18.6 | 48889 | Sumner | 1,528 | — | $207,932 |
| 18.8 | 48637 | Merrill | 3,024 | — | $204,383 |
| 19.3 | 48847 | Ithaca | 5,663 | — | $196,048 |
| 19.5 | 49310 | Blanchard | 3,183 | — | $226,336 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.