Market Overview
Home Prices in Shepherd, TX
The median home value in Shepherd, TX is $197,416 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1% compared to a year ago and up 2.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Shepherd are priced52% below average. Shepherd is part of the Houston-The Woodlands-Sugar Land, TX metro area.
Over the past five years, Shepherd home values have risen by approximately3.0%, reflecting modest growth in this market.
Price History
Shepherd Home Price Trend
City Comparison
Shepherd vs. National Median
At $197,416, homes in Shepherd cost 52% below the national median of $410,000. This makes Shepherd a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Shepherd?
20% Down Payment
$39,483
on $197,416
Monthly P&I
$1,030/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,308/mo
incl. taxes & insurance
Income Needed
$52,320
gross annual (30% rule)
10% Down Option
$19,742
+ PMI applies
Loan Amount (20% dn)
$157,933
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Shepherd, TX?
The median home value in Shepherd is $197,416 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1% year-over-year.
How much have home prices changed in Shepherd?
Over the past year, home values in Shepherd have decreased by 1%. Over five years, prices have risen approximately 3.0%.
How much do I need to earn to buy a home in Shepherd?
To comfortably afford the median home price of $197,416 with a 20% down payment ($39,483) at today's rates (6.8%), you'd need a gross annual income of approximately $52,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Shepherd compare to the national average home price?
The national median home value is approximately $410,000. At $197,416, homes in Shepherd are 52% below the national average.
What metro area is Shepherd part of?
Shepherd is part of the Houston-The Woodlands-Sugar Land, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.