Shepherd is a village in Isabella County in the U.S. state of Michigan. The population was 1,536 at the 2000 census. The village is within Coe Township.
According to the United States Census Bureau, the village has a total area of 1.0 square miles (2.5 km²), all land.
As of the census of 2000, there were 1,536 people, 619 households, and 417 families residing in the village. The population density was 1,586.7 per square mile (611.4/km²). There were 641 housing units at an average density of 662.2 per square mile (255.1/km²). The racial makeup of the village was 96.35% White, 0.46% African American, 0.52% Native American, 0.33% Asian, 0.65% from other races, and 1.69% from two or more races. Hispanic or Latino of any race were 2.34% of the population.