Shenandoah County, Virginia Housing Market Prices
Shenandoah County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 31% below the Virginia median$177,005
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Median rent 38% below the Virginia median$983
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Shenandoah County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $177,005 | $256,082 | $248,835 |
| Price Trend (Annual %) | -1.4% | 3.5% | 7.5% |
| Median Gross Rent | $983 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 3.2% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Shenandoah County is about 31% lower than in Virginia. Rent is about 38% lower than the Virginia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Shenandoah County: home prices fell about 1.4% a year while rent rose about 3.2% a year. That is an unusual pattern worth watching.
Median rent in Shenandoah County rose about 25.9% between 2015 and 2024, from $781 to $983. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in Shenandoah County.
Buying the median-priced home in Shenandoah County costs roughly 15.0 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Shenandoah County. The price-to-rent ratio in Virginia is about 13.5.
| Metric | Shenandoah County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $177,005 | $256,082 | $248,835 |
| Median Household Income | $68,277 | $93,527 | $80,455 |
| Price-to-Income Ratio | 2.6 | 2.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Shenandoah County fell about 2.3%, while median household income rose about 24.3% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Shenandoah County | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.6% | 61.5% | 58.5% |
| Rental Rate | 22.4% | 29.8% | 31.2% |
| Vacancy Rate | 16.0% | 8.7% | 10.2% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Shenandoah County has a homeownership rate of 61.6%, about the same as the Virginia average of 61.5%. Its housing vacancy rate is 16.0%, compared with 8.7% in Virginia.
Housing Stock
| Metric | Shenandoah County | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.48 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 1982 | 1982 | 1978 |
| Median Number of Rooms | 5.8 | 6.0 | 5.5 |
The typical housing unit in Shenandoah County was built around 1982. On average, 2.5 people live in a home with about 5.8 rooms, staying for about 17.0 years on average.
Shenandoah County, VA Housing Compared With Nearby Counties
How Shenandoah County, VA compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Shenandoah County, VA | 44,927 | $177,005 #1/2 | $983 #1/2 | 73.3% #2/2 |
| Hampshire County, WV | 23,465 | $160,416 | $719 | 82.7% |
Frequently Asked Questions
Common questions about the housing market in Shenandoah County, Virginia.
What is the median home price in Shenandoah County, Virginia?
The median home price in Shenandoah County, Virginia is $177,005, lower than the Virginia average of $256,082.
What is the average home price in Shenandoah County, Virginia?
The typical home price in Shenandoah County, Virginia, reported as the median sale price, is $177,005. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Shenandoah County, Virginia?
The median gross rent in Shenandoah County, Virginia is $983 per month, lower than the Virginia average of $1,579.
What was the median gross rent in Shenandoah County in 2020?
In 2020, the median gross rent in Shenandoah County, Virginia was $877 per month.
What is the price-to-rent ratio in Shenandoah County, Virginia?
The price-to-rent ratio in Shenandoah County, Virginia is about 15.0, meaning it would take roughly 15.0 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Shenandoah County.
Are home prices or rent rising faster in Shenandoah County, Virginia?
Home prices and rent are moving in opposite directions in Shenandoah County: home prices fell about 1.4% a year while rent rose about 3.2% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Shenandoah County, Virginia?
61.6% of households in Shenandoah County, Virginia own their home, about the same as the Virginia average.
What is the vacancy rate in Shenandoah County, Virginia?
The housing vacancy rate in Shenandoah County, Virginia is 16.0%, higher than the Virginia average of 8.7%.
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