Shenandoah, VA—22849
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Shenandoah, VA
Shenandoah, VA lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $273,000 | 1.9% |
| Single Family | $272,000 | 1.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $234,000 | 1.3% |
3 Bed | $279,000 | 1.8% |
4 Bed | $296,000 | 2.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Shenandoah, VA
As of July '25, Rentcast reports the average rent in Shenandoah, VA is $1,200, with a year-over-year rent change of -17.8%. Per bedroom, the median rent as of July '25 in Shenandoah, VA is 3-bedrooms: $1,200. The most common rental property sizes in Shenandoah, VA are 2-bedroom and 3-bedroom, accounting for 43.5% and 31.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,200 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,200 | $1,200 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Shenandoah, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Shenandoah, VA is 92. This is a increase of 92.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $334,000 | -4.0% |
Listing Count | 30 | 66.0% |
| Listings as % of Homes | 0.8% | 66.0% |
Days on Market | 92 | 92.0% |
Demographics — Shenandoah, VA
As of the latest ACS Survey released in 2023, Shenandoah, VA has a population of 5,290, which has increased by 1.5% over the past 5 years. Shenandoah, VA is a moderately popular place for families, as children make up 23.0% of the population. The area has a poorly educated workforce, with 7.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,290 | 1.5% |
% Under 18 | 23.0% | 7.5% |
% Seniors | 19.5% | -9.7% |
% WFH | 2.5% | -70.9% |
% w/ College Degree | 7.2% | -34.5% |
As of the latest ACS Survey released in 2023, Shenandoah, VA is a predominantly white area, with 88.9% of the population identifying as white. The white population has shrunk by 6.1% in the last 5 years. The second most common race or ethnicity in Shenandoah, VA is hispanic, making up 7.1% of the population. Foreign-born residents account for 5.6% of the population in Shenandoah, VA, and this percentage has increased by 229.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 88.9% | -6.1% |
% Black | 0.6% | -62.5% |
% Hispanic | 7.1% | 115.2% |
% Asian | 0.2% | ∞% |
% Foreign Born | 5.6% | 229.4% |
Mortgage and Risk — Shenandoah, VA
According to HUD data as of 2023, there were 96 mortgage originations in Shenandoah, VA, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Shenandoah, VA. Investor activity is low, as 3.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 96 |
% Conventional Loans | 66.0% |
% Government Loans | 34.0% |
% Investor Loans | 3.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Shenandoah, VA
Shenandoah, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $920 |
| 2 Bedroom | N/A | N/A | $1,090 |
| 3 Bedroom | $260 | $1,200 | $1,460 |
| 4 Bedroom | N/A | N/A | $1,840 |
Affordability — Shenandoah, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $273,000 |
| Median Household Income | $66,700 |