Shepherdstown, WV—25443
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Shepherdstown, WV
As of Oct '25, the median home price in Shepherdstown, WV is $473,000, with a year-over-year change of 3.9%. This indicates that home prices in Shepherdstown, WV are increasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $473,000 | 3.9% |
| Single Family | $474,000 | 3.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $378,000 | 3.8% |
3 Bed | $416,000 | 3.5% |
4 Bed | $537,000 | 3.5% |
| 5 Bed | $671,000 | 2.8% |
% of Housing Stock
Rental Trends — Shepherdstown, WV
As of July '25, Rentcast reports the average rent in Shepherdstown, WV is $1,470, with a year-over-year rent change of -23.4%. Per bedroom, the median rent as of July '25 in Shepherdstown, WV is 1-bedrooms: $990, 2-bedrooms: $1,050, 3-bedrooms: $1,560, 4-bedrooms: $2,650. The most common rental property sizes in Shepherdstown, WV are 2-bedroom and 1-bedroom, accounting for 42.7% and 22.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,150 | $1,470 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $895 | $990 |
| 2 Bed Rent | $1,050 | $1,050 |
| 3 Bed Rent | $1,600 | $1,560 |
| 4 Bed Rent | $2,650 | $2,650 |
% of Rental Stock
Property Listings — Shepherdstown, WV
As of Oct '25, Realtor.com reports that the median days on market for a home in Shepherdstown, WV is 41. This is a increase of 32.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $591,000 | 6.0% |
Listing Count | 56 | 31.0% |
| Listings as % of Homes | 0.9% | 31.0% |
Days on Market | 41 | 32.0% |
Demographics — Shepherdstown, WV
As of the latest ACS Survey released in 2023, Shepherdstown, WV has a population of 7,300, which has decreased by -7.8% over the past 5 years. Shepherdstown, WV is a moderately popular place for families, as children make up 18.9% of the population. The area has a highly educated workforce, with 57.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,300 | -7.8% |
% Under 18 | 18.9% | 10.5% |
% Seniors | 18.1% | 2.8% |
% WFH | 21.1% | 229.7% |
% w/ College Degree | 57.6% | 13.2% |
As of the latest ACS Survey released in 2023, Shepherdstown, WV is a predominantly white area, with 85.0% of the population identifying as white. The white population has shrunk by 0.4% in the last 5 years. The second most common race or ethnicity in Shepherdstown, WV is hispanic, making up 5.4% of the population. Foreign-born residents account for 3.0% of the population in Shepherdstown, WV, and this percentage has decreased by 38.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 85.0% | -0.4% |
% Black | 3.8% | -43.3% |
% Hispanic | 5.4% | 116.0% |
% Asian | 1.0% | -52.4% |
% Foreign Born | 3.0% | -38.8% |
Mortgage and Risk — Shepherdstown, WV
According to HUD data as of 2023, there were 168 mortgage originations in Shepherdstown, WV, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Shepherdstown, WV. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 168 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Shepherdstown, WV
As of 2024, the percent of homes in Shepherdstown, WV under the Section 8 program is 6.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Shepherdstown, WV, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 28 |
Total Units Section 8 | 28 |
% Rentals under Section 8 | 6.2% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $75 | $895 | $970 |
| 2 Bedroom | $220 | $1,050 | $1,270 |
| 3 Bedroom | $170 | $1,600 | $1,770 |
| 4 Bedroom | -$520 | $2,650 | $2,130 |
Affordability — Shepherdstown, WV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $473,000 |
| Median Household Income | $104,000 |