Shenandoah, VA 22849 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Shenandoah, VA—22849

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$273,000

2.1% YoY Growth

Household Income

$66,700

48.1% YoY Growth

Days on Market

104.0% Longer YoY

Home Price Forecast

N/A

Median Rent

$1,200

17.8% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

$1,200

11.1% YoY Growth

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	2.1%
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

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

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% of Rental Stock

Studio

0.7%

1 Bedroom

7.9%

2 Bedrooms

43.5%

3 Bedrooms

31.8%

4 Bedrooms

14.3%

5+ Bedrooms

1.9%

Property Listings — Shenandoah, VA

As of Nov '25, Realtor.com reports that the median days on market for a home in Shenandoah, VA is 76. This is a increase of 104.0% 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 15.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$319,000	-13.0%
Listing Count	27	70.0%
Listings as % of Homes	0.8%	70.0%
Days on Market	76	104.0%

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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%

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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%

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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%

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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

Shenandoah, VA—22849

Key Metrics at a Glance

Home Price Trends — Shenandoah, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Shenandoah, VA

% of Rental Stock

Property Listings — Shenandoah, VA

Demographics — Shenandoah, VA

Race and Ethnicity

Mortgage and Risk — Shenandoah, VA

Mortgages

Rentals and Section 8 — Shenandoah, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — Shenandoah, VA

Home Price to Income Ratio

Shenandoah, VA — ZIP Code Boundary Map

Nearby ZIP Codes

Elkton, VA

New Market, VA

Zenda, VA

McGaheysville, VA

Timberville, VA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.7
Median Home Price	$273,000
Median Household Income	$66,700

Shenandoah, VA—22849

Key Metrics at a Glance

Home Price Trends — Shenandoah, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Shenandoah, VA

% of Rental Stock

Property Listings — Shenandoah, VA

Demographics — Shenandoah, VA

Race and Ethnicity

Mortgage and Risk — Shenandoah, VA

Mortgages

Rentals and Section 8 — Shenandoah, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — Shenandoah, VA

Home Price to Income Ratio

Shenandoah, VA — ZIP Code Boundary Map

Nearby ZIP Codes

Elkton, VA

New Market, VA

Zenda, VA

McGaheysville, VA

Timberville, VA

Frequently Asked Questions

What is the average home price in Shenandoah, VA 22849?

How have home prices in Shenandoah, VA 22849 changed over the past year?

What is the home price projection for Shenandoah, VA 22849?

What are the demographics of Shenandoah, VA 22849?

How long does it take homes to sell in Shenandoah, VA 22849?

What is the average rent price in Shenandoah, VA 22849?