Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$340,191+2.4% YoY · prices are rising
Market right nowBuyer's marketMore homes for sale than last year, 21% have cut their price
Income needed to buy, per year$73,746About 1.0× the local median income ($72,392): a stretch for a typical household
Days on market69 daysSlower than a year ago: buyers have time to negotiate
The typical home in Shenandoah County, VA is worth $340,191, up 2.4% from a year ago. That is well above what local incomes have historically supported: fair value is about $302,281, so the area is 12.5% overvalued. It is a buyer's market: homes take about 69 days to sell, listings are up 20% from a year ago, 21% of listings have had a price cut. A household needs about $73,746 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $72,392. Typical rent is $1,805 a month. In the latest IRS figures, 145 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$340,191
Change in 1 year
+2.4%
Overvalued %
+12.5%
Show 6 more
Fair home value
$302,281
Change in 5 years
+27.8%
Home value to income
4.7×
Monthly mortgage payment (20% down)
$1,844
Income needed to afford it
$73,746
Property tax rate
0.52%
Rent and investing
Typical rent
$1,805
Price-to-rent ratio
15.7×
HUD Fair Market Rent, 2 bedrooms
$1,172
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Gross rental yield
6.37%
Cap rate (estimate)
4.14%
Market activity
Listings vs a year ago
+19.8%
Days on market
69
Listings with a price cut
20.7%
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Homes for sale
194
Pending sales per 100 listings
38
Asking price per sq ft
$213
People and jobs
Median household income
$72,392
Population change (1 year)
+0.8%
Unemployment rate
4.8%
Show 4 more
Population
45,839
Income adjusted for cost of living
$81,891
Net moves in (IRS)
+145
Cost of living (US = 100)
88.4
Schools, risk and environment
School rating (1 to 10)
3.2
FEMA hazard risk score (0 to 100)
59.8
Flood risk score
73.9
Show 3 more
Wildfire risk score
63.4
Walkability (1 to 20)
5.6
Road, rail and air noise
56 dB
Questions people ask
Is Shenandoah County, VA overvalued?
Home prices in Shenandoah County, VA are well above what local incomes have historically supported: fair value is about $302,281, so the area is 12.5% overvalued.
Is Shenandoah County, VA a buyer's or seller's market?
Shenandoah County, VA is a buyer's market: homes take about 69 days to sell, listings are up 20% from a year ago, 21% of listings have had a price cut.
Are home prices going down in Shenandoah County, VA?
Home values in Shenandoah County, VA are up 2.4% over the last year.
How much do you need to earn to buy a home in Shenandoah County, VA?
A household needs about $73,746 a year to afford the typical home in Shenandoah County, VA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $72,392.