The typical owner-occupied home in Shenandoah County is worth about $294,900, 23% below the Virginia median of $383,700 and 11% below the national median of $332,700. Owners pay a median $1,528 a year in property taxes, about 0.52% of their home's value, lower than the Virginia rate of 0.73%. The median household earns $67,191 a year, so the median home costs 4.4 times the median income (4.1 times for Virginia). 73% of occupied homes here are lived in by their owners, and 60% of those owners still have a mortgage.
Shenandoah County at a glance
| Shenandoah County | Virginia | U.S. | |
|---|---|---|---|
| Median home value | $294,900 | $383,700 | $332,700 |
| Median property tax paid per year | $1,528 | $2,790 | $3,119 |
| Property tax as a share of value | 0.52% | 0.73% | 0.94% |
| Median household income | $67,191 | $93,170 | $80,734 |
| Homes lived in by their owners | 73% | 67% | 65% |
| Owner homes with a mortgage | 60% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $1,493 | $2,127 | $1,963 |
| Those costs as a share of the owners' income | 20.4% | 20.1% | 21.0% |
| Median rent | $984 | $1,579 | $1,413 |
| Rent as a share of renters' income | 26.5% | 29.4% | 30.6% |
| Median year homes were built | 1983 | 1984 | 1980 |
| Vacant homes | 16.0% | 8.7% | 10.1% |
| Population | 44,925 | 8,705,170 | 334,922,499 |
What a typical home costs per month in Shenandoah County
At this week's average 30-year rate of 7.11%, buying the median Shenandoah County home of $294,900 with 20% down costs about $1,838 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,329, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $78,759 for the 20%-down payment. That payment is 33% of the median Shenandoah County household income of $67,191; at that income and 20% down, the 28% guideline points to a home of about $252,000.
The median rent here is $984 a month, so owning the median home costs about $854 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $58,980 |
|---|---|
| Loan amount | $235,920 |
| Principal and interest | $1,587 |
| Property taxes (0.52% a year) | $128 |
| Homeowners insurance (our estimate, 0.5% a year) | $123 |
| PMI | $0 |
| Total per month | $1,838 |
Change the numbers in the calculator
| Down payment | $10,322 |
|---|---|
| Loan amount | $289,559 |
| Principal and interest | $1,948 |
| Property taxes (0.52% a year) | $128 |
| Homeowners insurance (our estimate, 0.5% a year) | $123 |
| FHA mortgage insurance | $130 |
| Total per month | $2,329 |
Change the numbers in the calculator
Questions about home buying in Shenandoah County
What is the median home value in Shenandoah County?
About $294,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Shenandoah County?
Homeowners pay a median $1,528 a year, which is about 0.52% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Shenandoah County?
For the median home with 20% down at 7.11%, the payment is about $1,838 a month. Keeping that under 28% of gross income takes about $78,759 a year.
More about Shenandoah County
- Mortgage Refinance in Shenandoah County
- Debt Relief in Shenandoah County
- Home Equity Loans in Shenandoah County
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data