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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Shepherdstown, WV Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Shepherdstown, WV Housing Market Trends

With a population of 1,533, 349 total housing units (homes and apartments), and a median house value of $536,955, Shepherdstown real estate is some of the most expensive in West Virginia, although Shepherdstown home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Shepherdstown, accounting for 55.92% of the town's housing units. Other types of housing that are prevalent in Shepherdstown include row houses and other attached homes ( 14.69%), duplexes, homes converted to apartments or other small apartment buildings ( 14.46%), and a few large apartment complexes or high rise apartments ( 14.22%).

Shepherdstown is dominated by renter-occupied one, two, or no bedrooms apartments. 73.87% of Shepherdstown's dwellings are rentals.

The housing in Shepherdstown was primarily built before 1939 ( 62.80%), making the housing stock in Shepherdstown some of the oldest overall in America, although there is a range of ages of homes in Shepherdstown. The next most important housing age is between 1970-1999 ( 21.09%), followed by between 2000 and later ( 12.09%). There's also some housing in Shepherdstown built between 1940-1969 ( 4.03%).

Vacant housing appears to be an issue in Shepherdstown. Fully 17.30% of the housing stock is classified as vacant. Left unchecked, vacant Shepherdstown homes and apartments can be a drag on the real estate market, holding Shepherdstown real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Shepherdstown Home Appreciation Rates

Real estate appreciation rates in Shepherdstown's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.93% during the period.

NeighborhoodScout's data show that during the latest twelve months, Shepherdstown's appreciation rate, at 6.45%, has been at or slightly above the national average. In the latest quarter, Shepherdstown's appreciation rate has been 3.11%, which annualizes to a rate of 13.04%.

Importantly, this makes Shepherdstown one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to West Virginia, our data show that Shepherdstown's latest annual appreciation rate is lower than 80% of the other cities and towns in West Virginia.

Average Home Values

Median Home Value

$536,955

Shepherdstown, WV Home Prices
> $1,430,000
$1,073,001 - $1,430,000
$715,001 - $1,073,000
$572,001 - $715,000
$429,001 - $572,000
$286,001 - $429,000
$143,001 - $286,000
$71,001 - $143,000
$0 - $71,000
2.8%
2.8%
5.1%
5.1%
15.3%
15.3%
17.4%
17.4%
22.0%
22.0%
20.9%
20.9%
10.3%
10.3%
3.5%
3.5%
2.7%
2.7%
0% 100.0%
% of Homes
Very High

for West virginia

Very High

for nation

Number of Homes And Apartments:

349

Shepherdstown Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,538 / per month

Homeownership Rate

Owners
Renters
26.1%
26.1%
73.9%
73.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
17.3%
17.3%
82.7%
82.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
12.1%
12.1%
21.1%
21.1%
4.0%
4.0%
62.8%
62.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
55.9%
55.9%
14.7%
14.7%
14.5%
14.5%
14.2%
14.2%
0.7%
0.7%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
10.2%
10.2%
11.8%
11.8%
25.1%
25.1%
36.3%
36.3%
10.4%
10.4%
6.2%
6.2%
0% 100.0%
% of Homes