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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 1,533, 349 total housing units (homes and apartments), and a median house value of $524,157, 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.
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 5.92% during the period.
Appreciation rates are so strong in Shepherdstown that despite a nationwide downturn in the housing market, Shepherdstown real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Shepherdstown appreciation rates continue to be some of the highest in America, at 11.97%, which is higher than appreciation rates in 72.16% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Shepherdstown. Shepherdstown appreciation rates in the latest quarter were at 1.35%, which equates to an annual appreciation rate of 5.50%.
Relative to West Virginia, our data show that Shepherdstown's latest annual appreciation rate is lower than 60% of the other cities and towns in West Virginia.
$524,157
for West virginia
for nation
349
$1,486 / per month