Rental numbers for Shenandoah County, VA
The typical home here runs -$991 a month at 7.78% with 25% down, breaking even at about 1.3%. 0 of 1 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 5.4%.
- Gross yield
- 5.8%
- typical home, Zillow
- Median ZIP yield
- 5.4%
- 1 ZIPs with full data
- Cash flow
- -$991/mo
- at 7.78%, 25% down
- Typical price
- $345,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,672/mo
- Zillow ZORI, Aug 2026
ZIP codes in Shenandoah County
11 with published figures
| 22664Woodstock | $343,000 | $1,555 | 5.4% | 2.7% | -$1,080 | n/a |
| 22644Maurertown | $363,000 | $1,550* | 5.1% | 2.5% | -$1,204 | n/a |
| 22844New Market | $336,000 | $1,260* | 4.5% | 1.8% | -$1,303 | n/a |
| 22842Mount Jackson | $321,000 | $1,120* | 4.2% | 1.5% | -$1,330 | n/a |
| 22657Strasburg | $348,000 | $1,170* | 4.0% | 1.5% | -$1,442 | n/a |
| 22824Edinburg | $343,000 | $1,070* | 3.7% | 1.2% | -$1,507 | n/a |
| 22810Basye | $355,000 | $1,090* | 3.7% | 1.2% | -$1,568 | n/a |
| 22847Quicksburg | $370,000 | $1,050* | 3.4% | 0.9% | -$1,721 | n/a |
| 22641Strasburg | $424,000 | $1,180* | 3.3% | 0.9% | -$1,971 | n/a |
| 22660Toms Brook | $356,000 | $980* | 3.3% | 0.8% | -$1,677 | n/a |
| 22652Fort Valley | $418,000 | $1,120* | 3.2% | 1.0% | -$1,914 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +2.4%
- Rent, 12 months
- +4.7%
- Rent minus price growth
- +2.3 pts
- Property tax
- 0.52%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $271,735 | n/a |
| Aug 2022 | $308,593 | n/a |
| Aug 2023 | $318,009 | n/a |
| Aug 2024 | $337,779 | n/a |
| Aug 2025 | $337,349 | $1,597 |
| Aug 2026 | $345,419 | $1,672 |
HUD Fair Market Rent
FY2027, Shenandoah County, VA
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $937 | $943 | $1,172 | $1,452 | $1,897 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 10.1
- 181 units, last 12 months
- National percentile
- 72th
- among US counties
Tools
Test a listing in Shenandoah County against today's rate.
Open the calculatorQuestions
- Is Shenandoah County good for rental property?
- The typical home here runs -$991 a month at 7.78% with 25% down, breaking even at about 1.3%. 0 of 1 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 5.4%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Shenandoah County?
- About 0.52% of value, from Census ACS median taxes paid over median home value. On a $345,000 home that is about $1,789 a year.
- What is Fair Market Rent in Shenandoah County?
- HUD's FY2027 Fair Market Rent here is $943 for a 1-bedroom, $1,172 for a 2-bedroom and $1,452 for a 3-bedroom. Typical cash flow at today's rate is -$991 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.