Mortgage payment estimates, closing cost breakdowns, and homebuying data for Shepherdstown, West Virginia.
Median Home Price
$275K
Population
2K
Avg Monthly Rent
$1,080
Property Tax Rate
0.58% *
* Property tax shown is the West Virginia state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Shepherdstown.
Shepherdstown vs West Virginia Median
The median home price in Shepherdstown is $275,000, which is 77% above the West Virginia state median of $155,000.
Mortgage Calculator — Shepherdstown, WV
Pre-filled with Shepherdstown median home price and West Virginia tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $275K home using West Virginia's 0.58% tax rate and $1,400/yr insurance.
5% Down
$2,053/mo
Down: $13,750
Loan: $261K
P&I: $1,651
Tax: $133
Insurance: $117
PMI: $152
10% Down
$1,958/mo
Down: $27,500
Loan: $248K
P&I: $1,564
Tax: $133
Insurance: $117
PMI: $144
20% Down (No PMI)
$1,640/mo
Down: $55,000
Loan: $220K
P&I: $1,391
Tax: $133
Insurance: $117
Income needed (28% rule): $70K/year with 20% down, $84K/year with 10% down.
Rent vs Buy in Shepherdstown
Rent
$1,080/mo
vs
Buy (10% down)
$1,958/mo
Price-to-rent ratio: 21.2 — At a ratio above 20, renting may be more economical in Shepherdstown for shorter stays. Buying costs $878 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in Shepherdstown is $275,000, 77% above the West Virginia state median of $155,000. With a population of 1,852, Shepherdstown is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in West Virginia average 0.58% annually. This low property tax rate is a significant advantage for Shepherdstown buyers, keeping your monthly costs well below what you'd pay in higher-tax states. Homeowners insurance in West Virginia runs approximately $1,400 per year. This is within the normal range nationally.
Average rent in Shepherdstown is $1,080/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Shepherdstown presents moderate affordability. The $275K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Shepherdstown.