menu
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.



Shenandoah, IA 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 Q4 2023. 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

Shenandoah, IA Housing Market Trends

With 4,887 people, 2,071 houses or apartments, and a median cost of homes of $148,701, house prices in Shenandoah are some of the most affordable in Iowa as well as the nation.

Single-family detached homes are the single most common housing type in Shenandoah, accounting for 74.52% of the city's housing units. Other types of housing that are prevalent in Shenandoah include large apartment complexes or high rise apartments ( 14.54%), duplexes, homes converted to apartments or other small apartment buildings ( 10.34%).

People in Shenandoah primarily live in small (one, two or no bedroom) single-family detached homes. Shenandoah has a mixture of owner-occupied and renter-occupied housing.

The housing in Shenandoah was primarily built before 1939 ( 40.30%), making the housing stock in Shenandoah some of the oldest overall in America, although there is a range of ages of homes in Shenandoah. The next most important housing age is between 1940-1969 ( 28.21%), followed by between 1970-1999 ( 21.88%). There's also some housing in Shenandoah built between 2000 and later ( 9.62%).

Vacant housing appears to be an issue in Shenandoah. Fully 17.03% of the housing stock is classified as vacant. Left unchecked, vacant Shenandoah homes and apartments can be a drag on the real estate market, holding Shenandoah 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.

Shenandoah Home Appreciation Rates

Shenandoah's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Shenandoah during the period has been just 5.15%, which is lower than 70% of US communities.

Over the last year, Shenandoah appreciation rates have trailed the rest of the nation. In the last twelve months, Shenandoah's appreciation rate has been 4.37%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Shenandoah were at 1.02%, which equates to an annual appreciation rate of 4.14%.

Relative to Iowa, our data show that Shenandoah's latest annual appreciation rate is lower than 60% of the other cities and towns in Iowa.

Average Home Values

Median Home Value

$148,701

Shenandoah, IA Home Prices
> $1,318,000
$989,001 - $1,318,000
$659,001 - $989,000
$527,001 - $659,000
$395,001 - $527,000
$264,001 - $395,000
$131,001 - $264,000
$66,001 - $131,000
$0 - $66,000
0.0%
0.0%
0.0%
0.0%
5.7%
5.7%
0.9%
0.9%
1.1%
1.1%
16.7%
16.7%
28.9%
28.9%
30.8%
30.8%
15.9%
15.9%
0% 100.0%
% of Homes
Very Low

for Iowa

Very Low

for nation

Number of Homes And Apartments:

2,071

Shenandoah Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,044 / per month

Homeownership Rate

Owners
Renters
60.7%
60.7%
39.3%
39.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
17.0%
17.0%
83.0%
83.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
9.6%
9.6%
21.9%
21.9%
28.2%
28.2%
40.3%
40.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
74.5%
74.5%
0.6%
0.6%
10.3%
10.3%
14.5%
14.5%
0.0%
0.0%
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
0.0%
0.0%
20.0%
20.0%
37.0%
37.0%
30.7%
30.7%
7.9%
7.9%
4.4%
4.4%
0% 100.0%
% of Homes

Popular Neighborhoods in Shenandoah

Zip Codes in Shenandoah, IA