Virginia
Shenandoah County
ZIP 22641
44,630 residents175 permits TTM$64,437 median HHI12 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$265,800
ACS 5-Year
Cap rate proxy
4.4%
FMR × 0.65 ÷ Home Value
Rent-to-income
18.0%
HUD FMR ÷ ACS HHI
Net migration
+1.64%
IRS SOI
Permits (TTM)
175
Census BPS
Climate risk
59.8
FEMA NRI (0–100)
ZIP 22641
Median home value
$265,800
Gross yield
4.9%
Cap rate
4.4%
Rent gap
11.3%
Affordability
P/I: 6.5R/I: —
Section 8 detail
SAFMR: $1,091Rent: $968Gap: 12.7%
ZIP code breakdown12 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 22641 | $265,800county est. | $1,091 | 4.9% | 4.4% | 11.3% |
| 22644 | $351,961 | $1,091 | 3.7% | 3.3% | 11.3% |
| 22652 | $402,638 | $1,091 | 3.3% | 2.9% | 11.3% |
| 22657 | $336,802 | $1,091 | 3.9% | 3.4% | 11.3% |
| 22660 | $342,052 | $1,091 | 3.8% | 3.4% | 11.3% |
Ranked by composite score
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Demographics
Owner-occupied
72.4%
Census ACS
Vacancy rate
16.6%
Census ACS
Bachelor's degree +
21.4%
Census ACS
Rent burdened
34.3%
Census ACS (>30% income)
Median age
42.9
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026