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Shipman, VA

Full City Profile · Virginia · Nelson County County

2.4 /5.0
C Fair
489 Population 182/sq mi density
$45,982 Median Income $15,330 per capita
$237,900 Home Value $233,963 Zillow
$1,091 Median Rent 26.6% income on rent
57°F Avg Temperature 305 sunny days/yr
90 Violent Crime/100K 903 property/100K
C
Overall
2.4 / 5.0
Fair overall score based on economy, affordability, safety and education
B
Economy
3.2 / 5.0
$45,982 median income, 0.0% unemployment
B+
Affordability
3.8 / 5.0
$237,900 home value, $1,091/mo rent
F
Safety
1.0 / 5.0
90 violent crimes/100K
D
Education
1.6 / 5.0
7.6% bachelor's degree or higher

Housing Overview

Median Home Value
$237,900
16% below
US avg: $281,900
Median Rent
$1,091/mo
6% below
US avg: $1,163/mo
Homeownership Rate
57.4%
12% below US avg (65.4%)
Total Housing Units
332
Median year built: 1953

Home Value by Source

Census Median
$237,900
Zillow (ZHVI)
$233,963
Median Sale Price
$245,500
Median List Price
$245,500
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

57.4%
Owner-Occupied
42.6%
Renter-Occupied
57%
43%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$1,137/mo
1 Bedroom
$1,181/mo
2 Bedroom
$1,369/mo
3 Bedroom
$1,787/mo
4 Bedroom
$2,126/mo
Census median rent: $1,091/mo

Market Indicators (Redfin)

Median Days on Market
4 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
1
Price Drops
25.0%
of listings with price reduction
Price Per Sq Ft
$256
Active Inventory
4
homes for sale

Affordability & Housing Stock

Rent Burden
26.6%
of renters spending 30%+ of income on housing
14% below US avg (31.0%)
Median Year Built
1953
Average age of housing stock: 73 years
Homeownership Rate
57.4%

Complete Housing Data

Home Values

Census Median Value$237,900
Zillow Home Value (ZHVI)$233,963
Median Sale Price$245,500
Median List Price$245,500
Price Per Sq Ft$256

Rent

Census Median Rent$1,091
FMR Studio$1,137
FMR 1-Bedroom$1,181
FMR 2-Bedroom$1,369
FMR 3-Bedroom$1,787
FMR 4-Bedroom$2,126

Market

Days on Market4
Sale-to-List Ratio1.0%
Price Drops25.0%
Homes Sold1
Active Inventory4
Price Per Sq Ft$256

Ownership & Stock

Owner-Occupied57.4%
Renter-Occupied42.6%
Homeownership Rate57.4%
Total Housing Units332
Median Year Built1953
Rent Burden26.6%