Shenandoah County, VA
Housing, jobs, water, deposits and federal obligations for this county, each figure with the release it came from. Internal point 38.86, -78.57.
Assembled 2026-10-06. Read the brief.
- 78th pct · 656th of 3,063 US counties · median $234,566
- 57th pct · 57th of 133 Virginia counties · median $307,999
- 43rd pct · 1,732nd of 3,063 US counties · median +2.9%
- 37th pct · 84th of 133 Virginia counties · median +2.9%
- 64th pct · 499th of 1,399 US counties · median $1,496
- 41st pct · 47th of 79 Virginia counties · median $1,757
- 60th pct · 1,262nd of 3,221 US counties · median 8,232
- 62nd pct · 51st of 133 Virginia counties · median 9,944
- 45th pct · 1,734th of 3,221 US counties · median $1,039
- 45th pct · 72nd of 133 Virginia counties · median $1,048
- 83rd pct · 493rd of 3,063 US counties · median 4.3
- 62nd pct · 50th of 133 Virginia counties · median 5.4
Typical home value divided by the average annual wage of one covered job.
A percentile here is a min-max scaling of average rank: the smallest published value in the cohort is 0 and the largest is 100, and tied values share the average of the ranks they span. It is not the share of entities below the value, so 0 means smallest, not none below. Entities that did not publish the metric are outside the cohort entirely and are counted in neither the rank nor its denominator.
Home values #
Typical home $345,419 (Aug 2026), +2.4% over one year, +27.1% over five
- 78th pct · 656th of 3,063 US counties · median $234,566
- 57th pct · 57th of 133 Virginia counties · median $307,999
| Item | Value | Distance |
|---|---|---|
| Shenandoah County, VA | $345,419 · +2.4% 1-yr |
Zillow Home Value Index (ZHVI), typical value of homes in the 35th to 65th percentile, smoothed and seasonally adjusted; a model estimate of value, not a sale price. Data through Zillow Research.
Rents #
Typical rent $1,672/mo (Aug 2026), +4.7% over one year; price-to-rent 17.2
- 64th pct · 499th of 1,399 US counties · median $1,496
- 41st pct · 47th of 79 Virginia counties · median $1,757
| Item | Value | Distance |
|---|---|---|
| Shenandoah County, VA | $1,672/mo · +4.7% 1-yr |
Zillow Observed Rent Index (ZORI), smoothed, all homes and multifamily; price-to-rent = typical home / (typical rent × 12).
What the typical home costs to carry #
Principal and interest of $1,891 a month on $345,419 at 7.28%, against an average weekly wage worth $4,429 a month: 42.7% of one job’s pay.
- payment = P·r / (1 − (1+r)^−n), P = $345,419 × 80% = $276,335, r = 7.28%/12 (Freddie Mac PMMS via FRED, 2026-10-01), n = 360 → $1,891/mo principal and interest
- wage share = payment / (avg weekly wage $1,022 × 52 / 12 = $4,429) = 43% of one average job's pay (BLS QCEW 2026 Q1, all covered jobs)
- years of wages = $345,419 / ($1,022 × 52) = 6.5
- price-to-rent = $345,419 / ($1,672 × 12) = 17.2
The wage is one covered job’s average, not a household’s income, so this is the share of a single paycheque and not a mortgage underwriting ratio.
Estimate. Principal and interest on the typical home with 20% down over 30 years at this week's Freddie Mac average rate; compared with the average weekly wage of all jobs covered by unemployment insurance in the area (BLS QCEW), which is pay per job, not household income.
Jobs & wages #
12,759 jobs at 1,162 employers (2026 Q1); -2.5% jobs and +1.3% average weekly wage over the year
- 60th pct · 1,262nd of 3,221 US counties · median 8,232
- 62nd pct · 51st of 133 Virginia counties · median 9,944
| Item | Value | Distance |
|---|---|---|
| Shenandoah County, VA | 12,759 jobs · $1,022/wk · -2.5% YoY |
| NAICS sector | Jobs | Avg weekly wage | Location quotient | Jobs over the year |
|---|---|---|---|---|
| Manufacturing | 2,453 | $1,055 | 2.39 | -10.3% |
| Retail trade | 1,685 | $673 | 1.36 | +1.4% |
| Health care and social assistance | 1,441 | $930 | 0.75 | -3.1% |
| Accommodation and food services | 1,136 | $401 | 0.99 | -4.1% |
| Construction | 670 | $1,185 | 1.00 | +2.1% |
| Transportation and warehousing | 531 | $1,467 | 0.99 | -9.8% |
| Other services | 382 | $788 | 1.00 | +6.4% |
| Professional and technical services | 355 | $1,640 | 0.40 | +0.9% |
| Information | 348 | $3,221 | 1.48 | -3.6% |
| Wholesale trade | 326 | $1,208 | 0.67 | -2.7% |
| Finance and insurance | 259 | $1,617 | 0.50 | +0.0% |
| Arts, entertainment and recreation | 146 | $584 | 0.70 | +0.7% |
BLS Quarterly Census of Employment and Wages, all ownerships, total covered employment in the quarter's third month; over-the-year changes as published. Suppressed cells stay blank.
Drought #
D0 abnormally dry
Sites found: 5, searched within 0 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 0 km away are not.
US Drought Monitor current week; the highest class of any polygon containing the point.
Reservoirs #
3 USGS reservoir gauges, no capacity figures to weight
Sites found: 3, searched within 150 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 150 km away are not.
| Site | Reading | Distance |
|---|---|---|
| JENNINGS RANDOLPH LAKE NEAR ELK GARDEN, WV | 1,446 ft (USGS, no capacity on file) | 80 km |
| SAVAGE RIVER RESERVOIR NEAR BLOOMINGTON, MD | 1,442 ft (USGS, no capacity on file) | 87 km |
| DEEP CREEK LAKE NEAR THAYERVILLE, MD | 2,459 ft (USGS, no capacity on file) | 96 km |
Σ(capacity × percent full) / Σ capacity over TWDB reservoirs within 150 km. Texas only; elsewhere USGS reservoir elevation/storage is listed without a capacity to normalise by.
Stream gauges #
89 gauges · 0 flooding · 30 with quality panels averaging 99 % · 31 stale
Sites found: 89, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.
| Site | Reading | Distance |
|---|---|---|
| RED CREEK AT LANEVILLE, WV | stage 1.57 ft · quality 67 % (3) | 73 km |
| NARROW PASSAGE CREEK NEAR WOODSTOCK, VA | stage 1.87 ft · quality 100 % (1) · STALE | 3 km |
| Stony Creek at Edinburg | no readings | 4 km |
| PUGHS RUN AT WETZEL RD NR WOODSTOCK, VA | stage 3.75 ft · quality 100 % (1) · STALE | 9 km |
| N F SHENANDOAH RIVER AT MOUNT JACKSON, VA | flow 105.0 ft³/s · quality 100 % (5) · no flooding | 14 km |
| TOMS BROOK AT MOO MANOR FARM NR TOMS BROOK, VA | stage 4.23 ft · quality 100 % (1) · STALE | 15 km |
| SMITH CREEK NEAR NEW MARKET, VA | flow 17.3 ft³/s · quality 100 % (5) · no flooding | 19 km |
| HOLMANS CREEK AT QUICKSBURG, VA | stage 3.73 ft · quality 100 % (1) · STALE | 19 km |
| WAITES RUN NEAR WARDENSVILLE, WV | flow 1.71 ft³/s · quality 100 % (1) · no flooding | 21 km |
| MILL CREEK NEAR LURAY, VA | stage 3.80 ft · quality 100 % (1) · STALE | 24 km |
USGS latest readings screened against EPA freshwater criteria (DO ≥ 5 mg/L, pH 6.5–9, conductance, turbidity, temperature); NWS flood categories where a NWPS gauge is co-located.
Groundwater #
34 wells in 0 named aquifers:
Sites found: 34, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.
| Site | Reading | Distance |
|---|---|---|
| USGS-385602078271201 | depth 68.8 ft · 2026-10-05 | 14 km |
| USGS-384821078472301 | depth 13.2 ft · 2026-10-05 | 20 km |
| USGS-384011078282201 | depth 151.9 ft · 2026-10-05 | 22 km |
| USGS-390333078370801 | depth 14.9 ft · 2026-10-05 | 23 km |
| USGS-385140078163401 | depth 40.4 ft · 2026-10-05 | 26 km |
| USGS-390226078170601 | depth 57.0 ft · 2009-09-20 | 32 km |
| USGS-385912078112401 | depth 100.0 ft · 2009-10-07 | 36 km |
| USGS-385755078100601 | depth 119.5 ft · 2010-10-03 | 37 km |
USGS latest daily water levels. A single latest reading says where the table is, not which way it is moving; select a well for its 365-day trace.
Water stress #
low (0.00)
Σ wᵢ·termᵢ / Σ wᵢ = 0.35×0.00 + 0.2×0.01 / 0.55
Banks & federal dollars #
$1.0 bn in deposits at 12 offices of 6 banks (SOD June 2026); HHI 2,433, highly concentrated. $356.9 m federal obligations in FY2026 (direct payments $301.4 m, contracts $52.5 m), $27,970 per covered job
| Item | Value | Distance |
|---|---|---|
| First Bank | $385.5 m · 38.3% share · 3 offices | |
| Truist Bank | $213.0 m · 21.1% share · 2 offices | |
| Farmers & Merchants Bank | $174.7 m · 17.3% share · 2 offices | |
| Shenandoah, VA | $356.9 m FY2026 · $27,970/job | |
| MULTIPLE RECIPIENTS | $297.8 m · top recipient FY2026 |
| Institution | Deposits | Share | Offices |
|---|---|---|---|
| First Bank | $385,478,000 | 38.3% | 3 |
| Truist Bank | $212,968,000 | 21.1% | 2 |
| Farmers & Merchants Bank | $174,731,000 | 17.3% | 2 |
| United Bank | $104,682,000 | 10.4% | 2 |
| City National Bank of West Virginia | $103,762,000 | 10.3% | 2 |
| The First Bank and Trust Company | $25,746,000 | 2.6% | 1 |
Deposit concentration is 2,433 across 6 banks, which the 1995 Department of Justice bank merger screen calls highly concentrated.
HHI = Σ (share %)² over 6 banks with deposits in the county = 38.3² + 21.1² + 17.3² + … (3 more) = 2,433
FDIC Summary of Deposits: deposits at every insured office as of June 30, annual; HHI is the sum of squared county deposit shares (DOJ 1995 bank merger screen: 1000 / 1800). USAspending: obligations by place of performance for the latest complete federal fiscal year (Oct 1 to Sep 30), what agencies committed, not what they paid out; recipients are legal entities. Per-job divides obligations by BLS QCEW covered employment.
Federal obligations #
USAspending place-of-performance obligations for FY2026, by awarding agency.
| Awarding agency | Obligations |
|---|---|
| Social Security Administration | $268,035,637 |
| Department of Homeland Security | $45,781,257 |
| Department of Veterans Affairs | $28,848,682 |
| Department of Agriculture | $9,032,110 |
| Department of Transportation | $2,052,379 |
| Railroad Retirement Board | $997,539 |
| Department of Health and Human Services | $750,000 |
| Department of Defense | $737,049 |
| Department of State | $331,388 |
| Federal Communications Commission | $220,596 |
| Department of Housing and Urban Development | $191,769 |
| General Services Administration | $0 |
That is $27,970 per covered job, against 12,759 jobs in the 2026 Q1 QCEW quarter.
per job = FY2026 obligations $356.9 m / 12,759 covered jobs (BLS QCEW 2026 Q1, all ownerships) = $27,970
USAspending obligations are recorded where the work is performed, so a prime award performed here is counted here even when the recipient is headquartered elsewhere. Recipients are legal entities, never people.
National context, not this county #
These are United States, single-gauge, single-state and port series. None of them is keyed to this county.
| Series | Latest | As of | Change |
|---|---|---|---|
| Mississippi River at Memphis, stage · ft | not published | not published | |
| Mississippi River at St. Louis, stage · ft | not published | not published | |
| Ohio River at Louisville, stage · ft | 12.69 | 2026-10-05 | +3.3% |
| Missouri River at St. Joseph, stage · ft | not published | not published | |
| Colorado River below Hoover Dam, flow (Hoover releases) · ft³/s | 5,170.00 | 2026-02-05 | -25.3% |
| Texas reservoirs, statewide percent full · % | 72.60 | 2026-10-06 | +0.0% |
| Laredo truck crossings, monthly · trucks | 258,700.00 | 2026-08-01 | -0.4% |
| Los Angeles + Long Beach container volume, annual · TEU | 10,513,167.00 | 2023-01-01 | -13.5% |
| Containerships waiting for a berth, all US ports · ships | 6.00 | 2026-09-22 | -14.3% |
| Shanghai to Los Angeles container rate · $ per 40 ft box | 6,830.00 | 2026-08-01 | +7.4% |
| US diesel retail price · $ per gallon | unavailable | not published | |
| WTI crude oil, spot · $ per barrel | 96.16 | 2026-09-29 | -3.2% |
| 30-year fixed mortgage rate · % | 7.28 | 2026-10-01 | +3.6% |
| Housing starts, annual rate · thousands of units | 1,275.00 | 2026-08-01 | -2.6% |
| Building permits, annual rate · thousands of units | 1,403.00 | 2026-08-01 | -2.1% |
| Case-Shiller US home price index · index, Jan 2000 = 100 | 337.31 | 2026-07-01 | +0.1% |
| Unemployment rate · % | 4.20 | 2026-09-01 | +2.4% |
| US goods and services trade balance, monthly · $ millions | -88,576.00 | 2026-07-01 | -24.4% |
| Retail sales excluding food services, monthly · $ millions | 646,347.00 | 2026-08-01 | +1.1% |
The indicator registry has no county-keyed series and no geographic selection: every entry is national, a named gauge, a single state or a port. They are here as the backdrop the county's own numbers move against, and they are never this county's readings.
What changed #
Shenandoah County, VA: 7 findings, 1 at a watch level and 6 noted
watchShenandoah County, VA's covered employment is -2.5% against a year earlier, a watch level here: covered employment below the same quarter a year earlier (BLS QCEW over-the-year percent change, as published; not an official level). The previous published period is not in this table, so this is a standing level rather than a change.
Period 2026 Q1.Show the arithmetic
- test: jobs.yoy.emp = -2.5 < 0
BLS QCEW over-the-year percent change, as published; not an official level
noteShenandoah County, VA's covered employment was 2.5% lower than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.
Period 2026 Q1.Show the arithmetic
- -2.5 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
- the newest QCEW file carries no year-earlier level, so no move from one level to another is printed
BLS QCEW over-the-year percent change, as published
noteShenandoah County, VA's typical asking rent rose 2.1% from $1,638 in July 2026 to $1,672 in August 2026, on Zillow ZORI.
Period 2026-08.Show the arithmetic
- +2.1% = (1672.3809523809523 - 1638.1654822465482) / 1638.1654822465482 × 100
- 1672.3809523809523 = Zillow ZORI, 2026-08
- 1638.1654822465482 = Zillow ZORI, 2026-07
noteShenandoah County, VA's average weekly wage was 1.3% higher than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.
Period 2026 Q1.Show the arithmetic
- +1.3 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
- the newest QCEW file carries no year-earlier level, so no move from one level to another is printed
BLS QCEW over-the-year percent change, as published
noteShenandoah County, VA's typical home value rose 0.3% from $344,372 in July 2026 to $345,419 in August 2026, on Zillow ZHVI.
Period 2026-08.Show the arithmetic
- +0.3% = (345418.98742026254 - 344372.47909167485) / 344372.47909167485 × 100
- 345418.98742026254 = Zillow ZHVI, 2026-08
- 344372.47909167485 = Zillow ZHVI, 2026-07
Read all 7 findings in the full brief
Every finding is produced by a fixed rule table and a fixed sentence for each rule. Nothing here is generated prose.