Cost of Living in Shepherdstown

Shepherdstown's cost of living centers on housing running at or above national benchmarks, offset by property tax near WV's own statewide median.

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Housing at or above the national median

Zillow's cited $425,933 average home value runs at or slightly above the ~$408,776 national median comparison figure, with separately cited figures running notably higher (base record).

A real, disclosed rent spread

Rent runs $1,772-$2,395/month depending on the cited source and property-type mix -- a real, disclosed spread in a genuinely small rental market (base record).

Property tax near the WV statewide median

Ownwell's cited 0.70%-0.74% effective rates (split by the town's dual-county straddle) run essentially at parity with WV's statewide median (~0.71%) (base record).

West Virginia's real 4.58% top income tax rate

West Virginia's real, current 5-step income tax (2.11% to 4.58%) applies in Shepherdstown as statewide, alongside a full 100% Social Security exemption for tax year 2026 (base record).

Key takeaways

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Last reviewed: 2026-08-28. Independent research; not financial, tax, or legal advice -- confirm current figures with a local professional before making a decision.