Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Sherando

Learn about the people, housing, costs and businesses in Sherando, Virginia

Median Home$296,616
Median Rent$1,078/month
Population690
Leading IndustriesWholesale Trade · Professional Services · Education16% wholesale trade
Home Value Growth⬆⬆+20.1% over 2 years
Retirees26% of residentsabove average nationally
Homeowners90% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
Sherando
VA

Frequently Asked Questions

What are today's mortgage rates in Sherando?

As of today, the 30-year fixed mortgage rate for Sherando is approximately 6.901% (6.937% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Sherando
What is the median home price in Sherando?

The median home value in Sherando is $297k. The median monthly rent is $1,078. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Sherando?

Home values in Sherando have increased 20.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Sherando?

Based on a typical all-in ownership cost of $1,212/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $52k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Sherando is $85k/year.

Calculate your buying power
What industries drive the economy in Sherando?

The largest employment sectors in Sherando are public administration (27%) and wholesale trade (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.