Shipman, VA
Population 489 · Virginia
About Shipman, VA
Shipman is a small community located in Virginia with a population of 489 residents according to the latest US Census Bureau American Community Survey data. The median household income is $45,982 per year, which is 39% below the national median of $75,149. The median age of 42.1 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Shipman features a median home value of $237,900, which is 3% below the national median of $244,900. This positions Shipman in a moderately priced market relative to the rest of the country. Median monthly rent is $1,091, 6% below the national average of $1,163/month. Of the 335 total housing units, 57% are owner-occupied (120 units) and 43% are renter-occupied (89 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Shipman shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 21.3%, above the national average of 12.4%. Workers in Shipman have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
7.6% of Shipman residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 2.5% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 25.2% of the population being foreign-born.
Cost of Living in Shipman, VA
Compared to national averages, Shipman has a median household income of $45,982 (39% below the national median of $75,149). Home values average $237,900, which is 3% below the national median. Monthly rent at $1,091 is 6% below the US average of $1,163. Within Virginia, Shipman's income is 48% below the state average of $87,957, and home values are 27% below the state median of $327,514.
Why Live in Shipman, VA?
Shipman offers affordable housing with a median home value of $237,900, below the US average of $244,900, and rent that’s lower than the national average at $1,091/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features short commute times averaging just 0 minutes.
Potential considerations include median household income ($45,982) that falls below the national average. However, Shipman’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Shipman has a population of 489 with a median age of 42.1 years. Compare Shipman with other cities to see how it stacks up, or explore all cities in Virginia.
Similar Cities Near Shipman
Cities in Virginia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Burkeville | 489 | $53,542 | $90,700 | Compare |
| Scottsville | 488 | $46,563 | $242,600 | Compare |
| Boykins | 484 | $57,917 | $165,600 | Compare |
| Horntown | 479 | $0 | $138,000 | Compare |
| Fairfield | 477 | $91,354 | $210,600 | Compare |
| Gasburg | 501 | $0 | $232,400 | Compare |
| Drakes Branch | 475 | $19,620 | $119,100 | Compare |
| Irvington | 503 | $145,333 | $395,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Virginia
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Shipman With Other Cities
Frequently Asked Questions about Shipman
What is the population of Shipman, VA?
The population of Shipman, VA is 489 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Virginia.
What is the median household income in Shipman?
The median household income in Shipman, VA is $45,982 per year, which is 39% below the national median of $75,149.
What is the median home value in Shipman?
The median home value in Shipman, VA is $237,900, which is 3% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Shipman?
The median monthly rent in Shipman, VA is $1,091, which is 6% below the national average of $1,163/month.
What is the unemployment rate in Shipman?
The unemployment rate in Shipman, VA is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Shipman, VA a good place to live?
Shipman offers a moderate cost of living, affordable housing, and a strong job market. With a population of 489 and a median age of 42.1, the city appeals to a broad range of residents.
How educated is Shipman, VA?
7.6% of residents in Shipman aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Shipman?
Key cost-of-living indicators for Shipman, VA: median home value is $237,900 (3% below national), median rent is $1,091/month, and median household income is $45,982. The home-value-to-income ratio is 5.2x, a moderate figure by national standards.
What is the poverty rate in Shipman?
The poverty rate in Shipman, VA is 21.3%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Shipman, VA?
Shipman's population is 2.5% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 35.0% two or more races. 25.2% of residents are foreign-born.