Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 5,635, 2,027 total housing units (homes and apartments), and a median house value of $204,780, house prices in Waynesboro are solidly below the national average.
Single-family detached homes are the single most common housing type in Waynesboro, accounting for 65.12% of the city's housing units. Other types of housing that are prevalent in Waynesboro include duplexes, homes converted to apartments or other small apartment buildings ( 28.37%), mobile homes or trailers ( 3.40%), and a few large apartment complexes or high rise apartments ( 3.11%).
The most prevalent building size and type in Waynesboro are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 38.68% owning and 61.32% renting.
There is a lot of housing in Waynesboro built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Waynesboro built between 1940-1969 ( 32.03%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.59%). There's also some housing in Waynesboro built before 1939 ( 7.95%).
Vacant housing appears to be an issue in Waynesboro. Fully 13.78% of the housing stock is classified as vacant. Left unchecked, vacant Waynesboro homes and apartments can be a drag on the real estate market, holding Waynesboro real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
In the last 10 years, Waynesboro has experienced some of the highest home appreciation rates of any community in the nation. Waynesboro real estate appreciated 128.50% over the last ten years, which is an average annual home appreciation rate of 8.61%, putting Waynesboro in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Waynesboro definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Waynesboro that despite a nationwide downturn in the housing market, Waynesboro real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Waynesboro appreciation rates continue to be some of the highest in America, at 19.12%, which is higher than appreciation rates in 94.25% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Waynesboro. Waynesboro appreciation rates in the latest quarter were at 2.20%, which equates to an annual appreciation rate of 9.11%.
Relative to Georgia, our data show that Waynesboro's latest annual appreciation rate is higher than 90% of the other cities and towns in Georgia.
$204,780
for Georgia
for nation
2,027
$1,250 / per month