Waynesboro appreciation rates and housing market information

Waynesboro housing market information

With 5,690 people, 2,288 houses or apartments, and a median cost of homes of $105,200, 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 62.72% 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 (24.08%), large apartment complexes or high rise apartments (7.34%), mobile homes or trailers (4.55%), and a few row houses and other attached homes (1.31%).

The most prevalent building size and type in Waynesboro are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 52.75% owning, and 42.92% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Waynesboro's housing was primarily built during this period, from the '40s through the '60s. A full 45.72% of the city's housing hails from this era. Other housing ages represented in Waynesboro include homes built between 1970-1994 (41.61%), and housing constructed from 1939 and earlier (9.35%). There's also some housing in Waynesboro built between 1995 and later (3.32%).

Waynesboro home appreciation rates

Real estate appreciation rates in Waynesboro have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 7.13% during the period.

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 4.90%, which is higher than appreciation rates in 76% 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 0.73%, which equates to an annual appreciation rate of 2.92%.

Relative to Georgia, our data show that Waynesboro's latest annual appreciation rate is higher than 68% of the other cities and towns in Georgia.