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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Waynesboro, GA Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Waynesboro, GA Housing Market Trends

With 5,635 people, 2,027 houses or apartments, and a median cost of homes of $185,451, 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.

Waynesboro Home Appreciation Rates

Appreciation rates for homes in Waynesboro have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 106.27%, which ranks in the top 30% nationwide. This equates to an annual average Waynesboro house appreciation rate of 7.51%.

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 9.33%, which is higher than appreciation rates in 92.93% 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 3.06%, which equates to an annual appreciation rate of 12.82%.

Importantly, this makes Waynesboro one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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.

Average Home Values

Median Home Value

$185,451

Waynesboro, GA Home Prices
> $1,459,000
$1,094,001 - $1,459,000
$730,001 - $1,094,000
$583,001 - $730,000
$438,001 - $583,000
$292,001 - $438,000
$146,001 - $292,000
$73,001 - $146,000
$0 - $73,000
3.5%
3.5%
0.7%
0.7%
1.0%
1.0%
3.5%
3.5%
3.4%
3.4%
18.4%
18.4%
33.6%
33.6%
24.7%
24.7%
11.1%
11.1%
0% 100.0%
% of Homes
Low

for Georgia

Low

for nation

Number of Homes And Apartments:

2,027

Waynesboro Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,309 / per month

Homeownership Rate

Owners
Renters
38.7%
38.7%
61.3%
61.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
13.8%
13.8%
86.2%
86.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
10.6%
10.6%
49.4%
49.4%
32.0%
32.0%
8.0%
8.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
65.1%
65.1%
0.0%
0.0%
28.4%
28.4%
3.1%
3.1%
3.4%
3.4%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
6.1%
6.1%
32.6%
32.6%
50.1%
50.1%
9.7%
9.7%
1.4%
1.4%
0% 100.0%
% of Homes

Popular Communities Near Waynesboro, GA

Zip Codes in Waynesboro, GA