Waynesboro, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Waynesboro Neighborhoods Since 2000




Waynesboro, GA Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Waynesboro Housing Market Information

With a population of 5,704, 2,073 total housing units (homes and apartments), and a median house value of $90,847, 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 62.48% 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 ( 23.32%), large apartment complexes or high rise apartments ( 8.89%), and a few mobile homes or trailers ( 4.53%).

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 43.90% owning and 56.10% 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 ( 31.04%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.96%). There's also some housing in Waynesboro built before 1939 ( 10.88%).

Vacant housing appears to be an issue in Waynesboro. Fully 10.49% 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 9.32%, which ranks in the top 30% nationwide. This equates to an annual average Waynesboro house appreciation rate of 0.90%.

NeighborhoodScout's data show that during the latest twelve months, Waynesboro's appreciation rate, at 3.76%, has been at or slightly above the national average. In the latest quarter, Waynesboro's appreciation rate has been 0.72%, which annualizes to a rate of 2.91%.

Relative to Georgia, our data show that Waynesboro's latest annual appreciation rate is lower than 50% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$90,847

Waynesboro, GA HOME PRICES

Value Range
> $1,070,000 0.0
$802,001 - $1,070,000 0.3
$535,001 - $802,000 2.2
$428,001 - $535,000 1.7
$321,001 - $428,000 1.0
$214,001 - $321,000 8.6
$107,001 - $214,000 31.2
$54,001 - $107,000 36.5
$0 - $54,000 18.5

Low for GA
Very Low for Nation

Value Relative to Nation Value Relative to State
83.3997421774288 73.3615221987315

Number Of Homes And Apartments:
2,073

Waynesboro Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
52.45% 2.47% 10 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$579 / per month

Homeownership Rate

Homeownership
Owners 43.90
Renters 56.10
Vacant 10.49

Housing Market Details

 

Age of Homes

AGE OF Waynesboro HOMES
2000 or Newer 12.0
1970 - 1999 46.1
1940 - 1969 31.0
1939 or Older 10.9

Types of Homes

TYPE OF Waynesboro HOMES
Single-Family 62.5
Townhomes 0.8
Small Apt. Buildings 23.3
Apt. Complexes 8.9
Mobile Homes 4.5
Other 0.0

Home Size

SIZE OF Waynesboro HOMES
No Bedroom 1.68
1 Bedroom 10.71
2 Bedrooms 26.77
3 Bedrooms 44.86
4 Bedrooms 13.00
5 or more bedrooms 2.98

Popular Neighborhoods in Waynesboro

Popular Communities Near Waynesboro, GA

Zip Codes in Waynesboro, GA