Waynesboro, MS 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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

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

Waynesboro, MS Housing Market Trends

With a population of 4,567, 1,995 total housing units (homes and apartments), and a median house value of $91,483, 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 64.93% of the city's housing units. Other types of housing that are prevalent in Waynesboro include mobile homes or trailers ( 21.75%), duplexes, homes converted to apartments or other small apartment buildings ( 7.01%), and a few large apartment complexes or high rise apartments ( 6.30%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Waynesboro. Owner-occupied housing accounts for 69.34% of Waynesboro's homes, and 62.30% have either three or four bedrooms, which is average sized relative to America.

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 ( 38.46%). A lesser amount of the housing stock also hails from before 1939 ( 10.61%). There's also some housing in Waynesboro built between 2000 and later ( 4.18%).

Vacant housing appears to be an issue in Waynesboro. Fully 16.70% 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

Some of the lowest real estate appreciation rates in America over the last ten years have been in Waynesboro, where house values have increased just 25.64%, which is annualized rate of 2.31%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Over the last year, Waynesboro appreciation rates have trailed the rest of the nation. In the last twelve months, Waynesboro's appreciation rate has been 13.01%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Waynesboro were at 6.19%, which equates to an annual appreciation rate of 27.16%.

Relative to Mississippi, our data show that Waynesboro's latest annual appreciation rate is lower than 90% of the other cities and towns in Mississippi.

Average Home Values

 

Median Home Value:
$91,483

Waynesboro, MS HOME PRICES

> $1,135,000
0.0%
0.0%
$851,001 - $1,135,000
0.0%
0.0%
$568,001 - $851,000
0.0%
0.0%
$454,001 - $568,000
0.1%
0.1%
$340,001 - $454,000
0.2%
0.2%
$227,001 - $340,000
6.0%
6.0%
$113,001 - $227,000
23.1%
23.1%
$57,001 - $113,000
55.7%
55.7%
$0 - $57,000
15.0%
15.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very Low for Nation

Low for MS

Value Relative To Nation

Number Of Homes And Apartments:
1,995

Waynesboro Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MS*
Compared To
America*
Latest Quarter:
2021 Q3 - 2021 Q4
Last 12 Months:
2020 Q4 - 2021 Q4
Last 2 Years:
2019 Q4 - 2021 Q4
Last 5 Years:
2016 Q4 - 2021 Q4
Last 10 Years:
2011 Q4 - 2021 Q4
Since 2000:
2000 Q1 - 2021 Q4
40.79% 1.57%
1
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$764 / per month

Homeownership Rate

Owners
69.3%
69.3%
Renters
30.7%
30.7%
Vacant
16.7%
16.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
4.2%
4.2%
1970 - 1999
46.8%
46.8%
1940 - 1969
38.5%
38.5%
1939 or Older
10.6%
10.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
64.9%
64.9%
Townhomes
0.0%
0.0%
Small Apt. Buildings
7.0%
7.0%
Apt. Complexes
6.3%
6.3%
Mobile Homes
21.8%
21.8%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
4.8%
4.8%
1 Bedroom
1.1%
1.1%
2 Bedrooms
30.1%
30.1%
3 Bedrooms
56.0%
56.0%
4 Bedrooms
6.3%
6.3%
5 or more bedrooms
1.7%
1.7%
0.0% 100.0%
% OF HOMES

Popular Communities Near Waynesboro, MS

Zip Codes in Waynesboro, MS