Waynesboro, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Waynesboro, MS 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 4,975 people, 1,793 houses or apartments, and a median cost of homes of $89,482, the cost of homes in Waynesboro is among some of the lowest in the nation. Compared to Mississippi, however, Waynesboro real state is not on the lower end of the price spectrum.

Single-family detached homes are the single most common housing type in Waynesboro, accounting for 57.69% of the city's housing units. Other types of housing that are prevalent in Waynesboro include mobile homes or trailers ( 19.20%), large apartment complexes or high rise apartments ( 13.78%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.32%).

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 60.95% owning and 39.05% 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 ( 28.76%). A lesser amount of the housing stock also hails from before 1939 ( 7.81%). There's also some housing in Waynesboro built between 2000 and later ( 5.24%).

Vacant housing appears to be an issue in Waynesboro. Fully 17.64% 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 5.52%, which ranks in the top 40% nationwide. This equates to an annual average Waynesboro house appreciation rate of 0.54%.

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 0.47%, 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 0.54%, which equates to an annual appreciation rate of 2.17%.

Relative to Mississippi, our data show that Waynesboro's latest annual appreciation rate is lower than 80% of the other cities and towns in Mississippi.

Average Home Values

 

Median Home Value:
$89,482

Waynesboro, MS HOME PRICES

Value Range
> $1,064,000 0.0
$798,001 - $1,064,000 0.0
$532,001 - $798,000 0.0
$426,001 - $532,000 0.0
$319,001 - $426,000 0.8
$213,001 - $319,000 2.8
$106,001 - $213,000 33.7
$53,001 - $106,000 29.6
$0 - $53,000 33.2

Average for MS
Very Low for Nation

Value Relative to Nation Value Relative to State
84.3489980077347 50.6122448979592

Number Of Homes And Apartments:
1,793

Waynesboro Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MS*
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
24.36% 1.27% 2 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$739 / per month

Homeownership Rate

Homeownership
Owners 60.95
Renters 39.05
Vacant 17.64

Housing Market Details

 

Age of Homes

AGE OF Waynesboro HOMES
2000 or Newer 5.2
1970 - 1999 58.2
1940 - 1969 28.8
1939 or Older 7.8

Types of Homes

TYPE OF Waynesboro HOMES
Single-Family 57.7
Townhomes 0.0
Small Apt. Buildings 9.3
Apt. Complexes 13.8
Mobile Homes 19.2
Other 0.0

Home Size

SIZE OF Waynesboro HOMES
No Bedroom 7.90
1 Bedroom 6.89
2 Bedrooms 27.33
3 Bedrooms 44.01
4 Bedrooms 10.84
5 or more bedrooms 3.03

Popular Neighborhoods in Waynesboro

Popular Communities Near Waynesboro, MS

Zip Codes in Waynesboro, MS