Waynesville, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Waynesville Neighborhoods Since 2000




Waynesville, NC Real Estate Data


Waynesville Housing Market Information

With 9,809 people, 4,690 houses or apartments, and a median cost of homes of $172,227, Waynesville real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Waynesville, accounting for 65.93% of the town's housing units. Other types of housing that are prevalent in Waynesville include mobile homes or trailers ( 11.80%), large apartment complexes or high rise apartments ( 11.62%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.46%).

The most prevalent building size and type in Waynesville are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 57.00% owning and 43.00% 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. Waynesville's housing was primarily built during this period, from the '40s through the '60s. A full 40.43% of the town's housing hails from this era. Other housing ages represented in Waynesville include homes built between 1970-1999 ( 35.26%) and housing constructed between 2000 and later ( 13.76%). There's also some housing in Waynesville built before 1939 ( 10.55%).

Vacant housing appears to be an issue in Waynesville. Fully 18.65% of the housing stock is classified as vacant. Left unchecked, vacant Waynesville homes and apartments can be a drag on the real estate market, holding Waynesville 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.

Waynesville Home Appreciation Rates

Real estate appreciation rates in Waynesville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.60% during the period.

NeighborhoodScout's data show that during the latest twelve months, Waynesville's appreciation rate, at 4.43%, has been at or slightly above the national average. In the latest quarter, Waynesville's appreciation rate has been 3.54%, which annualizes to a rate of 14.92%.

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

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

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Waynesville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Waynesville - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Waynesville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$172,227

Waynesville, NC HOME PRICES

Value Range
> $1,092,000 0.5
$819,001 - $1,092,000 0.7
$546,001 - $819,000 3.3
$437,001 - $546,000 4.3
$328,001 - $437,000 8.3
$218,001 - $328,000 16.9
$109,001 - $218,000 39.0
$55,001 - $109,000 16.4
$0 - $55,000 10.7

High for NC
Average for Nation

Value Relative to Nation Value Relative to State
41.9218832347602 34.3012704174229

Number Of Homes And Apartments:
4,690

Rent & Ownership

 

Average Market Rent:
$1,214 / per month

Homeownership Rate

Homeownership
Owners 57.00
Renters 43.00
Vacant 18.65

Housing Market Details

 

Age of Homes

AGE OF Waynesville HOMES
2000 or Newer 13.8
1970 - 1999 35.3
1940 - 1969 40.4
1939 or Older 10.5

Types of Homes

TYPE OF Waynesville HOMES
Single-Family 65.9
Townhomes 2.2
Small Apt. Buildings 8.5
Apt. Complexes 11.6
Mobile Homes 11.8
Other 0.0

Home Size

SIZE OF Waynesville HOMES
No Bedroom 2.10
1 Bedroom 11.15
2 Bedrooms 28.66
3 Bedrooms 43.76
4 Bedrooms 11.66
5 or more bedrooms 2.67

Waynesville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
32.13% 1.65% 6 3
* 10 is highest