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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 35,571, 1,917 total housing units (homes and apartments), and a median house value of $125,720, house prices in Wayne are solidly below the national average.
Single-family detached homes are the single most common housing type in Wayne, accounting for 54.61% of the town's housing units. Other types of housing that are prevalent in Wayne include large apartment complexes or high rise apartments ( 23.89%), row houses and other attached homes ( 16.66%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.74%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Wayne. Owner-occupied housing accounts for 68.11% of Wayne's homes, and 50.64% have either three or four bedrooms, which is average sized relative to America.
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. Wayne's housing was primarily built during this period, from the '40s through the '60s. A full 40.47% of the town's housing hails from this era. Other housing ages represented in Wayne include homes built between 1970-1999 ( 38.84%) and housing constructed before 1939 ( 16.54%). There's also some housing in Wayne built between 2000 and later ( 4.14%).
Appreciation rates for homes in Wayne have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 15.06%, which ranks in the top 30% nationwide. This equates to an annual average Wayne house appreciation rate of 1.41%.
Appreciation rates are so strong in Wayne that despite a nationwide downturn in the housing market, Wayne real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Wayne appreciation rates continue to be some of the highest in America, at 6.69%, which is higher than appreciation rates in 70.86% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Wayne. Wayne appreciation rates in the latest quarter were at 2.05%, which equates to an annual appreciation rate of 8.47%.
Importantly, this makes Wayne 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 Pennsylvania, our data show that Wayne's latest annual appreciation rate is higher than 80% of the other cities and towns in Pennsylvania.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Wayne differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Wayne - 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 Wayne real estate investment or home purchase decisions.
|$846,001 - $1,128,000||0.0|
|$564,001 - $846,000||1.3|
|$451,001 - $564,000||0.6|
|$339,001 - $451,000||1.3|
|$226,001 - $339,000||9.9|
|$113,001 - $226,000||37.5|
|$56,001 - $113,000||40.3|
|$0 - $56,000||8.5|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q3 - 2017 Q4
Last 12 Months:
2016 Q4 - 2017 Q4
Last 2 Years:
2015 Q4 - 2017 Q4
Last 5 Years:
2012 Q4 - 2017 Q4
Last 10 Years:
2007 Q4 - 2017 Q4
2000 Q1 - 2017 Q4
|* 10 is highest|
|AGE OF Wayne HOMES|
|2000 or Newer||4.1|
|1970 - 1999||38.8|
|1940 - 1969||40.5|
|1939 or Older||16.5|
|TYPE OF Wayne HOMES|
|Small Apt. Buildings||4.7|
|SIZE OF Wayne HOMES|
|5 or more bedrooms||13.78|