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 35,567 people, 1,951 houses or apartments, and a median cost of homes of $110,773, 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 55.35% of the town's housing units. Other types of housing that are prevalent in Wayne include large apartment complexes or high rise apartments ( 23.38%), row houses and other attached homes ( 16.64%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.63%).
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 68.43% of Wayne's homes, and 50.08% 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 42.36% of the town's housing hails from this era. Other housing ages represented in Wayne include homes built between 1970-1999 ( 37.16%) and housing constructed before 1939 ( 16.04%). There's also some housing in Wayne built between 2000 and later ( 4.44%).
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 12.84%, which ranks in the top 30% nationwide. This equates to an annual average Wayne house appreciation rate of 1.22%.
NeighborhoodScout's data show that during the latest twelve months, Wayne's appreciation rate, at 4.37%, has been at or slightly above the national average. In the latest quarter, Wayne's appreciation rate has been 0.49%, which annualizes to a rate of 1.97%.
Notably, Wayne's appreciation rate in the latest quarter is one of the lowest in America.
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.
|$821,001 - $1,094,000||0.0|
|$547,001 - $821,000||0.9|
|$438,001 - $547,000||0.8|
|$328,001 - $438,000||1.4|
|$219,001 - $328,000||6.8|
|$109,001 - $219,000||39.2|
|$55,001 - $109,000||42.0|
|$0 - $55,000||8.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
2000 Q1 - 2017 Q2
|* 10 is highest|
|AGE OF Wayne HOMES|
|2000 or Newer||4.4|
|1970 - 1999||37.2|
|1940 - 1969||42.4|
|1939 or Older||16.0|
|TYPE OF Wayne HOMES|
|Small Apt. Buildings||4.6|
|SIZE OF Wayne HOMES|
|5 or more bedrooms||14.41|