Waynesboro, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Waynesboro Neighborhoods Since 2000




Waynesboro, PA 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 a population of 10,848, 4,620 total housing units (homes and apartments), and a median house value of $152,940, Waynesboro 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 Waynesboro, accounting for 43.55% of the borough's housing units. Other types of housing that are prevalent in Waynesboro include duplexes, homes converted to apartments or other small apartment buildings ( 24.90%), large apartment complexes or high rise apartments ( 16.10%), and a few row houses and other attached homes ( 13.46%).

People in Waynesboro primarily live in small (one, two or no bedroom) single-family detached homes. Waynesboro has a mixture of owner-occupied and renter-occupied housing.

The housing in Waynesboro was primarily built before 1939 ( 40.09%), making the housing stock in Waynesboro some of the oldest overall in America, although there is a range of ages of homes in Waynesboro. The next most important housing age is between 1940-1969 ( 28.96%), followed by between 1970-1999 ( 19.09%). There's also some housing in Waynesboro built between 2000 and later ( 11.85%).

Vacant housing appears to be an issue in Waynesboro. Fully 10.26% 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

Waynesboro's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Waynesboro during the period has been just -1.98%, which is lower than 80% of US communities.

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 3.12%, 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 0.52%, which equates to an annual appreciation rate of 2.09%.

Relative to Pennsylvania, our data show that Waynesboro's latest annual appreciation rate is higher than 60% 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 borough. Individual neighborhoods within Waynesboro differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Waynesboro - 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 Waynesboro real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$152,940

Waynesboro, PA HOME PRICES

Value Range
> $1,061,000 0.5
$796,001 - $1,061,000 0.0
$531,001 - $796,000 1.6
$424,001 - $531,000 0.5
$319,001 - $424,000 3.8
$212,001 - $319,000 10.5
$107,001 - $212,000 58.7
$53,001 - $107,000 20.7
$0 - $53,000 3.8

Average for PA
Average for Nation

Value Relative to Nation Value Relative to State
48.7577639751553 43.1884057971014

Number Of Homes And Apartments:
4,620

Waynesboro Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
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
46.18% 2.23% 6 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$839 / per month

Homeownership Rate

Homeownership
Owners 48.05
Renters 51.95
Vacant 10.26

Housing Market Details

 

Age of Homes

AGE OF Waynesboro HOMES
2000 or Newer 11.8
1970 - 1999 19.1
1940 - 1969 29.0
1939 or Older 40.1

Types of Homes

TYPE OF Waynesboro HOMES
Single-Family 43.6
Townhomes 13.5
Small Apt. Buildings 24.9
Apt. Complexes 16.1
Mobile Homes 2.0
Other 0.0

Home Size

SIZE OF Waynesboro HOMES
No Bedroom 2.23
1 Bedroom 20.32
2 Bedrooms 27.87
3 Bedrooms 34.81
4 Bedrooms 11.19
5 or more bedrooms 3.57