Waynesburg, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Waynesburg Neighborhoods Since 2000




Waynesburg, 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

Waynesburg Housing Market Information

With a population of 4,045, 1,476 total housing units (homes and apartments), and a median house value of $84,533, house prices in Waynesburg are some of the most affordable in Pennsylvania as well as the nation.

Single-family detached homes are the single most common housing type in Waynesburg, accounting for 54.38% of the borough's housing units. Other types of housing that are prevalent in Waynesburg include duplexes, homes converted to apartments or other small apartment buildings ( 28.77%), large apartment complexes or high rise apartments ( 11.63%), and a few row houses and other attached homes ( 3.32%).

Waynesburg is dominated by renter-occupied one, two, or no bedrooms apartments. 65.19% of Waynesburg's dwellings are rentals.

The housing in Waynesburg was primarily built before 1939 ( 48.88%), making the housing stock in Waynesburg some of the oldest overall in America, although there is a range of ages of homes in Waynesburg. The next most important housing age is between 1940-1969 ( 33.07%), followed by between 1970-1999 ( 13.81%). There's also some housing in Waynesburg built between 2000 and later ( 4.24%).

Vacant housing appears to be an issue in Waynesburg. Fully 15.42% of the housing stock is classified as vacant. Left unchecked, vacant Waynesburg homes and apartments can be a drag on the real estate market, holding Waynesburg 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.

Waynesburg Home Appreciation Rates

Appreciation rates for homes in Waynesburg have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.93%, which ranks in the top 40% nationwide. This equates to an annual average Waynesburg house appreciation rate of 0.58%.

Over the last year, Waynesburg appreciation rates have trailed the rest of the nation. In the last twelve months, Waynesburg's appreciation rate has been 1.43%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Waynesburg were at -1.59%, which equates to an annual appreciation rate of -6.20%.

Notably, Waynesburg's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Pennsylvania, our data show that Waynesburg's latest annual appreciation rate is lower than 60% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$84,533

Waynesburg, PA HOME PRICES

Value Range
> $1,027,000 0.0
$771,001 - $1,027,000 0.0
$513,001 - $771,000 0.0
$411,001 - $513,000 0.0
$308,001 - $411,000 0.0
$206,001 - $308,000 6.0
$103,001 - $206,000 27.9
$52,001 - $103,000 49.0
$0 - $52,000 17.1

Very Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
87.6889722254776 86.7632850241546

Number Of Homes And Apartments:
1,476

Waynesburg 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
48.35% 2.31% 6 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$821 / per month

Homeownership Rate

Homeownership
Owners 34.81
Renters 65.19
Vacant 15.42

Housing Market Details

 

Age of Homes

AGE OF Waynesburg HOMES
2000 or Newer 4.2
1970 - 1999 13.8
1940 - 1969 33.1
1939 or Older 48.9

Types of Homes

TYPE OF Waynesburg HOMES
Single-Family 54.4
Townhomes 3.3
Small Apt. Buildings 28.8
Apt. Complexes 11.6
Mobile Homes 1.9
Other 0.0

Home Size

SIZE OF Waynesburg HOMES
No Bedroom 2.58
1 Bedroom 17.59
2 Bedrooms 30.83
3 Bedrooms 36.22
4 Bedrooms 10.37
5 or more bedrooms 2.41