Wayne WV
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Wayne, WV 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 Q2 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Wayne Housing Market Information

With 1,392 people, 665 houses or apartments, and a median cost of homes of $152,837, 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 59.75% of the town's housing units. Other types of housing that are prevalent in Wayne include mobile homes or trailers ( 20.37%), large apartment complexes or high rise apartments ( 11.17%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.63%).

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

There is a lot of housing in Wayne built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Wayne built between 1940-1969 ( 38.77%). A lesser amount of the housing stock also hails from before 1939 ( 9.69%). There's also some housing in Wayne built between 2000 and later ( 4.17%).

Vacant housing appears to be an issue in Wayne. Fully 18.40% of the housing stock is classified as vacant. Left unchecked, vacant Wayne homes and apartments can be a drag on the real estate market, holding Wayne 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.

Wayne Home Appreciation Rates

Wayne's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Wayne during the period has been just 1.62%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Wayne's appreciation rate, at 4.86%, has been at or slightly above the national average. In the latest quarter, Wayne's appreciation rate has been -0.36%, which annualizes to a rate of -1.44%.

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

Relative to West Virginia, our data show that Wayne's latest annual appreciation rate is higher than 70% of the other cities and towns in West Virginia.

Average Home Values

 

Median Home Value:
$152,837

Wayne, WV HOME PRICES

Value Range
> $1,086,000 0.0
$814,001 - $1,086,000 0.5
$543,001 - $814,000 4.0
$434,001 - $543,000 1.0
$326,001 - $434,000 9.5
$217,001 - $326,000 11.7
$108,001 - $217,000 28.5
$54,001 - $108,000 24.6
$0 - $54,000 20.0

High for WV
Average for Nation

Value Relative to Nation Value Relative to State
59.8131386861314 24.7863247863248

Number Of Homes And Apartments:
665

Wayne Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WV*
Compared To
America*
Latest Quarter:
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
Since 2000:
2000 Q1 - 2020 Q2
52.87% 2.09%
4
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$905 / per month

Homeownership Rate

Homeownership
Owners 44.06
Renters 55.94
Vacant 18.40

Housing Market Details

 

Age of Homes

AGE OF Wayne HOMES
2000 or Newer 4.2
1970 - 1999 47.4
1940 - 1969 38.8
1939 or Older 9.7

Types of Homes

TYPE OF Wayne HOMES
Single-Family 59.8
Townhomes 1.5
Small Apt. Buildings 6.6
Apt. Complexes 11.2
Mobile Homes 20.4
Other 0.6

Home Size

SIZE OF Wayne HOMES
No Bedroom 2.70
1 Bedroom 11.66
2 Bedrooms 45.52
3 Bedrooms 35.09
4 Bedrooms 3.68
5 or more bedrooms 1.35

Popular Neighborhoods in Wayne

Zip Codes in Wayne, WV