Wayne, WV Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Wayne, WV Housing Market Trends

With 1,576 people, 549 houses or apartments, and a median cost of homes of $173,122, Wayne 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 Wayne, accounting for 55.20% of the town's housing units. Other types of housing that are prevalent in Wayne include mobile homes or trailers ( 20.80%), large apartment complexes or high rise apartments ( 15.02%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.68%).

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 ( 33.38%). A lesser amount of the housing stock also hails from before 1939 ( 8.47%). There's also some housing in Wayne built between 2000 and later ( 4.62%).

Vacant housing appears to be an issue in Wayne. Fully 29.53% 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

Real estate appreciation rates in Wayne's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.39% during the period.

NeighborhoodScout's data show that during the latest twelve months, Wayne's appreciation rate, at 5.83%, has been at or slightly above the national average. In the latest quarter, Wayne's appreciation rate has been 3.77%, which annualizes to a rate of 15.95%.

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 West Virginia, our data show that Wayne's latest annual appreciation rate is higher than 80% of the other cities and towns in West Virginia.

Average Home Values

 
info

Median Home Value:
$173,122

Wayne, WV HOME PRICES

> $1,127,000
0.0%
0.0%
$845,001 - $1,127,000
0.6%
0.6%
$563,001 - $845,000
3.2%
3.2%
$450,001 - $563,000
1.1%
1.1%
$338,001 - $450,000
9.7%
9.7%
$225,001 - $338,000
15.4%
15.4%
$113,001 - $225,000
30.8%
30.8%
$56,001 - $113,000
22.2%
22.2%
$0 - $56,000
17.1%
17.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Very High for WV

Value Relative To Nation

Number Of Homes And Apartments:
549

Wayne Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WV*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
71.04% 2.59%
6
5
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$916 / per month

Homeownership Rate

Owners
43.7%
43.7%
Renters
56.3%
56.3%
Vacant
29.5%
29.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
4.6%
4.6%
1970 - 1999
53.5%
53.5%
1940 - 1969
33.4%
33.4%
1939 or Older
8.5%
8.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
55.2%
55.2%
Townhomes
1.5%
1.5%
Small Apt. Buildings
6.7%
6.7%
Apt. Complexes
15.0%
15.0%
Mobile Homes
20.8%
20.8%
Other
0.8%
0.8%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.6%
2.6%
1 Bedroom
15.7%
15.7%
2 Bedrooms
45.7%
45.7%
3 Bedrooms
33.0%
33.0%
4 Bedrooms
1.7%
1.7%
5 or more bedrooms
1.4%
1.4%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Wayne

Zip Codes in Wayne, WV