Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$293,551+2.0% YoY · prices are rising
Market right nowBalanced marketMore homes for sale than last year, 19% have cut their price
Income needed to buy, per year$63,636About 1.0× the local median income ($64,070): affordable for a typical household
Days on market55 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+4.0%Zillow expects prices to rise slightly
The typical home in Waynesboro City, VA is worth $293,551, up 2.0% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $279,560, so the area is 5.0% overvalued. It is a balanced market: homes take about 55 days to sell, listings are up 25% from a year ago, 19% of listings have had a price cut. Zillow expects prices to rise about 4.0% over the next year. A household needs about $63,636 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $64,070. Typical rent is $1,398 a month, or $1,729 for a house. In the latest IRS figures, 301 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$293,551
Change in 1 year
+2.0%
Overvalued %
+5.0%
Show 7 more
Fair home value
$279,560
Change in 5 years
+24.7%
Zillow forecast, next 12 months
+4.0%
Home value to income
4.6×
Monthly mortgage payment (20% down)
$1,591
Income needed to afford it
$63,636
Property tax rate
0.67%
Rent and investing
Typical rent
$1,398
Typical rent for houses
$1,729
Price-to-rent ratio
17.5×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,199
Gross rental yield
5.71%
Cap rate (estimate)
3.71%
Market activity
Listings vs a year ago
+25.0%
Days on market
55
Listings with a price cut
19.4%
Show 3 more
Homes for sale
100
Pending sales per 100 listings
72
Asking price per sq ft
$196
People and jobs
Median household income
$64,070
Population change (1 year)
+1.6%
Unemployment rate
5.1%
Show 4 more
Population
23,951
Income adjusted for cost of living
$70,329
Net moves in (IRS)
+301
Cost of living (US = 100)
91.1
Schools, risk and environment
School rating (1 to 10)
2.7
FEMA hazard risk score (0 to 100)
10.3
Flood risk score
31.1
Show 3 more
Wildfire risk score
2.6
Walkability (1 to 20)
8.1
Road, rail and air noise
52 dB
Questions people ask
Is Waynesboro City, VA overvalued?
Home prices in Waynesboro City, VA are slightly above what local incomes have historically supported: fair value is about $279,560, so the area is 5.0% overvalued.
Is Waynesboro City, VA a buyer's or seller's market?
Waynesboro City, VA is a balanced market: homes take about 55 days to sell, listings are up 25% from a year ago, 19% of listings have had a price cut.
Are home prices going down in Waynesboro City, VA?
Home values in Waynesboro City, VA are up 2.0% over the last year. Zillow's forecast for the next 12 months is +4.0%.
How much do you need to earn to buy a home in Waynesboro City, VA?
A household needs about $63,636 a year to afford the typical home in Waynesboro City, VA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $64,070.