Waynesville, NC—28785
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Waynesville, NC
Home Price Trends — Waynesville, NC
As of Oct '25, the median home price in Waynesville, NC is $391,000, with a year-over-year change of -1.6%. This indicates that home prices in Waynesville, NC are decreasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $391,000 | -1.6% |
| Single Family | $393,000 | -2.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $330,000 | -2.1% |
3 Bed | $457,000 | -1.5% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Waynesville, NC
As of July '25, Rentcast reports the average rent in Waynesville, NC is $1,730, with a year-over-year rent change of 1.2%. Per bedroom, the median rent as of July '25 in Waynesville, NC is 1-bedrooms: $995, 2-bedrooms: $1,400, 3-bedrooms: $2,000, 4-bedrooms: $2,400. The most common rental property sizes in Waynesville, NC are 3-bedroom and 2-bedroom, accounting for 45.5% and 36.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,730 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $995 | $995 |
| 2 Bed Rent | $1,400 | $1,400 |
| 3 Bed Rent | $2,000 | $2,000 |
| 4 Bed Rent | $2,400 | $2,400 |
% of Rental Stock
Property Listings — Waynesville, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Waynesville, NC is 81. This is a increase of 36.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $479,000 | -23.0% |
Listing Count | 118 | 60.0% |
| Listings as % of Homes | 0.8% | 60.0% |
Days on Market | 81 | 36.0% |
Demographics — Waynesville, NC
As of the latest ACS Survey released in 2023, Waynesville, NC has a population of 8,620, which has increased by 10.3% over the past 5 years. Waynesville, NC is a moderately popular place for families, as children make up 17.0% of the population. The area has a moderately educated workforce, with 32.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,620 | 10.3% |
% Under 18 | 17.0% | -7.1% |
% Seniors | 26.4% | 12.3% |
% WFH | 12.1% | 112.3% |
% w/ College Degree | 32.9% | 15.0% |
As of the latest ACS Survey released in 2023, Waynesville, NC is a predominantly white area, with 94.3% of the population identifying as white. The white population has shrunk by 1.4% in the last 5 years. The second most common race or ethnicity in Waynesville, NC is hispanic, making up 3.0% of the population. Foreign-born residents account for 1.5% of the population in Waynesville, NC, and this percentage has increased by 25.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 94.3% | -1.4% |
% Black | 0.1% | ∞% |
% Hispanic | 3.0% | -16.7% |
% Asian | 0.3% | ∞% |
% Foreign Born | 1.5% | 25.0% |
Mortgage and Risk — Waynesville, NC
According to HUD data as of 2023, there were 143 mortgage originations in Waynesville, NC, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Waynesville, NC. Investor activity is low, as 4.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 143 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 4.0% |
% Second Loans | 15.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Waynesville, NC
As of 2024, the percent of homes in Waynesville, NC under the Section 8 program is 8.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Waynesville, NC, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 48 |
Total Units Section 8 | 48 |
% Rentals under Section 8 | 8.9% |
% Occupied Section 8 | 75.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $105 | $995 | $1,100 |
| 2 Bedroom | -$180 | $1,400 | $1,220 |
| 3 Bedroom | -$530 | $2,000 | $1,470 |
| 4 Bedroom | -$670 | $2,400 | $1,730 |
Affordability — Waynesville, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.6 |
| Median Home Price | $391,000 |
| Median Household Income | $63,800 |