Waynesville, NC—28786
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 $346,000, with a year-over-year change of -0.8%. This indicates that home prices in Waynesville, NC are flat. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $346,000 | -0.8% |
| Single Family | $345,000 | -1.7% |
| Condos | $347,000 | 2.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $273,000 | -0.4% |
3 Bed | $374,000 | 0.0% |
4 Bed | $506,000 | -0.2% |
| 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 $1,740, with a year-over-year rent change of 10.8%. Per bedroom, the median rent as of July '25 in Waynesville, NC is studios: $1,500, 1-bedrooms: $1,890, 2-bedrooms: $1,720, 3-bedrooms: $1,640. The most common rental property sizes in Waynesville, NC are 2-bedroom and 3-bedroom, accounting for 36.0% and 31.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $1,740 |
| Studio Rent | $1,500 | $1,500 |
| 1 Bed Rent | $2,350 | $1,890 |
| 2 Bed Rent | $1,750 | $1,720 |
| 3 Bed Rent | $1,600 | $1,640 |
| 4 Bed Rent | N/A | N/A |
% 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 82. 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $473,000 | -12.0% |
Listing Count | 174 | 56.0% |
| Listings as % of Homes | 0.8% | 56.0% |
Days on Market | 82 | 36.0% |
Demographics — Waynesville, NC
As of the latest ACS Survey released in 2023, Waynesville, NC has a population of 22,200, which has increased by 6.4% over the past 5 years. Waynesville, NC is a moderately popular place for families, as children make up 17.2% of the population. The area has a moderately educated workforce, with 31.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,200 | 6.4% |
% Under 18 | 17.2% | 2.4% |
% Seniors | 26.0% | -3.3% |
% WFH | 9.2% | 206.7% |
% w/ College Degree | 31.8% | 7.8% |
As of the latest ACS Survey released in 2023, Waynesville, NC is a predominantly white area, with 89.3% of the population identifying as white. The white population has shrunk by 3.6% in the last 5 years. The second most common race or ethnicity in Waynesville, NC is hispanic, making up 5.5% of the population. Foreign-born residents account for 3.2% of the population in Waynesville, NC, and this percentage has increased by 45.5% 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 | 89.3% | -3.6% |
% Black | 1.8% | 50.0% |
% Hispanic | 5.5% | 77.4% |
% Asian | 0.4% | -50.0% |
% Foreign Born | 3.2% | 45.5% |
Mortgage and Risk — Waynesville, NC
According to HUD data as of 2023, there were 436 mortgage originations in Waynesville, NC, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Waynesville, NC. Investor activity is low, as 3.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 436 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 3.0% |
% Second Loans | 7.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Waynesville, NC
Waynesville, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 596 |
Total Units Section 8 | 441 |
% Rentals under Section 8 | 14.4% |
% Occupied Section 8 | 78.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$1,190 | $2,350 | $1,160 |
| 2 Bedroom | -$470 | $1,750 | $1,280 |
| 3 Bedroom | -$60 | $1,600 | $1,540 |
| 4 Bedroom | N/A | N/A | $1,820 |
Affordability — Waynesville, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.6 |
| Median Home Price | $346,000 |
| Median Household Income | $56,000 |