Real Estate Investing in Waynesboro, Mississippi

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 13,401 • Wayne County

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Should you buy in Waynesboro, MS? Our answer, based on the numbers below.

🏠 For Homebuyers
CAUTION
Grade D (51/100)

Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.

📈 For Investors
MIXED
3.0 / 5 (52/100)

A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.

⚠️ Risks to Know
3 flags
  • High vacancy: 18.9% of homes vacant — above national norms.
  • Flat appreciation: Values have barely moved over 5 years (1.4% CAGR).
  • Lower household income: $34,371 median — tenant affordability is tighter.

What’s happening in Waynesboro, MS?

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3.0/ 5

Investability

Citywide average

1.0/ 5

Appreciation

1.4% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $141,635
Avg Monthly Rent $783
ZIP Codes 1

Investing in Waynesboro Real Estate

Waynesboro, MS covers 1 ZIP codes and a population but the investment metrics here are subdued — this is not a market to enter casually.

A 3.0 rating and a 5-year CAGR of 0.0% are the kinds of numbers that warrant real local underwriting, not spreadsheet tourism. Waynesboro is in that category.

The $783/mo / $142K relationship in Waynesboro looks sluggish once vacancy and capex are incorporated into underwriting. seems to the realized yield tends to disappoint.

Demographics in Waynesboro show real pressure — median income of $N/AK is sluggish relative to rents, and the 0% renter share includes significant cost-burdened households.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

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Avg Home Value
$141,635
Avg Monthly Rent
$783
1% Rule
✗ Below
Landlord Friendly (MS)

ZIP Codes in Waynesboro, MS

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Filter Waynesboro’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Waynesboro, MS

Is it easy to find good tenants in Waynesboro, MS?

Waynesboro, MS offers a consistent renter base at the $783/mo rent level. Tenant turnover is reasonable for well-managed properties.

What is it like being a landlord in Waynesboro, MS?

The landlord environment in Waynesboro, MS is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.

How much does a house cost in Waynesboro, MS?

The median home value in Waynesboro, MS is roughly $142K. That puts it reasonable relative to the MS statewide average.

What real estate strategy is ideal for Waynesboro, MS?

Investors who focus on careful cash-flow rentals with hands-on management typically do well in Waynesboro, MS. The numbers - $142K homes against $783/mo rents - support that play.

Does a duplex house hack pencil in Waynesboro, MS?

House hacking works a challenging in Waynesboro, MS. Rents of $783/mo against $142K acquisition make the strategy solid for owner-occupants.

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