Real Estate Investing in Waynesboro, Tennessee

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

1 ZIP codes • Population: 6,120 • Wayne County

☆ Watch this market Free account

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

🏠 For Homebuyers
MIXED
Grade C (65/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • High vacancy: 19.1% of homes vacant — above national norms.

What’s happening in Waynesboro, TN?

Click any question — our AI will research it live from the web and show you sources.

✨ Live AI + Web Search
Want to ask your own questions? Upgrade to Pro for unlimited custom queries.
3.0/ 5

Investability

Citywide average

4.0/ 5

Appreciation

7.5% 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 $175,229
Avg Monthly Rent $846
ZIP Codes 1

Investing in Waynesboro Real Estate

Waynesboro in Tennessee is one of the markets where the numbers warn before they reward — 1 ZIPs, a sizable population, and a rating that reflects material risk.

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.

Rents in Waynesboro at $846/mo have struggled to keep pace with cost increases, and vacancy has risen in pockets — a dynamic that compresses realized returns well below headline cap rates.

Demographics in Waynesboro show real pressure — median income of $N/AK is modest 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.
Open the Market Finder →
Free to search · investor plans from $19/mo

Landlord Ground Truth

Real numbers from people who own or manage rentals in Waynesboro, TN. Anonymous, moderated, never written by AI.

Do you own or manage rentals in Waynesboro, TN?

~25 seconds · no account needed · your report is anonymous

Avg Home Value
$175,229
Avg Monthly Rent
$846
1% Rule
✗ Below
Landlord Friendly (TN)

ZIP Codes in Waynesboro, TN

Screen every ZIP in Waynesboro

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).

View Plans

Frequently Asked Questions About Waynesboro, TN

What are home prices like in Waynesboro, TN?

Median home price in Waynesboro, TN is near $175K, with a 5-year CAGR of 0.0%. Prices have been reliable and supportive of buy-and-hold strategies.

Are tenants stable in Waynesboro, TN?

Working renters make up the core of the Waynesboro, TN tenant base. The pool is reasonable for investors targeting long-term holds.

How much rent can I charge in Waynesboro, TN?

Waynesboro, TN rentals go for roughly $846/mo a month. That puts gross yield in solid territory relative to $175K acquisition costs.

How strict are landlord regulations in Waynesboro, TN?

Rental owners in Waynesboro, TN deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.

What is the best play in Waynesboro, TN?

Waynesboro, TN investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($175K prices, $846/mo rents) make it a reasonable choice.

Community Ratings

What people who’ve spent time here actually say. Not paid reviews.

Be the first to rate Waynesboro, TN.

It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.