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Market MapVirginiaWaynesboro City

Waynesboro City

VirginiaPopulation: 22,341
55
/100
Hold
#459 of 1,000 counties
#91 in Virginia (133 counties)

Market Snapshot

$282,337
Median Home Price
21% above national median
$1,365/mo
Median Rent
10% below national median
5.80%
Rent-to-Price Ratio
Top 54% nationally
-$593
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Historical data from Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$282,337
Down Payment (20%)$56,467
Loan Amount$225,870
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,365
Monthly P&I-$1,480
Est. Expenses (35%)-$478
Net Cash Flow-$593/mo
3.8%
Cap Rate (all cash)
-11.0%
Cash-on-Cash Return
5.80%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 3.8% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
55/100
55
Cash Flow(30%)
57/100

Based on 5.80% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
63/100

Based on 1.4% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Population data not available.

Affordability(20%)
49/100

Price-to-income ratio of 5.4x. Lower ratios indicate more affordable markets.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

  • +Complete rent data available

Challenges

  • -Negative cash flow at typical financing (-$593/mo)
  • -Negative leverage (cap rate 3.8% < mortgage rate 6.9%)

Economic Indicators

Population
22,341
Median Income
$52,519
vs $57,018 national est.
Unemployment Rate
—
Data pending
Price-to-Income
5.4x
Less affordable

Compare to Nearby Counties

CountyVerdict
BathVA
57$215,219Est. pending—HoldView
BedfordVA
57$335,017$1,3274.75%HoldView
SurryVA
56$276,301Est. pending—HoldView
CurrentWaynesboro CityVA
55$282,337$1,3655.80%Hold
James CityVA
54$471,444$2,0055.10%HoldView
King GeorgeVA
54$460,790$1,6894.40%HoldView

The Bottom Line

HoldWaynesboro City is a neutral market. Consider house hacking or targeting below-market deals.

Waynesboro City in Virginia scores 55/100, ranking #459 of 1,000 US counties (top 61%). The 5.80% rent-to-price ratio may require creative strategies or below-market purchases for positive cash flow. Current market conditions make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or all-cash purchases.

Monthly Cash Flow
$-593/mo
Cap Rate
3.8%
Cash-on-Cash
-11.0%

Ready to Analyze a Deal in Waynesboro City?

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