The Most Affordable Neighborhoods in Waynesboro, TN by Home Value

These days, finding an affordable place to live in the Waynesboro area can be challenging. Home prices in Waynesboro are now at a median cost of $142,593, lower than the Tennessee average of $315,131.

The average cost of rent is $447/mo in Waynesboro, primarily driven by the current value of real estate in the Waynesboro area. In Waynesboro, 25.10% of households rent, and 49.44% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Waynesboro is $4,461 per month. Households that rent pay about 10.02% of their income on rent here. Waynesboro’s most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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