Waynesboro city, Virginia: commercial real estate data.
Waynesboro city, Virginia has a population of 22,841 across 15 square miles, up 5.9 percent since the 2020 census base. 620 establishments operate here, and the SBA record carries 9 7(a) approvals worth $10.4 m.
107 sourced county values · tier FULL · 9 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Waynesboro city
How many people live in Waynesboro city
- Population22,841
- Households9,841
- Average household size2.32
- Median household income$59,994
- Median age38.3
- Median gross rent$1,020 per month
- Median owner-occupied home value$245,500
- Home value to household income4.1 times
- Annual rent as a share of median income20.4 percent
- Adults 25 and over with a bachelor degree or higher25.7 percent
- Adults 25 and over with a graduate degree9.6 percent
- Adults 25 and over16,166
- Population under 185,107
- Share under 1822.4 percent
- Population 65 and over4,081
- Share 65 and over17.9 percent
- Working age population, 18 to 6413,653
- Civilian labor force11,638
- Unemployment rate5.1 percent
- Labor force participation, adults 18 and over65.6 percent
- Rank by population among Virginia independent cities75th of 133
- Rank by population among US county-equivalents1736th
Waynesboro city is the 75th largest of 133 Virginia independent cities by population. A median home costs 4.1 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 22.4 percent against 17.9 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Waynesboro city
Is Waynesboro city's population growing?
- Population change since the 2020 census base5.88 percent
- Census 2020 base population22,193
- Births, 2024334
- Deaths, 2024313
- Natural change, 202421
- Net domestic migration, 2024373
- Net international migration, 202420
- Total net migration, 2024393
- Cumulative net domestic migration, 2021 to 20241,086
- Rank by growth among US county-equivalents424th
The county has grown 5.88 percent since the 2020 census base. Migration contributed more to 2024 change than births over deaths, so demand here follows people arriving rather than families forming.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Waynesboro city
Where are people moving to Waynesboro city from?
- Tax returns filed by households arriving1,222
- People arriving, from those returns2,031
- Adjusted gross income arriving$64.9 m
- Net adjusted gross income movement$0
- Average income of an arriving household$53,150
- Largest single originWaynesboro city Non-migrants (8,601 households)
- Largest single destination (8,601 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Waynesboro city Non-migrants | 8,601 | 16,159 | $543.5 m |
| Augusta County | 337 | 576 | $15.9 m |
| Other flows - Different State | 252 | 419 | $16.4 m |
| Other flows - Same State | 220 | 352 | $12.2 m |
| Staunton city | 127 | 217 | $5.3 m |
| Other flows - South | 127 | 212 | $8.6 m |
| Albemarle County | 122 | 204 | $7.3 m |
| Other flows - Northeast | 57 | 93 | $3.5 m |
The largest single source of arrivals is Waynesboro city Non-migrants, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Waynesboro city
Largest employers in Waynesboro city
- Covered employment, annual average9,556
- Establishments reporting776
- Average annual pay$49,057
- Average weekly wage$943
- Sector 44-45, employment1,930
- Sector 44-45, average annual pay$30,216
- Sector 72, employment1,389
- Sector 72, average annual pay$24,811
- Sector 31-33, employment1,102
- Sector 31-33, average annual pay$67,591
- Sector 62, employment824
- Sector 62, average annual pay$44,847
- Sector 55, employment635
- Sector 81, employment374
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 44-45 | 1,930 | 113 | $30,216 |
| Sector 72 | 1,389 | 70 | $24,811 |
| Sector 31-33 | 1,102 | 33 | $67,591 |
| Sector 62 | 824 | 198 | $44,847 |
| Sector 55 | 635 | 13 | $79,558 |
| Sector 81 | 374 | 62 | $49,175 |
| Sector 48-49 | 364 | 15 | $48,595 |
| Sector 54 | 337 | 51 | $65,879 |
The largest sector is the biggest private employer group at 1,930 jobs, 20.2 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Waynesboro city
How many businesses are in Waynesboro city?
- Establishments, all industries620
- Employment at those establishments8,886
- Annual payroll$388.8 m
- Establishments per 1,000 residents27.1
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against.
US Census Bureau, County Business Patterns, 2023.
Waynesboro city
Building permits in Waynesboro city
- Housing units authorised by permit, 2024390
- Declared construction value permitted$48.0 m
- Single family units authorised138
- Multifamily units authorised252
- Multifamily share of units64.6 percent
- Average declared value per unit$122,974
- Units authorised per 1,000 households39.6
Multifamily is 64.6 percent of units authorised, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Waynesboro city
SBA loans in Waynesboro city (7(a) and 504)
- 7(a) approvals recorded9
- 7(a) gross approval dollars$10.4 m
- Average 7(a) approval$1,151,278
- Median 7(a) approval$208,600
- 10th percentile approval$25,000
- 90th percentile approval$5,000,000
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)75
- Jobs per approval8.3
- Distinct 7(a) lenders active7
- Distinct industries receiving approvals9
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer44.4 percent
- Loans on real estate terms4
- Loans on working capital terms, 120 months or shorter5
- Franchise loans3
- Franchise share of approvals33.3 percent
- Leading industry by approval countNew Car Dealers (1)
- Most active lenderLive Oak Banking Company (2)
- 504 approvals recorded9
- 504 gross approval dollars$5.2 m
- Average 504 approval$575,333
- Median 504 approval$302,000
- Distinct CDCs active2
- 504 jobs per approval8.2
- 504 jobs per million dollars approved14.3
- Most active CDCBusiness Finance Group, Inc. (7)
- 7(a) share of SBA approvals50.0 percent
- Combined SBA approval dollars$15.5 m
The average approval of $1,151,278 sits well above the median of $208,600, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually gets. 44.4 percent of approvals run on real estate terms of 240 months or more, so this is a market where SBA credit is buying buildings, not just funding operations.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Waynesboro city
SBA loan default and charge-off rates in Waynesboro city
Do SBA loans in Waynesboro city get paid back?
- Loans with a final outcome recorded1
- Paid in full1
- Charged off0
- Status: Cancelled2
- Status: Exempt from disclosure5
- Status: Paid in full1
- Status: Committed, not yet disbursed1
Too few loans have reached a final outcome to publish a charge off rate. only 1 resolved loans, too few to publish a rate. A rate computed on a handful of loans is noise, so none is shown.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Waynesboro city
How large is Waynesboro city?
- Land area15 sq mi
- Rank by land area among Virginia independent cities111th of 133
- Width, east to west5.1 mi
- Height, north to south4.2 mi
- Geographies sharing a boundary1
- Residents per square mile of land1,523
- Establishments per square mile41.33
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- No NFIP communities are listed for this county in the FEMA Community Status Book.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
Feasibility studies
When a Waynesboro city site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Waynesboro city site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population22,841
- Households9,841
- Average household size2.32
- Median household income$59,994
- Median age38.3
Common questions
Waynesboro city questions, answered from the record.
How many people live in Waynesboro city, Virginia?
22,841, in 9,841 households, ranking 75th of 133 Virginia counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Waynesboro city's population growing?
The population has grown 5.88 percent since the 2020 census base. In 2024 there were 334 births against 313 deaths, with net migration of 393. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Waynesboro city?
$59,994. The median owner-occupied home is valued at $245,500, which is 4.1 times income, and median gross rent is $1,020 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Waynesboro city?
620 establishments, employing 8,886 people with an annual payroll of $388.8 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Waynesboro city?
Average annual pay is $49,057, or $943 a week, across 9,556 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Waynesboro city?
9 7(a) approvals totalling $10.4 m since FY2020, across 7 lenders, with a median approval of $208,600, plus 9 504 approvals worth $5.2 m. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Waynesboro city?
390 housing units were authorised by permit in 2024, with a declared construction value of $48.0 m. Multifamily was 64.6 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Waynesboro city?
Zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Waynesboro city come from?
The largest single origin is Waynesboro city Non-migrants, with 8,601 households. Arriving households report an average income of $53,150 against null for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Waynesboro city on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Waynesboro city?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.