Waynesboro city, Virginia: commercial real estate data.
Waynesboro city, Virginia had an estimated 23,498 residents on July 1, 2024, up 5.9 percent since the 2020 census base of 22,193, across 15 square miles. 620 establishments operate here, and the SBA record carries 9 7(a) approvals worth $10.4 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Waynesboro city
How many people live in Waynesboro city
- Population, American Community Survey 2020-202422,841
- 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-equivalents, Puerto Rico included1736th of 3,222
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 seriously unaffordable 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, July 1, 202423,498
- Census 2020 base population22,193
- Population change since the 2020 census base5.88 percent
- Population change, 2023 to 2024415
- 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 of 3,144
The county has grown 5.88 percent since the 2020 census base. The population grew in 2024 from both sources: births exceeded deaths and more people moved in than left.
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
- Tax returns filed by households leaving971
- Net household movement251
- Adjusted gross income arriving$64.9 m
- Net adjusted gross income movement$-1.3 m
- Average income of an arriving household$53,150
- Average income of a leaving household$68,221
- Largest single originAugusta County (337 households)
- Largest single destinationAugusta County (365 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Augusta County | 337 | 576 | $15.9 m |
| Staunton city | 127 | 217 | $5.3 m |
| Albemarle County | 122 | 204 | $7.3 m |
| Charlottesville city | 49 | 73 | $2.0 m |
| Rockingham County | 38 | 60 | $1.8 m |
| Harrisonburg city | 30 | 44 | $1.3 m |
| Nelson County | 25 | 49 | $1.7 m |
| Fluvanna County | 22 | 37 | $990,000 |
Households arriving report $15,071 less average income than households leaving, which drains spending power even where headcount holds up. The largest single source of arrivals is Augusta County, 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
Employment by industry in Waynesboro city
- Covered employment, annual average9,556
- Establishments reporting776
- Average annual pay$49,057
- Average weekly wage$943
- Retail trade, employment1,930
- Retail trade, average annual pay$30,216
- Accommodation and food services, employment1,389
- Accommodation and food services, average annual pay$24,811
- Manufacturing, employment1,102
- Manufacturing, average annual pay$67,591
- Health care and social assistance, employment824
- Health care and social assistance, average annual pay$44,847
- Management of companies and enterprises, employment635
- Other services, except public administration, employment374
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Retail trade | 1,930 | 113 | $30,216 |
| Accommodation and food services | 1,389 | 70 | $24,811 |
| Manufacturing | 1,102 | 33 | $67,591 |
| Health care and social assistance | 824 | 198 | $44,847 |
| Management of companies and enterprises | 635 | 13 | $79,558 |
| Other services, except public administration | 374 | 62 | $49,175 |
| Transportation and warehousing | 364 | 15 | $48,595 |
| Professional, scientific and technical services | 337 | 51 | $65,879 |
Retail trade is the largest private sector at 1,930 jobs, 20.2 percent of covered employment.
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. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Waynesboro city
Building permits in Waynesboro city
- Housing units authorized by permit, 2024390
- Declared construction value permitted$48.0 m
- Single family units authorized138
- Multifamily units authorized252
- Multifamily share of units64.6 percent
- Average declared value per unit$122,974
- Units authorized per 1,000 households39.6
Multifamily is 64.6 percent of units authorized, 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
- 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
- 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)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$15.5 m
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
Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
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.
Waynesboro city
Flood risk in Waynesboro city
- Participation of the county's own NFIP community Waynesboro, city ofParticipating, community 515532
- Communities in the county in the NFIP Community Status Book1
- Of those, participating in the NFIP1
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Waynesboro city, EPA zone predicted average indoor radon screening level greater than 4 pCi/LZone 1
The county's own community in the status book, the City of Waynesboro (community 515532), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Waynesboro city in radon zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. 100.0 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
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.
- Population, American Community Survey 2020-202422,841
- 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?
The Census Bureau estimates 23,498 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 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 of 22,193, to 23,498 on July 1, 2024. 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 employment by industry in Waynesboro city?
Retail trade is the largest private sector at 1,930 jobs, 20.2 percent of covered employment. Covered employment averages 9,556 jobs at an average annual pay of $49,057, or $943 a week. 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 totaling $10.4 m since FY2020, across 7 lenders, with a median approval of $208,600, plus 9 504 approvals worth $5.2 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Waynesboro city?
390 housing units were authorized 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 Augusta County, with 337 households. Arriving households report an average income of $53,150 against $68,221 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?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
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