As of June 2005, Waldsassen had a population of 7,483.
The town is famous for its Papal basilica, Stiftsbasilika Waldsassen, and the former Waldsassen Abbey, both in Baroque style. The latter contains the much visited Abbey library, whose wood carvings were completed by Karl Stilp in 1726. Four km north of the town, on Glasberg hill, is the Chapel of the Trinity (Dreifaltigkeitskirche Kappl), built in 1689, and a popular pilgrimage destination.
Waldsassen is twinned with Pencoed, in the district of Bridgend, Wales, UK