Waverly, Iowa Real Estate & Housing Market

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Waverly Housing Information

Index	Waverly	Iowa	National
Median home price	$160,300	$132,800	$184,700
Median rent asked	$611	$715	$949
Avg. people per household	2.3	2.4	2.6
Owner occupied households	75.4%	71.1%	63.6%
Renter occupied households	24.6%	28.9%	36.4%

Above, you'll find an overview of the real estate market in Waverly, IA. Generally, real estate in the Waverly, IA area is less affordable in Iowa, as the median price of a home in Waverly, IA is $160,300, which is 21% higher than the Iowa average. The median rental price in Waverly, IA is $611. This is 15% lower than the average rental price in Iowa. Home owners comprise 75.4% of the population of Waverly, IA, where an average of 2.3 people live in each home. Various real estate options from luxurious homes to affordable condos and urban townhomes are available in Waverly, IA. Below, you can search for real estate listings in Waverly, IA using our search functionality that allows you to personalize your search and filter out location, price, and number of bedrooms and bathrooms.

Waverly Home Affordability

When searching for real estate in Waverly, IA, home affordability is a critical aspect. The ratio of the house price to the median household income is one method used to figure out home affordability. In Waverly, IA, the median house price is $160,300, while the median income for households in the area is $61,007. Therefore, the ratio of house price to income is 2.6x; this ratio is 8% higher than the average in Iowa. The calculation for the ratio of home affordability requires dividing the median household income by the median house price. The lower the aforementioned ratio, the more affordable homes are - when comparing the house price to the household income. However, there are more factors that come into play in terms of home affordability. The calculator below determines home affordability, and it can help you decide how much money you can afford to pay for real estate in Waverly, IA.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
New Hartford, IA	621	$80,200	57%
Plainfield, IA	505	$84,000	55%
Stout, IA	162	$87,900	52%
Frederika, IA	301	$91,400	51%
Tripoli, IA	1,316	$96,200	48%
Waverly, IA	10,049	$160,300	13%

Cities with similar population

City, State	Population	Home Price	National Avg.
Indianola, MS	10,047	$72,900	61%
Avon Park, FL	10,052	$61,300	67%
Gages Lake, IL	10,041	$206,300	12%
Troy, IL	10,041	$169,800	8%
London, OH	10,058	$125,700	32%
Waverly, IA	10,049	$160,300	13%

Source: The Waverly, IA housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).