Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 10,522, 3,788 total housing units (homes and apartments), and a median house value of $250,203, Waverly real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Waverly, accounting for 71.32% of the city's housing units. Other types of housing that are prevalent in Waverly include large apartment complexes or high rise apartments ( 15.22%), duplexes, homes converted to apartments or other small apartment buildings ( 6.64%), and a few row houses and other attached homes ( 4.58%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Waverly. Owner-occupied housing accounts for 65.96% of Waverly's homes, and 58.14% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Waverly built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Waverly built between 2000 and later ( 27.08%). A lesser amount of the housing stock also hails from between 1940-1969 ( 22.72%). There's also some housing in Waverly built before 1939 ( 16.89%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Waverly, where house values have increased just 33.66%, which is annualized rate of 2.94%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Waverly appreciation rates have trailed the rest of the nation. In the last twelve months, Waverly's appreciation rate has been 3.75%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Waverly were at -2.55%, which equates to an annual appreciation rate of -9.80%.
Notably, Waverly's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Iowa, our data show that Waverly's latest annual appreciation rate is lower than 90% of the other cities and towns in Iowa.
$250,203
for Iowa
for nation
3,788
$1,228 / per month