
Affordable
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These days, finding an affordable place to live in the Waverly area can be challenging. Home prices in Waverly are now at a median cost of $123,312, lower than the Illinois average of $300,242.
The average cost of rent is $845/mo in Waverly, primarily driven by the current value of real estate in the Waverly area. In Waverly, 14.28% of households rent, and 40.82% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Waverly is $5,295 per month. Households that rent pay about 15.96% of their income on rent here. Waverly’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Franklin, IL: higher priced homes
- Rees, IL: higher priced homes
- Modesto, IL: higher priced homes
- Loami, IL: higher priced homes
- Orleans, IL: higher priced homes
- Thayer, IL: higher priced homes
- New Berlin, IL: higher priced homes
- Auburn, IL: higher priced homes
- Virden, IL: equally priced homes
- Palmyra, IL: equally priced homes
Cities with Similar Populations
- Ramsey, IL: less expensive homes
- Hardaway, AL: less expensive homes
- Hayneville, AL: less expensive homes
- Henderson, LA: higher priced homes
- Henrico, NC: higher priced homes
- Highfill, AR: higher priced homes
- Holstein, IA: equally priced homes
- Hope Hull, AL: higher priced homes
- Iron City, TN: higher priced homes
- Jefferson, SD: higher priced homes
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