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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 $338,150, lower than the Minnesota average of $345,793.
The average cost of rent is $1,332/mo in Waverly, primarily driven by the current value of real estate in the Waverly area. In Waverly, 13.66% of households rent, and 30.92% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Waverly is $8,683 per month. Households that rent pay about 15.34% of their income on rent here. Waverly’s most expensive areas are in the southwestern 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
- Montrose, MN: equally priced homes
- Howard Lake, MN: equally priced homes
- Rassat, MN: higher priced homes
- Winsted, MN: less expensive homes
- Delano, MN: higher priced homes
- Watertown, MN: equally priced homes
- Buffalo, MN: equally priced homes
- Cokato, MN: less expensive homes
- Rockford, MN: equally priced homes
- West Albion, MN: equally priced homes
Cities with Similar Populations
- Afton, MN: higher priced homes
- Hampton Falls, NH: higher priced homes
- Grundy Center, IA: less expensive homes
- Gray Summit, MO: less expensive homes
- Five Points, NM: less expensive homes
- Fairview, OK: less expensive homes
- Columbia, LA: less expensive homes
- Columbia City, OR: higher priced homes
- Clayton, NY: less expensive homes
- Buffalo, TX: less expensive homes
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