Living in Waverly, Virginia
Cost of living, income, home prices, rent and demographics of Waverly · Census data 2020–2024
Waverly has 2,324 residents with a median age of 38.6. The median household income is $50,156 (46% lower than the Virginia median), the median home value is $145,700, the median rent is $836/month.
Waverly at a glance
- Population
- 2,324
- Median age
- 38.6State: 39
- Median household income
- $50,156State: $93,170
- Median home value
- $145,700State: $383,700
- Median rent
- $836/moState: $1,579
- Homeowners
- 57.9%
- Bachelor's degree or higher
- 17.2%
- Average commute
- 37 min
Is Waverly a good place to live?
Pros: Home values 62% lower than the state median; a poverty rate of 7.8%.
Cons: Median household income 46% lower than the Virginia median; an average commute of 37 minutes; unemployment of 10.8%.
The weather is best in April–May and September–October.
Cost of living in Waverly
Housing is the biggest part of the cost of living. In Waverly the median home value is $145,700, 56% lower than the U.S. median. Renters pay a median of $836 per month, which is 27.3% of household income. Homeowners with a mortgage pay $1,534 a month in housing costs.
Waverly median household income
The median household income in Waverly is $50,156 and the income per person is $28,535. 7.8% of residents live below the poverty line (Virginia: 9.9%).
Housing in Waverly: homes for sale and rent
- Housing units
- 989
- Owner-occupied
- 57.9%
- Renter-occupied
- 42.1%
- Vacant
- 11.3%Includes seasonal homes
- Median year built
- 1977
- Average household size
- 2.54
Waverly demographics
- Population
- 2,324
- Median age
- 38.6
- Under 18
- 25.8%
- 65 and older
- 20.8%
- Households
- 877
- Foreign-born
- 0.6%
- Veterans
- 8.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Waverly ›
Education in Waverly
17.2% of adults 25 and older in Waverly have a bachelor's degree or higher (Virginia: 42.2%), and 6.5% have a graduate or professional degree.
Jobs and commute in Waverly
- Unemployment rate
- 10.8%State: 4.3%
- Average commute
- 37 minState: 27 min
- Work from home
- 13.3%
- Drive alone
- 76.6%
- Public transit
- 0%
- Walk to work
- 0.9%
- Homes with broadband
- 86.3%
Waverly vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Waverly | 2,324 | $50,156 | $145,700 | $836 |
| Wakefield | 1,201 | $62,386 | $187,800 | $966 |
| Dendron | 303 | $58,214 | $162,500 | $1,042 |
| Ivor | 301 | $61,250 | $194,500 | $1,063 |
| Claremont | 393 | $58,542 | $178,800 | $990 |
| Prince George | 1,829 | $61,571 | — | $1,625 |
| Surry | 212 | $85,417 | $238,500 | — |
| Stony Creek | 341 | $64,811 | $154,800 | $785 |
| Sedley | 568 | $86,304 | $214,500 | — |
More for people moving to Waverly
Waverly ZIP code ›Weather and climate ›Living in Waverly: FAQ
What is the median household income in Waverly, VA?
The median household income in Waverly is $50,156, 46% lower than the Virginia median of $93,170 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Waverly?
The median home value in Waverly is $145,700, compared with $383,700 in Virginia.
How much is rent in Waverly?
The median gross rent in Waverly is $836 per month, about 27.3% of household income.
Is Waverly, VA a good place to live?
Pluses: home values 62% lower than the state median; a poverty rate of 7.8%. Minuses: median household income 46% lower than the Virginia median; an average commute of 37 minutes; unemployment of 10.8%.
What is the median age in Waverly?
The median age in Waverly is 38.6 years (Virginia: 39).
How long is the commute in Waverly?
The average commute to work in Waverly is 37 minutes; 13.3% of workers work from home.
What is the unemployment rate in Waverly?
The unemployment rate in Waverly is 10.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Waverly?
17.2% of adults in Waverly have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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