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 4,122, 1,857 total housing units (homes and apartments), and a median house value of $222,140, house prices in Waverly are solidly below the national average.
Single-family detached homes are the single most common housing type in Waverly, accounting for 82.18% of the village's housing units. Other types of housing that are prevalent in Waverly include large apartment complexes or high rise apartments ( 10.46%), row houses and other attached homes ( 3.10%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.36%).
People in Waverly primarily live in small (one, two or no bedroom) single-family detached homes. Waverly has a mixture of owner-occupied and renter-occupied housing.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Waverly's housing was primarily built during this period, from the '40s through the '60s. A full 49.21% of the village's housing hails from this era. Other housing ages represented in Waverly include homes built between 1970-1999 ( 34.26%) and housing constructed between 2000 and later ( 8.29%). There's also some housing in Waverly built before 1939 ( 8.24%).
Vacant housing appears to be an issue in Waverly. Fully 14.03% of the housing stock is classified as vacant. Left unchecked, vacant Waverly homes and apartments can be a drag on the real estate market, holding Waverly real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Real estate appreciation rates in Waverly's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.25% during the period.
Appreciation rates are so strong in Waverly that despite a nationwide downturn in the housing market, Waverly real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Waverly appreciation rates continue to be some of the highest in America, at 10.58%, which is higher than appreciation rates in 89.63% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Waverly. Waverly appreciation rates in the latest quarter were at 1.02%, which equates to an annual appreciation rate of 4.15%.
Relative to Ohio, our data show that Waverly's latest annual appreciation rate is higher than 80% of the other cities and towns in Ohio.
$222,140
for Ohio
for nation
1,857
$1,369 / per month