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 4,270, 1,927 total housing units (homes and apartments), and a median house value of $187,910, 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 54.06% of the village's housing units. Other types of housing that are prevalent in Waverly include duplexes, homes converted to apartments or other small apartment buildings ( 22.97%), large apartment complexes or high rise apartments ( 17.24%), and a few row houses and other attached homes ( 4.41%).
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.
The housing in Waverly was primarily built before 1939 ( 44.27%), making the housing stock in Waverly some of the oldest overall in America, although there is a range of ages of homes in Waverly. The next most important housing age is between 1940-1969 ( 33.40%), followed by between 1970-1999 ( 19.05%). There's also some housing in Waverly built between 2000 and later ( 3.28%).
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 5.99% during the period.
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 4.78%, 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 7.02%, which equates to an annual appreciation rate of 31.16%.
Importantly, this makes Waverly one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength.
Relative to New York, our data show that Waverly's latest annual appreciation rate is lower than 80% of the other cities and towns in New York.
$187,910
for New york
for nation
1,927
$1,468 / per month