The typical owner-occupied home in Waverly is worth about $377,800, 80% above the Alabama median of $209,900 and 14% above the national median of $332,700. Owners pay a median $1,000 a year in property taxes, about 0.26% of their home's value, lower than the Alabama rate of 0.38%. The median household earns $81,953 a year, so the median home costs 4.6 times the median income (3.3 times for Alabama). 98% of occupied homes here are lived in by their owners, and 50% of those owners still have a mortgage.
Waverly at a glance
| Waverly | Alabama | U.S. | |
|---|---|---|---|
| Median home value | $377,800 | $209,900 | $332,700 |
| Median property tax paid per year | $1,000 | $788 | $3,119 |
| Property tax as a share of value | 0.26% | 0.38% | 0.94% |
| Median household income | $81,953 | $63,999 | $80,734 |
| Homes lived in by their owners | 98% | 70% | 65% |
| Owner homes with a mortgage | 50% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $2,107 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 26.5% | 19.0% | 21.0% |
| Median rent | – | $1,007 | $1,413 |
| Median year homes were built | 1988 | 1986 | 1980 |
| Vacant homes | 4.7% | 14.5% | 10.1% |
| Population | 315 | 5,086,768 | 334,922,499 |
What a typical home costs per month in Waverly
At this week's average 30-year rate of 7.11%, buying the median Waverly home of $377,800 with 20% down costs about $2,272 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,902, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $97,391 for the 20%-down payment. That payment is 33% of the median Waverly household income of $81,953; at that income and 20% down, the 28% guideline points to a home of about $318,000.
| Down payment | $75,560 |
|---|---|
| Loan amount | $302,240 |
| Principal and interest | $2,033 |
| Property taxes (0.26% a year) | $82 |
| Homeowners insurance (our estimate, 0.5% a year) | $157 |
| PMI | $0 |
| Total per month | $2,272 |
Change the numbers in the calculator
| Down payment | $13,223 |
|---|---|
| Loan amount | $370,957 |
| Principal and interest | $2,495 |
| Property taxes (0.26% a year) | $82 |
| Homeowners insurance (our estimate, 0.5% a year) | $157 |
| FHA mortgage insurance | $167 |
| Total per month | $2,902 |
Change the numbers in the calculator
Questions about home buying in Waverly
What is the median home value in Waverly?
About $377,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Waverly?
Homeowners pay a median $1,000 a year, which is about 0.26% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Waverly?
For the median home with 20% down at 7.11%, the payment is about $2,272 a month. Keeping that under 28% of gross income takes about $97,391 a year.
More about Waverly
- Mortgage Refinance in Waverly
- Debt Relief in Waverly
- Home Equity Loans in Waverly
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data