The typical owner-occupied home in Waverly is worth about $102,400, 53% below the Kansas median of $217,200 and 69% below the national median of $332,700. Owners pay a median $906 a year in property taxes, about 0.88% of their home's value, lower than the Kansas rate of 1.29%. The median household earns $70,893 a year, so the median home costs 1.4 times the median income (2.9 times for Kansas). 75% of occupied homes here are lived in by their owners, and 63% of those owners still have a mortgage.
Waverly at a glance
| Waverly | Kansas | U.S. | |
|---|---|---|---|
| Median home value | $102,400 | $217,200 | $332,700 |
| Median property tax paid per year | $906 | $2,798 | $3,119 |
| Property tax as a share of value | 0.88% | 1.29% | 0.94% |
| Median household income | $70,893 | $74,275 | $80,734 |
| Homes lived in by their owners | 75% | 67% | 65% |
| Owner homes with a mortgage | 63% | 57% | 61% |
| Median monthly costs, owners with a mortgage | $1,039 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 14.7% | 19.4% | 21.0% |
| Median rent | $921 | $1,060 | $1,413 |
| Rent as a share of renters' income | 16.4% | 27.1% | 30.6% |
| Median year homes were built | 1938 | 1976 | 1980 |
| Vacant homes | 7.7% | 9.2% | 10.1% |
| Population | 625 | 2,947,197 | 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 $102,400 with 20% down costs about $669 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $839, 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 $28,665 for the 20%-down payment. That payment is 11% of the median Waverly household income of $70,893; at that income and 20% down, the 28% guideline points to a home of about $253,000.
The median rent here is $921 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $20,480 |
|---|---|
| Loan amount | $81,920 |
| Principal and interest | $551 |
| Property taxes (0.88% a year) | $75 |
| Homeowners insurance (our estimate, 0.5% a year) | $43 |
| PMI | $0 |
| Total per month | $669 |
Change the numbers in the calculator
| Down payment | $3,584 |
|---|---|
| Loan amount | $100,545 |
| Principal and interest | $676 |
| Property taxes (0.88% a year) | $75 |
| Homeowners insurance (our estimate, 0.5% a year) | $43 |
| FHA mortgage insurance | $45 |
| Total per month | $839 |
Change the numbers in the calculator
Questions about home buying in Waverly
What is the median home value in Waverly?
About $102,400 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 $906 a year, which is about 0.88% 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 $669 a month. Keeping that under 28% of gross income takes about $28,665 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