The typical owner-occupied home in Waverly is worth about $316,600, 33% above the Nebraska median of $238,600 and 5% below the national median of $332,700. Owners pay a median $4,776 a year in property taxes, about 1.51% of their home's value, close to the Nebraska rate of 1.49%. The median household earns $111,632 a year, so the median home costs 2.8 times the median income (3.1 times for Nebraska). 81% of occupied homes here are lived in by their owners, and 66% of those owners still have a mortgage.
Waverly at a glance
| Waverly | Nebraska | U.S. | |
|---|---|---|---|
| Median home value | $316,600 | $238,600 | $332,700 |
| Median property tax paid per year | $4,776 | $3,549 | $3,119 |
| Property tax as a share of value | 1.51% | 1.49% | 0.94% |
| Median household income | $111,632 | $76,475 | $80,734 |
| Homes lived in by their owners | 81% | 67% | 65% |
| Owner homes with a mortgage | 66% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $2,013 | $1,736 | $1,963 |
| Those costs as a share of the owners' income | 18.5% | 19.5% | 21.0% |
| Median rent | $1,076 | $1,072 | $1,413 |
| Rent as a share of renters' income | 16.8% | 27.9% | 30.6% |
| Median year homes were built | 1996 | 1975 | 1980 |
| Vacant homes | 2.6% | 7.6% | 10.1% |
| Population | 4,440 | 1,978,707 | 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 $316,600 with 20% down costs about $2,234 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,762, 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 $95,749 for the 20%-down payment. That payment is 24% of the median Waverly household income of $111,632; at that income and 20% down, the 28% guideline points to a home of about $369,000.
The median rent here is $1,076 a month, so owning the median home costs about $1,158 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $63,320 |
|---|---|
| Loan amount | $253,280 |
| Principal and interest | $1,704 |
| Property taxes (1.51% a year) | $398 |
| Homeowners insurance (our estimate, 0.5% a year) | $132 |
| PMI | $0 |
| Total per month | $2,234 |
Change the numbers in the calculator
| Down payment | $11,081 |
|---|---|
| Loan amount | $310,866 |
| Principal and interest | $2,091 |
| Property taxes (1.51% a year) | $398 |
| Homeowners insurance (our estimate, 0.5% a year) | $132 |
| FHA mortgage insurance | $140 |
| Total per month | $2,762 |
Change the numbers in the calculator
Questions about home buying in Waverly
What is the median home value in Waverly?
About $316,600 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 $4,776 a year, which is about 1.51% 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 $2,234 a month. Keeping that under 28% of gross income takes about $95,749 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