The typical owner-occupied home in Waverly is worth about $140,200, 67% below the New York median of $423,800 and 58% below the national median of $332,700. Owners pay a median $3,587 a year in property taxes, about 2.56% of their home's value, higher than the New York rate of 1.55%. The median household earns $54,274 a year, so the median home costs 2.6 times the median income (4.9 times for New York). 64% of occupied homes here are lived in by their owners, and 53% of those owners still have a mortgage.
Waverly at a glance
| Waverly | New York | U.S. | |
|---|---|---|---|
| Median home value | $140,200 | $423,800 | $332,700 |
| Median property tax paid per year | $3,587 | $6,582 | $3,119 |
| Property tax as a share of value | 2.56% | 1.55% | 0.94% |
| Median household income | $54,274 | $85,974 | $80,734 |
| Homes lived in by their owners | 64% | 54% | 65% |
| Owner homes with a mortgage | 53% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,227 | $2,555 | $1,963 |
| Those costs as a share of the owners' income | 18.7% | 22.5% | 21.0% |
| Median rent | $958 | $1,621 | $1,413 |
| Rent as a share of renters' income | 34.2% | 31.2% | 30.6% |
| Median year homes were built | 1938 | 1959 | 1980 |
| Vacant homes | 19.6% | 10.0% | 10.1% |
| Population | 4,305 | 19,852,366 | 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 $140,200 with 20% down costs about $1,112 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,346, 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 $47,658 for the 20%-down payment. That payment is 25% of the median Waverly household income of $54,274; at that income and 20% down, the 28% guideline points to a home of about $160,000.
The median rent here is $958 a month, so owning the median home costs about $154 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $28,040 |
|---|---|
| Loan amount | $112,160 |
| Principal and interest | $755 |
| Property taxes (2.56% a year) | $299 |
| Homeowners insurance (our estimate, 0.5% a year) | $58 |
| PMI | $0 |
| Total per month | $1,112 |
Change the numbers in the calculator
| Down payment | $4,907 |
|---|---|
| Loan amount | $137,661 |
| Principal and interest | $926 |
| Property taxes (2.56% a year) | $299 |
| Homeowners insurance (our estimate, 0.5% a year) | $58 |
| FHA mortgage insurance | $62 |
| Total per month | $1,346 |
Change the numbers in the calculator
Questions about home buying in Waverly
What is the median home value in Waverly?
About $140,200 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 $3,587 a year, which is about 2.56% 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 $1,112 a month. Keeping that under 28% of gross income takes about $47,658 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