The typical owner-occupied home in Waverly is worth about $271,200, 67% above the West Virginia median of $162,600 and 18% below the national median of $332,700. The median household earns $68,507 a year, so the median home costs 4.0 times the median income (2.7 times for West Virginia). 52% of occupied homes here are lived in by their owners, and 27% of those owners still have a mortgage.
Waverly at a glance
| Waverly | West Virginia | U.S. | |
|---|---|---|---|
| Median home value | $271,200 | $162,600 | $332,700 |
| Median property tax paid per year | – | $865 | $3,119 |
| Median household income | $68,507 | $59,608 | $80,734 |
| Homes lived in by their owners | 52% | 75% | 65% |
| Owner homes with a mortgage | 27% | 46% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,255 | $1,963 |
| Median rent | – | $872 | $1,413 |
| Median year homes were built | 2000 | 1976 | 1980 |
| Vacant homes | 0.0% | 15.4% | 10.1% |
| Population | 361 | 1,778,373 | 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 $271,200 with 20% down costs about $1,821 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,273, 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 $78,047 for the 20%-down payment. That payment is 32% of the median Waverly household income of $68,507; at that income and 20% down, the 28% guideline points to a home of about $238,000.
| Down payment | $54,240 |
|---|---|
| Loan amount | $216,960 |
| Principal and interest | $1,460 |
| Property taxes (1.10% a year) | $249 |
| Homeowners insurance (our estimate, 0.5% a year) | $113 |
| PMI | $0 |
| Total per month | $1,821 |
Change the numbers in the calculator
| Down payment | $9,492 |
|---|---|
| Loan amount | $266,288 |
| Principal and interest | $1,791 |
| Property taxes (1.10% a year) | $249 |
| Homeowners insurance (our estimate, 0.5% a year) | $113 |
| FHA mortgage insurance | $120 |
| Total per month | $2,273 |
Change the numbers in the calculator
Questions about home buying in Waverly
What is the median home value in Waverly?
About $271,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
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 $1,821 a month. Keeping that under 28% of gross income takes about $78,047 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