Waverly, IL—62692
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Waverly, IL
As of Oct '25, the median home price in Waverly, IL is $102,000, with a year-over-year change of -3.4%. This indicates that home prices in Waverly, IL are decreasing. According to Zillow, the 1-year price projection is -1.4%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $102,000 | -3.4% |
| Single Family | $102,000 | -2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Waverly, IL
Waverly, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $795 | $795 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $795 | $795 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Waverly, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Waverly, IL is 15. This is a increase of 192.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $122,000 | -3.0% |
Listing Count | 4 | 10.0% |
| Listings as % of Homes | 0.4% | 10.0% |
Days on Market | 15 | 192.0% |
Demographics — Waverly, IL
As of the latest ACS Survey released in 2023, Waverly, IL has a population of 2,130, which has remained stable by 0.3% over the past 5 years. Waverly, IL is a moderately popular place for families, as children make up 24.3% of the population. The area has a poorly educated workforce, with 21.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,130 | 0.3% |
% Under 18 | 24.3% | -9.7% |
% Seniors | 20.5% | 2.0% |
% WFH | 5.8% | -17.1% |
% w/ College Degree | 21.2% | 40.4% |
As of the latest ACS Survey released in 2023, Waverly, IL is a predominantly white area, with 89.9% of the population identifying as white. The white population has shrunk by 8.1% in the last 5 years. The second most common race or ethnicity in Waverly, IL is hispanic, making up 6.2% of the population. Foreign-born residents account for 0.9% of the population in Waverly, IL, and this percentage has decreased by 43.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 89.9% | -8.1% |
% Black | 1.6% | 300.0% |
% Hispanic | 6.2% | 6,100.0% |
% Asian | 0.7% | 0.0% |
% Foreign Born | 0.9% | -43.8% |
Mortgage and Risk — Waverly, IL
According to HUD data as of 2023, there were 42 mortgage originations in Waverly, IL, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Waverly, IL. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 42 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Waverly, IL
Waverly, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 10 |
Total Units Section 8 | 10 |
% Rentals under Section 8 | 8.5% |
% Occupied Section 8 | 99.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$5 | $795 | $790 |
| 2 Bedroom | N/A | N/A | $970 |
| 3 Bedroom | N/A | N/A | $1,280 |
| 4 Bedroom | N/A | N/A | $1,390 |
Affordability — Waverly, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.5 |
| Median Home Price | $102,000 |
| Median Household Income | $66,600 |