Waverly Area, Lincoln, NE—68522
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Waverly Area, Lincoln, NE
As of Oct '25, the median home price in Waverly Area, Lincoln, NE is $270,000, with a year-over-year change of 3.9%. This indicates that home prices in Waverly Area, Lincoln, NE are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $270,000 | 3.9% |
| Single Family | $271,000 | 4.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $232,000 | 4.5% |
3 Bed | $272,000 | 3.8% |
4 Bed | $318,000 | 3.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Waverly Area, Lincoln, NE
As of July '25, Rentcast reports the average rent in Waverly Area, Lincoln, NE is $1,470, with a year-over-year rent change of -21.8%. Per bedroom, the median rent as of July '25 in Waverly Area, Lincoln, NE is 1-bedrooms: $1,020, 2-bedrooms: $1,240, 3-bedrooms: $1,450, 4-bedrooms: $2,150. The most common rental property sizes in Waverly Area, Lincoln, NE are 3-bedroom and 2-bedroom, accounting for 40.2% and 38.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,440 | $1,470 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,050 | $1,020 |
| 2 Bed Rent | $1,200 | $1,240 |
| 3 Bed Rent | $1,500 | $1,450 |
| 4 Bed Rent | $2,100 | $2,150 |
% of Rental Stock
Property Listings — Waverly Area, Lincoln, NE
As of Oct '25, Realtor.com reports that the median days on market for a home in Waverly Area, Lincoln, NE is 29. This is a decrease of -29.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $292,000 | 1.0% |
Listing Count | 43 | -6.0% |
| Listings as % of Homes | 0.6% | -6.0% |
Days on Market | 29 | -29.0% |
Demographics — Waverly Area, Lincoln, NE
As of the latest ACS Survey released in 2023, Waverly Area, Lincoln, NE has a population of 14,300, which has increased by 7.3% over the past 5 years. Waverly Area, Lincoln, NE is a moderately popular place for families, as children make up 24.6% of the population. The area has a moderately educated workforce, with 26.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,300 | 7.3% |
% Under 18 | 24.6% | -3.9% |
% Seniors | 7.5% | 7.1% |
% WFH | 7.9% | 259.1% |
% w/ College Degree | 26.5% | -7.0% |
As of the latest ACS Survey released in 2023, Waverly Area, Lincoln, NE is a predominantly white area, with 71.4% of the population identifying as white. The white population has shrunk by 3.1% in the last 5 years. The second most common race or ethnicity in Waverly Area, Lincoln, NE is hispanic, making up 8.7% of the population. Foreign-born residents account for 11.5% of the population in Waverly Area, Lincoln, NE, and this percentage has decreased by 17.9% 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 | 71.4% | -3.1% |
% Black | 8.1% | 42.1% |
% Hispanic | 8.7% | -7.4% |
% Asian | 3.3% | -51.5% |
% Foreign Born | 11.5% | -17.9% |
Mortgage and Risk — Waverly Area, Lincoln, NE
According to HUD data as of 2023, there were 239 mortgage originations in Waverly Area, Lincoln, NE, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Waverly Area, Lincoln, NE. Investor activity is low, as 5.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 239 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Waverly Area, Lincoln, NE
As of 2024, the percent of homes in Waverly Area, Lincoln, NE under the Section 8 program is 7.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Waverly Area, Lincoln, NE, because HUD payments exceed market rent, while 1-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 192 |
Total Units Section 8 | 176 |
% Rentals under Section 8 | 7.4% |
% Occupied Section 8 | 79.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $0 | $1,050 | $1,050 |
| 2 Bedroom | $100 | $1,200 | $1,300 |
| 3 Bedroom | $320 | $1,500 | $1,820 |
| 4 Bedroom | -$150 | $2,100 | $1,950 |
Affordability — Waverly Area, Lincoln, NE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $270,000 |
| Median Household Income | $77,200 |