What is the average home price in Waverly, VA 23890?

As of May '26, the median home price in Waverly, VA 23890 is $194,000, based on Zillow home estimates.

How have home prices in Waverly, VA 23890 changed over the past year?

As of May '26, home prices have increased 1.6% over the past year, according to Zillow home estimates data.

What is the home price projection for Waverly, VA 23890?

As of May '26, Zillow projects home prices in Waverly, VA 23890 to increase 1.5% in the next year.

What are the demographics of Waverly, VA 23890?

According to the latest Census, the demographics of Waverly, VA 23890 are 36.4% White, 60.2% Black, 0.0% Asian, 1.0% Hispanic. The population is 4,600, with 21.0% under 18 years old.

How long does it take homes to sell in Waverly, VA 23890?

According to Realtor.com, as of May '26, the median home in Waverly, VA 23890 is on the market for 35 days. This is a decrease of 6.0% from last year.

What is the average rent price in Waverly, VA 23890?

The average rent price in Waverly, VA 23890, as of the latest data, is $1,440. The average rent for 1 bedroom homes is N/A. For 2, 3, and 4 bedroom homes, the average rent is N/A, $1,350, and $1,700 respectively.

Waverly, VA 23890 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Waverly, VA—23890

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$194,000

1.6% YoY Growth

Household Income

$83,700

80.9% YoY Growth

Days on Market

6.0% Shorter YoY

Home Price Forecast

1.5%

Median Rent

$1,150

0.7% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

$1,150

6.9% YoY Growth

Home Price Trends — Waverly, VA

As of May '26, the median home price in Waverly, VA is $194,000, with a year-over-year change of 1.6%. This indicates that home prices in Waverly, VA are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$194,000	1.6%
Single Family	$194,000	2.1%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Waverly, VA

As of July '25, Rentcast reports the average rent in Waverly, VA is $1,440, with a year-over-year rent change of -0.7%. Per bedroom, the median rent as of July '25 in Waverly, VA is 3-bedrooms: $1,350, 4-bedrooms: $1,700. The most common rental property sizes in Waverly, VA are 3-bedroom and 2-bedroom, accounting for 38.5% and 35.8% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,150	$1,440
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	$1,150	$1,350
4 Bed Rent	$1,700	$1,700

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% of Rental Stock

1 Bedroom

3.8%

2 Bedrooms

35.8%

3 Bedrooms

38.5%

4 Bedrooms

21.9%

Property Listings — Waverly, VA

As of May '26, Realtor.com reports that the median days on market for a home in Waverly, VA is 35. This is a decrease of -6.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$295,000	16.0%
Listing Count	15	9.0%
Listings as % of Homes	0.7%	9.0%
Days on Market	35	-6.0%

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Demographics — Waverly, VA

As of the latest ACS Survey released in 2023, Waverly, VA has a population of 4,600, which has increased by 24.1% over the past 5 years. Waverly, VA is a moderately popular place for families, as children make up 21.0% of the population. The area has a poorly educated workforce, with 23.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	4,600	24.1%
% Under 18	21.0%	1.9%
% Seniors	18.8%	-26.6%
% WFH	9.2%	187.5%
% w/ College Degree	23.6%	38.8%

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As of the latest ACS Survey released in 2023, Waverly, VA is a predominantly black area, with 60.2% of the population identifying as black. The black population has grown by 3.4% in the last 5 years. The second most common race or ethnicity in Waverly, VA is white, making up 36.4% of the population. Foreign-born residents account for 0.5% of the population in Waverly, VA, and this percentage has decreased by 80.0% 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	36.4%	-4.5%
% Black	60.2%	3.4%
% Hispanic	1.0%	-65.5%
% Asian	0.0%	N/A
% Foreign Born	0.5%	-80.0%

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Mortgage and Risk — Waverly, VA

According to HUD data as of 2023, there were 33 mortgage originations in Waverly, VA, of which 48.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 55.0% above 90% LTV (very high). This implies large mortgage risk in Waverly, VA. Investor activity is low, as 0.0% 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	33
% Conventional Loans	48.0%
% Government Loans	52.0%
% Investor Loans	0.0%
% Second Loans	0.0%
% Cash Out Refinance	9.0%

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Rentals and Section 8 — Waverly, VA

Waverly, VA lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	119
Total Units Section 8	119
% Rentals under Section 8	26.1%
% Occupied Section 8	88.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,230
2 Bedroom	N/A	N/A	$1,380
3 Bedroom	$620	$1,150	$1,770
4 Bedroom	$460	$1,700	$2,160

Waverly, VA—23890

Key Metrics at a Glance

Home Price Trends — Waverly, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Waverly, VA

% of Rental Stock

Property Listings — Waverly, VA

Demographics — Waverly, VA

Race and Ethnicity

Mortgage and Risk — Waverly, VA

Mortgages

Rentals and Section 8 — Waverly, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — Waverly, VA

Home Price to Income Ratio

Waverly, VA — ZIP Code Boundary Map

Nearby ZIP Codes

Newville

Wakefield, VA

Disputanta, VA

Ivor, VA

Dendron, VA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.2
Median Home Price	$194,000
Median Household Income	$83,700