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Real Estate Prices & Overview

Waverly East median real estate price is $291,828, which is more expensive than 72.3% of the neighborhoods in Iowa and 38.7% of the neighborhoods in the U.S.

The average rental price in Waverly East is currently $1,247, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 60.7% of the neighborhoods in Iowa.

Waverly East is a rural neighborhood (based on population density) located in Waverly, Iowa.

Waverly East real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Waverly East neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Real estate vacancies in Waverly East are 5.5%, which is lower than one will find in 62.9% of American neighborhoods. Demand for real estate in Waverly East is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

People

There is an especially high percentage of incarcerated people (1.7%) living in the Waverly East neighborhood.

Diversity

Did you know that the Waverly East neighborhood has more German and Austrian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 47.8% of this neighborhood's residents have German ancestry and 1.8% have Austrian ancestry.

Waverly East is also pretty special linguistically. Significantly, 0.6% of its residents five years old and above primarily speak Mon-Khmer, which is the dominant language of Cambodia, at home. While this may seem like a small percentage, it is higher than 98.1% of the neighborhoods in America.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Waverly East neighborhood in Waverly are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 64.7% of the neighborhoods in America. With 16.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 63.6% of U.S. neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Waverly East neighborhood, 40.7% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 28.9% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (15.8%), and 14.7% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Waverly East neighborhood is English, spoken by 97.2% of households. Some people also speak Spanish (2.0%).

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Waverly East neighborhood in Waverly, IA, residents most commonly identify their ethnicity or ancestry as German (47.8%). There are also a number of people of Irish ancestry (10.1%), and residents who report English roots (7.9%), and some of the residents are also of Norwegian ancestry (6.8%), along with some Polish ancestry residents (3.2%), among others.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Waverly East neighborhood spend under 15 minutes commuting one-way to work (51.1% of working residents), one of the shortest commutes across America.

Here most residents (79.1%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (7.9%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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