Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 4,317 people, 2,050 houses or apartments, and a median cost of homes of $100,745, house prices in Waverly City are solidly below the national average.
Single-family detached homes are the single most common housing type in Waverly City, accounting for 71.84% of the city's housing units. Other types of housing that are prevalent in Waverly City include large apartment complexes or high rise apartments ( 13.49%), duplexes, homes converted to apartments or other small apartment buildings ( 9.90%), and a few mobile homes or trailers ( 4.54%).
People in Waverly City primarily live in small (one, two or no bedroom) single-family detached homes. Waverly City has a mixture of owner-occupied and renter-occupied housing.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Waverly City's housing was primarily built during this period, from the '40s through the '60s. A full 47.58% of the city's housing hails from this era. Other housing ages represented in Waverly City include homes built between 1970-1999 ( 35.38%) and housing constructed between 2000 and later ( 8.56%). There's also some housing in Waverly City built before 1939 ( 8.48%).
Vacant housing appears to be an issue in Waverly City. Fully 11.33% of the housing stock is classified as vacant. Left unchecked, vacant Waverly City homes and apartments can be a drag on the real estate market, holding Waverly City real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Real estate appreciation rates in Waverly City's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.01% during the period.
Over the last year, Waverly City appreciation rates have trailed the rest of the nation. In the last twelve months, Waverly City's appreciation rate has been 1.96%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Waverly City were at -0.60%, which equates to an annual appreciation rate of -2.39%.
Notably, Waverly City's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Ohio, our data show that Waverly City's latest annual appreciation rate is lower than 60% of the other cities and towns in Ohio.
|$807,001 - $1,075,000||1.1|
|$538,001 - $807,000||0.6|
|$430,001 - $538,000||0.3|
|$323,001 - $430,000||1.4|
|$215,001 - $323,000||8.8|
|$108,001 - $215,000||35.9|
|$54,001 - $108,000||29.1|
|$0 - $54,000||20.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Waverly City HOMES|
|2000 or Newer||8.6|
|1970 - 1999||35.4|
|1940 - 1969||47.6|
|1939 or Older||8.5|
|TYPE OF Waverly City HOMES|
|Small Apt. Buildings||9.9|
|SIZE OF Waverly City HOMES|
|5 or more bedrooms||4.50|