Waverly, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Waverly, VA Real Estate Data


Waverly Housing Market Information

With 2,073 people, 637 houses or apartments, and a median cost of homes of $135,837, house prices in Waverly are solidly below the national average.

Single-family detached homes are the single most common housing type in Waverly, accounting for 66.94% of the town's housing units. Other types of housing that are prevalent in Waverly include mobile homes or trailers ( 17.20%), large apartment complexes or high rise apartments ( 8.74%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.05%).

The most prevalent building size and type in Waverly are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 54.00% owning and 46.00% renting.

There is a lot of housing in Waverly built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Waverly built between 1940-1969 ( 40.59%). A lesser amount of the housing stock also hails from before 1939 ( 5.78%). There's also some housing in Waverly built between 2000 and later ( 2.55%).

Vacant housing appears to be an issue in Waverly. Fully 14.38% of the housing stock is classified as vacant. Left unchecked, vacant Waverly homes and apartments can be a drag on the real estate market, holding Waverly 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.

Waverly Home Appreciation Rates

Real estate appreciation rates in Waverly's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.44% during the period.

NeighborhoodScout's data show that during the latest twelve months, Waverly's appreciation rate, at 4.97%, has been at or slightly above the national average. In the latest quarter, Waverly's appreciation rate has been 2.03%, which annualizes to a rate of 8.38%.

Relative to Virginia, our data show that Waverly's latest annual appreciation rate is higher than 70% of the other cities and towns in Virginia.

Average Home Values

 

Median Home Value:
$135,837

Waverly, VA HOME PRICES

Value Range
> $1,129,000 0.0
$847,001 - $1,129,000 0.0
$564,001 - $847,000 1.6
$452,001 - $564,000 1.5
$339,001 - $452,000 4.1
$226,001 - $339,000 13.5
$113,001 - $226,000 39.4
$57,001 - $113,000 25.4
$0 - $57,000 14.4

Low for VA
Average for Nation

Value Relative to Nation Value Relative to State
57.7560461439363 69.2520775623269

Number Of Homes And Apartments:
637

Rent & Ownership

 

Average Market Rent:
$701 / per month

Homeownership Rate

Homeownership
Owners 54.00
Renters 46.00
Vacant 14.38

Housing Market Details

 

Age of Homes

AGE OF Waverly HOMES
2000 or Newer 2.6
1970 - 1999 51.1
1940 - 1969 40.6
1939 or Older 5.8

Types of Homes

TYPE OF Waverly HOMES
Single-Family 66.9
Townhomes 1.1
Small Apt. Buildings 6.0
Apt. Complexes 8.7
Mobile Homes 17.2
Other 0.0

Home Size

SIZE OF Waverly HOMES
No Bedroom 1.08
1 Bedroom 7.39
2 Bedrooms 33.06
3 Bedrooms 43.95
4 Bedrooms 12.50
5 or more bedrooms 2.02

Waverly Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
52.71% 2.52% 5 6
* 10 is highest

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