New Waverly, TX
Population 1,311 · Texas
About New Waverly, TX
New Waverly is a small town located in Texas with a population of 1,311 residents according to the latest US Census Bureau American Community Survey data. The median household income is $47,589 per year, which is 37% below the national median of $75,149. The median age of 32.4 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in New Waverly features a median home value of $188,000, which is 23% below the national median of $244,900. This positions New Waverly in a moderately priced market relative to the rest of the country. Median monthly rent is $1,049, 10% below the national average of $1,163/month. Of the 535 total housing units, 65% are owner-occupied (273 units) and 35% are renter-occupied (147 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in New Waverly shows an unemployment rate of 3.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 25.3%, above the national average of 12.4%. Workers in New Waverly have an average one-way commute time of 31 minutes.
Education & Demographics
15.9% of New Waverly residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 15.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.2% Asian residents, with 7.2% of the population being foreign-born.
Cost of Living in New Waverly, TX
Compared to national averages, New Waverly has a median household income of $47,589 (37% below the national median of $75,149). Home values average $188,000, which is 23% below the national median. Monthly rent at $1,049 is 10% below the US average of $1,163. Within Texas, New Waverly's income is 35% below the state average of $72,726, and home values are 11% below the state median of $211,769.
Why Live in New Waverly, TX?
New Waverly offers affordable housing with a median home value of $188,000, below the US average of $244,900, and rent that’s lower than the national average at $1,049/month, and a strong job market with an unemployment rate of just 3.3%.
Potential considerations include median household income ($47,589) that falls below the national average. However, New Waverly’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
New Waverly has a population of 1,311 with a median age of 32.4 years. Compare New Waverly with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near New Waverly
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Stinnett | 1,311 | $52,500 | $94,100 | Compare |
| Bevil Oaks | 1,308 | $77,073 | $216,400 | Compare |
| Holland | 1,315 | $66,827 | $180,200 | Compare |
| Alvord | 1,318 | $70,294 | $201,400 | Compare |
| Emory | 1,304 | $35,489 | $187,500 | Compare |
| Rancho Alegre | 1,304 | $45,122 | $50,300 | Compare |
| Stratford | 1,321 | $57,639 | $118,000 | Compare |
| Three Rivers | 1,299 | $44,948 | $76,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Texas
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare New Waverly With Other Cities
Frequently Asked Questions about New Waverly
What is the population of New Waverly, TX?
The population of New Waverly, TX is 1,311 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Texas.
What is the median household income in New Waverly?
The median household income in New Waverly, TX is $47,589 per year, which is 37% below the national median of $75,149.
What is the median home value in New Waverly?
The median home value in New Waverly, TX is $188,000, which is 23% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in New Waverly?
The median monthly rent in New Waverly, TX is $1,049, which is 10% below the national average of $1,163/month.
What is the unemployment rate in New Waverly?
The unemployment rate in New Waverly, TX is 3.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is New Waverly, TX a good place to live?
New Waverly offers a moderate cost of living, affordable housing, and a strong job market. With a population of 1,311 and a median age of 32.4, the city appeals to young professionals and families.
How educated is New Waverly, TX?
15.9% of residents in New Waverly aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in New Waverly?
Key cost-of-living indicators for New Waverly, TX: median home value is $188,000 (23% below national), median rent is $1,049/month, and median household income is $47,589. The home-value-to-income ratio is 4.0x, a moderate figure by national standards.
What is the poverty rate in New Waverly?
The poverty rate in New Waverly, TX is 25.3%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is New Waverly, TX?
New Waverly's population is 15.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.2% Asian, and 9.0% two or more races. 7.2% of residents are foreign-born.