Waverly, VA
Population 2,629 · Virginia
About Waverly, VA
Waverly is a small community in Virginia with a population of 2,629 residents. The median household income is $71,154 per year, which is above the national average. The median age in Waverly is 39.4 years.
Housing in Waverly has a median home value of $135,300 and median monthly rent of $947. Of the 1,014 total housing units, the majority are owner-occupied, with 507 owner-occupied and 383 renter-occupied units.
The unemployment rate in Waverly is 9.7% and the poverty rate is 7.9%. 21.4% of residents hold a bachelor's degree or higher. The average commute time is 32.6 minutes.
Cost of Living in Waverly, VA
Compared to national averages, Waverly has a median household income of $71,154 (5% below the national median of $75,149). Home values average $135,300, which is 45% below the national median. Monthly rent at $947 is 19% below the US average of $1,163. Within Virginia, Waverly's income is 19% below the state average of $87,957, and home values are 59% below the state median of $327,514.
Why Live in Waverly, VA?
Waverly offers affordable housing with a median home value of $135,300, below the US average of $244,900, and rent that’s lower than the national average at $947/month, and a low poverty rate of 7.9%, better than the national average.
Potential considerations include median household income ($71,154) that falls below the national average. However, Waverly’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Waverly has a population of 2,629 with a median age of 39.4 years. Compare Waverly with other cities to see how it stacks up, or explore all cities in Virginia.
Similar Cities Near Waverly
Cities in Virginia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Shawneeland | 2,653 | $98,167 | $238,500 | Compare |
| Sully Square | 2,668 | $210,746 | $709,400 | Compare |
| Dublin | 2,671 | $61,635 | $166,700 | Compare |
| Ravensworth | 2,566 | $163,281 | $668,600 | Compare |
| Lovettsville | 2,697 | $141,042 | $526,600 | Compare |
| Fairlawn | 2,555 | $67,549 | $257,000 | Compare |
| Lake Caroline | 2,708 | $88,222 | $291,300 | Compare |
| Chase City | 2,530 | $51,840 | $115,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Virginia
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Waverly With Other Cities
Frequently Asked Questions about Waverly
What is the population of Waverly, VA?
The population of Waverly, VA is 2,629 according to the latest Census data.
What is the median household income in Waverly?
The median household income in Waverly, VA is $71,154 per year.
What is the median home value in Waverly?
The median home value in Waverly, VA is $135,300.
What is the average rent in Waverly?
The median monthly rent in Waverly, VA is $947.
What is the unemployment rate in Waverly?
The unemployment rate in Waverly, VA is 9.7%.