Waverly, WV
Population 395 · West Virginia
About Waverly, WV
Waverly is a small community located in West Virginia with a population of 395 residents according to the latest US Census Bureau American Community Survey data. The median household income is $79,539 per year, which is 6% above the national median of $75,149. The median age of 54.3 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Waverly features a median home value of $265,000, which is 8% above the national median of $244,900. This positions Waverly in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 157 total housing units, 68% are owner-occupied (106 units) and 32% are renter-occupied (51 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Waverly shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 15.9%, above the national average of 12.4%. Workers in Waverly have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
35.4% of Waverly residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.0% White, 1.5% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Waverly Ranks in West Virginia
Cost of Living in Waverly, WV
Compared to national averages, Waverly has a median household income of $79,539 (6% above the national median of $75,149). Home values average $265,000, which is 8% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within West Virginia, Waverly's income is 47% above the state average of $54,014, and home values are 107% above the state median of $128,301.
Why Live in Waverly, WV?
Waverly offers a strong local economy with a median household income of $79,539, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a well-educated community where 35.4% of residents hold a bachelor’s degree or higher, and short commute times averaging just 0 minutes.
Waverly has a population of 395 with a median age of 54.3 years. Compare Waverly with other cities to see how it stacks up, or explore all cities in West Virginia.
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Demographics
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Waverly
What is the population of Waverly, WV?
The population of Waverly, WV is 395 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in West Virginia.
What is the median household income in Waverly?
The median household income in Waverly, WV is $79,539 per year, which is 6% above the national median of $75,149.
What is the median home value in Waverly?
The median home value in Waverly, WV is $265,000, which is 8% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Waverly?
The median monthly rent in Waverly, WV is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Waverly?
The unemployment rate in Waverly, WV is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Waverly, WV a good place to live?
Waverly offers above-average incomes, a competitive housing market, and a strong job market. With a population of 395 and a median age of 54.3, the city appeals to established professionals and retirees.
How educated is Waverly, WV?
35.4% of residents in Waverly aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Waverly?
Key cost-of-living indicators for Waverly, WV: median home value is $265,000 (8% above national), median rent is $0/month, and median household income is $79,539. The home-value-to-income ratio is 3.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Waverly?
The poverty rate in Waverly, WV is 15.9%, 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 Waverly, WV?
Waverly's population is 0.0% White, 1.5% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.