What is the population of Waverly CDP?

Waverly CDP has 23,301 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #54 of 745 in Michigan.

What is the median household income in Waverly CDP?

Median household income in Waverly CDP is $75,868 a year, 3.4% below the national figure of $78,538.

How much does it cost to rent or buy in Waverly CDP?

Median gross rent is $1,125 a month and the median home value is $222,300, so rent absorbs about 17.8% of median household income.

Is Waverly CDP affordable compared with the rest of the US?

Homes cost about 2.9× the local median income here versus roughly 3.9× nationally, so Waverly CDP is more affordable to buy in than the typical US market, and rent takes 17.8% of median income against the 30% cost-burden line.

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Michigan · Census place 84800

Waverly, MI population, income and ZIP codes

Quick answer

The population of the city of Waverly, Michigan (Waverly, MI — Census place “Waverly CDP”) is 23,301 residents, ranking #54 of 745 places in Michigan. Median household income is $75,868, the median home is worth $222,300 and median gross rent runs $1,125 a month. Looking for the Waverly Michigan ZIP code list? 1 ZIP codes serve Waverly, MI: 48917.

Population: 23,301Waverly CDP residents
Median household income: $75,868Past 12 months, inflation adjusted
Median home value: $222,300Owner-occupied units
Median gross rent: $1,125Rent plus utilities, monthly
Median age: 40.7 yrsAll residents
Homeownership rate: 55.8%Owner-occupied households

Waverly ZIP codes (Michigan)

Census ZCTAs whose delivery area overlaps Waverly.

The Waverly MI ZIP code list below covers 1 ZIP code. Open any one for its population, income, housing and rent profile.

48917

What the numbers mean in Waverly CDP

Housing cost measured against local earnings.

A household earning the Waverly CDP median would spend about 17.8% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.9× the median household income; nationally that ratio sits near 4.5×. Poverty affects 8.5% of residents and 55.8% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

Waverly CDP, MI in context

How this area compares with national benchmarks.

Waverly CDP is a mid-size town in Michigan, with 23,301 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #54 of 745 ranked by population — larger than 92% of them. The median age here is 40.7 years against 39.1 nationally, a slightly older profile than the country as a whole. Places under 65,000 residents only appear in the five-year release, never the one-year file, so these values pool sixty months of responses and lag the current year by design.

Households in Waverly CDP earn a median of $75,868 a year, 3.4% below the national figure of $78,538 and 23% above the $61,715 median for the 438 Michigan cities we cover. Household income here is measured before tax and pooled across everyone at the address, which is why it reads higher than typical individual earnings in the same area. Poverty reaches 8.5% of residents here, below the 12.4% national rate.

The typical owner-occupied home in Waverly CDP is valued at $222,300, 26.7% below the national figure and 34% above the $166,100 peer median, while median gross rent runs $1,125 a month, 20% below the national figure, or roughly $13,500 across a full year. A household on the local median income would put about 17.8% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 2.9×, against roughly 3.9× nationally, so buying is easier here than in the average US market. 55.8% of occupied homes are owner-occupied versus 65% nationally, so the market leans more heavily on renters. Gross rent folds in the utilities a tenant pays separately, so it is closer to the real monthly outlay than a headline rent figure.

All values below were released by the Census for this exact geography, with no gap-filling on our side. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.

Compare with nearby places

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Frequently asked questions

Common questions about this area.

What is the population of Waverly CDP?: Waverly CDP has 23,301 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #54 of 745 in Michigan.
What is the median household income in Waverly CDP?: Median household income in Waverly CDP is $75,868 a year, 3.4% below the national figure of $78,538.
How much does it cost to rent or buy in Waverly CDP?: Median gross rent is $1,125 a month and the median home value is $222,300, so rent absorbs about 17.8% of median household income.
Is Waverly CDP affordable compared with the rest of the US?: Homes cost about 2.9× the local median income here versus roughly 3.9× nationally, so Waverly CDP is more affordable to buy in than the typical US market, and rent takes 17.8% of median income against the 30% cost-burden line.
How current is this Waverly CDP data?: All figures come from the US Census Bureau American Community Survey 2019-2023 ACS 5-year five-year estimates. Places under 65,000 residents only appear in the five-year release, never the one-year file, so these values pool sixty months of responses and lag the current year by design.