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ZipNumbers

Minnesota · Census place 68764

Waverly city, MN

Quick answer

Waverly city has 1,947 residents, ranking #265 of 914 places in Minnesota. Median household income is $113,269, the median home is worth $284,600 and median gross rent runs $913 a month.

Population
1,947Waverly city residents
Median household income
$113,269Past 12 months, inflation adjusted
Median home value
$284,600Owner-occupied units
Median gross rent
$913Rent plus utilities, monthly
Median age
37.2 yrsAll residents
Homeownership rate
91.8%Owner-occupied households

What the numbers mean in Waverly city

Housing cost measured against local earnings.

A household earning the Waverly city median would spend about 9.7% 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 2.5× the median household income; nationally that ratio sits near 4.5×. Poverty affects 8.9% of residents and 91.8% of households own their home.

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

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