Minnesota · Census place 68764
Waverly, MN population, income and ZIP codes
Quick answer
The population of the city of Waverly, Minnesota (Waverly, MN — Census place “Waverly city”) is 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. Looking for the Waverly Minnesota ZIP code list? 1 ZIP codes serve Waverly, MN: 55390.
- 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
Waverly ZIP codes (Minnesota)
Census ZCTAs whose delivery area overlaps Waverly.
The Waverly MN ZIP code list below covers 1 ZIP code. Open any one for its population, income, housing and rent profile.
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
Waverly city, MN in context
How this area compares with national benchmarks.
Waverly city is a small town in Minnesota, with 1,947 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #265 of 914 ranked by population — larger than 71% of them. The median age here is 37.2 years against 39.1 nationally, a slightly younger profile than the country as a whole. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.
Households in Waverly city earn a median of $113,269 a year, 44.2% above the national figure of $78,538 and 50% above the $75,469 median for the 361 Minnesota 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 8.9% of residents here, below the 12.4% national rate.
The typical owner-occupied home in Waverly city is valued at $284,600, 6.2% below the national figure and 18% above the $240,400 peer median, while median gross rent runs $913 a month, 35.1% below the national figure, or roughly $10,956 across a full year. A household on the local median income would put about 9.7% 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 2.5×, against roughly 3.9× nationally, so buying is easier here than in the average US market. 91.8% of occupied homes are owner-occupied versus 65% nationally, an owner-dominated market where rental listings are scarce and rent medians rest on a thin sample. Gross rent folds in the utilities a tenant pays separately, so it is closer to the real monthly outlay than a headline rent figure.
Every value on this page is published directly by the Census for this area — nothing is modelled or interpolated. 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
Places of similar size in Minnesota.
- Clearwater city 1,904
- Ortonville city 1,968
- Aurora city 1,897
- Blooming Prairie city 1,977
- Maple Plain city 1,889
- St. Bonifacius city 1,982
- Coleraine city 1,888
- Stacy city 1,992
Keep going
More Minnesota coverage.
Frequently asked questions
Common questions about this area.
- What is the population of Waverly city?
- Waverly city has 1,947 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #265 of 914 in Minnesota.
- What is the median household income in Waverly city?
- Median household income in Waverly city is $113,269 a year, 44.2% above the national figure of $78,538.
- How much does it cost to rent or buy in Waverly city?
- Median gross rent is $913 a month and the median home value is $284,600, so rent absorbs about 9.7% of median household income.
- Is Waverly city affordable compared with the rest of the US?
- Homes cost about 2.5× the local median income here versus roughly 3.9× nationally, so Waverly city is more affordable to buy in than the typical US market, and rent takes 9.7% of median income against the 30% cost-burden line.
- How current is this Waverly city data?
- All figures come from the US Census Bureau American Community Survey 2019-2023 ACS 5-year five-year estimates. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.